BOCA RATON, Fla., Jan. 11 /PRNewswire-FirstCall/ -- iPhone2, Inc. (OTC Pink Sheets: IPHN), a publicly traded company that has created a proprietary Video and Voice Internet soft-phone called ImagePhone2(TM), today announced they have signed a distribution agreement with Exit Reality Consultants. The Company estimates this agreement is worth over $11,940,000 in projected revenue over the next year. The Company's product, called ImagePhone2, is the Next Generation of Internet based Video and Voice Communications. Utilizing its robust redundant carrier grade platform, iPhone2's customers can originate and receive Video and Voice calls both on and off the Internet anywhere in the world utilizing their desktop or laptop computer with a standard broadband connection. iPhone2 has achieved over 2,000,000 downloads of ImagePhone2 since coming out of beta testing in September. iPhone2 is developing a unique Premium Program for Exit customers to help develop customer loyalty and retention. Exit is an innovative international realty company who is redefining real estate, with over 20,000 agents worldwide. They will give customers a pair of iPhone2's "Gimme Five's" product with three months' service as a housewarming gift at their closings. Exit will start the program this month with their Brandon, FL office, and then expand throughout the Company. "We're extremely excited to have Exit as our partner in promoting ImagePhone2," said Chip Greenberg, iPhone2's President and CEO. "This will allow us to distribute Gimme Five to over 200,000 households annually, calculated on only 5 sales per year by each of Exit's 20,000 agents." "This distribution agreement should generate $11,940,000 in sales revenues based on 20,000 agents offering the housewarming gift to only five customers each in the next year," said Greenberg. This contract opens an exciting new market for the Company's products and services. "We are already in discussions with other national real estate companies and similar type businesses," Greenberg stated. James. D. Selvey, CIPS Broker/Owner of the Brandon franchise for Exit, said, "We're truly excited to be partnering with such a cutting edge company." "We hope every Exit customer will enjoy their special iPhone2 House Warming Gift." For more information, please visit http://www.iphone2.com/ . Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although iPhone2 believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion should not be regarded as a representation by iPhone2 or any other person that the objective and plans of iPhone2 will be achieved. DATASOURCE: iPhone2, Inc., CONTACT: John Buffet, iPhone2, Inc., +1-561-862-5940, or Web site: http://www.iphone2.com/

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