Metro Manila, December 4, 2009 - LINQ Information Entertainment Quadrant Corp. (LINQ), a private equity group focusing on strategic investments and strategic alliances and collaboration in the New Media, Digital Media, and Emerging Media space in the Asia-Pacific region, has acquired majority of the entire issued share capital of Mega Mobile Inc. (MegaMobile), the mobile communications subsidiary of publicly listed IT company IPVG Corp. (PSE: IP).

Under the agreement, newly issued shares will be acquired by LINQ representing thirty percent (30%) of the outstanding shares of MegaMobile, plus a further forty percent (40%) of the company acquired from the original shareholders (post infusion) by way of secondary purchase.

The principal shareholders in this transaction are IPVG and the original shareholders of MegaMobile. Upon completion of the said transaction, the shareholding pattern of MegaMobile would be 70% for LINQ and 30% for MegaMobile’s original shareholders.

MegaMobile is a fast growing Mobile value-added services (VAS) enabler and aggregator with its own unified access code across all the mobile carriers in the Philippines.  The company is focused on delivering compelling content and innovative applications to mobile communities. MegaMobile successfully earned strategic partnerships with well known content owners and media companies by providing revolutionary services.

LINQ is a private equity group in the Philippines with a presence in Singapore. Its proponents, which include the principal shareholders of the Inquirer Group of Companies and the Print Town Group, have more than two decades of investment experience and hands-on management in both traditional and non-traditional media and publishing businesses.

About IPVG Corp.:

IPVG is publicly listed on the Philippine Stock Exchange (PSE Ticker Symbol: IP). Its subsidiaries operate in the following business segments: (i) Communications (IP Services and Internet Security); (ii) Content (On-line gaming and Mobile solutions), and (iii) Business Process Outsourcing (BPO). IPVG presence is established in the Philippines,Singapore, Hong Kong, Vietnam, India, Panama,United Kingdom and USA.

For more information, visit www.ipvg.com.

About MegaMobile Inc.:

MegaMobile Inc., the mobile communications business unit of IPVG Corp., is a value-added mobile content and applications developer focused on delivering services to mobile communities. Currently, it serves mobile content and communication services to subscribers of the mobile carriers in the country.  The company is a cutting edge provider of content, messaging and mobile advertising services. MegaMobile is currently the preferred service partner of various content and community owners across several industries.

For more information, visit www.mymegamobile.com.

About LINQ Information Entertainment Quadrant Pte Ltd. :
 
LINQ is a private equity group focusing on strategic investments and strategic alliances and collaboration in the New Media, Digital Media, and Emerging Media space in the Asia-Pacific region. The proponents of LINQ have more than two decades of investment experience and hands-on management in both traditional and non-traditional media and publishing businesses.

For more information, visit www.linqcorp.net.  

Editorial Contacts:

Erica G. Cortez                 
Corporate Communications            
IPVG Corp.                    
Tel: +63 2 976 4784                
Email: erica.cortez@ipvg.com        

Justine Bonilla
Dominguez Marketing Communications, Inc.
Tel: +63 2 897 7088 / 890 3766
Email: justine.bonilla@dominguez.com.ph

Makati City, 2 December 2009 -- BTI Global Communications Japan Inc., the Tokyo-based subsidiary of one of the Philippines’ premier telecommunications companies Bayan Telecommunications Inc., announced recently that the company has signed a contract with IP Converge Data Center, Inc. (IP-Converge), the information technology and telecommunications subsidiary of publicly-listed IPVG Corp (PSE:IP), for an International Private Lease Circuit (IPLC) with bandwidth capacity of STM-4 or 620Mbps.

According to Cornelius Macalino, Managing Director, BTI Global Communications Japan Inc., this order will address the expected increase in demand for telecommunications services as Bayan Telecommunications and BTI Global aims to serve more markets not only in the Philippines but also in  Japan and other Asian cities.

“There is a huge opportunity for Bayan and BTI to address not only the domestic and Japan-Philippines market, but that of fast-growing Asian cities,” says Macalino. “IP-Converge provides a reliable solution that supports our company’s strategic initiatives, particularly their capacity on the IAC which will give us unparalleled access to major Asian markets.”

BTI Global Inc., will leverage on IP-Converge’s capacity on the IAC (Intra-Asia Cable System) for their Japan-Manila connectivity. The IAC is a 6,700 km multi-terabit cable system that connects Japan, Singapore and Hong Kong. The cable system offers the lowest latencies to these countries and connects seamlessly with existing cable systems in the Asia Pacific. Furthermore, it’s unique design bypasses earthquake zones around Taiwan, potentially eliminating the risk of cable cuts brought about by natural disasters.

“We just acquired our IAC capacity earlier this year and we are very pleased to have almost immediately addressed a large requirement for a global company such as BTI.”, says Percival C. de los Reyes, IP-Converge Senior Vice President for Managed Data Services.

IP-Converge is an internet data center operator that provides a wide array of managed data services and business solutions at international standards. IPC has the most diverse route network among internet connectivity providers in the Philippines with connections to all major cable systems in Asia with the latest being the IAC.

BTI Global was established in Tokyo, Japan as what began as a pre-paid and rechargeable phone card service giving the overseas Filipino market a voice and text messaging connection to the Philippines. BTI evolved into a provider of a full range of telecommunications services in the country. BTI’s menu of products includes “Family Ties” – unlimited  call service from Japan to Bayan phones, voice over broadband (VOB), nationwide local direct inward dial (DID) and toll-free service, international wholesale termination and transit services and private leased line services through ethernet or dedicated lines.

About BTI Global Communications Japan Inc.

BTI Global Communications Japan is a wholly owned subsidiary of Bayan Telecommunications Inc. It is a licensed telecommunications carrier in Japan authorized to provide telecommunications service both voice and data through the facilities of Bayan via Philippines.  It has interconnection with various Japanese and international carriers though it’s facilities located in 2 major data centers in Tokyo.
Bayan Telecommunications Inc., a Philippine facility-based carrier providing full range of telecommunications services. For more information, visit www.bayan.com.ph.

About IP-Converge

IP-Converge is an Information Technology & Telecommunications (IT&T) company, providing a wide array of managed data services and business solutions at international standards. An ISO 9001:2000 Certified company, IP-Converge currently operates carrier-neutral, telco-grade Internet Data Center and network facilities in the Philippines, Hong Kong, and Singapore, and provides a variety of business solutions and services to local and international enterprises.

A wholly-owned subsidiary of publicly listed IPVG Corp. (PSE: IP), the foundation of the company`s business is centered on customer satisfaction through high-quality, on time delivery and through a personalized, "boutique" approach to clients. For more information, visit www.ip-converge.com. 

Press Contact:

Niño Valmonte
Marketing Manager, IP-Converge
9764784 ext. 4213
nino.valmonte@ip-converge.com