3P Networks Inc. Signs Agreement for $12 Million Financing

3P Networks Inc., one of the fastest growing providers of integrated telecommunications services, announces that it has signed an underwriting agreement with Quote Platform Syndicate Inc. to raise $12 million 5 year term, convertible debenture financing.

Upon closing, the Company will commence strategic acquisition of targeted telecommunications assets and WiMax frequencies required to build its triple play (telephone, television and broadband internet) throughout the Caribbean. Furthermore, the Company will accelerate the growth of its triple play subscriber base in Canada and the United States. The company secures this funding to accelerate subscriber growth and for strategic acquisitions in the Caribbean.

Quote Platform Syndicate Inc. is a syndicate of brokerages, investors, and institutional financiers domiciled in Europe and Asia. Their niche market is high yield instruments in the world’s emerging markets.

Dr. John Tydeman, 3P Networks Inc. Chairman stated, We are very pleased to have secured this financing that will now enable us to accelerate our announced strategic acquisitions and roll out of our integrated IP network throughout the Caribbean. These proceeds provide 3P Networks with sufficient capital to accelerate the companys business plan; properly assess next step acquisition opportunities in North America; and to prepare the company for listing on the NASDAQ Small Cap and the London AIM Exchange.

3PNetworks is an emerging global provider of integrated telecommunications services offering (4P) Quadruple Play services. Among their services are High Definition (HD) Digital and IPTV Television, Voice, Fixed and Wireless Data/Internet Access deployed on an IP-based network platform, at significantly lower costs than competitors. 3PNetworks offers complete end-to-end communications solutions offering services to multi- unit environments such as hotels, resorts, condominiums, planned communities and healthcare suites, where bundled subscribers can have significant savings compared to traditional providers. The building- centric model achieves economies of scale within each property that allow 3P Networks to offer multiple services to customer at an infrastructure cost and monthly price point that cannot be offered in other environments.

For more information, please visit www.3pnetworks.com