September 11, 2006 at 08:00 AM EDT
i2Telecom Announces Trusted Computing Integration Plans; Relationship to Enable Launch of VoIP Services Authenticated by a Security Chip and Wave Software

i2Telecom International, Inc. (OTCBB: ITUI), announced a letter of intent with Wave Systems Corp. (NASDAQ: WAVX) setting forth plans to bring added security and a more seamless calling experience to the growing number of subscribers to its ultra-portable, high-quality Voice-over Internet Protocol (VoIP) service. The plans are subject to completion of integration and development work and the negotiation of definitive documentation.

The plan calls for i2Telecom to enable its product offerings for authentication via a Trusted Platform Module (TPM), a security chip installed on the motherboard of millions of PCs shipping today. Wave Systems would promote the hardened i2Telecom VoIP service as part of its third-party services program for the EMBASSY(R) Trust Suite software (ETS), which assists users in managing the Trusted Platform Modules on their PCs, and providing features such as automatic storage and recall of passwords and logon information.

i2Telecom will attempt to become the first publicly available VoIP service to take advantage of the added convenience and security of integrating its service with a TPM. Users of i2Telecom's proprietary technology -- which uses a combination of its own network and the Internet to deliver high-quality phone calls and other applications -- would be able to make calls without the intrusion of entering passwords or login information. Subscribers would also have added assurances against account theft and security compromises.

"For the power user of integrated VoIP telephony, we plan to make accessing landline phones, or making calls to another PC more seamless and secure," said Paul Arena, Chairman and CEO of i2Telecom. "We're excited about the prospect of bringing the i2Telecom voice platform to corporations and consumers alike by leveraging the benefits of the TPM and the expanding services platform enabled by Wave's EMBASSY Trust Suite."

"Wave is proud to help pioneers like i2Telecom take advantage the new Trusted Computing environment," observed Steven Sprague, President and CEO of Wave Systems. "It's our hope that i2Telecom will showcase the kind of enhanced relationship Web service providers can forge with their customers -- where ease of use and a higher level of security go hand in hand."

Under the plan, Wave's subsidiary Wavexpress, Inc. would provide the back-office systems for enabling new subscribers of this product. Details of the project remain subject to the negotiation and execution of a definitive development agreement.

Wave's EMBASSY software leverages the open standards specified by the Trusted Computing Group, an industry standards body (TCG) www.trustedcomputinggroup.org. The computer industry has shipped tens of millions of PCs embedded with Trusted Platform Module chips. Wave's EMBASSY technology provides a broad range of features, including network policy management, data protection, password protection, strong authentication--including machine, biometric and smart card authentication of a user's personal computer to a server--and encrypted email.

About Wave Systems

Wave Systems solves the most critical security problems for enterprises and government with software solutions that are trustworthy, reliable, easy to use, and offer a speedy return on investment. Wave's trusted computing software solutions include strong authentication, data protection, advanced password management and enterprise-wide trust management services. For more information about Wave, visit http://www.wave.com.

About i2Telecom International

i2Telecom International, Inc. (OTCBB: ITUI) is a pioneer in ultra-portable high quality Voice-over Internet Protocol (VoIP) products and services employing best-of-breed VoIP technology. The Company has operations in Atlanta, Georgia and Redwood City, California, controls its own proprietary and patent-pending technology, and uses a combination of its own network and the Internet to deliver high-quality phone calls and other applications. i2Telecom International provides VoiceStick(TM), InternetTalker(R), Digital Communications Portal communications and microgateway adapters for VoIP long-distance streaming video, text chat and other enhanced communication services to subscribers. Its proprietary technology platform is compliant with the Session Initiation Protocol ("SIP") telecommunications industry standard. i2Telecom International's revenue model includes recurring monthly subscriptions and prepaid services, as well as revenue from the sale of its integrated access devices, call minute termination fees and royalties from original equipment manufacturers. For additional information visit http://www.i2telecom.com or http://www.voicestick.com or call 877-731-6800.

SAFE HARBOR Statement Under the Private Securities Litigation Reform Act. With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including, but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company. Actual results and developments may differ materially from those contemplated by these statements depending on such factors as changes in general economic conditions and financial or equity markets, technological changes, the ability of the parties to reach agreement with respect to or otherwise implement the plans described herein and other business risk factors. i2Telecom(R) and Wave do not assume, and expressly disclaim, any obligation to update these forward-looking statements.

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