<HTML><HEAD><TITLE>IP PHONE BRASIL</TITLE>
<META http-equiv=Content-Type content="text/html; charset=iso-8859-1">
<META content="MSHTML 6.00.6000.16397" name=GENERATOR></HEAD>
<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso-88592"><BODY>
<TABLE cellSpacing=0 cellPadding=0 width=750 align=center bgColor=#999966 border=0>
<TBODY>
<TR>
<TD vAlign=top height=2>
<DIV align=right><IMG height=1 src="../images/news1pixa.jpg" width=2></DIV></TD></TR>
<TR>
<TD vAlign=top>
<TABLE height=140 cellSpacing=0 cellPadding=0 width=746 align=center border=0>
<TBODY>
<TR>
<TD vAlign=top>
<TABLE cellSpacing=0 cellPadding=0 width=746 align=center border=0>
<TBODY>
<TR>
<TD width=373 height=285><A href="http://www.ipphonebrasil.com/newsletter/newsletter04_09a.htm"><IMG height=285 src="http://www.ipphonebrasil.com/newsletter/images/newsapril_01.jpg" width=373 border=0></A></TD>
<TD width=373 height=285><A href="http://www.ipphonebrasil.com/newsletter/newsletter04_09a.htm"><IMG height=285 src="http://www.ipphonebrasil.com/newsletter/images/newsapril_02.jpg" width=373 border=0></A></TD></TR>
<TR>
<TD width=373 height=285><A href="http://www.ipphonebrasil.com/newsletter/newsletter04_09a.htm"><IMG height=285 src="http://www.ipphonebrasil.com/newsletter/images/newsapril_03.jpg" width=373 border=0></A></TD>
<TD width=373 height=285><A href="http://www.ipphonebrasil.com/newsletter/newsletter04_09a.htm"><IMG height=285 src="http://www.ipphonebrasil.com/newsletter/images/newsapril_04.jpg" width=373 border=0></A></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR>
<TR>
<TD vAlign=top>
<DIV align=center><FONT face="Arial, Helvetica, sans-serif" color=#ffffff size=1>© 2007 IP Phone Brasil. Todos os direitos reservados. Web Site Created by Underdog Media &amp; Films, Inc <A href="http://www.underdogmediafilms.com" target=_blank><IMG height=20 src="http://www.ipphonebrasil.com/images/udog.gif" width=20 align=absMiddle border=0></A></FONT></DIV></TD></TR></TBODY></TABLE></BODY></HTML>