IPtimize, Inc. Announces Late Filing of 2007 Fiscal Results

DENVER--(Business Wire)--
IPtimize, Inc. (Pink Sheets:IPZI) ("IPtimize" or the "Company"), a
provider of turnkey broadband data management and voice (VoIP)
services to cable operators, announced today that the Company will
file its Annual Report on Form 10-KSB on or before May 15, 2008.

Due to the closing of two rounds of financing, the recent hiring
of a new CEO, and the implementation of its new business strategy,
IPtimize has experienced some delays in assembling certain information
needed to complete the review of its consolidated financial statements
in sufficient time to meet the required filing date. The Company
intends to file its Form 10-KSB as soon as practicable.

About IPtimize, Inc.

IPtimize is a Denver-based broadband voice and data service
provider that offers Voice over Internet Protocol (VoIP) to Cable TV
operators in Tier II (approximately 100,000 or fewer households).
Their simplified, best of breed, cost-effective turnkey solution
enables Cable TV operators to offer "Triple Play" bundled services
regardless of market size. IPtimize distinguishes itself from both
conventional Telco's and discount VoIP retailers by delivering
reliable, managed service - agnostic of broadband provider or
equipment. Please visit:
here

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking
statements. These statements relate to future events or to our future
financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance, or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements.
You should not place undue reliance on forward-looking statements
since they involve known and unknown risks, uncertainties and other
factors which are, in some cases, beyond our control and which could,
and likely will, materially affect actual results, levels of activity,
performance or achievements. Any forward-looking statement reflects
our current views with respect to future events and is subject to
these and other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity. We
assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available
in the future. The safe harbor for forward-looking statements
contained in the Securities Litigation Reform Act of 1995 protects
companies from liability for their forward looking statements if they
comply with the requirements of the Act.

After Market Support, LLC
Investor
Elizabeth Sklaroff, 720-489-4916
elizabeth.sklaroff@aftermarketsupport.com
or
IPtimize, Inc.
Corporate
Ron Pitcock, Chairman and CEO, 303-268-3604
rpitcock@iptimize.com

Copyright Business Wire 2008