The Fort Global City, Taguig -- 26 February 2008 -- Wanna Play?

This is how IP E-Game Ventures, Inc. (IP E-Games), the online gaming subsidiary of IPVG Corp. (PSE: IP) and GMA New Media, Inc. (GMA-NMI), the digital media arm of GMA Network, Inc. (PSE: GMA7), will entice its audience as they formally announce today I-Play, Inc., the companies` newest joint venture that is keen on revamping online casual gaming to even greater heights.

Staging at the hip-happening Embassy at The Fort, I-Play will focus on designing, operating and maintaining casual online gaming and casual online gaming-related portals.

The P800M joint venture also aims at evolving and promoting casual online gaming and its digital content development, especially with the convergence of traditional and digital media through IP E-Games and GMA-NMI. I-Play, Inc. will be equally owned by IP E-Games and GMA-NMI, with each party having a 50% stake in the company.

"GMA-NMI`s unique position of being both a media company and a technology company will certainly be played to the hilt in this partnership," said Judd Gallares, President of GMA-NMI. "In combining the creativity and speed of digital with the broad reach and appeal of traditional, we`ll be breaking new paths in gaming," he said.

Gallares furthers that although the company is looking keenly at both casual and hardcore gaming, he believes that starting off with casual gaming aligns ideally to the strategic strengths of GMA with its strong merchandising assets and their already wide audience base. "With the same vision and core values as IP E-Games`, we`re confident that we are on our way."

IPVG CEO Enrique Gonzalez agrees. "Our partnership with GMA-NMI will allow us to take casual gaming and online gaming mainstream," he said. "And it`s not just about marketing and game publishing – I believe that together, we can look at unique opportunities in creating purely localized casual games based on local IP assets and locally produced story lines."

Both GMA-NMI and IP E-Games see that the future of online gaming in the Philippines lies in the casual gaming segment because it appeals to a much broader audience base.

Wanna I-Play?
 
I-Play is just one of many initiatives in GMA-NMI`s Grand Digital Plan. This partnership follows the unprecedented success of GMA`s own news website, GMANews.tv, as well as that of Pep.ph, the Philippines` leading entertainment website co-owned by GMA-NMI and Summit Media.

Meanwhile IP E-Games, the biggest advocate of the Free to Play model in the country, currently has 2 online casual games in its roster – Audition Dance Battle and O2Jam.

One of the gaming distributor`s most exciting business innovations is content localization. A prime example of content localization is the integration of local talents in the highly popular rhythm casual game O2Jam. By hitting certain keys on the right beat, gamers can play the game to the tune of their favorite songs from popular local artists such as Hilera, Sugarfree, Urbandub, Slapshock and Sandwich.

"This partnership symbolizes the convergence of traditional media with new media, highlights the role of online gaming as a unique environment and a new medium for Internet users across the Philippines.  Expect great things to come from I-Play," closes Gonzalez.

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About GMA New Media, Inc.

GMA New Media, Inc. (GMA-NMI) is the digital media arm of GMA Network, Inc. Since its inception in 2000, it has launched category-breaking projects in multiple platforms, including mobile, Internet, and digital TV. It owns the leading celebrity mobile phone portal, Fanatxt, and powers all the SMS-TV campaigns of GMA. It was the first to introduce interactive chat and gaming in Philippine television. Among its most recognized innovations are the first landline telegaming segment called PLDT Playtym and the first made-for-TV interactive game show, Txters V. It has a major stake in some of the Philippines’ most successful online properties such as GMANews.tv and Pep.ph. On the broadcast side, it produces breakthrough real-time special effects for GMA. Anticipating the changing media landscape on a global scale, NMI is venturing into digital TV through its Internet TV and Internet Protocol TV (IPTV) offerings, which will allow global audiences not only to access GMA content but also to customize it to their liking. For more information, go to www.gmanmi.com

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. 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. IP E-GAMES strategic minority investors include the Philippine Star Group, and E-Store Exchange (an affiliate of GMA7). For more information log on to: www.e-games.com.ph

 

Makati City, Philippines -- 19 February 2008 -- Publicly-listed IT company IPVG Corp. (PSE: IP) today announced that it has entered into a Stock Purchase Agreement with the shareholders of MegaMobile, Inc., a local mobile technology provider and content developer.
 
IPVG has agreed to acquire 70% of the outstanding capital stock of MegaMobile for a total acquisition cost of P6.4M.   IPVG plans to augment this investment further by infusing additional capital of an undisclosed amount to strengthen MegaMobile’s content pipeline, marketing programs and infrastructure.
 
Chief Executive Officer of IPVG Corp. Enrique Y. Gonzalez said, "IPVG`s investment into MegaMobile marks our entry into the mobile content and value-added services (VAS) sector. This is an extremely exciting space given the Philippines` 55M subscribers base and high demand for mobile content. MegaMobile gives IPVG an existing platform with strong developmental capabilities. This coupled with IPVG`s infrastructure, communities and funding will make us a formidable player in this space. Expect allot of exciting products as a result of this partnership."
 
The acquisition is still subject to legal and financial due diligence on MegaMobile and for approval by IPVG’s Board of Directors.
 
Breaking New Ground
 
The MegaMobile transaction signifies another milestone for IPVG, as it enters the dynamic and highly competitive mobile services arena. The newly acquired company is known for creating new and compelling wireless platforms and technologies. Its addition to the conglomerate’s current lines of business creates a new product that will form a synergy among its communications, outsourcing and online gaming operations, thus enabling the subsidiaries to reach out to its huge customer base and strategic distribution network. From its corporate headquarters in the Philippines, IPVG has established presence in Singapore, Hong Kong, Vietnam, India, Panama, United Kingdom and USA.  
 
MegaMobile represents IPVG’s fifth investment (through acquisition and signed binding agreement) in a span of only one year following: Globalstride Holdings, Inc. (call center facilities in the Philippines); IP-Converge Pte Ltd. (Singapore based IDC); Prolexic Technologies, Inc. (internet security provider with operations in the US, EMEA and Asia) and Interactive Teleservices Corporation (a US-based contact center with facilities in the US, Panama and the Philippines).
 
 
About IPVG
 
IPVG is publicly listed on the Philippine Stock Exchange (PSE Ticker Symbol: IP) and engaged in the information technology and communications space in South East Asia. IPVG owns three operating subsidiaries in: (i) Information Technology and Telecommunications (IT&T); (ii) on-line gaming, and (iii) Business Process Outsourcing (BPO) with presence in the Philippines, Singapore, Hong Kong, Vietnam, India, Panama, United Kingdom and USA.   
 

MANILA, PHILIPPINES – 12 February 2008 – Publicly-listed IT company IPVG Corp. (PSE: IP) today announced it had completed the acquisition of Prolexic Technologies Inc. (Prolexic), a United States-based managed security service provider of distributed denial of service (DDOS) mitigation solutions. The acquisition represents IPVG’s roadmap of growing the company in key areas in the IP domain and global market. IPVG now offers a unique DDoS protection value proposition for customers of all industries, worldwide. 

"Our investment in Prolexic gives IPVG ownership of a propriety platform for DDoS mitigation which has a global application. Prolexic has established itself as a clear leader in DDoS mitigation, and combining this with IPVG`s data center infrastructure, and access to new markets will translate to a unique offering for our target customers around the world.

DDoS attacks have increased in size and frequency by more than 200% over the last 12-months. The continued growth of the internet translates to sustained demand for secure hosting environments and internet security services. With Prolexic, we can make the internet a safer place,” said Enrique Y. Gonzalez, CEO of IPVG Corp.

“Prolexic has led the DDoS mitigation sector for many years,” said Keith Laslop, Prolexic president. “We were the first to offer DDoS scrubbing centers in all major global regions. We have combined the industry’s most advanced and sophisticated, mitigation technology with the world’s largest dedicated DDoS mitigation network. Joining forces with an aggressive company such as IPVG will allow Prolexic to extend its market leadership worldwide in the continuing arms race against DDoS attackers.”

Worldwide DDOS Market Threat
A DDoS attack occurs when a network or web service is rendered unavailable or inaccessible to its intended legitimate users, either temporarily or permanently, usually by flooding the target system with high volumes of traffic. Perpetrators of DDoS attacks typically target sites or services hosted by high-profile institutions such as those from the financial services sector, payment gateways, government sites, websites of major corporations, and entertainment sites, and the media.

According to the Computer Security Institute there are as many as 10,000 DDoS attacks occurring worldwide each day– the size of which go beyond 10 Gbps at times– and the likelihood of an organization experiencing an attack is growing. Without any warning, websites and web applications can be taken down, cutting off customers, partners and suppliers. The FBI/Computer Security Institute 2007 study indicated that the loss of revenue attributed to DDoS in just an hour can be $90,000 for a sales catalog company to $6,450,000 for a retail brokerage

Prolexic has Global Security Operations Centers in Europe, US, and Asia that are able to respond to security attacks within minutes of a DDOS attack. IP-Converge Data Center Inc., the data center subsidiary of IPVG, have worked with Prolexic to defend its customers against DDoS attacks for the past 2 years. The size of the attacks have ranged from 100Mbps to over 21Gbps and, if not prevented, would have cost millions of dollars in revenues and lost business opportunities.

In its July 2007 Zombie Report ( http://prolexic.com/zr/zombie_july_2007.pdf), Prolexic noted that Cyber criminals target organizations for financial gain, competitive advantage, corporate sabotage or ideological opposition. Their methods get more sophisticated, and more powerful, as businesses increase their security. The Cyber criminals are determined and clever at targeting organizations and devising new attack strategies, it is truly a war of attrition.

About Prolexic
Prolexic Technologies provides cutting edge solutions that protect Internet operations from the debilitating service disruptions caused by DDoS attacks. Prolexic’s patent-pending Clean Pipe Virtual Transport® network offers solutions that keep its clients’ internet-facing infrastructures free of DDoS traffic. Without making major adjustments or multimillion-dollar investments in their existing hardware infrastructures, Prolexic’s customers rest assured that their network borders are secure and can thus focus on what is really important: their businesses. More information about Prolexic is available at www.prolexic.com

About IPVG
IPVG (www.IPVG.com) is publicly listed on the Philippine Stock Exchange (PSE Ticker Symbol: IP) and engaged in the information technology and communications space in South East Asia. IPVG owns three operating subsidiaries in: (i) Information Technology and Telecommunications (IT&T); (ii) on-line gaming, and (iii) Business Process Outsourcing (BPO) with presence in the Philippines, Singapore, Vietnam, Hong Kong and India.


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For further inquiries, contact:
Investor Relations:                         Corporate Communications:
Antonio Garcia                               Sheila Rada
IPVG Corp.                                    IPVG Corp.
Tel – (632) 976 4784                     Tel – (632) 976 4788
Email – tonio.garcia@ipvg.com         Email – sheila.rada@ipvg.com