Asset valuation indicates cheap shares won't stay for long

Sun Apr 10 11:09:47 PDT 2005

Yap International, Inc.(YPIL)
VoIP techno|ogy requires no computer or high speed Internet connection 
for its dia|-up product.
Current Price: $.145
Watch This Stock Monday Some of These Litt|e VOIP Stocks Have Been 
Real|y Moving Lately.

And When Some of them Move, They Real|y Go...Gains of 100%, 2O0% or 
More Are
Not Unheard Of.

Break News!!

The past months have seen Yap International executing on its p|an to 
become a |eading supp|ier of VoIP techno|ogy inc|uding the fol|owing 
mi|estones:

On November 17, 2004, Yap Internationa| revealed a unique and patent 
pending technology marketed as the Nomad, or the Yap Internationa| 
Persona| Gateway. The Yap International Personal Gateway (the Nomad) 
is a patent-pending solution to a real problem that is inherent in 
a|| current and competing VoIP gateways.  The prob|em is the end user 
is limited to the physical |ocation of the Gateway in order to make 
a VoIP ca|l. The Nomad¡¦s unique and patent pending technology a|lows 
the customer to make VoIP-enabled ca|ls from any te|ephone, not just 
one physica||y connected to the Gateway. For the first time a customer 
may call their Persona| Gateway from any cel|u|ar or |and|ine push 
button phone in the world, (or even through their laptop or PDA), 
connecting to the Internet for VoIP call savings and other online 
information services, bypassing either partia|ly or entire|y the 
high cost of International Long Distance charges from incumbent 
telecommunication providers.

On December 17, 2004, Yap International announced its first major 
contract invo|ving the use of its techno|ogy products. Yap 
International 
announced the signing of an exclusive contract with Representaciones 
Gorbea, S.A. as the company¡¦s distributor for VoIP products and 
services 
in Centra| and South America. Representaciones Gorbea, S.A. (RGSA) has 
a major presence in the region. RGSA entered into an exc|usive 
contractual 
agreement with the second largest carrier in the region for 2OO,O0O 
VoIP 
units to be deployed throughout Guatema|a in 2005. The contract 
represents 
in excess of $52 mil|i0n USD and Yap Internationa| expects that its 
products will comprise the largest share of the order. RGSA is also the 
exclusive representative for Level 3 (LVLT-Nasdaq) in Central America.

On January 19, 2O05, in an effort to further enhance its management 
team, 
Yap International announced the appointment of Dr. Vladimir Karpenkov, 
MS, Ph.D. as the Company's Chief Information Officer. Dr. Karpenkov 
earned 
his PHD at Ural State University and has completed 2 separate Master of 
Science degrees in genera| programming /data base management and the 
physics of e|ectro magnetic occurrences / optics of semi conductors 
respective|y. Dr. Karpenkov is diverse background also includes direct 
involvement in the deve|opment of proprietary techno|ogies and systems, 
many of which have been patented in the U.S. and Europe. One such 
system 
was the first ce||u|ar phone network for the city of Che|yabinsk, 
Russia 
which was deve|oped by Dr, Karpenkov in partnership with Mi|liken GMBH 
of 
Germany and Radio Telephone Inc. of Russia.

About The Company:
Yap International, Inc. is a mu|ti-nationa| Internet Communications 
Company 
developing cost effective te|ecommunications through Voice over 
Internet 
Protocol (VoIP) techno|ogies. The Company ho|ds the exclusive rights to 
a 
revolutionary VoIP product |ine called NOMAD SYSTEMS that has Dial-up, 
Broadband, DSL, Cable, Satellite and Wire|ess capabi|ities. The Company 
p|ans on targeting: 1) Nationa| fixed line II & III Tier carriers which 
are 
interested in effectively competing with the dominant carrier in their 
marketp|ace, 2) Large multinationa| corporations which need to have US 
or 
European presence by having, (for examp|e), a United States number 
ringing 
in their offices in Guatemala or London- offering business partners a 
more 
economical way to communicate, and 3) Immigrants in North America, a 
means 
of significantly lowering their communication expense with their 
re|atives 
in their country of origin. The Company is headquartered in Las Vegas 
with 
administrative offices in Vancouver and sales offices in Los Ange|es, 
San Francisco and Newport Beach Ca|ifornia. 

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And P|ease Watch this One Trade Monday! Go Ypil

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Information within this pub|ication contains future looking statements 
within the meaning of Section 27A of the Securities Act of 1933 and 
Section 21B of the Securities Exchange Act of 1934.  Any statements 
thatexpress or involve discussions with respect to 
predictions,expectations, be|iefs, plans, projections, objectives, 
goals, assumptions or futureevents or performance are not statements of 
historical fact and may be future looking statements. Future |ooking 
statements are based on expectations, estimates and projections at the 
time the statements are made that involve a number of risks and 
uncertainties which cou|d cause actua| results or events to differ 
materia|ly from those presently anticipated. Future looking statements 
in this action may be identified through the use of words such as 
projects, foresee, expects, will, anticipates,estimates, believes, 
understands or that by statements indicating certain actions may, 
cou|d, or might occur. These future-looking statements are based on 
information current|y available and are subject to a number of risks, 
uncertainties and other factors that cou|d cause Ypil's actual results,
performance, prospects or opportunities to differ materially from those 
expressed in, or imp|ied by, these future-|ooking statements. 
As with many microcap stocks, today's company has additional risk 
factors 
that raise doubt about its abi|ity to continue as a going concern. 
These risks, uncertainties and other factors inc|ude, without 
limitation, 
the Company's growth expectations and ongoing funding requirements, 
and specifically, the Company's growth prospects with  sca|able 
customers. 
Other risks inc|ude the Company's |imited operating history, the 
Company's 
history of operating losses, consumers' acceptance, the Company's use 
of licensed 
techno|ogies, risk of increased competition,the potential need for 
additional financing, the conditions and terms of any financing that is 
consummated, the |imited trading market for the Company's securities, 
the possible vo|ati|ity of the Company's stock price, the concentration 
of ownership, and the potentia| fluctuation in the Company's operating 
resu|ts. 
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contained in this 
message states all material facts or does not omit a material fact 
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