CounterPath Closes Acquisition of FirstHand Technologies

Company adds Fixed Mobile Convergence solutions to its enterprise offerings

VANCOUVER, Feb. 1 /PRNewswire-FirstCall/ - CounterPath Corporation (OTCBB:
COPA), a leading provider of multimedia VoIP softphones and SIP applications,
today announced that it has closed its acquisition of FirstHand Technologies
Inc., an innovator in extending enterprise telephony features to smart phones
and dual-mode handheld devices over WiFi and cellular networks.
On closing, CounterPath acquired FirstHand in exchange for 29,500,000
shares of CounterPath's common stock. FirstHand contributed approximately $6
million in cash to the combined entity. FirstHand's former investors,
including Covington Capital, Skypoint Capital Corporation, BDC Capital Inc.
and Venturelab Partners, collectively own approximately 23% of the common
shares of CounterPath.
CounterPath will combine its suite of softphone and server applications
with Fixed Mobile Convergence (FMC) solutions from FirstHand to enable its
carrier and enterprise customers to deploy an integrated solution that extends
communications from the personal computer to most major mobile devices.
About CounterPath
Since 2003, CounterPath Corporation (formerly CounterPath Solutions, Inc.)
has been creating value for its clients with the development of innovative
multimedia VoIP (Voice over Internet Protocol) softphones and SIP (Session
Initiation Protocol) applications. CounterPath has a flexible, user friendly
and feature-rich product suite which enables its clients to cost-effectively
integrate or bundle voice, video, presence and Instant Messaging applications
into their VoIP solutions. The Company's clients include some of the world's
largest telecommunications service providers and network equipment providers
including AT&T, BT (British Telecommunications PLC), Alcatel-Lucent and Cisco
Systems. Additional information about CounterPath and its products and
services is available at www.counterpath.com.
Forward-Looking Statements
This news release contains "forward-looking statements". Statements in
this press release, which are not purely historical, are forward-looking
statements and include any statements regarding beliefs, plans, expectations
or intentions regarding the future.
It is important to note that actual outcomes and CounterPath's actual
results could differ materially from those in such forward-looking statements.
Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others: (1)
the failure to successfully integrate the businesses and technologies of
CounterPath and FirstHand, (2) the failure to develop new and innovative
products using CounterPath's and FirstHand's technologies, (3) CounterPath's
ability to remain competitive as other parties develop and release competitive
products, (4) CounterPath's ability to retain the employees necessary to
continue research and development of current and new products, (5) the success
by CounterPath of the sales of its current and new products, (6) the impact of
competitive products on the sales of CounterPath's products, (7) the impact of
technology changes on CounterPath's products and on the VoIP industry, (8) the
compatibility of CounterPath's products with new computer operating systems,
(9) the compatibility of CounterPath's products with new computer operating
systems, (10) the rate of adoption by service providers and the general public
of VoIP as a replacement for regular and cellular phone service, (11) general
economic conditions as they affect CounterPath and its prospective customers,
(12) the ability of CounterPath to control costs operating, general
administrative and other expenses, and (13) insufficient investor interest in
CounterPath's securities which may impact on CounterPath's ability to raise
additional financing as required.
Readers should also refer to the risk disclosures outlined in
CounterPath's quarterly reports on Form 10-QSB, annual reports on Form 10-KSB
and CounterPath's other disclosure documents filed from time-to-time with the
Securities and Exchange Commission available at www.sec.gov.
CONTACT: Media Contact: Sarah Stover, Grey Vancouver PR, (604) 484-3274,
pr@counterpath.com; Investor Contact: Gina DeBoutez, The Blueshirt Group,
(415) 489-2184, gina@blueshirtgroup.com
SOURCE CounterPath Corporation

Media Contact: Sarah Stover, Grey Vancouver PR, (604) 484-3274,
pr@counterpath.com; Investor Contact: Gina DeBoutez, The Blueshirt Group,
(415) 489-2184, gina@blueshirtgroup.com