Global IP Solutions (GIPS) Holding AB Monetizes Auction-Rate Securities, Collects Remaining $1.45 Million

San Francisco — October 29, 2008 —Global IP Solutions (GIPS) announced today that it has redeemed the remaining balance of its investment in auction-rate securities (ARS) for full value of 1,450 TUSD. As disclosed in its Q2 interim report released on August 26, 2008, the Company had previously redeemed 800 TUSD of its ARS investments at full value during the second quarter of 2008.