V.I.P Technologies Awarded Contract by Phase Matrix Inc.

Vancouver, BC, February 13, 2002--V.I.P Technologies has been awarded a contract by a Silicon Valley-based Manufacturer and global supplier of microwave test equipment, to assist in developing Phase Matrixs e-business strategies and technical solutions, including branding of a Business-to-Business (B2B) portal.

http://www.viptek.com

Vancouver, BC, February 23, 2002--V.I.P Technologies has been awarded a contract by a Silicon Valley-based Manufacturer and global supplier of microwave test equipment, to assist in developing Phase Matrixs e-business strategies and technical solutions, including branding of a Business-to-Business (B2B) portal.

V.I.P Technologies was chosen to help Phase Matrix Inc., ensure a high level of quality, consistency and value through information technology (IT) development resources. The new B2B web site is planned for launch at the end of the third quarter of 2002.

"Our partnership with V.I.P will be invaluable in helping us to develop our e-business strategy and to reinvent how we do business on the Web," said Charanbir Mahal, VP of Engineering, a co-founder and principal of Phase Matrix, Inc.

V.I.P was selected by Phase Matrix for two main reasons," explains Pete Pragastis, President of Phase Matrix. The first is their reputation. They are known as a company that works very hard to deliver value to their clients. The second reason is V.I.P Technologies e-business expertise, which will bring high value to our initiative."

"This commitment from a Silicon Valley company shows that Canadian
businesses can win contracts from the large and competitive U.S market. The hallmark of V.I.P Technologies, is understanding the customer needs and delivering custom developed solution that will help them meet their respective corporate goals." said Alex Smid, V.I.P Principal. "Phase Matrix will be launching into an e-business environment where they can create first-mover advantage, and establish technological and service dominance in the their field," commented Smid.

Phase Matrix, Inc, is a leading designer and manufacturer of microwave test, measurement and automation solutions for the global telecommunications industry. Their clients include fortune 500 corporations such as Honeywell and other suppliers to the U.S Defense department. Phase Matrix develops products for the wireless and defense markets to more than 2000 customers in 70 countries around the world.

V.I.P Technologies, is a global full service Internet company, providing web hosting, e-commerce solutions, website development and connectivity to customers across North America and the United Kingdom. http://www.viptek.com

Media Relations
Press Contact: Alex Smid
Ph: 1-604-484-4835
Email: media@viptek.com
http://www.viptek.com

###