I-ON Communications Ltd. announced the appointment of four new independent directors, which increases the size of I-ON's Board of Directors to seven from three currently held by Chairman Mr. Jae Cheol ("James") Oh, Mr. Hong Rae Kim and Mr. Jae Ho Cho. The appointment of the following four independent directors is intended to meet the corporate governance standards set forth by the OTCQX and national stock exchanges. Mr. Eugene Hong: Mr. Hong's career at Samsung, most recently as Executive Vice President of Samsung Venture Investment Co Ltd., spans over 25 years. Mr. Armand Pastine: Mr. Pastine serves as the CEO of CG Capital Markets, LLC. Dr. Jean Koh: Dr. Jean Koh has over 25 years of technology and senior executive experience with publicly and privately held companies within the multi-media and mobile content technology verticals. Dr. Koh is currently serving as the Chairman of the Korea Mobile Internet Business Association (MOIBA). Mr. Charlie Baik: Mr. Charlie Seung Taik Baik currently serves as the Chief Operating Officer and Chief Compliance Officer of EZER Inc.

The company has officially expanded its footprint in North America with the opening of its first U.S. office location at 733 Third Avenue, 24th Floor, New York NY, which will also serve as the Company´s international headquarters and be geared towards more intimately addressing the needs of prospective clients and the financial community.