Internet Telecommunications Plc Announces First USA VoIP Contract to Carry Calls across the Atlantic.

LONDON -- Green Mountain Capital Inc (OTCBB:GMOC) reported today that its wholly owned subsidiary Internet Telecommunications Plc (IT) has signed its first commercial contract with a United States based carrier to carry telephone calls across the Atlantic to United Kingdom based mobile phone services and using its new switch facility located in London.

The contract will cater for over 24 million minutes of VoIP (Voice over Internet Protocol) traffic during the first 12-months of service, which at current rates represents an estimated $2.5 million in revenues. The potential in the second year is a doubling of its revenues to an estimated $5 million.

As part of the exploitation of IT's new switch facility in 2007, we anticipate that IT will be handling an increasing amount of VoIP traffic and carrier services with USA based carriers thanks to IT's competitive rates for access to UK and European mobile telephone services.

This contract will result in the first flow of minutes to commence in mid-late January 2007 and will include management services for VoIP and mobile call handling facilities.

IT's New switch facility located in London now offers a variety of additional value-added services for any Company located anywhere in the world. These services include Co-Location facilities, VoIP Internet Hosting, IP Bandwidth, Leased Circuit facilities, Carrier Services, Indirect Access and Management Services for customers wishing to take advantage of our excellent termination rates for calls to mobiles and fixed lines to all destinations around the world

Commenting on this latest contract, Dr. Fredrik Verkroost, Chairman of Green Mountain Capital, said "this is a second milestone in almost a week. The benefit of having our switch in service is demonstrated by the eagerness of carriers to take advantage of IT's competitive rates. This is an exciting time for the Company".

Based on our internal research we believe that IT offers one of the lowest cost routes to market and some of the most competitive rates for access to UK mobile telephones today. This gives IT that extra competitive edge around the world.

IT's facilities are now in position and offer a wide variety of services as part of our 'multi-play' one-stop shopping for any new or existing telecoms company looking for better margins in this competitive marketplace. With the planned expansion of its bandwidth from January 2007, IT is confident of being able to capture an increasing share of this market by offering its services to similar carriers based in the USA and Europe, which have a need for better margins.

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.