IP-Converge Opens Singapore IDC

Makati City, Philippines – 04 February 2008 – IP-Converge Data Center, Inc. the Information Technology and Telecommunications (IT&T) division of listed company IPVG Corp. (PSE: IP) launches its Singapore Internet data center operations this month as an integral part of the company’s regional expansion drive.

IP-Converge President and COO Reynaldo R. Huergas believes the launch of the Singapore internet data center comes at an opportune time as the market for managed data services and IT solutions this year is expected to increase further from 2007.

“The Singapore facility is the only overseas Internet data center fully-owned and operated by a Filipino company. It mirrors our Makati data center as it provides the same co-location, bandwidth and disaster-recovery services using a robust and telco-grade infrastructure,” says Huergas. “This allows us to penetrate South East Asia’s fast growing internet data center market dominated by regional and multinational companies and where demand currently outpaces supply. This gives IP-Converge a strong presence in one of Asia’s main communications and IT hubs.”

The acquisition is IP-Converge’s first outside of the Philippines and is the second point of presence (PoP) after establishing one in Hong Kong mid-last year – completing the initial stages in IP-Converge’s region wide expansion plans. IPVG Deputy Chairman Roger Stone is optimistic the new IDC will generate additional revenue right away.

"We expect to achieve operating profitability in our Singapore IDC within nine months from the date of this acquisition, so it will soon add to IP-Converge's bottom line", says IPVG Deputy Chairman Roger Stone. "However the reasons for the acquisition are strategic too, in assisting both our E-games business and our BPO ventures" he added, "With the Singapore link and our network security project with Prolexic of the US, we will have one of the most secure network rings in Asia, and we believe a very interesting proposition for our banking, on-line games, telecommunications and aviation customers."

Rated as a Tier-3+ data center based on industry standards, the Singapore facility provides superior back-up power, air-conditioning and security features, as well as an additional 700 square meters (approximately 300 co-location racks) to IP-Converge’s current IDC space located at the RCBC Plaza in Makati City. The new IDC also gives IP-Converge an additional Internet connectivity PoP in Singapore as the company is peered with international carriers PCCW, SingTel, and StarHub. This expands IP-Converge’s IP transit capacity for customers and provides customers redundancy. The facility increases IP-Converge’s capacity to consistently provide a high level of service for all of its customers throughout the region and guarantee business continuity in the event of a disaster or any terrorist activity.

IP-Converge Senior Vice President for Sales Percival C. de los Reyes says “With the Singapore IDC in full operation, we are capable of providing server co-location services, internet connectivity and 24x7 managed services to Singapore-based clients as well as others in the Philippines and the rest of the region. In addition, the new facility is also an ideal disaster recovery site for these markets.”

About IP-Converge

IP-Converge Data Center, Inc. is an information technology and telecommunications (IT&T) company, providing local and international clientele with fully integrated, managed value-added IT services at global service-quality standards. It offers IT Outsourcing and System Integration packages to clients requiring customized IT&T solutions and its business is based upon the foundation of quality delivery, high customer satisfaction and cost-saving benefits. For more information, visit www.ip-converge.com.

About IPVG

IPVG Corp. is publicly listed on the Philippine Stock Exchange (PSE Ticket Symbol: IP) and engaged in the information technology and communications space. IPVG owns three operating subsidiaries in: (i) Information Technology and Telecommunications (IT&T); (ii) on-line gaming, and (iii) Business Process Outsourcing (BPO). For more information, visit www.ipvg.com.

Editorial contact:

Sheila Rada                           Niño Valmonte                                     Mel Dominguez

IPVG Corp.                             IP-Converge                                          Dominguez Marketing Communications Inc.

(632) 976 4788                     (632) 976 4784                                    (632) 897 7088

sheila.rada@ipvg.com           nino.valmonte@ip-converge.com         mel.dominguez@dominguez.com.ph