FOR IMMEDIATE RELEASE:

CONTACT:
John Rafacz, or Sara Faiola
Faiola Davis Public Relations
Phone: (310) 248-5454
john@fdpr.com or sara@fdpr.com

SAN JOSE - Oct. 29, 2001 -InternetSpeech, a premier voice Internet technology provider, today announced that it has inked a revenue-sharing deal with ICENetworks.com, Inc., a Puerto Rico-based, Spanish/English language Internet Service Provider. Under the agreement, ICENetworks.com will provide its users with InternetSpeech’s netECHO voice Internet solution, the only technology to date that allows people to surf the entire Web using any telephone in the world.

ICENetwork.com’s customers who purchase the netECHO service will be able to access the Internet and listen to English-language Web site content beginning Oct. 29 for $24.95 per month. In first quarter 2002, InternetSpeech plans to unveil a version of netECHO that will also allow users to hear Spanish-language Web sites in Spanish.

"Today’s deal further validates netECHO as the leading voice Internet solution, and demonstrates the growing demand for voice Internet capabilities among companies in the burgeoning Internet services industry," said Dr. Emdad Khan, founder, president and CEO of InternetSpeech. "InternetSpeech is looking forward to working with ICENetworks.com, and providing its customers with a value-add service that can instantly connect them to the Internet with any mobile or land line telephone."InternetSpeech’s agreement with ICENetworks.com expands the company’s presence in the rapidly-growing Latin market. According to an April 2001 IDC Latin America study, the Internet services market in Latin America grew by 63 percent to reach nearly $2.2 billion in 2000.

"New features like netECHO helps support the growth of our client base in the San Juan area and beyond," said Ben Casado, CEO of ICENetworks.com, Inc. "Current and potential subscribers are constantly looking for ways to tap into the huge wealth of business and personal information on the Internet. Now, with netECHO, they can access everything - right from their own telephone."

About InternetSpeech:
InternetSpeech, the leader in Voice Internet, develops and markets netECHO™, the only software available that provides businesses and consumers complete anytime, anywhere voice-based telephone access to the Internet. The company's patent-pending technology can be bundled with other products, such as traditional computer-based Internet access or voice mail, and can be customized to meet individual business needs, such as employee access to Intranet sites. InternetSpeech also offers business software that automates the process of voice-enabling a company's Web site and applications in any language, furthering the development of a globally connected voice Internet.

InternetSpeech, a privately held company headquartered in San Jose, Calif., launched netECHO™ in November 2000. For more information about InternetSpeech, visit www.InternetSpeech.com, or call 1-877-312-4638.

About ICENetworks.com, Inc:
ICENetworks.com, Inc. is a Spanish and English language Internet Service Provider (ISP) based in Puerto Rico, providing businesses and individual customers with both paid and free access to the Internet, while offering online advertisers an effective way to target the free individual users. ICENetworks.com, Inc., offers individual users a simple and compelling proposition of free and unlimited Internet access as well as free e-mail and navigational tools to enhance their online experience. For advertisers, ICENetworks.com offers a powerful online direct marketing tool with features and functionality that have distinct advantages over traditional forms of online advertising. For more information about ICENetworks.com, visit www.ICENetworks.com, or call 787-764-1234.

netECHO™ is a registered trademark of InternetSpeech.