Flint Telecom Australian Joint Venture Signs First Vietnamese Banking Partner

Mr. Abu Karim, R2V CEO and Flint's President of Financial Processing Services for Asia Pacific, stated, "We are in the extreme pleased to be working with Ficombank and adding them to our growing global network of banking partners for prepaid debit card and innovative card-to-card international remittance programs. Ficombank obviously sees this Program as key to them capturing a share of this large and growing market and we look forward to partnering with such a vibrant and innovative company moving forward. If R2V achieve its stated market targets at the time Flint will be processing in broad outline $400 million of transactions per year for this Program alone, generating over half of our group targets of processing $730 million of customer transactions annually or $2 million per day."

About Ficombank: Ficombank is one of the first joint-stock financial institutions in Vietnam. Established in 1993 with initial capital of 20 billion it operates a banking network in the major cities of Vietnam. The model of the Bank's operation is particularly suited to the model of a retail bank with the majority of clients being small and medium enterprises, and individuals. 2010 is the year marking the remarkable growth of Ficombank with total assets increasing near five times with the number of branches doubled. The bank has been evaluated to have stable credit growth and good management in credit quality by the Credit Information Center - State Bank of Vietnam. Additional information may be found at www.ficombank.com.vn

About Flint Telecom Group, Inc. Flint Telecom Group Inc. is an international Telecoms Research Organization with a portfolio of companies that deliver VoIP (Voice over Internet Protocol) and wireless communications and prepaid financial products and services globally. Headquartered in Overland Park, Kansas with offices throughout the US, India and Ireland, Flint Telecom Group is a fully reporting company trading on the OTC Bulletin Board® in accordance with the ticker symbol: FLTT.OB. Flint Telecom ranked number 72 in the 2010 Deloitte Research Fast 500?, Deloitte's ranking of 500 of the fastest growing research, media, telecommunications, life sciences and clean technology companies in North America. Flint Telecom was founded by a team of telecom and technology experts with a proven track in building and maintaining international technology companies. Additional information may be found at www.flinttelecomgroup.com.