Voiceserve's Fastest Annual Revenue Growth - In Excess of 600%

LONDON, July 23 /PRNewswire-FirstCall/ -- Voiceserve announced revenues
of $934,482 for the year ended March 31, 2008 compared to $152,465 for the
year ended March 31, 2007, in excess of 600% increase over the same period of
the prior year. Operating expenses for the year ended March 31, 2008
increased to $934,401 from $588,781 for the year ended March 31, 2007
representing an increase of $345,620. The increase is attributable to an
increase in sales and hence a general increase in administrative expenses.
"Delivering an impressive 600% annual revenue growth is an outstanding
accomplishment and a testament to the powerful combination of great
technology solutions and strong execution by our partners and global sales
and marketing teams," said Michael Bibelman , CEO of Voiceserve. "The outlook
for fiscal year 2009 is positive given the breadth of our impressive
technology portfolio and the expanding collection of services we are bringing
to market."
This fiscal year marked the launch of Voipswitch's flagship products
including the "Vippie Softphone". Revenue growth was primarily driven by
continued customer demand for all products.
"We had a strong finish in the fourth quarter, which capped off an
impressive year for the company," said Alexander Ellinson, President.
"Looking forward, despite difficult economic conditions, we will build upon
the momentum exiting fiscal year 2008 and expect to deliver another year of
increasing revenues and growth in fiscal year 2009."
About Voiceserve, Inc.
Voiceserve Inc. is an application developer that specializes in software
solutions for global VOIP service providers. The main product is the
softswitch platform with associated modules marketed under the Voipswitch
brand. Since the first version was released in 2001 the software has proved
its recognizable position in the VOIP industry.
For more information, visit http://www.voiceservegroup.com.
This release contains certain forward-looking statements which involve
known and unknown risks, uncertainties or other factors not under the
company's control, which may cause actual results, performance or
achievements of the company to be materially different from the results,
performance or other expectations implied by these forward looking
statements. These factors include, but are not limited to, those detailed in
the company's periodic filings with the Securities and Exchange Commission.
SOURCE Voiceserve, Inc.

For investor relations, contact Alexander Ellinson at +44-208-136-6000,
e-mail:alex@voiceserve.net