i2Telecom Expects 2008 Revenues to More Than Quintuple to Over $5 Million

i2Telecom expects revenues from the sale of VOIP products and related services to exceed $5 million in the year ending December 31, 2008, compared with less than $1 million in revenues during 2007. This anticipated revenue growth will be driven by revenue-sharing and licensing agreements involving the Company’s new MyGlobalTalk technology. In addition, the Company may have the opportunity to realize further profits from the monetization of a portion of its growing intellectual property portf