DELRAY BEACH, Fla., April 16, 2008 (PRIME NEWSWIRE) -- inZon Corporation (OTCBB:IZON), pursuant to its Regulation FD policy of providing timely, transparent, consistent and accurate financial and other information to the investment community and the Company's shareholders on a non-selective basis, provides the following summary of the current status of its proposed acquisitions and financing transactions.

The transaction announced by the Company on February 11, 2008, concerning its proposed acquisition of a licensed Competitive Local Exchange Carrier (CLEC) provider of telephone, high speed Internet and franchised cable television services based in Florida, is still pending, and the Company is completing its due diligence investigation of the CLEC's operations, the results of which will determine the terms of the definitive agreement. The Company anticipates a closing in the last week of April, subject to a concurrent closing of financing arrangements also being negotiated and the necessary governmental permits. The Company will report the signing of the definitive agreement to the SEC on Form 8-K prior to closing the transaction.

inZon is also negotiating with a New York investment firm specializing in the Cable, Communications and Entertainment industries to acquire a seasoned Franchised Cable operation located in the Central Western Region of the United States. It is anticipated that a definitive agreement for this transaction will be implemented within 30 days.

inZon has strengthened its cable division executive team with the addition of two seasoned industry professionals: Mr. Ed Berkhof has joined inZon as President of a newly established Cable Division, and Mr. Eric Parker has been appointed CFO of Cable Operations.

Mr. Berkhof has been involved in satellite, cable and telecommunications since 1976, participating in the sales and installation of twenty-one satellite uplinks in nine different countries and helping to pioneer the development and distribution of C-band satellite services. After a decade of work in the private cable industry, he developed expertise in the development and financing of regional cable and telecom companies. In 1999, he developed an Internet based teleguide for the private cable industry that was later sold to one of the country's top programming resellers, and has produced an IPTV (Internet Protocol Television) technology capitalized with $10 million for delivering content in real-time to LED roadside billboards that was later sold to one of the country's largest billboard operators. Mr. Berkhof has extensive experience consulting for private cable and telephone companies in the areas of strategy, financing, structure, and mergers and acquisitions.

Mr. Parker has been involved in credit and finance for the past 22 years. Since 2004, he has headed American Aero Services, an international financial consulting firm that has advised clients on public and private contracts totaling over $700 million in value during that time. Prior to that, Eric spent 17 years with NorLease, the equipment finance subsidiary of Northern Trust Company, the largest Chicago-based bank-owned equipment leasing company. Prior to NorLease, he was a site manager for Beatrice Foods and an operations manager for Cargill, Inc. Eric holds a Bachelor of Science Degree from the University of Illinois and a Masters Degree in Finance from the University of Chicago's Graduate School of Business.

About inZon

inZon Corporation is a Global Media and Communications company dedicated to acquiring and consolidating video, voice and data providers with solid earnings and subscriber bases. inZon then provides significant value added resources and technologies to these companies to create unique "triple play & quad play" solutions for the cable, broadband and telephone segregated markets and bringing along higher bottom line results.

inZon's software application group, SAE, owns a unique group of proprietary Operations Control Support Software (OCSS) that has been licensed to an impressive range of clients from the broadcast, telecom, media, satellite and other industries, such as NBC, CBS, Hughes Television Network, British Telecom, PanAmSat, CIGNA and many others. In addition, inZon's VeriCash Division is developing systems for Stored Value/Mobile Wallet payment technologies designed to allow users to send money from their cell phone and acts as a Virtual Point of Sale device via secure modes in most countries in the world.

inZon's WorldHub Exchange (WorldHubX) subsidiary is tasked to provide neutral centralized switching facilities and exchange services that will offer neutral interconnectivity options, providing significant economies of scale to the global telecom industry in a joint venture with NewCom International (www.newcom-intl.com). This alliance provides the latest technology in satellite, telecommunications and disaster recovery facilities services to a diverse array on international clients utilizing their unparalleled management and engineering staff from strategically located collocation facilities, ensuring a one-stop solution for all global communication needs.

Cautionary Note Regarding Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This release or any other written or oral statements made by or on behalf of IZON may include forward-looking statements which reflect the Company's current views with respect to future events and financial performance. Forward-looking statements involve the Company's current assessment of risks and uncertainties, which may cause actual events and results and prospects to differ materially from those expressed or implied in these statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.