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Dr. Fredrik Verkroost, CEO of IT Group Holdings, Inc., Featured in Exclusive Interview with RedChip Radio

LOS ANGELES, April 23, 2007 (PRIME NEWSWIRE) -- IT Group Holdings, Inc. , a telecommunications carrier/operator supplying mostly wholesale access to subscriber lines and airtime to Resellers of telecom services for business and residential subscribers, today announced that Dr. Fredrik Verkroost, the Company's CEO, was featured in an exclusive interview with RedChip Radio(tm), a radio news forum addressing general market and small-cap news. Additionally, RedChip Radio(tm) features interviews with CEOs and prominent small-cap executives.

Topics covered during the interview include the Company's year end financials and both short and long-term strategic objectives for the Company.

To hear the interview in its entirety, visit http://www.redchip.com/visibility/investor.asp?symbol=ITGL&daily=20070419&from=itgl_home_ad.

About RedChip Companies, Inc.

RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.

"Discovering Tomorrow's Blue Chips Today."(tm)

This information is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, this should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. ITGL paid RedChip Visibility $28,000 for the RedChip Visibility Research Program, which includes the RedChip Research report. RedChip Companies, Inc. is an affiliate of the Aurelius Consulting Group, Inc. IT Group Holdings Inc. is a client of the Aurelius Consulting Group, Inc. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that the Aurelius Consulting Group is an investor relations firm hired by the Company and receives a monthly fee of $8,000 for investor relations services and has received 250,000 warrants with a strike price of $0.30 and 250,000 warrants with a strike price of $0.50.

CONTACT:  RedChip Companies
          Robert Rehse
          1(800) REDCHIP ext. 111
          Robert@RedChip.com 
          info@redchip.com 
          www.RedChip.com