VANCOUVER, Aug. 2 /PRNewswire-FirstCall/ -- CounterPath Solutions, Inc. (OTCBB: CTPS), a leading provider of VoIP (Voice over IP) and Video over IP SIP softphones, provided an update to current market activity. The company's stock price saw significant downward pressure during yesterday's trading session, management knows of no reason for the fall. As reflected in our recent annual filing of results which show an increase in revenues, customers and product launches, these all indicate that CounterPath may represent good value at current levels. Additionally, the VoIP market is expected to grow for some time to come. CounterPath management reiterates its revenue forecast for fiscal 2007 of meeting or exceeding $10M in revenue, through a realization of deployments of softphone licenses and services against our existing contracts and a conservative funnel conversion rate on near term opportunities. CounterPath's recent price decline may be a reasonable entry opportunity. About CounterPath CounterPath Solutions, Inc., formerly Xten Networks, Inc., is a developer of award-winning, high-quality, carrier- grade VoIP (Voice over IP) and Video over IP SIP softphones for service providers, cable operators, Internet telephony service providers, IP PBX manufacturers and OEMs. CounterPath's SIP softphones are available either pre-configured or as a software development kit (SDK), and provide VoIP (Voice over IP), Video over IP, IM (Instant Messaging), and Presence functionality. With over 191 customers in more than 43 countries, CounterPath technology is deployed in more than 6,000,000 IP endpoints worldwide. Legal Note on Forward-Looking Statements Statements in this news release, which are not purely historical, are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include statements regarding management's belief that: (1) total revenues for the fiscal year ended April 30, 2007 will exceed $10 million, (2) our revenue expectations for 2007 are supported by our existing contracts and a conservative funnel conversion rate on near term opportunities, (3) the Company may represent good value at current levels, and (4) the Company's recent price decline may be a reasonable entry opportunity. It is important to note that actual outcomes and our actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as (1) our ability to remain competitive with eyeBeam(TM) and our other applications as other parties develop and release competitive products, (2) our ability to retain the employees necessary to continue research and development of our software products, (3) our success selling our products, (4) the ability to maintain and increase our current licensing and support agreements, (5) the impact of technology changes on our software products and on the VoIP industry, (6) the compatibility of our software products with new computer operating systems, (7) the rate of adoption by service providers and the general public of VoIP as a replacement for regular and cellular phone service, (8) general economic conditions as they affect our customers, (9) uncertainties as to the size of our market, (10) our ability to control costs operating, general administrative and other expenses, (11) current or future government regulations affecting the use of our products, (12) the degree of liability or protection from current and future patents, and (13) insufficient investor interest in our securities which may impact on our ability to raise additional financing as required. Readers should also refer to the risk disclosures outlined in our quarterly reports on Form 10-QSB, annual reports on Form 10-KSB and our other disclosure documents filed from time-to-time with the Securities and Exchange Commission. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward looking statements and no assurances can be given that such statements will be achieved. No forward-looking statement is a guarantee of future results. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. CONTACT: please visit http://www.counterpath.com/ or contact: Todd Hanas, Investor Relations, 1-866-869-8072, DATASOURCE: CounterPath Solutions, Inc. CONTACT: please visit http://www.counterpath.com/ or contact: Todd Hanas, Investor Relations, 1-866-869-8072,

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