GIPS to List in Oslo

SAN FRANCISCO -- Global IP Solutions (GIPS), the leading provider of multimedia processing solutions, announced that the Oslo Stock Exchange will admit the company to a listing on Oslo Bors. The first day of trading will be no later than August 1, 2008. The company also announced that Emerick Woods has been appointed chief executive officer. Woods will build on GIPS strengths to create and execute growth strategies that will extend its leadership position into new platforms, new geographies and new markets.

"Global IP Solutions has wide recognition for providing the best quality multimedia processing for IP network applications in the industry. This listing is an important milestone for the company and we are well positioned to seize the leading share of growth in the voice and video over IP market," incoming CEO Woods said. Prior to the listing application, GIPS raised $10 million from a pre-emptive rights offering, which was oversubscribed by nearly 20 percent. "I am excited to join such an innovative company with outstanding talent and look forward to leading GIPS to success," added Woods.

Global IP Solutions