Pingo (www.pingo.com), the online calling service from iBasis (NASDAQ: IBAS), today reduced the cost to call Pakistan by more than 30 percent. The lower Pakistan prepaid calling card rate is enabled by RateWatcher™, a Pingo feature that actively searches for opportunities to reduce costs for customers. Pingo has also announced that new subscribers can receive one hundred free minutes of calling to Pakistan by registering through the pingopakistan page, which also contains additional information on the offering.

iBasis is one of the top three carriers of international phone calls in the world, resulting in a buying power that enables Pingo to consistently deliver extremely competitive rates. Customers save on calls to both landline and mobile phones in almost every country, with mobile phone users saving as much as 90 percent on international calling.

Pingo offers highquality, lowcost international and long distance calling on a prepaid basis without any long term contractual obligation. The service can be used with both fixedline and mobile phones and no additional equipment purchases or software downloads are required. Pingo minutes can be easily purchased online with credit/debit cards and PayPay. Subscribers can make payments in four currencies, compare rates in more than 38 other currencies, and interact with a Pingo website that includes automated voice prompts in five languages.

Pingo is designed with easeofuse in mind and offers a host of convenient features. Accounts can be setup to automatically recharge at a predetermined balance, or, an interactive voice response system can be used to alert customers of a low balance, allowing funds to be replenished with the simple push of the * key. Once mobile and/or fixedline phones have been registered online, enhanced speed dialing enables customers to call a local Pingo access number and press a designated speeddial number for fast and easy connection to calling destinations. Other features include PINless dialing, online call history reporting, a ReferaFriend program that offers a $5 bonus for each customer referral that joins Pingo and more.

iBasis also recently launched a version of Pingo with advanced features designed for enterprises. PingoBusiness provides smalltomedium size businesses (SMBs) the same low international calling rates, plus easytouse administrative features for managing up to 999 individual employee accounts on an “on demand” basis without longterm contracts. Through PingoBusiness, SMB employees can use company phones, as well as their own fixedline and mobile phones to achieve up to 90 percent cost savings on international calling. The service offers the same convenience features as Pingo with additional functionality to help SMBs exercise better control over international calling expenditures. This includes the ability for administrators to set individual spending limits and easily monitor usage and manage account balances through a single, centralized account.

“Pingo leverages the scale and efficiency of the iBasis global VoIP network to bring consumers and SMBs low cost, high quality international and long distance calling, supported by convenient features and the ability to use existing fixed and mobile phones without additional equipment,” said Jayesh Patel, vice president of business development and strategy for iBasis. “Furthermore, there are no extended contracts subscribers simply place funds in an account, register their phones, and in minutes they can begin taking advantage of our low rates. Pingo is easy, reliable, flexible, and the most effective option available for defraying international calling costs.”

About Pingo
Taking advantage of The iBasis Network, Pingo enables consumers to realize the costsavings of VoIP or Internet telephony from regular fixed or mobile phones without any need for additional hardware or software. Pingo offers consumers highquality long distance service on a prepaid basis, along with a host of convenient usability features. Pingo customers save on calls to both landline and mobile phones in almost every country. Mobile phone users in particular can save as much as 90 percent on international calls by using Pingo’s tollfree access and lower rates. Pingo minutes can be purchased with credit and debit cards, as well as PayPay, at www.pingo.com. Customers can access Pingo from tollfree and local access numbers in 35 countries, including the U.S., Australia, Canada, China, the U.K., France, Germany, Israel, Japan, Russia, and Thailand.

About iBasis
Founded in 1996, iBasis (NASDAQ: IBAS) is a leading wholesale carrier of international long distance telephone calls and a provider of retail prepaid calling services and enhanced services for mobile operators. iBasis customers include KPN, KPN Mobile, EPlus, BASE, and many other large telecommunications carriers such as AT&T, Verizon, Vodafone, China Mobile, China Unicom, IDT, Qwest, Skype, Telecom Italia, Telefonica, and Yahoo. In October 2007, iBasis acquired KPN Global Carrier Services to create one of the three largest carriers of international voice traffic in the world, and KPN became a majority stockholder of iBasis. On a pro forma basis, the combined company carried approximately 24 billion minutes of international voice traffic in 2007. The Company can be reached at its worldwide headquarters in Burlington, Mass., USA at +1 7815057500 or on the Internet at www.ibasis.com.
iBasis and Pingo are registered marks, The iBasis Network and the global VoIP company are trademarks of iBasis, Inc. All other trademarks are the property of their respective owners.
Except for historical information, all of the expectations, plans and assumptions contained in the foregoing press release constitute forwardlooking statements under Section 21E of the Securities Exchange Act of 1934 and involve risks and uncertainties. Important factors that could cause actual results to differ materially from such forwardlooking statements include, but are not limited to, (i) the Companys ability to execute its business plan (ii) the extent of adoption of the Companys services and the timing and amount of revenue and gross profit generated by these services (iii) fluctuations in the market for and pricing of these services (iv) the other factors described in the Companys Quarterly Report on Form 10Q for its most recently completed fiscal quarter and Annual Report on Form 10K for its most recently completed fiscal year all of which are available at www.sec.gov. Such forwardlooking statements are only as of the date they are made, and we have no current intention to update any forwardlooking statements.

Source: http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080310005790&newsLang=en