IPVoice Communications Inc. Signs Letter of Intent to Acquire NETSCO Services Inc. With $3 Million Revenue Forecast in 2004.

Business Editors

DALLAS--(BUSINESS WIRE)--May 4, 2004

Acquisition to Strengthen Homeland Security Offerings from Digital Computer Integration Corp

IPVoice Communications, Inc. (OTCBB: IPVO) today announced signing a Letter of Intent to acquire NETSCO Services, Inc. (NETSCO). IPVoice plans to acquire 100% of the common stock of NETSCO in exchange for $3 million in restricted IPVoice preferred shares. NETSCO would become an integral part of the IPVoice Homeland Security strategy by combining with Digital Computer Integration Corp (DCI), a majority-owned subsidiary of IPVoice. NETSCO is currently projecting 2004 revenue of $3 million. DCI and NETSCO combined would generate nearly $10 million in Homeland Security revenue in 2004 at current forecasted revenue levels.

NETSCO Services, Inc., (www.netsco.com) is an eight year old corporation headquartered in Research Triangle Park of North Carolina. The company is a software product and services company that specializes in mission critical distributed computing solutions for large-scale enterprise applications. NETSCO has particular expertise in the Sun Microsystems (Nasdaq: SUNW) Java(TM) and J2EE(TM) environment. The NETSCO Framework is a proprietary technology that provides a set of services commonly required for distributed enterprise systems, such as Workflow, Persistence and Authorization. NETSCO clients include Raytheon, NASA, Bavarian Motor Works (BMW), Ericsson, Northrop Grumman and General Electric, amongst others. The U.S. Navy, Army and Air Force appear on the list of military clients.

The purchase agreement includes a $500,000 working capital infusion to be invested by IPVoice into the operations of NETSCO and will be in the form of a convertible note.

"NETSCO is an excellent addition to our Homeland Security strategy," said Philip Verges, CEO of IPVoice. "This acquisition is a valid illustration of our overall strategy to acquire companies that expand product line and create cross-selling opportunities in related markets. DCI will be able to capitalize on NETSCO's client relationships and vice versa. As we identify these opportunities we anticipate increasing our forecast for DCI."

About IPVoice Communications Inc.

IPVoice is a six-year-old company that has reported as a research and development concern for most of its history. In 2002, IPVoice launched a new business plan, which has resulted in the Company posting six consecutive profitable quarters and establishing an annualized $15 million in revenue. The Company is actively acquiring early-stage proprietary technology companies and financially distressed systems integration companies in specific global markets. In 2003, IPVoice acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (NYSE: Q - News). The Company recently acquired Medical Office Software Inc. diversifying its communications technology offering into the healthcare industry. RKM IT Solutions of Caracas, Venezuela was also recently acquired as IPVO's entry into the Latin American market.

This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the risks inherent in the integration of Infotel Technologies into IPVoice Communications, Inc business, the ability of IPVoice to restore and stabilize the client base of Infotel and re-establish relationships with key suppliers, the development and market acceptance of the products and services of the combined companies, demand for the telecommunication and other products and related services, domestic and foreign government spending, budgetary and trade policies, economic and political changes in the domestic and international markets where the Company competes, successful deployment of advanced technologies, competitive product and pricing pressures as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.