VoIP Inc. / Caerus, Inc., Volo Communications

VoIP Inc. announced today that it has advanced $475,000 dollars and had signed a letter of intent to acquire Caerus, Inc. which includes all wholly-owned subsidiaries; Volo Communications, Inc., Caerus Networks Inc, and Caerus Billing Inc.

Under the purposed purchase terms, VoIP, Inc. will acquire 100% of the stock and assets of Caerus, Inc in exchange for the issuance of 15 million common shares of VoIP, Inc. The company has advanced Caerus, Inc. $475,000 for implementation of their newly developed Least Cost Routing engine (LCR) and the Company expects to fund an additional $275,000 dollars for LCR prior to closing.

(BUSINESS WIRE)