iPhone2 to Generate $4,320,000 of Revenue in Distribution Agreement.

BOCA RATON, Fla. -- iPhone2, Inc. (Pink Sheets: IPHN), a publicly-traded company which has created a proprietary video/voice Internet softphone called ImagePhone2(TM), today announced they have signed a Strategic Partnership Agreement with Globalcom 2000 P.L. Globalcom 2000, a major European Portal Service Provider plans to distribute iPhone2's ImagePhone2 and other iPhone2 VoIP services in Belgium as well as Italy, France and Germany.

iPhone2 is an enhanced service provider marketing a unique broadcast quality (30 frames per second)proprietary video/voice (Soft-Phone) utilizing MPEG4 technology. The Company's product, called ImagePhone2, is the Next Generation of Internet Video/Voice communications. Using the Company's robust, carrier grade platform iPhone2 customers can place unlimited peer-to-peer video/voice calls, as well as place or receive voice calls from anywhere in the world using their desktop or laptop computer and a standard broadband connection. Unlike other hardware based VoIP models such as those offered by SBC (NYSE:SBC), Comcast (Nasdaqnm: CMCSA), Vonage, AT & T, CallVantage (NYSE:T), Packet 8 (NASDAQ: EGHT) and Delta Three (NASDAQ: DDDC), ImagePhone2(TM) is a software based and is not constrained by inventory, stocking or delivery issues that plague hardware-based suppliers.

Based in Brussels, Globalcom 2000 currently markets its products utilizing radio, television and other media sources throughout Europe. They have over 780,000 customers using a variety of Internet Services, and boast over 2.4 million subscribers who use their online matchmaking and dating services. "We feel iPhone2's technology and products will be groundbreaking in Europe," said Fritz Joiner, Globalcom 2000's President. "We expect they will be widely adopted in both the consumer and enterprise markets," further stated Joiner.

Chip Greenberg, iPhone2's President and CEO stated, "We're thrilled to have such a strong partner and greatly anticipate marketing iPhone2 services to Globalcom customers. Based on a conservative 3% penetration, this distribution agreement will generate $4,320,000 in annual sales."

iPhone2 is targeting lucrative international markets through a variety of channels including strategic relationships with companies such as Globalcom 2000. "Agreements such as Globalcom 2000's will greatly assist opening overseas markets," said Mr. Greenberg. "Companies like these know the local markets and culture better than we do, and will greatly speed our time to market and market penetration," Greenberg said.

iPhone2 Inc. www.iPhone2.com (Pink Sheets: IPHN) is an enhanced service provider that developed and markets a unique video/voice soft phone, ImagePhone2 (TM). The Company's service is the Next Generation of soft phone technology, allowing customers to make and receive unlimited point-to-point video/voice calls from anywhere in the world where there is Internet service. ImagePhone2(TM) was developed to be straightforward and user friendly, and is integrated into a robust carrier grade redundant VolP Platform for feature rich services and scalability. The service can be scaled to large levels with minimum personnel requirements and no constraining end-user hardware.

For more information, please visit www.iPhone2.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although iPhone2 believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be correct. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by iPhone2 or any other person that the objective and plans of iPhone2 will be achieved.