IPtimize has acquired the assets and operating network of National Telecom & Broadband Services, a Florida corporation including Teliphonex, their business-class VoIP hosted PBX solution. Based in West Palm Beach, Florida, the commercial VoIP business assets acquired by IPtimize serve small business and enterprise customers in multiple metropolitan areas including West Palm Beach, Miami, Orlando and Tampa, Florida. The acquisition adds approximately 1,000 customer lines served by IPtimize and adds both expanded geographic reach and an established commercial customer base to the growing VoIP business at IPtimize.

IPtimize offers a complete suite of advanced commercial voice services, including its SIP Trunking and Hosted VoIP Services to client companies and their customers. IPtimize also offers provisioning and hosted communications packages, alleviating upfront customer costs by offering the solution on a hosted basis - reducing the need for capital expenditures and making high-end provisioning options available to smaller or budget-constrained customers.

IPtimize will be offering a complete suite of advanced commercial voice services to the acquired National Telecom customers. The transition is expected to be seamless for customers. Additional enhancements and features from IPtimize will be made available to customers in the future.

Additional details of the agreement are to be included as exhibits to the Company’s Form 8-K being filed with SEC.