VOIP Inc. Names CEOVOIP Inc. Names CEO

VOIP Inc. announced the appointment of Gary Post as President and Chief Executive Officer

May 23, 2006

1 Min Read

FORT LAUDERDALE, Fla. -- VoIP, Inc. (BULLETIN BOARD: VOII) , a leading provider of Voice over Internet Protocol (VoIP) communications solutions for service providers, resellers and consumers, announced today the appointment of Gary Post as President and Chief Executive Officer. VoIP also announced the appointment of David Ahn as the Company's new VP - Corporate Planning.

The appointments coincide with the resignations of CEO Michael Adler, President Hal Bibee and CFO David Sasnett.

At the same time, the Company announced the completion of an agreement under which certain current investors will immediately provide an additional total of $2.8 million in financing to the Company.

Paul Kessler of Bristol Investment Fund, a lead investor, commented: "We believe VoIP has enormous potential. We have a lot of confidence in Gary and the team that he is building and are pleased to back them with additional financing."

Mr. Post stated: "I believe VoIP has the potential to become a leader in enabling a whole new generation of telecommunications services and am very excited about specific opportunities with several world class customers. I look forward to helping the company reach that potential."

VoIP Inc. (OTC: VOII.OB)

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