Replies to post #21 on Voiceserve, Inc. (VSRV)

[sweet crude]

VSRV acquires VoiPSwitch

Voiceserve Acquires VoipSwitch
Wednesday January 16, 9:30 am ET
Accretive VoipSwitch Acquisition Provides Cross Selling Opportunities for VSRV


NEW YORK & LONDON--(BUSINESS WIRE)--Voiceserve, Inc. (OTCBB:VSRV - News), a UK-based company targeting phone customers with VoIP and Pay As You Go services, today announced it completed the acquisition of VoipSwitch, a VoIP platform company offering an all-in-one services management platform.

VoipSwitch has an established customer base with hundreds of re-sellers and generated a net profit of approximately $374,000 for the fiscal year ended March 2007.

The acquisition consisted of $1.2 million cash with 3,750,000 VSRV shares valued at $1.8 million for a total of $3 million. Voiceserve paid $600,000 cash and will continue to pay the remaining balance on a monthly basis over the next year.

Voiceserve President and Chairman Alexander Ellinson, said, “This purchase is a tremendous milestone for Voiceserve. The acquisition is expected to contribute approximately $1 million in annualized revenues. These figures should be reflected in our 2009 fiscal year, which begins in April 2008. By joining forces, Voiceserve and VoipSwitch’s vast range of telecom features enables registered users unlimited access and control globally via the Internet. The variety of features can be adapted accordingly, giving Voiceserve an advantage with regard to competitors. We are excited to integrate our first acquisition and expect tremendous growth opportunities for our company in the year ahead.”

[sweet crude]

VSRV volume up

may have seen one of the original private placement shareholders take some cash in this market/economy. Seems they may be over and stock looks to be heading back up. We shall see.