TORONTO, ONTARIO (the "Company") released its management prepared consolidated first quarter financial statements today. The Company reported that its wholly-owned subsidiaries, One Contact Inc. (US) and One Contact (Canada) Inc. ("OCI"), which are reflected in its consolidated statements, reported much stronger interim Canadian GAAP financial results for the three month period ended March 31, 2008 as compared to results for the previous two quarters.

For the three month period ended March 31, 2008 the Company posted revenues of $1,999,837 as compared to $1,590,936 for the three month period ended March 31, 2007. The increase was primarily due to growth in existing contracts and the launch of additional pilot projects. For the quarter and year to date, the Company reported Net Income of ($4,091).

The Company also reported cash and short-term investments of $(32,185), for the three months ended March 31, 2008. Accounts receivable, net of an allowance for doubtful accounts, at the end of Q1-2008 totaled $720,042 and other current assets, composed primarily of prepaid items, totaled $80,669.

"Our existing account base continues to grow resulting in higher revenues. Coupled with significant adjustments to our cost base, the Company is seeing a gradual return to positive income with good momentum building. We are in discussions with many well known brands for incremental new business across varying industries and while the gestation periods for significant transactions are long, management anticipates benefits in this fiscal year. " commented Michael Hilmer, CEO.

About MPVC Inc.

The Company, through its wholly owned subsidiary OCI, is committed to providing and managing specialized inbound and outbound customer care, sales and marketing, technical support and many other centralized contact center services to its clients. The Company's focus is on providing single source solutions for all clients' contact center needs from its growing base of delivery centers. The Company is dedicated to providing a quality and breadth of service that exceeds client expectations.

This press release contains forward-looking statements. The Company is subject to significant risks and uncertainties which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. Such risk factors include, but are not limited to, risks associated with public markets, competition, lack of available acquisition opportunities, market price of the Company's shares, failure to obtain additional financing, dilution, customer credit risk, reliance on key personnel, changes in legislation, environmental matters, potential conflicts of interest and risk of loss of key contracts. The Company cannot assure investors that actual results will be consistent with any forward-looking statement and the Company assumes no obligation to update or revise such forward-looking statements to reflect actual events or new circumstances.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contacts: MPVC Inc. Graham Kemp Chairman (480) 575-9481 MPVC Inc. Michael Hilmer CEO (416) 420-5529 Email: mhilmer@onecontactinc.ca

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