iPhone2 Announces Caribbean Campaign Through Strategic Partnership With Caribbean Media Group

iPhone2, Inc. (OTC: IPHN) today announced they have signed a Strategic Distribution Agreement with the Caribbean Media Group.

iPhone2 is a publicly traded company, which has created a proprietary video/voice Internet softphone called ImagePhone. The companies will embark on a comprehensive marketing campaign throughout the English speaking Caribbean. The Caribbean Media Group reaches large numbers of Caribbean citizens and expatriates, all of whom are excellent prospects for VoIP services. CaribbeanNetNews.com receives over 250,000 unique page views per month. Their publication Cayman Net News is the leading newspaper in the Cayman Islands. The Caribbean Media Group is a revered source of Caribbean-related information for decision makers, heads of Government and private sector leaders throughout the region.

Caribbean consumers have long been outspoken about the disparity between the rates they are charged by their incumbent phone companies compared to those of the United States or Europe. VoIP has given these consumers an alternative to these high-priced monopolies.

iPhone2's entry into the Caribbean market will give consumers a new choice. The Company's ImagePhone is software based, so consumers do not have to purchase any hardware to take advantage of iPhone2's rates, which are up to thirty percent lower than Vonage. In addition to low rates, ImagePhone users enjoy broadcast quality (30 frames per second) real time video utilizing MPEG4 technology.

iPhone2 will be marketing their ImagePhone services through a Strategic Distribution agreement signed in February with Caribbean Media Group, Inc. In accordance with the agreement, Caribbean Media Group will promote iPhone2's services in English-speaking Caribbean countries, as well as other countries with large expatriate Caribbean populations, through their newspapers, magazines, and other media channels.

"We're delighted to be working with a company as reputable as the Caribbean Media Group," said Chip Greenberg, iPhone2's President. "We anticipate our services will be readily embraced in this market," Greenberg added.

Barry Randall, Managing Editor of Caribbean Net News, said, "It's refreshing to see competition in those areas where consumers have historically been at the mercy of incumbent monopoly telephone companies."

The companies are targeting the launch of their campaign in April.

For more information, please visit www.iPhone2.com and www.caribbeannetnews.com for more information.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although iPhone2 believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be correct. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by iPhone2 or any other person that the objective and plans of iPhone2 will be achieved.

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