Global IP Sound Reports Second Quarter 2006 Financial Results

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

STOCKHOLM – August 3, 2006 - Global IP Sound AB, the leading provider of embedded voice processing technologies, today reported its financial results for the second quarter ending June 30, 2006. The Company is now reporting its financial results in both Swedish Krona and U.S. Dollars.