i2Telecom International Expects 2008 Revenues To More Than Quintuple to Over $5 Million

i2Telecom International, Inc. (”i2Telecom®”) (OTCBB: ITUI), a developer of award-winning patented and innovative high-quality Voice-over-Internet Protocol (”VoIP”) products and services, today announced that it expects revenues from the sale of VOIP products and related services to exceed $5 million in the year ending December 31, 2008, compared with less than $1 million in revenues during 2007.

This anticipated revenue growth will be driven by revenue-sharing and licensing agreements involving the Company’s new MyGlobalTalk™ technology. In addition, the Company may have the opportunity to realize further profits from the monetization of a portion of its growing intellectual property portfolio. The Company currently has patent applications pending related to over a dozen different additional important VoIP technologies, all of which are deployed today in the Company’s VoIP technology offerings.

The Company attributes much of the anticipated acceleration in revenue growth to its new patent-pending MyGlobalTalk™ technology, which has been met with great enthusiasm among current and prospective customers.
MyGlobalTalk™ is an innovative, unique and proprietary software application developed internally by i2Telecom’s R&D team.
MyGlobalTalk™ places Internet telephony in the hands of every cellular phone user, independent of wireless carrier technology, handset manufacturer, or the type of wireless carrier voice/data plan involved.
Once MyGlobalTalk™ is installed on a cellular handset, users are able to call any telephone in the world directly from their cellular phones using VoIP technology, at a fraction of normal long-distance rates.
MyGlobalTalk™ utilizes a prepaid, “pay as you go” plan structure and no long-term contract is required.
Additionally, MyGlobalTalk™ is fully functional without requiring local access to the Internet or proximity to an Internet “hotspot.”
MyGlobalTalk™ users also need not wait for the availability of dual-mode WiFi phones, because MyGlobalTalkTM provides the benefits of dual-mode phones at a fraction of the cost, using customers’ existing mobile handsets.
MyGlobalTalk™ does not require carriers to participate, since users can sign-up independently for the service.

“Market response to MyGlobalTalk™ has been tremendous, and we anticipate adding a significant number of new customers in the near future,” commented Paul Arena, Chief Executive Officer of i2Telecom International, Inc. “The explosive growth in wireless service, with approximately 2.6 billion GSM users worldwide and approximately 220 million cellular users in the United States alone, has greatly expanded the opportunities to access Mobile VoIP technology. MyGlobalTalk™ allows users to conveniently make low-cost long distance calls from their cell phones to anywhere in the world.”

MyGlobalTalk™ has recently received a number of awards, including the 2007 INTERNET TELEPHONY(R) Magazine’s ‘Product of the Year’ Award, the ‘Best of Show’ Award at the IT Expo East 2008, the 2007 ‘Product of the Year’ Award by Unified Communications Magazine, and the 2007 ‘Product of the Year’ Award by Communications Magazine. MyGlobalTalk™ was also the subject of this month’s cover story in the leading industry trade journal INTERNET TELEPHONY Magazine.

“The addition of MyGlobalTalk™ to our family of proprietary VoIP technology solutions will allow i2Telecom to deliver a unique, low-cost telephony service to businesses and consumers by combining the benefits of unparalleled mobility with VoIP technology,” continued Arena. “MyGlobalTalk™ is the first VoIP service of its kind and provides higher-level user functionality to wireless users. The VoIP market is transitioning from an ‘early adopter’ phase into a practical, dependable service offering that meets the telephony requirements of a much broader market, and we believe i2Telecom will emerge as one of the leading independent software development companies in the industry. We believe ongoing changes within the telecom industry will continue to reward innovative and nimble companies.”

“Our channel distribution response to MyGlobalTalk™ has been very enthusiastic, and negotiations on a number of revenue-sharing and licensing agreements are underway. Based upon contracts and initiatives that are already in place, we expect i2Telecom’s revenues to approach $2 million in the third quarter of 2008, or more than double the Company’s revenues for the entire year ended December 31, 2007. Revenues should approximate $3 million in the fourth quarter, resulting in full-year 2008 revenues in excess of $5 million,” concluded Arena.

About i2Telecom International, Inc.

i2Telecom International, Inc. is a developer of award-winning patented and innovative high-quality Voice-over-Internet Protocol (”VoIP”) products and services that employ best-of-breed VoIP technology and use a combination of the Company’s own services network and the Internet to deliver high-quality phone calls, streaming video and text chat to customers on a global scale. i2Telecom International provides its VoiceStick®, MyGlobalTalk™, Digital Portal communications and microgateway adapters for VoIP long-distance and other enhanced communication services to its subscribers. Its patent pending services technology platform is compliant with the Session Initiation Protocol (”SIP”) telecommunications industry standard. For additional information visit www.i2telecom.com or www.voicestick.com or www.myglobaltalk.com or call 404-567-4750.

SAFE HARBOR Statement under the Private Securities Litigation Reform Act. With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including, but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company. Actual results and developments may differ materially from those contemplated by these statements depending on such factors as changes in general economic conditions and financial or equity markets, technological changes, and other business risk factors. i2Telecom® does not assume, and expressly disclaims, any obligation to update these forward-looking statements.

Contacts

Investor Relations:
Alliance Advisors
Alan Sheinwald, 914-669-0222
Investor {at} i2telecom(.)com
or
Public Relations:
CW&R Partners
Kelly Cinelli or Veronica Welch, 508-222-4802
media {at} i2telecom(.)com