GoIP Global Inc. (GOIG) Management Comments on the Company Financials

NEW YORK, May 17 /PRNewswire-FirstCall/ - GoIP Global Inc. (GOIG, www.goipglobal.com and www.GO800corp.com) management updates its shareholders and comments on the company's financials published on Friday, May 14, 2010.

On May 14, 2010, the company publicized the company financials, accommodating the shareholders with a view of the company's current financial standing. In this financial report, the company declared a net loss of $478, 917 USD during the six-month period (November 1, 2009 - March 31, 2010).

Mr. Ike Sutton, the CEO of GoIP Global Inc., commented, "We are quite pleased with this relatively low loss during the period, as we expect to start generating income in July 2010 from our newly launched Go800 service. We expect to level these loses in good time, as our business expands.

We hope our followers also took a note of our Quarterly Report, as they may see what's in the store for the upcoming quarters - financially that is. Advertisers in our Go800 service, a whole new segment of the 1-800 industry, will pay a an average monthly fee of $500 per keyword. So far, we have registered over 3000 keywords, and expect to register over 10,000 by the end of 2011.

Regarding our statements, some may be confused as to why our statements follow November 1, 2009 - March 31, 2010 axis. The fact is that our company's fiscal year ends September 30, so our financials and Quarterly Reports may be seen as a six-month milestone and a Q2 report. As this is a pure technicality, we hope we haven't confused many.

We believe that our year-end financials will differ greatly from the current ones, and we can't wait to share those with the public - again, our fiscal year ends September 30. GoIP Global currently stands in a strong position in the hurting US high-tech market, and we will use our success and continue to expand."

In other news and events the company completed a series of filings over the last few days on Pink Sheets and invites its followers to review the same.

The company reminds its shareholders and followers to monitor PinkSheets.com Filing section and also our IR company web site section "PRESS RELEASES AND FILINGS" TAB http://www.minamargroup.net/ for non newsworthy corporate updates.

For any matters relating to retail investor queries or to send the company or its IR a message please click on the "INVESTOR SUPPORT" TAB, or the direct link http://www.minamargroup.net/helpdesk. In this regard, Mina Mar Group works diligently to answer and address all the pressing issues regarding its clients to the shareholders' satisfaction. MMG is in constant contact with the companies, addressing, obtaining and processing all inquiries. MMG is often one of the advisors or IR companies utilized by the issuer. Depending on the location of the issuer and management's availability, it may take up to several days to address any pressing issues. In a normal course of business and a pending transaction, the issuer may opt to remain silent in order not to lose advantage to a competitor. MMG is mindful that sometimes shareholders want answers immediately, which for the above reasons cannot be fulfilled on a timely basis.

Don't be a victim. Report a stock basher to authorities. The company is mindful that short sellers, the company competitors and stock bashers stalk small cap Pink Sheets listed companies with hidden agendas. Visit http://www.stockbasher.com/ and find out what criminal and civil actions the US authorities are taking against web sites like investorshub.com and other posters, and the remedies available to you as an individual investor. MMG encourages the readers to visit this investorshub.com blog and similar "investors" web sites with an open mind. Discover for yourself why and how USA based small businesses and the backbone of the economy suffer. Stay informed and do not allow entrepreneurs dreams, innovations, and their access to capital to be thwarted as "scalpers" and day traders vigorously day in and day out try to exploit and extinguish US innovation and progress for quick profits.

Filings for this event are currently being reviewed and will be filed with Pink Sheets and Client Support section in due course. To be included in company's email database for press releases, industry updates, and non-weekly activity in the company that may or may not be news released, please subscribe or opt in mailer at http://www.minamargroup.com/updates.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of GoIP Global Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. GoIP Global Inc. cautions you that any forward-looking information provided by or on behalf of GoIP Global Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. GoIP Global Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond GoIP Global Inc.'s control. In addition to those discussed in GoIP Global Inc.'s press releases, public filings, and statements by GoIP Global Inc.'s management, including, but not limited to, GoIP Global Inc.'s estimate of the sufficiency of its existing capital resources, GoIP Global Inc.'s ability to raise additional capital to fund future operations, GoIP Global Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match GoIP Global Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. GoIP Global Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, www.minamargroup.com

SOURCE GoIP Global, Inc.