Global IP Solutions Reports Second Quarter 2007 Financial Results

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

STOCKHOLM – August 14, 2007 - Global IP Solutions (GIPS) Holding AB, the leading provider of embedded media processing technologies, today reported its financial results for the second quarter ending June 30, 2007. The company is reporting its financial results in both U.S. Dollars (USD) and Swedish Krona (SEK).