Integrated Performance Systems, Inc. Announces Launch of CNAMobile Premium News Service for SingTel, Through Its Subsidiary VoIUM GlobalMarkets.

Business Editors/High-Tech Writers

DALLAS--(BUSINESS WIRE)--Dec. 3, 2003

Integrated Performance Systems, Inc. (OTCBB:IPFS) today announced the launch of CNAMobile Premium, a headline news filtering service, through its subsidiary VoIUM GlobalMarkets ("VoIUM") in conjunction with Channel NewsAsia ("CNA") and Singapore Telecommunications Ltd ("SingTel").

SingTel mobile customers can currently receive CNA's Mobile News and SMS NewsFlash Alerts services. With CNAMobile Premium, they can now customize their news alert watch list according to 'Latest News,' 'Headline News,' and 'Newsflash' and other news highlights.

Mr. Alvin Chng, Vice President, MediaCorp News in charge of E-News, said: "Being the leader in this field, we have to always keep in the forefront. We have to respond to the more discerning needs of our users. They not only want the news fast wherever they are, but also want to decide on the type of news to be alerted on. Together with VoIUM's innovation, we believe that this service will strongly value-add to SingTel's vision of continuous bringing a new dimension to the subscribers of such information and with continued technological advances."

Mr. Hui Weng Cheong, SingTel's Vice President (Consumer Products), said: "Apart from offering new services, SingTel looks at how we can enhance our current offerings to our customers. We understand that our customers have different interests, even in the kind of news that they want to receive. CNAMobile Premium will enable them to better manage their news and information source."

Mr. Benjamin Ng, Managing Director, VoIUM GlobalMarkets, said: "With this unique collaboration, SingTel's customer can now receive personalized news on their mobile phones while on the move. This brings about a truly valuable service for the subscribers through newsy contents, technology and connectivity-on-the-go."

To subscribe to CNAMobile Premium, SingTel mobile customers can simply dial *157 (news in Chinese) or *158 (news in English). They can also log on to SingTel's IDEAS website (www.ideas.singtel.com) using their mobile phone number and IDEAS password or go to the IDEAS WAP portal.

ABOUT CHANNEL NEWSASIA

Channel NewsAsia positions itself as an Asian TV News channel that provides news and information on global developments with Asian perspectives. Channel NewsAsia brings viewers not only the latest news but also the stories behind the headlines. Headquartered in Singapore, Channel NewsAsia reports from the major Asian and key Western cities, including New York, Washington D.C, London and Moscow.

In September 2000, it launched its second feed, Channel NewsAsia (International). Its satellite footprint stretches from the Middle East, South Asia, Southeast Asia, and Northeast Asia to Australia. Channel NewsAsia is now viewed in 14.3 million homes and hotels in 17 territories across Asia. Channel NewsAsia is Pan-Asian in content and style and offers the Asian perspective on issues that affect each country in Asia and its people, giving more airtime to Asian views and opinions.

The channel is online at www.channelnewsasia.com, a premier resource hub for professionals and executives working, living and investing in Asia. Updated throughout the day, channelnewsasia.com provides rich video content and relevant information real-time online for a truly interactive experience.

Media Contact Alvin Chng

Vice President, E-News

MediaCorp News Pte Ltd

Tel: [phone]

Email: [e-mail]

ABOUT SINGTEL

SingTel is Asia's leading communications company with operations and investments in more than 20 countries and territories around the world. Serving both the corporate and consumer markets, it is committed to bringing the best of global communications to customers in the Asia Pacific and beyond.

Operating out of two major centers, Singapore and Australia (through wholly-owned subsidiary SingTel Optus), the SingTel Group provides a comprehensive portfolio of services that include voice and data services over fixed, wireless and Internet platforms.

In Singapore, SingTel has had more than 120 years of operating experience and has played an integral part in the development of the city as a major communications hub in the region. In Australia, Optus serves more than six million customers. It has driven the competition as the challenger brand and led the way in technological innovations and breakthroughs.

The Group's other major investments in the region include Advanced Info Service of Thailand, the Bharti Telecom Group of India, Globe Telecom of the Philippines and Telkomsel of Indonesia. Together with its regional partners, SingTel is Asia's largest multi-market mobile operator, serving more than 37 million customers in six markets.

SingTel has been recognized Best Asian Telecom Carrier by industry publication, TelecomAsia, for six consecutive years since 1998. The Group employs more than 19,000 people around the world and had a turnover of S$10.26 billion (US$5.80 billion) for the year ended 31 March 2003. More information can be found @ www.singtel.com and www.optus.com.au.

Media Contact

Andrienne Tho (Ms)

Corporate Communications Manager

SingTel

Tel: [phone]

Email: [e-mail]

ABOUT VOIUM GLOBALMARKETS

VoIUM GlobalMarkets' mission is to empower content providers, content aggregator, content services resellers, mobile operators and enterprise information portals with turnkey technology and business solutions to exploit new market opportunities on the mobile information service. The company is focused on News and Financial Content and is well positioned for market leadership through its partnering with the leading content providers in the market.

The VoIUM group of companies is a subsidiary of US based Integrated Performance Systems Inc. (a publicly traded company whose NASDAQ symbol is IPFS). For more information, please check our website www.voium.net.

Media Contact

Linda Teo (Ms)

Senior Manager, Executive Office

VoIUM GlobalMarkets

Tel: [phone] ext. 107

Email: [e-mail]

About Integrated Performance Systems

Integrated Performance Systems is a Dallas-based holding company that currently provides high quality electronic components and provides state-of-the-art total solution electronics manufacturing services to the high-speed wireless communications industry, the digital electronics market and the broadband communications industry with applications in commercial and military markets. The company currently provides products and services to a diversified customer base including the defense industry, the avionics industry, and the telecommunication market. The Company's high quality components, microwave interconnect solutions, antennas and sophisticated sub-system assemblies are currently manufactured for an impressive array of Fortune 500 companies and leading electronic manufacturers which include: Rockwell Collins (NYSE:COL) Level-3 (NASDAQ NM:LVLT) Honeywell (NYSE:HON) Lockheed Martin (NYSE:LMT) Raytheon (NYSE:RTN) and Ball Aerospace (NYSE: BLL) among others.

Integrated Performance Systems, Inc. common stock is currently traded on the Over-the-Counter Electronic Bulletin Board (OTCBB) under the symbol "IPFS".

Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of Company's products and services and markets for such products and services, the timing and level of customers orders, competitive products and services, changes in economic conditions and other risks and uncertainties. Although the Company believes the statements are reasonable, it can give no assurance that such expectations will prove to be correct. The Company cautions that any forward-looking statements contained herein are not a guarantee of future performance and that actual results may differ materially.