San Francisco — July 22, 2008 — Global IP Solutions (GIPS) Holding AB, the leading provider of multimedia processing solutions, is proud to announce that today its chief executive officer, Emerick Woods rang the opening bell at 9am CET as it began trading in the company’s shares on the Oslo Børs stock exchange in Norway, under the ticker GIPS.

“It is a great honor to ring the open of trading on the Oslo Børs stock exchange,” said Emerick Woods, CEO at GIPS. “We are proud to have listed our common stock and believe this milestone event provides an excellent platform on which to build long-term shareholder value.”

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 and video over IP markets. The company is headquartered in San Francisco with offices in Stockholm, Boston and Hong Kong. More information at www.gipscorp.com

ENDS