Released on = August 17, 2006, 5:18 am

Press Release Author = Nancy Rose Senich/YFonGlobal

Industry = Telecommunications

Press Release Summary = Carrier class service provider, YFonGlobal, announced today
that is has completed raising $1.5 million and has closed its angel funding round.
Having met initial milestones including a completed build-out of a global network of
Voice over Internet Protocol (VoIP) based carrier solutions, client commitments of
more than $2 million in annualized revenue, and the initial deployment of a consumer
platform for license to carriers through a private label program, YFonGlobal is now
targeting a new investment round with a target of $10 million to close in the fourth
quarter. Coinciding with an investment, American Management Systems (AMS) founder,
Capitol One Board Member Patrick A. Gross, and Angel investor has joined the
YFonGlobal Board of Directors.

Press Release Body = Internet media company and VoIP provider, YFonGlobal, announced
today that it has raised $1.5 million in seed funding and closed $2 million in
contract commitments. This funding, which closes its seed funding round, includes
private investors and visionaries from industries including information technology,
telecommunications, data communications and media.

"As many of us have known for some time, YFonGlobal's CEO, Marian Sabety, is an
outstanding leader who is uncanny at seeing the big picture and driving immediate
solutions to the critical issues that she finds in her way," said Lawrence A.
McLernon, McLernon, founder and CEO of LCI and YFonGlobal investor, an innovative
long distance services provider, later sold to QWEST Communications Corp., now
YFonGlobal's Chairman. "Marian's focus is on the convergence of VoIP with IP-based
media using a platform that rapidly scales. I predict that this technology will
transform the way work groups and communities will communicate, learn, and be
entertained over the Internet. I strongly believe YFonGlobal is at the right place,
at the right time, with the right team to leverage the convergence of internet
telephony and internet marketing.
Other active YFonGlobal investors include:
. Patrick A. Gross is the founder of American Management Systems, now part of CGI.
Pat serves on the Board of Directors of Capital One, Hibernia National Bank,
Computer Career Education Corporation, Mobius Management Systems, Inc. Liquidity
Services, Inc., as well as the Aspen Institute.

. John Hibbard, Telstra Global Wholesale's former Managing Director, was responsible
for the international carrier business worldwide for Australia's largest telephone
company. John is on the Executive Board of the Pacific Telecommunications Council
and was Chairman of the Australia Japan Cable.
(more)


. Thomas Hudson is the Former Chairman and CEO of Computer Network Technology
Corporation (CNT), acquired by McDATA. Tom serves on the Board of Directors of
McData, as well as Incentra, Plato Learning Software, Ciprico, and Lawson Software.

"YFonGlobal represents real forward thinking, as it leverages the exploding VoIP
market drivers with high value online collaboration applications. I view this as a
winning combination of technology, timing, and market interest, said Pat Gross.

"We are honored by the confidence placed in our team by these communications
technology industry luminaries," states Marian Sabety, CEO, YFonGlobal. "Our
technology platform is second to none for creating scalable, turn-key VoIP services
delivery platforms. Our clients can turn up and sell their own branded end-to-end
VoIP services in as little as 10 working days."


Web Site = http://www.yfonglobal.com

Contact Details = Nancy Rose Senich
Nancy Rose & Associates-Marketing & PR for High Tech/Health
7220 Old Dominion Drive
McLean, VA 22101
(703) 442-0080 office ~ (202) 262-6996 cell.