Global IP Solutions AB: Global Internet Brand Signs Agreement with GIPS

SAN FRANCISCO--()--Regulatory News:

Global IP Solutions (GIPS) announced today that it has signed an agreement with an existing US-based customer, a leading global Internet brand.

The agreement includes license and support fees.

About Global IP Solutions

Global IP Solutions (GIPS) provides best-in-class voice and video processing in IP communications. GIPS enables its customers to deliver unmatched quality, with a faster time to market and less risk than alternative solutions. GIPS serves application developers, service providers, and network equipment vendors. Its customer list includes Nortel, Oracle, Samsung, WebEx, Yahoo!, AOL and other key players in the VoIP market. The company is headquartered in San Francisco with offices in Stockholm, Boston and Hong Kong. More information at www.gipscorp.com

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Contacts

Global IP Solutions
William Scharninghausen, CFO, +1 415-397-2555
or
John Gallagher, Investor Relations, +1 415-746-1155

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