EXHIBIT 99.1
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                                  PRESS RELEASE

FOR IMMEDIATE RELEASE
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                        iVoice Technology and Proprietary
                           Aluminum Products Designer
                           Terminate Letter of Intent


MATAWAN, NJ, OCTOBER 12, 2007 - iVoice Technology, Inc (OTCBB: IVOT) announced
today that the Letter of Intent dated June 4, 2007, as amended, by and among,
iVoice Technology, Inc. ("iVoice Technology"), Prosperity Ventures, Inc.
("Prosperity"), Stronghold Manufacturing, Inc. ("Stronghold"), Aero Consulting,
LLC. ("Aero") and Screen Enclosure Technologies, LLC. ("Screen Enclosure") was
terminated.

iVoice Technology continues to seek other acquisition candidates that provide
excellent growth potential, are in a viable and stable market segment, and
employ a current management team committed to the organization's long-term
success. Our prospective acquisitions may or may not be in the same industry as
iVoice Technology.

About iVoice Technology, Inc:

iVoice Technology, Inc., was a wholly owned subsidiary of iVoice, Inc. (OTCBB:
IVOI) prior to the spin-off from iVoice that was completed in August 2005 as a
special stock dividend distribution to iVoice shareholders. iVoice Technology
was incorporated in New Jersey on November 10, 2004 as a wholly owned subsidiary
of iVoice, Inc. iVoice Technology designs, manufactures, and markets innovative
Interactive Voice Response (IVR) applications and computer telephony
communications systems.

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. 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.

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CONTACT:
Dolores Serafin
iVoice Technology, Inc.
1-732-441-7700
www.ivoicetechnology.com