NEW YORK, Sept. 23, 2008 (GLOBE NEWSWIRE) -- IP Technology Services, Inc. (``IP Tech'') (OTC BB:IPSV.OB - News) announced that it has completed the sale of two online search technology patents. One of the patents generally relates to a method of presenting a large number of search terms for improving the speed and efficiency of an online search. The second patent relates to a method of searching for information on the basis of a level of similarity of information in a primary document. IP Tech received an advisory fee in connection with the sale of each of the patents.

ABOUT IP TECHNOLOGY SERVICES, INC.

IP Technology Services, Inc. provides a variety of services, including patent valuation analysis, brokerage and licensing services, to help patent owners monetize their intellectual property.

Information about IP Technology Services, Inc. is available at http://www.iptechnologyservices.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release contains forward-looking statements within the meaning of the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Quarterly Reports on Form 10-Q, Form 10-K and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

          IP Technology Services
          Joseph Levi 
          646-432-0702
          jlevi@iptechnologyservices.com