PACW PacWest Bancorp

VoIP, Inc. (OTCBB:VOII), a leading provider of Voice over Internet Protocol (VoIP) hosted communications solutions for service providers, resellers and consumers worldwide, announced today that Pac-West Telecomm, Inc. (Nasdaq:PACW), a provider of advanced communications services, that enables traditional and next-generation providers, carriers and services providers to deliver integrated communication solutions, will participate in VoIP, Inc.'s subsidiary VoiceOne Communications' Carrier Direct Program. Pac-West enables voice providers to bridge the gap between IP and TDM networks via their VoiceSource(SM) product suite. By joining VoiceOne's Carrier Direct Program, Pac-West has an additional solution to provide IP to TDM mediation service to their service provider customers. VoiceOne's Carrier Direct Program provides carriers such as Pac-West with media gateways and VoiceOne network-based softswitching functionality. Additionally, VoiceOne is purchasing Pac-West's VoiceSource(SM) services, including PSTN On Ramp and Network Database Services (NDS). VoiceSource(SM) provides VoiceOne with access to Pac-West's SuperPOP network as a bridge to interconnect VoiceOne's network with the Pac-West footprint. VoIP, Inc.'s CTO Shawn Lewis said, "Our Carrier Direct Program is a solution for carriers, such as Pac-West, that provides cost savings and an increase in functionality of IP-based services without having to invest in additional equipment. Since we own our technology, we have the ability to make changes to our softswitch quickly to support carriers' current and future product offerings." Lewis added, "The relationship in the Carrier Direct program - whereby we provide Pac-West an expansive IP to TDM mediation option with no CAPEX required, and at the same time gain access to their network is a win-win for both companies." Pac-West's President and CEO, Hank Carabelli said, "We are pleased to be working with VoIP, Inc. to continue enabling our customers to bridge the gap between their next-generation IP-based and traditional TDM-based networks. In addition, we are pleased that VoIP, Inc. has selected our VoiceSource(SM) product suite to quickly and cost-effectively expand their VoiceOne network to reach new markets throughout our Western U.S. footprint, including virtually 100 percent of California." About VoIP, Inc.'s VoiceOne Network The VoiceOne(TM) network with its nationwide presence in the U.S. and over 5,900 local access points reaches approximately 90 percent of the U.S. population. VoiceOne is a protocol agnostic network, supporting virtually any protocol including SS7, PRI, H.323, SIP, MGCP, etc. and utilizes both circuit and packet switched technology. About VoIP, Inc. VoIP, Inc. is an emerging global provider of advanced communications services utilizing Voice over Internet Protocol (VOIP) as its core technology component. Through its subsidiaries, the Company is a certified Competitive Local Exchange Carriers (CLEC) and Inter Exchange Carriers (IXC), and provides a comprehensive portfolio of advanced telecommunications technologies, enhanced services, broadband products, and fulfillment services to the VoIP industry. Customers include IXCs, CLECs, Internet Service Providers (ISPs), Cable Operators and VoIP Service Providers in the United States and various countries around the world. Leveraging its nationwide Multi-Protocol Label Switching (MPLS) VoiceOne network, and the continued deployment of advanced communications services, the Company is enabling its customers worldwide to gain entry into this emerging space with products including voice termination/origination, e911, CALEA, Broadband Voice, IP Centrex, and more. For more information on the Company, please visit the Company's web site: http://www.voipinc.com. Forward-Looking Statements Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward- looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward- looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. In this press release, our use of the words "outlook," "expect," "anticipate," "estimate," "forecast," "project," "likely," "objective," "plan," "designed," "goal," "target," and similar expressions is intended to identify forward-looking statements. While these statements represent our current judgment on what the future may hold, and we believe these judgments are reasonable, actual results may differ materially due to numerous important risk factors that are described in our Annual Report on Form 10-K for the period ended December 31, 2004, as filed with the SEC on March 30, 2005, which may be revised or supplemented in subsequent reports filed by us with the SEC. Such risk factors include, but are not limited to: our level of indebtedness; an inability to generate sufficient cash to service our indebtedness; regulatory and legal uncertainty with respect to intercarrier compensation payments received by us; the inability to expand our business as a result of the unavailability of funds to do so; the migration to broadband Internet access affecting dial-up Internet access; the loss of key executive officers could negatively impact our business prospects; an increase in our network expenses which could result if the migration of our enterprise customer base to U.S. TelePacific Corp. occurs sooner or later than contemplated; and our principal competitors for local services and potential additional competitors have advantages that may adversely affect our ability to compete with them.