iVoice, Inc. (OTC Bulletin Board: IVOI), a developer and licensor of proprietary technologies, announced today additional plans to enter the alternative energy sector. The Company is currently in final negotiations to acquire a company that will own the rights to biodiesel technology, the fastest growing alternative fuel in America. iVoice will hold a majority interest in the new venture permitting it to consolidate the performance of these operations for financial reporting purposes.. The new venture, which is attempting to acquire a location in the southeastern U.S. to locate the biodiesel facility, has already received indications that a customer would enter into a contract to purchase the biodiesel, as soon as the facility is in commercial production.

"We are excited to be in the final stages of securing the technology and a suitable location to build a biodiesel plant," said iVoice Chairman and CEO Jerry Mahoney. "With energy prices near record levels, companies are increasingly turning to alternative energy providers to develop solutions. We are pleased that in a short period of time we will be in position to contribute to the country's efforts to secure a reliable alternative source of energy."