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2025'08.02.Sat
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2007'02.11.Sun
Pingo(R) Prepaid Calling Service Goes Global with Low Rates, Multiple Languages, Currencies, and Support for International Credit Cards
October 16, 2006

Growing Service from iBasis Brings Competitive Pricing on International Calling to International Markets; Reduces Calling Rates By Up to 30 Percent
    BURLINGTON, Mass., Oct. 16 /Xinhua-PRNewswire/ --
iBasis (Nasdaq: IBAS), the global VoIP company(TM), today
announced major enhancements to Pingo(R) (
http://www.pingo.com ), its online prepaid calling card
service.  Now customers around the world can purchase the
Pingo service with international credit cards, make
payments in four currencies, view Pingo rates in more than
38 other currencies, and interact with the Pingo website
and hear automated voice prompts in five languages.

    With the new features, Pingo becomes a global prepaid
calling product, bringing to international markets the same
competitive rates and convenience features that have fueled
its growth in the U.S.  Also, Pingo announced that it has
reduced calling rates to 125 countries by as much as 30
percent.  The enhancements and rate reductions make Pingo
the most competitively priced, easy-to-use service of its
kind, providing consumers in the more than 35 countries
where Pingo is available a convenient way to save money on
international calling. 

    "With Pingo, iBasis offers consumers around the
globe the highest quality and most convenient pre-paid
international calling service in the world," said Ofer
Gneezy, president and CEO of iBasis. "The world's
largest telephone providers already save money by putting
much of their international voice traffic on the iBasis
Network. With Pingo, consumers all over the world can also
directly benefit from our low-cost, high-quality VoIP
service."

    iBasis, one of the world's leading carriers of
international telephone calls, operates the most extensive
international Voice over IP (VoIP) network with direct
service to more than 100 countries and offering voice
quality equal to, and often exceeding, the traditional
phone network.  In addition to taking advantage of iBasis'
superior purchasing power to offer low calling rates, Pingo
provides easy-to-use features such as PINpass PIN-less
dialing, on-line call history reporting, automatic
recharging, which can be set by the customer, and
Refer-a-Friend program that offers Pingo customers $5
bonuses when they refer a friend who joins the service.

    New features recently added to Pingo include:

    -- Multi-lingual Website and Phone Prompts: Customers
can now select one of 
       five languages, English, Spanish, French, Chinese
and Portuguese, as 
       their default language when viewing the Pingo
website and for the 
       automated phone prompts when they use the Pingo
calling platform;

    -- Global Credit Card Processing: Residents anywhere in
the world can now 
       purchase the Pingo service with valid credit cards
or other payment 
       services such as PayPal(R). 

    -- Billing in Multiple Currencies:  Consumers can now
choose to be billed 
       for Pingo usage in U.S. Dollars, Canadian Dollars,
British Pounds or 
       Euros;

    -- Rate Listings In Multiple Currencies: Calling rates
may be viewed in 
       more than 40 different currencies, allowing
consumers to easily compare 
       Pingo's low rates to other services;

    -- Reduced rates to more than 125 destinations
worldwide. Examples of rate 
       decreases include calls from the U.S. to India,
reduced 30% to 8 cents 
       per minute; United Kingdom to Pakistan, reduced 49%
to 5.2 pence per 
       minute; Israel to the U.S., reduced 24% to .436 ILS;
and Canada to
       France Mobile, reduced 28% to .163 CAD. For a full
listing of Pingo's
       low rates, go to http://www.pingo.com .

    About Pingo

    Taking advantage of The iBasis Network, Pingo enables
consumers to realize the cost-savings of VoIP or Internet
telephony from regular fixed or mobile phones without any
need for additional hardware or software. Pingo offers
consumers high-quality long distance service on a prepaid
basis, along with a host of convenient usability features.
Pingo customers save on calls to both landline and mobile
phones in almost every country. Mobile phone users in
particular can save as much as 90 percent on international
calls by using Pingo's toll-free access and lower rates.
Pingo minutes can be purchased with credit and debit cards,
as well as PayPal, at http://www.pingo.com .  Customers can
access Pingo from toll-free and local access numbers in 35
countries, including the U.S., Australia, Canada, China,
the U.K., France, Germany, Israel, Japan, Russia, and
Thailand. 

    About iBasis

    Founded in 1996, iBasis (Nasdaq: IBAS) is one of the
world's leading wholesale carriers of international long
distance telephone calls, and a provider of retail prepaid
calling services including the Pingo(R) web-based offering
( http://www.pingo.com ) and disposable calling cards sold
by major distributors and stores across the U.S. iBasis
customers include large carriers and innovative new service
providers including AT&T, Verizon, China Mobile, China
Unicom, IDT, Qwest, Skype, Telecom Italia, Telefonica, and
Yahoo!. In 2005, the Company carried 7.8 billion minutes of
international traffic.  The iBasis Network is the most
extensive international Voice over IP network in the world,
with over 1,000 points of presence providing direct service
to more than 100 countries utilizing technology that
assures high call completion and voice quality equal to --
and often exceeding -- the PSTN. iBasis' worldwide
headquarters are in Burlington, Mass., USA. Additional
information is available at http://www.ibasis.com or by
calling (781) 505-7500.

    iBasis and Pingo are registered marks, The iBasis
Network and the global VoIP company are trademarks of
iBasis, Inc.  All other trademarks are the property of
their respective owners.

    Except for historical information, all of the
expectations, plans and assumptions contained in the
foregoing press release, including those relating to the
Company's anticipated revenue, earnings per share and
capital expenditures, constitute forward-looking statements
under Section 21E of the Securities Exchange Act of 1934 and
involve risks and uncertainties. Important factors that
could cause actual results to differ materially from such
forward-looking statements include, but are not limited to,
(i) the Company's ability to execute its business plan; (ii)
the extent of adoption of the Company's services and the
timing and amount of revenue and gross profit generated by
these services; (iii) fluctuations in the market for and
pricing of these services; (iv) the other factors described
in the Company's Quarterly Report on Form 10-Q for its most
recently completed fiscal quarter and Annual Report on Form
10-K for its most recently completed fiscal year all of
which are available at http://www.sec.gov .  Such
forward-looking statements are only as of the date they are
made, and we have no current intention to update any
forward-looking statements.

    For more information, please cotact:

     Chris Ward
     iBasis, Inc.
     Tel:   +1-781-505-7557
     Email: cward@ibasis.net
     Web:   http://www.ibasis.net 

     Marty Querzoli
     Davies Murphy Group, Inc.
     Tel:   +1-781-418-2433
     Email: ibasis@daviesmurphy.com
     Web:   http://www.daviesmurphy.com 

SOURCE  iBasis, Inc.
PR
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