VoIP, Inc., a leading
provider of turnkey Voice over Internet Protocol communications solutions,
announced that the reverse stock split of the Company’s outstanding
common stock, at a ratio of 1-for-20 shares, is effective today, August
16, 2007. In addition, the Company’s stock symbol has changed to VOIC and
will continue to trade on the OTC Bulletin Board. Under the terms of
the split, for every twenty shares of issued and outstanding common
stock, a shareholder will receive one share of common stock. No fractional
shares will be issued in connection with the reverse stock split; for
any fractional ownership, the Company will issue one whole share for any
fractional interest.

"As the Company continues to establish itself as the most innovative
player in the industry, our reverse stock split lays the foundation
whereby a broader base of shareholders can benefit from our technology
platform, comprehensive service offerings, and vision to be a leading
provider of internet-enabled communications," said Anthony J. Cataldo,
Chairman and CEO of VoIP, Inc. "Traffic over our network continues to
increase, with August revenue on track to exceed that of July."