i2Telecom International Inc. (OTCBB: ITUI)

Dear Reader,

We recently introduced you to i2Telecom International, Inc. (OTCBB: ITUI), an innovative company using a simple device to turn your cell phone into a global communications monster with literally borderless communication possibilities. Today i2Telecom announced that it expects its 2008 revenues to grow to over $5 million from less than $1 million in 2007 (See Breaking *NEWS* below).   We're impressed with that kind of traction.

i2Telecom was featured in the industry’s top magazine, which honored it as “Product of the Year.”  
Read the news story HERE

Take a look at our full profile HERE <<<Spacer>>>

Breaking *NEWS* From i2Telecom

Press Release Source: i2Telecom International, Inc.
Monday June 23, 8:00 am ET

ATLANTA--(BUSINESS WIRE)--i2Telecom International, Inc. ("i2Telecom®") (OTCBB: ITUI), a developer of award-winning patented and innovative high-quality Voice-over-Internet Protocol ("VoIP") products and services, today announced that it expects revenues from the sale of VOIP products and related services to exceed $5 million in the year ending December 31, 2008, compared with less than $1 million in revenues during 2007.

This anticipated revenue growth will be driven by revenue-sharing and licensing agreements involving the Company’s new MyGlobalTalk™ technology. In addition, the Company may have the opportunity to realize further profits from the monetization of a portion of its growing intellectual property portfolio. The Company currently has patent applications pending related to over a dozen different additional important VoIP technologies, all of which are deployed today in the Company’s VoIP technology offerings.

The Company attributes much of the anticipated acceleration in revenue growth to its new patent-pending MyGlobalTalk™ technology, which has been met with great enthusiasm among current and prospective customers.
 

• MyGlobalTalk™ is an innovative, unique and proprietary software application developed internally by i2Telecom’s R&D team.
• MyGlobalTalk™ places Internet telephony in the hands of every cellular phone user, independent of wireless carrier technology, handset manufacturer, or the type of wireless carrier voice/data plan involved.
• Once MyGlobalTalk™ is installed on a cellular handset, users are able to call any telephone in the world directly from their cellular phones using VoIP technology, at a fraction of normal long-distance rates.
• MyGlobalTalk™ utilizes a prepaid, “pay as you go” plan structure and no long-term contract is required.
• Additionally, MyGlobalTalk™ is fully functional without requiring local access to the Internet or proximity to an Internet “hotspot.”
• MyGlobalTalk™ users also need not wait for the availability of dual-mode WiFi phones, because MyGlobalTalkTM provides the benefits of dual-mode phones at a fraction of the cost, using customers’ existing mobile handsets.
• MyGlobalTalk™ does not require carriers to participate, since users can sign-up independently for the service.

“Market response to MyGlobalTalk™ has been tremendous, and we anticipate adding a significant number of new customers in the near future,” commented Paul Arena, Chief Executive Officer of i2Telecom International, Inc. “The explosive growth in wireless service, with approximately 2.6 billion GSM users worldwide and approximately 220 million cellular users in the United States alone, has greatly expanded the opportunities to access Mobile VoIP technology. MyGlobalTalk™ allows users to conveniently make low-cost long distance calls from their cell phones to anywhere in the world.”

MyGlobalTalk™ has recently received a number of awards, including the 2007 INTERNET TELEPHONY(R) Magazine's 'Product of the Year' Award, the 'Best of Show' Award at the IT Expo East 2008, the 2007 'Product of the Year' Award by Unified Communications Magazine, and the 2007 'Product of the Year' Award by Communications Magazine. MyGlobalTalk™ was also the subject of this month’s cover story in the leading industry trade journal INTERNET TELEPHONY Magazine.

“The addition of MyGlobalTalk™ to our family of proprietary VoIP technology solutions will allow i2Telecom to deliver a unique, low-cost telephony service to businesses and consumers by combining the benefits of unparalleled mobility with VoIP technology,” continued Arena. “MyGlobalTalk™ is the first VoIP service of its kind and provides higher-level user functionality to wireless users. The VoIP market is transitioning from an ‘early adopter’ phase into a practical, dependable service offering that meets the telephony requirements of a much broader market, and we believe i2Telecom will emerge as one of the leading independent software development companies in the industry. We believe ongoing changes within the telecom industry will continue to reward innovative and nimble companies.”

“Our channel distribution response to MyGlobalTalk™ has been very enthusiastic, and negotiations on a number of revenue-sharing and licensing agreements are underway. Based upon contracts and initiatives that are already in place, we expect i2Telecom’s revenues to approach $2 million in the third quarter of 2008, or more than double the Company’s revenues for the entire year ended December 31, 2007. Revenues should approximate $3 million in the fourth quarter, resulting in full-year 2008 revenues in excess of $5 million,” concluded Arena.

About i2Telecom International, Inc.

i2Telecom International, Inc. is a developer of award-winning patented and innovative high-quality Voice-over-Internet Protocol ("VoIP") products and services that employ best-of-breed VoIP technology and use a combination of the Company's own services network and the Internet to deliver high-quality phone calls, streaming video and text chat to customers on a global scale. i2Telecom International provides its VoiceStick®, MyGlobalTalk™, Digital Portal communications and microgateway adapters for VoIP long-distance and other enhanced communication services to its subscribers. Its patent pending services technology platform is compliant with the Session Initiation Protocol ("SIP") telecommunications industry standard. For additional information visit www.i2telecom.com or www.voicestick.com or www.myglobaltalk.com or call 404-567-4750.

SAFE HARBOR Statement under the Private Securities Litigation Reform Act. With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including, but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company. Actual results and developments may differ materially from those contemplated by these statements depending on such factors as changes in general economic conditions and financial or equity markets, technological changes, and other business risk factors. i2Telecom® does not assume, and expressly disclaims, any obligation to update these forward-looking statements.

About i2Telecom

i2Telecom International, Inc. ("i2""i2Telecom""ITUI") provides high-quality international and domestic long distance calling services to subscribers at a fraction of the cost of traditional carriers by leveraging the power of the Internet. i2Telecom was founded in 2002 and is headquarterd in Roswell, GA. i2Telecom shares trade Over-the-Counter at approximately $.10 per share. ITUI has a market cap of over $22M and an enterprise value of $26M.

The patented VoiceStick™ device enables any telephone or business phone system (PBX) to access our global network and advanced routing technologies to complete most of the call over the Internet, paying only for the last leg of the connection.

MyGlobalTalk™ (U.S. Patent Pending: 60/014,324) is an Internet Gateway for Cellular Phones that obviates the need for WiFi phones and obviates the need for Internet Hotspots. Once MyGlobalTalk is installed on cellular handsets the users are able to call any telephone in the world directly from their cellular phones using VoIP technology, at a fraction of normal long-distance rates. MyGlobalTalk does not require carriers to participate and as a Global Calling Service, is as low as 2¢/minute on cell phones. MyGlobalTalk is a FREE SERVICE with NO CONTRACTS, NO MONTHLY MINIMUMS and NO CONNECTION FEES and is poised to grow rapidly as more users sign onto this low-cost and reliable service for worldwide calling.

MyGlobalTalk™ (www.myglobaltalk.com), was just awarded Internet Telephony Magazine’s “Product of the Year 2007” and Unified Communications® Magazine 2007 “Product of the Year Award”. MyGlobalTalk™ leverages i2Telecom’s® patented technology and previous Internet Telephony Magazine awards for “Product of the Year 2004” and “VoIP Service Provider of the Year 2005”. In an industry “first”, MyGlobalTalk™ places Internet telephony in the hands of every cell phone user, independent of wireless carrier technology, handset manufacturer or the type of wireless carrier voice/data plan involved. In addition, MyGlobalTalk™ is fully functional without local access to the Internet or proximity to an Internet “hotspot”. Users also need not wait for the availability of a dual-mode WiFi phone, because MyGlobalTalk™ provides the benefits of a dual-mode phone at a fraction of the cost using the customer’s existing mobile handset.

MyGlobalTalk™ itself is a patent-pending proprietary software application developed by i2Telecom International, Inc., a leader in innovative VOIP products and services. It is a new class of mobile application intended to run on the user’s cell phone and automatically route calls over i2Telecom’s VOIP network. 

Your MyGlobalTalk™ phone number follows you around the world – whether you carry the cell phone with you or you forward your MyGlobalTalk™ number to any other number in the world thru its Global Call Forwarding feature. And the best part is . . . it’s so ridiculously inexpensive! MyGlobalTalk™ allows the user to call around the world, as often as they wish, for as low a price as 2 cents per minute!

One of the unique features of MyGlobalTalk™ relates to how the service takes advantage of the particular custom features offered by specific wireless carriers. While MyGlobalTalk™ offers customers significant cost savings and is very easy to use, there are a number of carriers with certain branded features that, when coupled with MyGlobalTalk™, can substantially reduce the cost of these cellular plans. 

For example:

• T-Mobile: myFaves™ 
• Sprint: Sprint-to-Home™ 
• AllTel: myCircle™ 
• Select UK, European, Asian, S. American, and N. American (non-US) Wireless Carriers 

MyGlobalTalk™ is simple to use and, once activated, requires no further adjustments. The Download and Setup process utilizes standard SMS text messaging for acquiring the application and occurs automatically once the user completes the sign up process. The user simply signs up for the service and an SMS message is automatically sent to their cell phone along with the application download link within the body of the SMS message. 

To use the MyGlobalTalk™ service, users simply dial as normal; the MyGlobalTalk™ application determines the proper call routing based on the set-up options. In addition, MyGlobalTalk™ permits three methods of dialing: 1) Keypad, 2) Contacts, and 3) Call History. In each case, the application analyzes the number being dialed and routes it according to the user’s set up parameters. The MyGlobalTalk™ application also remembers its users, and whenever an update, new feature, or newer version of the application becomes available, the user will receive a notification on their handset with instructions on how to acquire the updates. All updates and the initial MyGlobalTalk™ mobile application are FREE and available to the users, regardless of which carrier they use as their wireless service provider.

1) MyGlobalTalk™ for

a) International Calling 
b) International & Domestic Calling 
c) All Calling 

2) MyGlobalTalk™ Presence 
3) MyGlobalTalk™ Buddy Lists 
4) MyGlobalTalk™ Friends & Family (account sharing) 
5) MyGlobalTalk™ Party Line (conferencing) 
6) MyGlobalTalk™ Hide-n-Seek (in-bound call parsing/screening) 
7) MyGlobalTalk™ Neighborhood Dialing (FREE MyGlobalTalk™ to MyGlobalTalk™ calling) 
8) MyGlobalTalk™ Speed Dials (Dial “special” numbers with a single click) 
9) MyGlobalTalk™ V-Bridge™ (Direct Dial other VoIP users e.g. Skype, GoogleTalk)
10) MyGlobalTalk™ RealTime (Real-time feedback to user on cost of call just completed)

Recent News from i2Telecom

Press Release Source: i2Telecom International, Inc.
Thursday June 5, 7:00 am ET

ATLANTA--(BUSINESS WIRE)--i2Telecom International, Inc. ("i2Telecom®") (OTCBB: ITUI), a developer of award-winning patented and innovative high-quality Voice-over-Internet Protocol ("VoIP") products and services, today announced that Xiocom Wireless, Inc., a leading global wireless broadband technology and operations company, has signed an agreement to utilize i2Telecom’s Voice over Internet Protocol (VoIP) products to supplement and expand its current service offerings to carriers and network operators worldwide.

MyGlobalTalk™, i2Telecom’s internally developed patent-pending technology, is a new and advanced mobile VoIP application that targets the wireless handset market. MyGlobalTalk™ places Internet telephony in the hands of every cellular phone user, independent of wireless carrier technology, handset manufacturer, or the type of wireless carrier voice/data plan involved. The objective is to enable mobile users to access low-cost Internet telephony communications in a completely “untethered” manner via their MyGlobalTalk™-enabled cellular phones. Once MyGlobalTalk™ software is installed on cellular handsets, users are able to call any telephone in the world directly from their cellular phones, using VoIP technology, at a fraction of normal long-distance rates. In addition, MyGlobalTalk™ is fully functional without local access to the Internet or proximity to an Internet “hotspot”. Users also need not wait for the availability of dual-mode WiFi phones, because MyGlobalTalk™ provides the benefits of dual-mode phones at a fraction of the cost using customers’ existing mobile handsets. MORE

Press Release Source: i2Telecom International, Inc.
Wednesday June 4, 7:00 am ET

ATLANTA--(BUSINESS WIRE)--i2Telecom International, Inc. ("i2Telecom®") (OTCBB: ITUI), a developer of award-winning patented and innovative high-quality Voice-over-Internet Protocol ("VoIP") products and services, today announced that its proprietary VoIP and Wireless capabilities are featured in a cover story article in the June 2008 issue of Internet Telephony® magazine. Published monthly since October 1998, Internet Telephony magazine is dedicated solely to coverage of next-generation, IP-based telecommunications, providing its readers with the best information necessary to learn about and purchase the equipment, software, and services they need to take advantage of Internet telephony.

The article, which is authored by Richard “Zippy” Grigonis, Executive Editor of IP Communications Group, is entitled “i2 Telecom Delivers the Best of VoIP and Wireless”. In addition to Mr. Grigonis’ review of the impressive features of i2Telecom’s VoiceStick® and i2Bridge® services, a substantial portion of the article is devoted to the Company’s new MyGlobalTalk™ service, which allows cellular phone users to take advantage of remarkably low “Internet rates” when placing long-distance calls on a global basis. MORE

ATLANTA, GEORGIA – June 3, 2008 -- i2Telecom International, Inc. ("i2Telecom®") (OTCBB: ITUI), a developer of award-winning patented and innovative high-quality Voice-over-Internet Protocol ("VoIP") products and services, today announced that it has sold a selected patent, along with certain patent applications, to Sinon Data LLC for $6.5 million in cash.  The patent, along with the certain patent applications sold, relate to i2Telecom International, Inc.’s Voice Service Access Module (“VSAM”), which is marketed under the VoiceStick® label.

i2Telecom International, Inc. retains a non-exclusive license without geographic limitation under the patents for the VSAM.  The transaction closed on May 30, 2008.

The VoiceStick® product is a plug-and-play, portable key chain-sized device that inserts directly into the USB port of desktop or notebook computers, PDAs, and certain smart devices.  The VoiceStick® instantly allows the user to make domestic and international long distance calls via the Internet, with the use of an included headset.  Once the VoiceStick® is inserted into a USB port, a dial pad display enables the user to call any telephone in the world directly from the computer, using VoIP technology at a fraction of normal long-distance rates. 

“Selling this patent represents an initial step towards the validation of the underlying value of our intellectual property portfolio and other patent-pending technology,” stated Paul Arena, Chairman and Chief Executive Officer of i2Telecom International, Inc.  “We will continue to offer user-friendly VoIP services through our exciting VoiceStick® and MyGlobalTalk™ offerings, which enable users to make calls anywhere in the world over the i2Telecom network on a very cost-effective basis.”  More information is available at www.voicestick.com and www.myglobaltalk.com.
About i2Telecom International, Inc. MORE
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Management at i2Telecom

Paul R. Arena, Chairman and Chief Executive Officer

Mr. Arena has served as Chief Executive Officer, Chairman of the Board and Secretary of the Company since February 2004. Furthermore, Mr. Arena has served as President of the Company from September 2004 to April 2005 and from November 2005 to present. Mr. Arena was the founder of i2 Telecom and has served as Chairman of the Board and Chief Executive Officer of the Company’s subsidiary since inception in February 2002. From April 2000 to the present, Mr. Arena has been Chairman and Chief Executive Officer of AIM Group, Inc., a holding company specializing in materials for the wire and cable industry. In July 1994, Mr. Arena founded and was Chairman and CEO of Cereus Technology Partners, Inc. (“Cereus”), a publicly traded technology company (NASDAQ: SmallCap “CEUS”) which achieved a $350+ million market capitalization.  In 1998, Mr. Arena emerged with the vision to deliver a thin client information technology solution to middle market companies with sales of $50 to $500 million.  He acquired several Enterprise Resource Planning, (ERP) companies and integrated an Internet Service Provider, (ISP) to deliver the product offering.  Initially, this was referred to as a Total Service Provider and later grew to be one of the largest Application Service Providers, (ASPs) in the Southeast.  Mr. Arena served in an executive capacity with Cereus and its predecessor companies, including Chairman and Chief Executive Officer, from May 1991 to April 2000.  From June 1990 to May 1991, Mr. Arena was a financial business consultant. From February 1988 to January 1990, he served as a Senior Vice President and partner of Gulfstream Financial Associates, Inc., a subsidiary of the Kemper Group. 

Through Mr. Arena’s entrepreneurial efforts he performed various corporate finance, syndication and distribution functions which participated in the successful completion of over $2 billion of combined financings during his career.  Some of these ventures included such technology as; cable television, conversion of black and white motion picture films into color, mercury detection device for drilling rigs, ATM debit cards, color video telephones, color fax transmissions and; various types of manufacturing, commercial real estate for hotels and shopping centers; and multi-family housing projects.  Mr. Arena was also a Financial Advisor to one of the World’s largest paper recycling facilities.

Mark Hewitt, Chief Strategic Officer

Mr. Hewitt was appointed Chief Strategic Officer in October 2007 and has served has been a member of the Company’s advisory board since December 2005.  He is a partner with EcoSystem Partners and Nextbend.  He has over 26 years of experience in the communications and entertainment technologies.  Mr. Hewitt provides in depth technological guidance for these companies as well as many other companies in the communications industry.

Mr. Hewitt started his career in Alaska with the creation of the paging network, which was later acquired by Craig McCaw.  He was then elected Chairman of the Public Utilities Board to help rebuild the utility systems and the telephone, electric, water, sewer, and steam/hot water utilities. He later joined Motorola Communications where he first worked on the design of the trunk radio system (core to the Nextel system), the ARDIS Network (core to the Blackberry system), and finally the IRIDIUM system in the areas of ground segment support and network design. He later joined Sterling Cellular where he led overall program management, engineering, site selection, market development, and regulatory areas.

Later, Mr. Hewitt joined Frontier Communications as Sr. Director, Engineering and Product Development where he led technology in the emerging IP systems field.  Global Crossing later acquired Frontier. Mr. Hewitt then joined I-Link as Sr. Vice President of Business Development and Product Marketing.  There he launched the first softswitch/IAD in the United States .  The associated service became the first national broadband voice network in the United States .  He received numerous product of the year awards that were instrumental in increasing the shareholder’s value more than ten fold to $800+ million. Following the successful venture with I-Link, Mr. Hewitt has operated as CTO at a number of communications, portal, and entertainment device companies.  He is well known in the industry as a visionary and a technology guru.

Mr. Hewitt has degrees from the University of Alaska in Electronics Engineering, Business Administration, and Police Administration.  He has been a member of the City Council, the FNSB Emergency Management Team, and the Governor’s Telecommunications Task Force in Alaska .

Larry Stessel, Chief Marketing Officer

Mr. Stessel was appointed Chief Marketing Officer in May 2007 and has been acting in that capacity since November 2006. During his tenure with Sony Music from 1975 to 1991, Mr. Stessel was the executive responsible for the marketing strategies for Michael Jackson (including Thriller, the biggest selling album of all time), Babyface, Gloria Estefan, Celine Dion, Charlie Daniels Band, Pearl Jam, Stevie Ray Vaughan, Luther Vandross and numerous others.  As Senior VP/Marketing for Epic Records, Mr. Stessel oversaw and directed all marketing and advertising campaigns, music video production, touring and media relations for that label’s U.S. operations.  Subsequently Senior VP/International Marketing for Sony Music, he was responsible for implementing all strategic marketing plans for the international market as it related to U.S. based artists.

As General Manager and Senior VP of Mercury Records from 1992 to 1994, Mr. Stessel oversaw the development of seven new platinum artists including Vanessa Williams, Black Sheep, Rusted Root, Billy Ray Cyrus and The Mighty Mighty Bosstones. He also initiated marketing campaigns with third party companies such as MasterCard, Discover Card, The National Football League and the Playboy Media Corporation.  As General Manager and Senior VP of EMI Records from 1994 to 1996, Mr. Stessel oversaw all of the activities of the marketing, sales, promotion, media relations, creative services, artist development, touring and video production departments. 

As President of Alliance Entertainment’s Independent National Distribution (INDI) from 1996 to 1998, Mr. Stessel directed all aspects of the company from label development and acquisition to sales campaigns and marketing operations. In 1997, Mr. Stessel founded Trillium Entertainment, an independent marketing and consulting company emphasizing strategic marketing campaigns, business plans, event marketing and corporate sponsorship opportunities for recording artists, start-up entertainment ventures, independent music labels, Internet companies and others entertainment driven businesses. Mr. Stessel is an associate member of the National Association of Recording Arts and Sciences (NARAS) and a voting member of the Country Music Association (CMA).  He received his Bachelor of Science degree from the University of Florida in 1975.

Phillip C. Rapp, Managing Director – Business Development

Mr. Rapp joined the Company as Managing Director – Business Development in October 2007. During the past 30 years, Mr. Rapp has been engaged in senior executive positions in the financial services industry.  Most recently from May 2002 through September 2007, Mr. Rapp was head of institutional trading for Labranche & Co., the New York Stock Exchange’s largest specialist firm.  Prior thereto, from June 1996 to March 2002, Mr. Rapp was employed in a similar capacity for Knight Securities and from April 1993 to May 1996, Mr. Rapp was in Broker Dealer sales at D.E. Shaw, a multi-billion dollar asset management company.  Mr. Rapp has extensive experience developing real estate and computer related technologies.
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Financial Highlights For i2Telecom

To Contact i2Telecom

Corporate Headquarters
5070 Old Ellis Pointe, Suite 110, Roswell, GA 30076 - (404) 567-4750

Media Contact
Ronnie Welch or Kelly Cinelli 
CWR & Partners, LLP - (508) 222-4802 - press@i2telecom.com

Investor Contact
Alan Sheinwald
Alliance Advisors - (914) 669-0222 - investor@i2telecom.com

Web Site: http://www.i2telecom.com

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