Global IP Sound Reports First Quarter 2006 Financial Results

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

STOCKHOLM – April 27, 2006 - Global IP Sound AB, the leading provider of embedded voice processing technologies, today reported its financial results for the first quarter ending March 31, 2006. The Company is now reporting its financial results in both Swedish Krona and U.S. Dollars.