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Global IP Solutions AB: Argela, Turkey Signs Mobile Agreement with GIPS

Global IP Solutions (GIPS)(OSE:GIPS) announced today that it has signed an agreement with Argela a Turkish-based company wholly owned by Turk Telekom. Argela provides telecom operators with turn-key next generation solutions and is headquartered in Istanbul, Turkey.

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The agreement includes platform, professional service fees and royalties.

About Global IP Solutions

Global IP Solutions (GIPS) provides best-in-class voice and video processing in IP communications. GIPS enables its customers to deliver unmatched quality, with a faster time to market and less risk than alternative solutions. GIPS serves application developers, service providers, and network equipment vendors. Its customer list includes Nortel, Oracle, Samsung, WebEx, Yahoo!, AOL and other key players in the VoIP market. The company is headquartered in San Francisco with offices in Stockholm, Boston and Hong Kong. More information at http://www.gipscorp.com