[April 23, 2007]

Vemics and MoscomNET, Moscow's Leading WIFI Provider, Announce Multi-Point Partnership

NANUET, N.Y. --(Business Wire)-- Vemics, Inc. (PINK SHEETS:VMCI), a leading provider of hosted, real-time collaboration and learning solutions, announced today that it has signed an agreement with MoscomNET Moscow's leading WIFI Provider, to provide a multi-point partnership throughout Moscow.

Vemics and MoscomNET will provide on-demand Video Conferencing services to major hotels in the Greater Moscow Area operated by international chains such as Marriott, Sheraton and Ramada. This new service will be delivered in concert with MoscomNET's WIFI services already offered in most major hotels in Moscow.

"We see this joint relationship with Vemics as one that will enable both entities to grow substantially in the Russian market in the coming months and years as our WIFI services continue to expand here," said Pat O.Dolan, President of MoscomNET.

Vemics President Jim Pennington said: "This joint agreement brings cutting edge on demand video conferencing technology to hotel guests and conference attendees throughout the greater Moscow area. We believe this is particularly important as more and more business travelers require this service."

About MoscomNET

MoscomNET is a leading provider of fast secure internet access for users of Laptops, PDA's and other WiFi enabled devices in selected Moscow locations. Whether it's checking e-mails, booking airline flights or arranging meetings, MoscomNET is a pioneer of this technology in Moscow. MoscomNET is part of the Moscom Group of companies with more than 10 years' experience providing the latest in communications technology with the maximum of customer care. The company works closely with its partners, which include Fastnet Solutions, IBM, Cisco Systems and Nomadix. More information is available at www.moscomnet.ru.

About Vemics, Inc.

Vemics, Inc. is a leading provider of hosted, real-time collaboration and learning applications. Vemics LifeAccess(TM) solutions combine multipoint video/voice and data technologies with industry specific content, consulting expertise and deep customer support enabling organizations large and small to work, collaborate and learn face-to-face, online from almost anywhere with little or no capital investment. Vemics NuScribe(TM) provides voice-activated solutions for physician transcription and electronic medical record creation. Vemics is based in New York with offices in Boston, Philadelphia and Austin. More information is available at www.vemics.com.

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This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, integration of NuScribe's business into ours, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate", "if", "believe", "plan", "estimate", "expect", "intend", "may", "could", "should", "will", and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that could cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings with www.pinksheets.com. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

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