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IPVoice Communications Inc. Announces a Master Telecommunications Services Agreement with Medical Office Software Corporation

Posted on: Thursday, 26 June 2003, 06:00 CDT

DALLAS--(BUSINESS WIRE)--June 26, 2003--

IPVoice Expands Initial $500,000 Agreement to Include a Bundled

Communication Offering Marketed to over 3000 Existing Physician

Clients

IPVoice Communications, Inc. (OTCBB:IPVO)(www.ipvoice.com) today announced entering into a Master Telecommunications Services Agreement with Medical Office Software Corporation (MOS) to sell bundled communication services to MOS's over 3000 existing physician clients. IPVoice anticipates a 20% customer base penetration by year-end. IPVoice previously entered into an agreement with MOS on May 1st to deliver $500,000 in annual technical support and communication services to MOS clients. That agreement included a 10% security interest in MOS and was the first step in a strategic initiative by IPVoice to begin selling into the healthcare market.

The bundled communication service is a product of TekVoice Communications called TekFusion. IPVoice markets the TekFusion product as part of a strategic relationship between the two Companies. TekFusion is an Internet Protocol solution that includes Local Calling access, Long Distance, High Speed Internet access, VPN Services, Voicemail Conference Calling, Corporate Calling Card, Find me Roam services, E-fax on the go and a Remote access portal. IPVoice and TekVoice have previously announced efforts to combine the two companies in conjunction with a $2 million capital campaign. IPVoice currently has a security interest in TekVoice disclosed in a May 13th SEC Form 8K. IPVoice is actively marketing TekVoice services and intends to sign additional Master Telecommunication Services Agreements.

The TekFusion product is built on a technology called IPCentrex. IPCentrex promises to be the core technology enabling the next generation of communication services. IPVoice plans to be a leader in bringing IPCentrex to the forefront of the communications market. IPVoice has a number of projects underway in an effort to build a robust IPCentrex capability and accelerate market penetration. The company anticipates announcements in regard to several of these projects beginning mid-July.

About Medical Office Software Corporation (www.mosonline.com)

MOS is an eighteen-year-old corporation providing medical industry software solutions to more than 3000 Physicians primarily in the South Florida Region. The Company's flagship Administrator product is a Medical Practice Management Software Package that includes billing, accounting and electronic claims filing.

About TekVoice Communications Inc.

TekVoice (www.tekvoice.com), with over $3 million in annualized revenue, operates a Voice over Internet Protocol (VoIP) Network based out of their Miami headquarters delivering voice, data and IP Centrex services from and in the United States and to all of Latin America. TekVoice has also developed a suite of software products to manage the back office administration of IP communications.

About IPVoice Communications Inc.

IPVoice (www.ipvoice.com) is a $2 million in annual sales company, specializing in the market introduction of emerging communication technologies. IPVoice combines their own in-house product line with brand name powerhouses like Cisco Systems, Inc. (Nasdaq:CSCO) and Sun Microsystems, Inc. (Nasdaq:SUNW). Among other technology solutions, IPVoice currently markets and integrates the advanced Internet Protocol (IP) software technologies of Cisco and Sun.

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 Vergetech, Inc into IPVoice Communication, Inc business, 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 Securities and Exchange Commission filings.

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