Bank of Shanghai Selects IPC’s VoIP-Enabled IQ/MAX

New York, Shanghai - 15 March 2007

IPC technology offers clear advantages in building state-of-the-art platform for the future to Bank of Shanghai

IPC today announced that the Bank of Shanghai (hereinafter “the Bank”) has selected IPC’s state-of-the-art, VoIP-enabled trader desktop, IQ/MAX, for the Bank’s trading floor. IPC is a leading provider of mission-critical communications solutions to global enterprises, serving financial services institutions in more than 40 countries. More than 105,000 traders around the word rely on an IPC desktop every day.

The Bank of Shanghai assessed several vendors with a view to choosing a solution that would meet the Bank’s current demands but also would be able to grow along with the Bank as it expanded its business. IPC helped the Bank of Shanghai design a platform that would allow the Bank to install top-of-the-line technologies that could also be integrated with its existing technology roadmap. The Bank wanted to give its dealing room a winning edge by installing the best technology infrastructure available, and it chose IPC’s IQ/MAX. Implementation is currently scheduled since mid March2007.

Bank of Shanghai said, “We looked for a provider who understood our business and our strategy for the future, a company that would be able to deliver a solution that would meet our current plans and assist with our planned growth. IPC gives us a competitive advantage by providing our dealers with professional technology and tools to increase productivity per bank treasury.”

Stephen Phillips, IPC Managing Director of Asia Pacific, said, “We are honored that the Bank of Shanghai shares our vision of how the trading environment will develop in China and that the Bank has put its faith in IPC innovation to keep it a leader in its field. I am sure that our direct operation in Shanghai and local expertise will serve the Bank well and will lead to a long and fruitful relationship.”

The deal with Bank of Shanghai is further evidence of IPC’s continued growth in Asia Pacific. In the last year alone, IPC opened its 9th office (NOTE: this includes Beijing) in the region and now serves more than 500 major clients in 15 cities throughout Asia, including Barclays Capital, Deutsche Bank, JPMorgan Chase, and Citigroup. IPC also now has more Asia-Pacific network locations (POPS, or Points-of-Presence) than any other provider--- 18 in total.

The VoIP-enabled IQ/MAX is the first trader desktop to be based on primary research conducted by IPC with more than 300 actual traders. IQ/MAX debuted in March 2006 and in other cities around the world throughout the year.

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