Internet Telecommunications Plc ('IT') is 1St to Launch WLR With Feature Line Services to Unlock BT Stronghold.

IT and Service Providers to Gain from $600M Market

LONDON -- Green Mountain Capital Inc (OTC Bulletin Board: GMOC) reported today that Internet Telecommunications Plc ("IT") has announced to the UK press that with immediate effect it will integrate its Wholesale Line Rental ("WLR") product range with British Telecom's ("BT") Feature Line Services ("FLS") thereby making IT the first Telecom company in the UK to offer a total solution package to Service Providers.

As many B2B customers have been waiting to move away from BT Retail services due to their pricing monopoly hold within the UK market, Service Providers ("SP's") will now have the ability to offer IT's combined WLR and FLS solution package at more competitive rates to over 1.3 million business customers that currently use BT's Feature Line Services. The potential market size is estimated to be over $600 million per year.

Ever since they introduced Wholesale Line Rental Services in 2000, BT has rejected many products, especially the merging of FLS services with WLR claiming these to be incompatible. Charlie Yiasemis, President and CEO, said "this has led to SP complaints to OFCOM (UK Regulator) about the manner in which BT has made its FLS services available over the past few years. Basically, there is no reason why the two products cannot be merged as IT has now demonstrated. We will now provide customers with a competitive offering and choice."

BT Wholesale has made announcements over the last few months that their new WLR3 products are now available for testing with a few of their closest partners. It was claimed that this change would help many SP's generate new revenues and better integration for placing orders. Charlie Yiasemis comments "we believe what they really meant to say was that they will be helping their larger SP's to gain better services but reduce the number of smaller SP's to save cost to BT, as the new WLR3 product could cost SP's tens or even hundreds of thousands of pounds in conversion cost from WLR2 as a compulsory undertaking over the next couple years. So, in effect SP's are now forced to gear up by employing new staff to understand and manage the conversion before its too late to prevent losing customers and being ready on deadline day."

With BT's announcement of the new WLR3 service, IT has simultaneously announced a much easier method of handling WLR3 services with no politics, the security of better margins for SP's with more advanced value-added wholesale services, and a competitive offering for both 'large and small' SP's in the future. Once an SP contracts with IT, the SP will avoid the unnecessary future expense of converting from WLR2 to WLR3 services and will gain by adding new revenue through the integration of WLR with Feature Line Services, whilst BT's Feature Line Services remain restricted over the coming few years.

IT's announcement means that 3 of IT's major B2B Service SP's are now testing the WLR service with FLS until the end of March 2007. This unique service will then be launched and offered to existing SP's and thereafter to the new SP's on a first come, first served basis.

Aside from all the features that BT Feature Line Services have today, IT has included the following Virtual Office services to all its business customers in the UK comprising: voice-to-text, voice-to-email, text-to-voice, email-to-text, email-to-voice, follow-me services to all customers, agents, Reps and anyone out of the office. These services can be downloaded to a Blackberry and can also be retrieved 'free of charge' via the internet through a secure password protected service. The customer is free to choose.

In addition to the above Standard and Virtual Office services, the customer can have an auto-secretary or Interactive Voice Response "IVR" for anyone wishing to add menus to their services with recording facilities in their offices, saving them thousands of pounds on staff each year. These feature services can be managed by any customer over the Internet and can be changed as and when required for each customer on a 24/7 basis, thereby helping SP's add further revenue streams through the internet.

The cost of IT's offering will be up to 50% lower than BT's current Retail Feature Line Service pricing, thereby giving SP's greater margins without the obstacles and rejections typically experienced with BT.

Charlie Yiasemis - CEO of Internet Telecommunications Plc "IT" said "This is just the key we have all been waiting for! We have worked closely with our partners in the UK to supply our Service Providers with new and better value-added product offerings. It's been hard work getting there but we have been testing these services now for sometime and feel confident that this is the cream topping for our Centrex Network features and IVR Services. However, thanks to the massive response for the need to market these combined FLS and WLR services, we have had to limit the initial launch to three of our largest services providers to push as many orders and services as then can before offering them to the rest of our existing SP's. Although this is unavoidable, we have made arrangements for a waiting list and I am happy to say that most have now been put onto this list and are expected to go live sometime in the early part of New Year.

From our understanding from existing SP's, forecasts and our survey, we are expected to fulfill most orders, with better and much more improved services which exist on BT FLS services today. We will also add more choices and will help to reduce churn for SP's, while increasing sales by over 50% during 2007."

About Green Mountain Capital

Green Mountain Capital merged with Internet Telecommunications Plc of the UK ("IT") in May 2006 to become a leading global provider of telecom services. In its first full year of business, IT achieved $19.8m in revenues and $0.5m EBITDA in 2005 though its successful and seasoned management team. Green Mountain Capital is now established as a fast expanding wholesale carrier-operator supplying service providers and businesses with low cost telecommunications lines as well as competitive and high quality airtime services including voice, data, value-added services such as SMS, and carrier services such as Voice-over-Internet Protocol (VoIP).

Forward-Looking Statements 

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.