"iVoice intends to bring to bear its total resources to enhance our overall shareholder value," said Jerry Mahoney, CEO of iVoice, Inc. "We recognize the difficulty in obtaining capital funding. By virtue of our very strong cash position, iVoice has been given a unique opportunity to take an equity position in a diversified, well-managed merchant banking company that is involved in a variety of different financial services. We are being solicited on a regular basis to participate in a variety of different transactions, and we will pursue those that management believes represent the greatest opportunity for capital appreciation, so as to maximize and enhance the shareholder value for iVoice investors. iVoice's current cash position enables us to take advantage of numerous opportunities in the marketplace, and we will be exploring different avenues that may be available with which to distribute these equity positions directly to our shareholders"

Mahoney goes on to state: "While the downturn in equity values in the past few years has discouraged many investors and negatively impacted the IPO market, we believe it to be an opportunity for iVoice to expand its asset base. We should be able to announce more definitive deals in the very near future."

In our review and analysis of potential investment or acquisition targets, we are interested in candidates that represent excellent growth potential, are in a viable and stable market segment, and employ a current management team committed to the organization's success. These prospective investments or acquisitions may or may not be in the same industry as iVoice.

About iVoice, Inc.:

iVoice, Inc. designs, manufactures and markets innovative voice and computer telephony communications systems for businesses and corporate departments. The Interactive Voice Response (IVR) products developed by iVoice allow information in PC databases to be accessed via voice or from a standard touch-tone telephone. The products are designed to be simple for the end user and provide a cohesive system to access messaging systems using your voice.