GlobalTouch Telecom Names James Maddox to CFO

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GlobalTouch Telecom Names James Maddox Chief Financial Officer

Los Angeles, CA, September 25, 2006 GlobalTouch Telecom, Inc., a leading provider of proprietary, vertically-integrated VoIP platforms, is pleased to announce today the appointment of James R. Maddox as Chief Financial Officer.

Mr. Maddox brings over twenty-five years of success as a finance professional and executive in a variety of industries. His experience spans corporate finance, venture capital, private equity, mergers and acquisitions, commercial real estate finance and mortgage backed securities. Mr. Maddox was one of GlobalTouchs co-founders and has been involved as a Director and in an advisory capacity since its inception in 2003. In his new role, he will be responsible for managing all finance activities in support of GlobalTouch Telecoms growth as the industrys only provider of a vertically integrated VoIP platform.



I am excited to have James join our team on a full-time basis. His breadth of experience gained as financial executive is invaluable, said Gregory O. Welch, CEO of GlobalTouch Telecom, Inc. James will be instrumental in ensuring GlobalTouch Telecoms continued rapid growth as a leader in providing a one-stop, single vendor VoIP solution.

Joining GlobalTouch Telecom is a fantastic opportunity, said Maddox. Having been involved with the company from the start, it is so exciting to see our vision becoming reality as our customer acquisition is rapidly accelerating. GlobalTouch is extremely well positioned to leverage the explosive expansion of the VoIP market.

Prior to joining GlobalTouch Telecom in a full time capacity, Mr. Maddox served as a real estate finance executive with Gramercy Capital Corp. and ARCS Commercial Mortgage where he had responsibility for originating commercial real estate financings and managing related operations. From 1998 to 2002, he was CFO and Director of Q Telecom, an international wholesale carrier based in Los Angeles. Previously, he has closed more than $2 billion of corporate and real estate transactions as a private venture capitalist, an investment banker with Citicorp Securities and as a mortgage finance executive with Weyerhaeuser Mortgage Company. Mr. Maddox holds an MBA from UCLAs Anderson School of Management and a BA from Claremont McKenna College.

For additional information on GlobalTouch Telecom, Inc. and its products, visit www.globaltouchtelecom.com and www.siptalk.com or call +1 (888) 422-3500.

ABOUT GLOBALTOUCH TELECOM, INC.
GlobalTouch Telecom, Inc. offers the industrys leading proprietary, vertically integrated VoIP platform. The company built every aspect of its technology from the ground up, creating a one-stop single vendor VoIP solution. The product comprises an all-inclusive, private label (white label) offering for carriers, MSOs, Resellers, PTTs, ILECs, ISPs, CLECs and marketing companies. The platform can be completely customized and rolled out in 60 days or less. The ASP product enables low CAPEX/OPEX offerings for both enterprise and residential deployments. Since GlobalTouch Telecom developSd, owns and operates all aspects of its VoIP technology, it gives the company the flexibility to create, leverage and market its own innovations and applications versus having to resell 3rd party technology
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