Integrated Performance Systems, Inc. Announces That Its Subsidiary VoIUM Technologies Acquires Major Stake In Prized Singapore Firm.

Business Editors/High-Tech Writers

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

Integrated Performance Systems, Inc. (OTCBB:IPFS) a Texas-based, publicly owned holding company, today announced that its subsidiary VoIUM Technologies Ltd ("VoIUM") has acquired a 30% stake in Global Network Unlimited Pte Ltd ("Global"), a two-year-old Software Development and E-Commerce gem. The agreement also allows VoIUM to purchase a further 21% to make Global a subsidiary of VoIUM in view of a possible listing on a European stock exchange.

"Global is seen as a key component within its arsenal of weapons to launch itself more aggressively into the Asian market especially Greater China and beyond. With VoIUM's wireless services taking off with partners like Singapore Telecoms and Standard & Poor's, Global can help propel VoIUM into the region in a most synergistic way," said Mr. Benjamin Ng, VoIUM's Managing Director.

Mr. Ronald Allen, Chairman of Integrated Performance Systems, Inc. ("IPS") said, "We see the clear advantage of having the two entities work together and boost the bottom-line. VoIUM and Global will be able to compete more efficiently as well as leverage off each other's strength in Asia." Integrated Performance Systems, Inc. will now have a direct link into the lucrative Asian markets because of its stake in VoIUM Technologies Ltd., which was acquired in April 2003, reflecting IPS' aggressive expansion into the global market.

"We are optimistic that Global can reach revenues beyond 2 million U.S. Dollars in 3 years. We have a proven track record and have sustained such a stellar performance during the toughest of economic circumstances such as SARS and the economic downturn. Our clientele includes Pfizer Asia Pacific, Khong Guan, Raffles Marina and Hooters Asia, just to name a few. Global also have presence in both Singapore and Malaysia so it sees itself contributing in a big way to the group," said Global's CEO, Mr. Jason Chia.

As testimony to its excellent track record, Mr. C.S. Chua, CEO of Owling Enterprise Pte Ltd (owners of Hooters Asia) said, "Global has been engaged to provide IT implementation for Hooters Singapore. They have carried out their work with great skill and professionalism and I would like to commend them for a job well done. We are definitely looking forward to working with Global in our expansion plans throughout the whole of Asia!" Headquartered in Singapore, Owling Enterprise has established Hooters outlets in Singapore, Taiwan, and China.

VoIUM's push into China with long time partners like Henderson China Ltd (a subsidiary of Henderson Land Ltd) should see the company grow quickly in terms of both revenue and profits.

Both VoIUM and Global are planning a pipeline of projects and products for 2004 to be launched with major players in the regional arena. Having this tie-up, both Mr. Ng and Mr. Chia sense a powerful convergence of wireless and wired bringing the ultimate solution provider to customers who are looking for such a player.

About VoIUM Technologies Ltd

VoIUM Technologies is a wireless technology enabler, founded in 1999 with vertical focus in delivering Just-In-Time Information globally and M2M business. VoIUM has established partnerships and sold products or services to major Asian companies including Singapore Telecom, Standard & Poor's, Channel News Asia, Reuters, MobileOne, Taiwan Cellular, Civil Aviation Authority of Singapore, and Media Corporation of Singapore during the past 4 years.

VoIUM currently focuses on providing wireless data streaming and wireless broadband services and stands on the verge of explosive growth in Asia through partnering with major Asian corporations. In addition, most Asian mobile operators have invested heavily on upgrades to their 2G networks to 2.5G and are proceeding to 3G in certain countries, and VoIUM's current suite of technologically superior products and services can ride this wave to play a key role in stimulating consumer demand either corporately or in retail. The VoIUM group of companies is a subsidiary of U.S.-based Integrated Performance Systems, Inc. (a publicly traded company on NASDAQ whose symbol is IPFS).

For more information, please surf our website: http://www.voium.net or Email inquiries: [e-mail].

Media Contact

Linda Teo (Ms) Senior Manager, Executive Office

VoIUM Technologies Ltd

Tel: [phone] ext. 107

Email: [e-mail]

About Global Network Unlimited Pte Ltd

Global Network Unlimited is a System Integrator, which specializes in Internet Web Technologies, IT Consultancy, Design, Electronic Commerce Management, and Software Development. Global aims to provide a one stop IT solution for all small and medium sized businesses, MNCs and large corporations alike, to enable them to ease into the enormous potential of IT and the Internet. Global's business motto is Commitment to Excellence and aims to make the IT experience one, which is completely secure, simple and seamless.

Global has established excellent working relationships with MNCs and listed companies. Over the years, Global has done numerous projects ranging from online bidding systems to ERP system; Web-based HR and recruitment modules and online tenancy administration. Global has also received numerous commendations letters for the level of service and technical competencies, some of which includes commendation letters from Suntec City Development, Golden Village Multiplex and Hooters.

For more information, please surf website: http://www.gnu.com.sg or Email inquiries: [e-mail].

Media Contact

Kelly Lim (Ms) Marketing Manager

Global Network Unlimited Pte Ltd

Tel: [phone]

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) L-3 Communications (NYSE:LLL) Honeywell (NYSE:HON) Lockheed Martin (NYSE:LMT) Raytheon (NYSE:RTN) and Ball Aerospace (NYSE: BLL) among others.

Through its Asian subsidiary, VoIUM, the company has gained an entrance into the fast growing Asian wireless market by providing wireless data streaming technologies. The company has just begun offering instant news and financial messaging services to Singapore wireless customers in affiliation with Standard and Poor's and Sing Tel. It is anticipated that this short messaging service (SMS) will be expanded to China and into other Asian markets, now that the revenue enhancement potential has been proven to the telecommunication carriers. In addition, VoIUM is pursuing opportunities to develop wireless infrastructure using a patented broadband technology in conjunction with Asian telecom companies. These technologies, beyond their significant profit potential, and in concert with the acquisition announced herein, open the door for IPFS to begin manufacturing operations in Asia as a part of its worldwide expansion plan.

Forward-Looking Statement

The foregoing, including any discussion regarding the Company's future prospects, contains certain "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 associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales to principal customers, the ability of the Company to assimilate acquired businesses and to achieve the anticipated benefits of such acquisitions, competition and technological change, the ability of the Company to control operating costs and maintain satisfactory relationships with potential vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors set forth in the Company's filings with the Securities and Exchange Commission.