VIPC Communications Inc. Announces New Co-operative Revenue Sharing Agreement.

Business Editors

CHENGDU, China--(BUSINESS WIRE)--April 19, 2001

In a recent major development, VIPC (OTC:VPCM) renegotiated its reciprocal co-operative agreement with Chengdu Jiabin Electronics Co. Ltd. (Jiabin), a profitable, established provider of Internet Access and low-cost Voice Over Internet Protocol (VOIP) in Mainland China.

Jiabin currently manages a monthly VOIP termination call traffic of 4,000,000 minutes to Mainland China from overseas locations.

The co-operative agreement is retroactive to January 1st, 2001 and details a new revenue/profit sharing arrangement based on integrating and expanding Jiabin's Mainland China network as well as the initial stage of establishing a presence in key locations around the world such as Moscow, New York and Hong Kong.

Through this new co-operative agreement, along with Jiabin's existing agreements with China Unicom and China Telecom, the combined VIPC/Jiabin network is expected to grow from the current call traffic total of 48 million minutes in 2000 to 304 million minutes in 2003. Revenues are expected to increase substantially from the already profitable US$3.6 million last year to a combined revenue of US$52 million for the year ending in 2003.VIPC's objective is to utilize Jiabin's infrastucture and established presence in various locations around the world to keep costs low.

Discussions are currently being held with various parties with respect to financing VIPC's international expansion and the integration and expansion of Jiabin's Mainland China network. These discussions have resulted in the recommendation that VIPC consolidate its common shares on a 2.5 old for one new basis, with the objective that VIPC will qualify for a listing on a recognized stock exchange in the future.

The Board of Directors have endorsed this recommendation and will be presenting this proposal to the company's shareholders at the annual general meeting to be held in June 2001. Additionally, the Directors have held discussions with potential candidates whose expertise in telecommunications will undoubtedly be welcome additions to the Board. Further information will be released as it becomes available.

About VIPC Communications Inc.

VIPC Communications Inc. is a United States fully registered, fully reporting, and publicly traded telecommunications company specifically focused on the VOIP (Voice Over Internet Protocol) market in the Asian Region including the People's Republic of China. The Company's objective is to utilize its existing network and future expansions to connect the vast population of Mainland China with approximately 80 million Overseas Chinese. To find out more about VIPC's business activities, go to Jiabin's website at http://www.jiabin.net/

On Behalf of the Board, Zhang Lebing President and CEO 

Disclaimer: Certain statements in this business plan constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and the Company intends that such forward-looking statements be subject to the safe harbors for such statements under such act. The forward-looking statements include the plans and objectives of management for future operations, including plans and objectives relating to the Company's planned marketing campaign, and future economic performance of the Company. For this purpose, any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements.