PRESS RELEASE

Philippines to host RAN Online Global Tournament

Eight countries battle it out in most prestigious gaming tilt

Makati, 30 July 2008 -- IP e-Game Ventures Inc., (IP e-Games), the online gaming subsidiary of IPVG Corp. (PSE: IP) and publisher of the popular, campus-based Massively Multiplayer Online Role Playing Game (MMORPG), RAN Online, will be the host country in the upcoming RAN Global Tournament (RAN GT) to be held on  October 4, 2008 at the SMX Convention Center.

RAN GT is one of the biggest online gaming tournaments in the region held to promote the game and foster camaraderie among all RAN players from around the world. On its 2^nd year, participating countries like Thailand, Philippines, Indonesia and Malaysia – also from last year’s competition - will now compete against gamers from Korea, Vietnam, Taiwan and Hong Kong.

This will be the first staging of RAN GT in the Philippines. In last year’s competition, the Philippine contingent brought home the 1^st runner up trophy, behind Thailand.

RAN Online’s Product Manager, Lee Corbilla, notes that last year’s experience serves as a good lesson in terms of planning for game tactics and strategies.

“We now have a better understanding in executing strategies as a team. Team work and proper execution of tactics is crucial in this tournament, and with the help of the former team PH members, we do expect to win this event,” he said.

Veteran and novice gamers will have the rare opportunity of observing highly skilled RANatics show-off their talents. Aside from watching the online Player vs. Player (PvP) team competition, gamers and visitors can expect bevy of activities courtesy of e-Games.

“We’re preparing a lot of activities for our RAN players, such as a separate online tournament and live entertainment,” according to Grace Ty, IP e-Games Trade & Marketing Manager. “We want to make this event memorable not just for our local team and supporters, but to all the passionate RAN players from different countries visiting,” she adds.

Preparing for the big fight

The pressure is on for the Philippine Team as they prepare to compete with the best. The team is composed of Vincent Van Amado, Carlo Angelo Magcalas, Martin Joseph Buday and Kevin Medina, who bested other players in the Globe Tournament of Champions held nationwide.

When asked how they are gearing up for this fight, team member Vincent Van Amado remarked, “We’re taking this competition very seriously by working on our strategies and practicing everyday. We’re representing for the Philippines. And if all goes well, we will improve our standing from last year’s results.”

Ed Pasion, IP e-Games Vice President for Marketing, emphasizes the importance of this event to the RAN Online community. “It is an honor and a privilege to be given the opportunity to host the RAN Global Tournament.  The Philippines has the biggest RAN community in the world. That in itself is no small feat. We want to show why RAN Online remains to be the undisputed market leader in the MMORPG segment and this competition will help us prove it.”

About IP e-Games

IP E-Game Ventures, Inc. (IP E-Games), is a subsidiary of IPVG Corp. (PSE: IP) that operates the online gaming business unit of the company. IP E-Games has the exclusive distribution rights to the #1 MMORPG RAN Online, #1 Casual Games O2Jam and Audition, Supreme Destiny and Presidential Award recipient Korean game Granado Espada and most recently, Cabal Online. IP E-Games is ranked #1 online games publisher in the Philippines and holds the top three titles in the Philippines namely - RAN Online, #1 MMORPG plus O2Jam and Audition #1 rhythm and dance casual games, respectively. For more information log on to: www.e-games.com.ph