Research, Report & Profiling Services by IPOdesktop.com i2 Telecom International, Inc. (ITUI.OB) Stock symbol: ITUI.OB…..……..….……….………..…..….….………………..Ave vol (3m) 573,000 Stock price 8/4/09: $.065…....…Common shares 12/31/08: 277mm (plus 94mm warrants at $.11) 52 week price range: Hi/Low $0.04 to $.19…….…....…..……Equity market capitalization: $18mm Recent News…..Stock Price…..Chart…..SEC Filings

RECENT NEWS

Completion of Debt Restructuring, Aug 3 read more

Offers Global Calling Solution in 31 Countries, July 14 read more

MyGlobalTalk Brings Affordable International Calls to the iPhone, July 1 read more

ITUI Welcomes Bruce Friedman To Board of Directors, May 11 read more

Strategic Distribution and Marketing Agreement, April 29 read more

Andy Berman Appointed Chief Executive Officer of i2Telecom, April 21 read -- includes ITUI accomplishments & more

SKYPE & i2Telecom

. Ebay’s Skype validates ITUI’s MyGlobalTalk — but Skype iPhone requires (unreliable) WiFi . Competitive advantage to ITUI based on lower price points & patent-protected technology, . Which enables worldwide carrier-quality voice independent of (a) wireless carrier technology (b) wireless carrier voice/data plan (c) handset mfg

Skype Highlights . Annual Skype revenue expected to grow to $1 billion by 2011, up from $550mm in 2008, up from 0 in 2003 . Targeting $200bb business communications market . EBay bought Skype in 2005 for $2.6 billion. ITUI has a better, patented mobile phone solution Skype News . Skype to Start IPhone Service, Extending Mobile Push (Bloomberg, March 30) read more . Skype to Launch iPhone Software to Compete More Directly With Wireless Carriers (WSJ, March 30) read more . Skype Targets Businesses to Ring Up New Revenue (WSJ, March 23) read more

RECENT MOBILE PHONE NEWS updated March 27 (1) BEST BUY Outperforms Forecasts (2) RIM Shares Up Before 4Q Report (3) Smartphone Forecasts read more

SECTOR UPDATE, March 23

. Shares in cellular companies have jumped about 40%, on average, from their November lows . Sprint's doubled from its distressed levels. Apple, Black Berry's Research In Motion, even Palm have risen a long way read more

SPECIAL SITUATION

Low market cap, patent protected, strong Smartphone market sector

IPOdesktop’s Gaskins provides ITUI overview view

Paul Arena, ITUI CEO, on CNBC (includes short Visa IPO Gaskins’ clip) view

MARKET GROWTH

Analysts predict smartphones will thrive, even in this market -- Gartner illustrates a trend toward a Smartphone-driven mobile device market read more

For example, "MyGlobalTalk™, which is part of i2Telecom, is preparing a widgets launch which will enable MyGlobalTalk™ to be used from Outlook, iGoogle or Facebook" read more

ACHIEVABLE ITUI MISSION

Be the dominant, worldwide leader providing international carrier-quality low cost mobile phone service (no echoes, no delays)

By using proprietary, patent-protected software solutions

Through direct marketing & partnering with branded leaders

VALUABLE PATENTS PUT FLOOR ON MARKET CAP

Proven ability to receive significant money for patents Sold for $6.5 million a patent and retained a non-exclusive license without geographic limitations read more

Go forward technology based in recently issued ‘most valuable patent’ . Exceeds in value the patent that i2Telecom previously sold for $6.5 million . Covers technology utilized by OEMs and communication services providers read more

Enables worldwide carrier-quality voice: independent of wireless carrier technology, wireless carrier voice/data plan, handset manufacturer

MyGlobalTalk – view . Unlike Jajah, the MyGlobalTalk user simply dials like they normally do --from their contacts, call history, key pad. . MyGlobalTalk does not change how the user normally dials their numbers--whether they be in the US or International

. Competitive grid -- higher rates, lower quality for int’l mobile calls: Jajah, Skype, Truphone, MobileTalk read more

COMPETITION Higher rates, lower quality for int’l mobile calls

Ebay’s Skype: Higher rates, lower quality, extra charge for incoming number, subscription required for data

Vonage: Higher rates, lower quality; regular phone; one year contract; requires equipment; cell phone requires monthly subscription, lower quality

TruPhone: Higher rates, lower quality, focused on iPhone, mobile rates significantly higher than ITUI’s. Seems to work best with WiFi or hotspot connections

Unlike Jajah (higher rates, lower quality) & other competitors, MyGlobalTalk users simply dial like they normally do --from their contacts, call history, key pad.

MyGlobalTalk does not change how the user normally dials their numbers--whether they be in the US or International

Competitive grid (higher rates, lower quality): Jajah, Skype, Truphone, MobileTalk read more

STRATEGIC MARKETING

Includes partnering with other telecommunication companies, both foreign and domestic, and engaging in acquisitions of strategic competitors and/or telecommunication service providers.

MyGlobalTalk CUTS COSTS, PROVIDES HIGH QUALITY

Best of 2008, Honored for Outstanding Sound Quality & Call Rates, March 11 read more

Carrier-quality voice -- independent of wireless carrier technology, voice/data plan, handset manufacturer

ITUI’s Smartphone applications work on any BlackBerry, iPhone, G1 Android, Windows Mobile, plus any cell phone plus land lines

Eliminates international calling cards with free mobile phone tools, very low international rates

Provides the benefits of a dual-mode phone at a fraction of the cost, using the customer’s existing mobile handset

Dual phone (wi-fi/GPRS and GSM or CDMA) capability for low cost international roaming

Patent-protected, unique VoIP (voice over Internet protocol) technology

SIGNIFICANT EXPECTED UPCOMING NEWS

Expect a series of significant ITUI announcements.

If you’d like to be notified or have questions email us ipodesktop@yahoo.com

ITUI HIGHLIGHTS

ITUI is the patent-protected leader in the carrier-quality, low cost long distance & international calling space

ITUI’s Smartphone applications work on any BlackBerry, iPhone, G1 Android, Windows Mobile, plus any cell phone plus land lines

Try it -- get your first 5 minutes of carrier-quality international calls FREE. Then save up to 94% on international phone calls, using ITUI’s patent-protected software...read more

ITUI DEVELOPS MOMENTUM

ITUI’s MyGlobalTalk™ Service Honored for Outstanding Sound Quality & Call Rates, March 11 read more

i2Telecom International Selected to Support Rural Broadband Initiative. [this announcement is important because it provides a reference that can be used worldwide], Feb 25 read more

PGA TOUR presence increases [update: 3 PGA professionals endorse ITUI’s MyGlobalTalk, in preparation for expanded distribution]. Feb 17 read more

Call anywhere in the world for as little as 2 cents a minute & Presidents Cup Captain & former Masters Champion Fred Couples endorses MyGlobalTalk from ITUI, Feb 9 read more

Retains Leading Intellectual Property Law Firm Vinson & Elkins to Enforce Patent, Feb 3 read more

Yet another Product of the Year award confirms ITUI’s segment leadership, Jan 28 read more

OTHER RECENT & IMPORTANT ITUI DEVELOPMENTS

Symbian Phone Users Can Now Use MyGlobalTalk. Symbian is widely used in many mobile phone devices built by Nokia, Samsung, and other mobile phone manufacturers. Jan 15, 2009 read more

Google’s Android Marketplace Now Offers i2Telecom’s MyGlobalTalk™ Application. Jan 14, 2009 read more

iPhone App Store Receives i2Telecom’s MyGlobalTalk™ Application. Jan 13, 2008 read more

ii2Telecom International’s MyGlobalTalk To Be Distributed in Apple Stores and Other Leading Electronics Retailers. Nov 24, 2008 read more

ITUI GROWTH PLAN & MARKET TRENDS

Smartphone segment: ITUI.OB is expected to dominate its defined Smartphone segment

Mobile broadband computing laptop segment: IPOdesktop believes ITUI.OB has a good chance of snaring some GSMA OEM agreements. GSMA is the global trade association representing over 700 GSM mobile phone operators across more than 215 countries.

Mobile banking & secure money transfers using ATMs: IPOdesktop believes that ITUI.OB’s mobile banking & secure money transfer patents can integrate Smartphone & mobile brandband computering with ATMs by using ITUI.OB’s own Unified Communications platform. This is another huge but related market.

Market Trends

BlackBerry, iPhone & Google’s Android Smartphone trends relatively strong

Mobile broadband are up & up

. The GSMA global trade group believes that its actions will enable operators to address what it believes is a US$50 billion opportunity in both mature and emerging markets.

. A 16-strong consortium based around leading IT and mobile companies is to create a new category of mobile broadband devices which are claimed to deliver a compelling alternative to Wi-Fi.

. The initiative is backed by Dell, Ericsson, Lenovo, Microsoft, Orange, T-Mobile, Toshiba and Vodafone among others and is being led by the GSMA trade group.

. By the end of 2011, 88% of mobile broadband users will be using either built-in 3G or WiMAX modules (30%) or external modems like USB dongles (58%), both of which can be adapted to use ITUI.OB’s services, which are protected by an extensive network of patents.

Mobile banking /secure money transfers using ATMs also projected for explosive growth.

FAVORABLE ANALYST COMMENT

"Looks like a very interesting product which has an opportunity to be financially successful for the company," said an analyst with Merriman Curhan Ford & Co. said…read more

PATENTS & AWARDS

VoIP.Biz-News.Com Names MyGlobalTalk"Product of the Year" 2008 read more

New ITUI Patent is Most Valuable Issued to Date . Exceeds in value the patent that i2Telecom previously sold for $6.5 million . Covers technology utilized by OEMs and communication services providers read more

Up to 90 Percent Savings on Mobile Phone Rates Worldwide read more

IITUI Awarded "Best of Show" at INTERNET TELEPHONY(R) Conference & EXPO West 2008, attended by over 8000 people read more

UNIQUE COMPETITIVE ADVANTAGES . Proprietary, protected valuable patented software . Available on now on almost every smartphone & cell phone, later on mobile computers . WiFi and hotspot free . ‘One step’ dialing process . Sign-up now…pay as you go MyGlobalTalk.com

ITUI EXPANDS BOARD OF DIRECTORS & ADVISORY BOARD

. Tim McGeehan Joins ITUI’s Board of Directors…read more . David Reese appointed to the board as Chairman of the Audit Committee…read more . Tom Murphy, former VP Consumer Sales at Sprint, Joins Advisory Board of ITUI…read more

TARGET MARKETS . Consumer . Small-to-medium enterprises . Large enterprises

Address: 5070 Old Ellis Pointe, Suite 110, Roswell, GA 30076 Telephone: 404-567-4750 CEO/President: Paul R. Arena Web Site: http://www.i2telecom.com/ http://MyGlobalTalk.com State or other jurisdiction of incorporation or organization: WA Transfer Agent: Continental Stock Transfer

OTHER DEVELOPMENTS

. For $6.5 million in the quarter ended June 30, 2008, ITUI sold a patent and retained a non-exclusive license without geographic limitations read more . Digital-Quality Cellular VoIP Application Available to Smartphone Users Worldwide for as Little as Two Cents Per Minute…read more

ITUI PROVIDES

. Near carrier grade quality of service . Low cost long distance calling worldwide . Broadband access via laptop with the Company’s VoiceStick® . Broadband technology; . Plug and play technology using traditional phones (including cellular) without professional installation; and . Unlimited and "Pay as You" global calling among VoiceStick® and MyGlobalTalkTM users.

INTELLECTUAL PROPERTY

. ITUI believes recently allowed patent substantially exceeds value of VoiceStick(R) patent previously sold for $6.5 million . Patent is for "dynamic transmission of packets over broadband" . Patent covers technology utilized by OEMs and communication services providers…read more

. Has pending several patent applications related to embedded software technology and methods of use. . On February 28, 2008, the Company was awarded Patent #7,336,654 from the United States Patent Trademark Office.

POTENTIAL MARKET CAPITALIZATION

From a recent Beacon Equity Research Report on ITUI, Click for full report

. "Multiplying our 2009 revenue forecast of $25 million by a 2.00x EV/Sales multiple, we derive a $50 million enterprise value target for ITUI. Excluding the value of debt of $7 million, we derive a $57 million market capitalization target. There are also potential proceeds from available warrants totaling $19 million (158.9 million warrants outstanding exercisable at $0.12/share),

"In addition to the value of ongoing operations, we believe the Company can benefit from significant inflows from patent disputes with companies that are utilizing ITUI’s technology. Over the past year, there were several important patent infringements lawsuits related to VoIP technology, which make us confident that ITUI has the potential to gain similar advantages.

"For example, AT&T alleged that Vonage wilfully infringed on an AT&T patent related to telephone systems that allow people to make VoIP calls using standard telephone devices. As a result, Vonage agreed late last year to settle the patent infringement lawsuit for $39 million. Vonage is also to pay $80 million to Sprint to settle an infringement claim involving Voice over Packet (VOP) patents held by Sprint. In addition to the Sprint deal, Vonage has settled patent disputes with Verizon for $120 million, Nortel Networks through cross-licensing of several patents and Klausner Technologies, a privately held company that specialises in voice-messaging technology, for an undisclosed amount.

"Assuming a 50% probability that ITUI can win awards of $50 million from patent infringement settlements and/or licensing royalties over the next two years and discounting these cash flows at a 15% weighted average cost of capital, we derive a value of patent infringement settlements of $22 million.

"Overall, we value ITUI at $98 million, representing the sum of core operations, IP settlement awards and proceeds from the outstanding warrants and options. Dividing this amount by 344 million fully diluted shares outstanding (185 million shares of common stock + 159 million warrants/options outstanding), we derive a $0.28 price target.

"As a result, we are initiating coverage of i2 Telecom International, Inc. with a Speculative Buy rating and a $0.28 price target. However, we strongly advise investors to consider the risk factors mentioned below since the Company faces many challenges in achieving its revenue growth

ITUI EXECUTIVE, DIRECTOR, & ADVISORY DIRECTOR TEAM…click for backgrounds

IPOdesktop (ID) SAFE HARBOR STATEMENT: Statements contained in this document, including those pertaining to estimates and related plans, potential mergers and acquisitions, estimates, growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. ID provides no assurance as to the subject company's plans or ability to effect any planned and/or proposed actions. ID has no first-hand knowledge of management and therefore cannot comment on its capabilities, intent, resources, nor experience and makes no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company or its agent and related sources believed by ID to be reliable, but ID provides no assurance, and none is given, as to the accuracy and completeness of this information.

DISCLAIMER: The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Past performance is no guarantee of future results. This report is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. ID has been compensated up eighty five hundred dollars from the company for preparation and posting of this report and other advertising services. This constitutes a conflict of interest as to ID’s ability to remain objective in its communication regarding the subject company. Analysts, principals, associates and employees of ID do not own or trade equities under coverage. For detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934 contact IPOdesktop, 11693 San Vicente Blvd., #350, Los Angeles, CA 90049. ID is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities but is a paid advertisement. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results. The opinions contained herein reflect our current judgment and are subject to change without notice. We encourage our readers to invest carefully and read the investor information available at the web sites of the U.S. Securities and Exchange Commission (SEC) at http://www.sec.gov and the National Association of Securities Dealers (NASD) at http://www.nasd.com. The NASD has published information on how to invest carefully at its web site. Readers can review all public filings by companies at the SEC's EDGAR page.