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IPVoice Communications Inc. Launches New Healthcare Service with Medical Office Software; Healthcare Subsidiary Inks Opportunity for $1 Million in Collections Sales.

Business Editors/High-Tech Writers

DALLAS--(BUSINESS WIRE)--May 11, 2004

IPVoice Communications, Inc. (OTCBB:IPVO) announced today that its subsidiary, Medical Office Software (MOS) based in Fort Lauderdale, Fla., has entered into a new agreement with Healthcare Financial Assistance, Inc. (HFA) located in Columbia, S.C., for the exclusive rights to provide healthcare collections and receivables recovery within the state of Florida. MOS is projecting that this new business relationship will result in over $1 million of collection placements before the year end 2004.

"This is just the beginning of MOS's reintroduction of its new business lines. MOS's vision is to be the recognized leader in providing flexible, integrated information solutions that enable our business partners to deliver better care and satisfaction, while achieving their desired financial and clinical results," stated Tim Reed, President of MOS.

MOS has been providing managed care services to the healthcare industry for more than twenty years. The relationship between MOS and HFA provides customers with a perfect companion product to MOS's existing practice management system. It is the first of several new product offerings that MOS will be introducing in 2004 as part of its growth plans.

"As IPVoice continues to integrate its subsidiary operations, the new strategic direction of MOS is to offer complete healthcare solutions that combine new technology products and services from IPVoice that will provide physicians with the tools they need to become more efficient and profitable," said Dan Scofield, President and Chief Operating Officer of IPVoice Communications. "These products will enhance existing customer accounts and open up new sales opportunities as we focus on expanding our presence in the managed care industry. This building on our organic growth is an integral part of IPVoice's business strategy."

About Healthcare Financial Assistance, Inc.

Healthcare Financial Assistance, Inc. (www.hfacollections.com) is a Louisiana-based company that has locations across the country. HFA has changed the way healthcare providers view pre-collection and other collection programs. HFA's innovative programs were among the first ever introduced over 13 years ago. The management team at HFA has over 30 years of experience in providing services to the healthcare industry.

About Medical Office Software

Medical Office Software (www.mosonline.com) is an eighteen-year-old corporation providing medical industry software solutions to more than 3,000 physicians primarily in the South Florida Region. Since 1984, MOS has provided flexible integrated information solutions. At over 1,500 installations nationwide, MOS professionals combine expertise in healthcare, finance, administration, information systems and customer service to provide a complete range of turnkey medical office systems. The Company's flagship Administrator product is a Medical Practice Management Software Package that includes billing, accounting and electronic claims filing.

About IPVoice Communications Inc.

IPVoice is a six-year-old company that has reported as a research and development concern for most of its history. In 2002, IPVoice launched a new business plan, which has resulted in the Company posting six consecutive profitable quarters and establishing an annualized $15 million in revenue. The Company is actively acquiring early-stage proprietary technology companies and financially distressed systems integration companies in specific global markets. In 2003, IPVoice acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (NYSE:Q). The Company recently acquired Medical Office Software Inc. diversifying its communications technology offering into the healthcare industry. RKM IT Solutions of Caracas, Venezuela was also recently acquired as IPVO's entry into the Latin American market.

This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the risks inherent in the integration of Infotel Technologies into IPVoice Communications, Inc business, the ability of IPVoice to restore and stabilize the client base of Infotel and re-establish relationships with key suppliers, the development and market acceptance of the products and services of the combined companies, demand for the telecommunication and other products and related services, domestic and foreign government spending, budgetary and trade policies, economic and political changes in the domestic and international markets where the Company competes, successful deployment of advanced technologies, competitive product and pricing pressures as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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Publication:Business Wire
Geographic Code:1USA
Date:May 11, 2004
Words:742
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