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iPhone2 Announces 1-for-3 Mandatory Forward Split

iPhone2, Inc. (OTC: IPHN) today announced that its Board of Directors authorized 1-for-3 mandatory forward split of its common stock. The forward was approved by the NASDAQ on April 21, 2006. All shareholders who have shares in brokerage accounts will have the forward applied electronically through the DTC. All shareholders who are holding certificates must send their shares to the transfer agent (Corporate Stock Transfer, Inc. 3200 Cherry Creek Drive South, Suite 430 Denver CO 80209) for re-issuance of new post-forward-split shares. The new Cusip number is 46262k200. iPhone2 will be announcing their new trading symbol Tuesday, April 25, 2006.

Charles Greenberg, iPhone2's President and CEO, stated, "The forward split of IPHN is designed to attract additional individual stockholders, reward loyal shareholders and maximize our share value going forward." Greenberg added, "The forward split will help lay the foundations for the Company's anticipated future growth."

About iPhone2, Inc.

iPhone2 is an enhanced service provider that markets a proprietary video/voice Softphone called ImagePhone. ImagePhone is the Next Generation of Internet Video/Voice communications. The Product delivers broadcast quality (30 frames per second) video to customers utilizing MPEG4 technology. iPhone2 customers can place unlimited peer-to-peer video/voice calls, as well as place PC-telephone calls from anywhere in the world using a standard broadband connection over the Company's robust, carrier grade VoIP platform.

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.

Distributed by Market Wire