EXHIBIT 99.1
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                    IVOICE COMPLETES SALE OF SELECTED PATENTS

        PROCEEDS OF TRANSACTION TO BE USED TO REPAY COMPANY INDEBTEDNESS

MATAWAN, N.J.--(BUSINESS WIRE) - July 31 - iVoice, Inc. (OTCBB: IVOI), announced
today that it has completed the sale of certain United States Letters Patents
and/or applications for United States Letters Patents and/or foreign patents and
applications to Lamson Holdings LLC. The patents and/or patent applications sold
relate to various Voice Activated/Voice Responsive systems developed by iVoice,
including item locators for retail stores utilizing various unique identifying,
data gathering and organizing, as well as user feedback techniques.

Proceeds from the sale will be used to pay down some of the Company's
indebtedness to Cornell Capital after paying a commission to GlynnTech, Inc.
which served as iVoice's licensing agent and assisted in the sale of the
patents.

"The sale of certain assets of our intellectual property demonstrates the
significant value we have created in our portfolio of technologies," said iVoice
Chairman and CEO Jerry Mahoney. "We will continue to seek ways to maximize
shareholder value through the development of technologies that are core to our
business strategy and sell or those license those technologies that we choose
not to pursue."

About iVoice, Inc.
iVoice has determined that the best way to create shareholder value, separate
and apart from the operating performance of iVoice, is to implement new business
opportunities by distributing shares of spin-offs to the Company's shareholders.
The common stock distributions are part of a broader strategy relating to the
transition of iVoice into a company focused on the development and licensing of
proprietary technologies. We also continue to search for potential merger
candidates with or without compatible technology and products, which management
feels may offer long term growth prospects to increase shareholder value. For
more information, contact CEO Jerry Mahoney at (732) 441 7700 or by e-mail at
jerrym@ivoice.com.

Certain information included in this press release, may contain forward-looking
statements about our current and expected performance trends, growth plans,
business goals and other matters. These statements may be contained in our
filings with the Securities and Exchange Commission, in our press releases, in
other written communications, and in oral statements made by or with the
approval of one of our authorized officers. Information set forth in this press
release contains various "forward-looking statements"



within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. The Private Securities Litigation Reform
Act of 1995 (the "Act") provides certain "safe harbor" provisions for
forward-looking statements. The reader is cautioned that such forward-looking
statements are based on information available at the time and/or management's
good faith belief with respect to future events, and are subject to risks and
uncertainties that could cause actual performance or results to differ
materially from those expressed in the statements. Factors that could cause or
contribute to such differences include, but are not limited to those risk
factors that are set forth in the section entitled "Forward Looking Statements -
Cautionary Factors" in the Company's Form 10-KSB for fiscal year ended December
31, 2004 and other filings with the Securities and Exchange Commission from time
to time. Forward-looking statements speak only as of the date the statement was
made. We assume no obligation to update forward-looking information to reflect
actual results, changes in assumptions or changes in other factors affecting
forward-looking information. Forward-looking statements are typically identified
by the use of terms such as "anticipate," "believe," "could," "estimate,"
"expect," "intend," "may," "might," "plan," "predict," "project," "should,"
"will," and similar words, although some forward-looking statements are
expressed differently. Although we believe that the expectations reflected in
such forward-looking statements are reasonable, we can give no assurance that
such expectations will prove to be correct.

For more information on iVoice, please visit http://www.ivoice.com
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Contact: Andrew Hellman, CEOcast, Inc. for iVoice at (212) 732-4300
SOURCE: iVoice, Inc.