Global IP Solutions (GIPS) Holding AB Reports First Quarter 2007 Financial Results

(Reported in thousands of U.S. Dollars and thousands of SEK; un-audited)

STOCKHOLM – April 18, 2007 - Global IP Solutions (GIPS) Holding AB, the leading provider of embedded media processing technologies, today reported its financial results for the first quarter ending March 31, 2007. The Company is reporting its financial results in both Swedish Krona (SEK) and U.S. Dollars (USD).