Flint Telecom Subsidiary to Address the $8.

2 Billion Vietnamese Remittance Marke t With New Australian Partnership Remit2Vietnam PTY Ltd. to Provide Prepaid Debit Card and Remittance Services to Vietnamese Communities in the United States and Australia Overland Park, KS, March 10, 2011 -- Flint Telecom Group, Inc. (http://www.flint telecomgroup.com) (OTCBB: FLTT), an International Telecoms Technology and Servic es Organization, today announces that its wholly owned subsidiary Ingedigit Inte rnational Inc. ("III"), is to become a significant shareholder in the Australian based Remit2Vietnam PTY. Ltd, ("R2V"), a company established in Sydney, Austral ia to market prepaid debit card and remittance programs from Australia and the U nited States to Vietnam. There are over 1.6 million Vietnamese living in the United States and approximat ely 300,000 living in Australia. Over $8.2 billion dollars were remitted to Viet nam last year and is growing year on year. The Vietnamese banks have shown great interest in and support for the III prepaid debit card and remittance programs with several banks in Vietnam and one bank in Australia having signed Letters Of Intent with R2V to provide prepaid debit cards and remittance services to their customers. The banks are now finalizing the necessary agreements and all techni cal requirements with first cards expected to be issued by the summer. The partn ering banks clearly see the III programs as key to enabling them to capture a si gnificant share of this large and growing market. Currently the well-known indep endent remittance organizations provide the vast amount of remittances into Viet nam. III will hold 40% of the equity in R2V with the remaining shares being held by t wo other groups. III will provide the necessary program development and technica l expertise and access to its existing prepaid debit card issuing bank relations hips in the United States. III is also providing the prepaid debit card processi ng and remittance processing from both Australia and the United States to Vietna m with Power2Process, another Flint company, which will receive a fee from every transaction. Darval Holdings Pty Ltd., New South Wales, Australia, a private investment and o perating company recently established to specifically address this opportunity, holds a 50% ownership in R2V. Headed by Jef Rowlison, Managing Director of Mercu ry Mobile Marketing Pty Ltd in Australia, Darval will be responsible for all inv estment in the project and is bringing the key Australian banking partner to the consortium. Over the past 6 years Mr. Rowlison and his team at Mercury have bee n instrumental in creating and launching card programs for CITI Bank, McDonald's Asia Pacific (@Life) and IGA supermarkets. As a result of these relationships, Darval will also act as marketing partner in Australia and the USA. Mr. Rowlison stated, "We have been shadowing III as it developed its prepaid deb it card and remittance programs over the past two years and we have also seen th e rapidly growing opportunity in Vietnam for such programs. The moment is absolu tely right to launch these programs between the Australian and U.S. banks in con junction with Vietnamese banks. The level of remittances is very large and conti nues to grow and the banks are in need of these services to begin to capture som e of the business done by the established remittance houses. We are extremely ex cited to have reached this milestone and I believe we will quickly capture at le ast 5% of the remittance market and will have support from the Vietnamese govern ment to do so." The other partner in R2V is Golden Connect Pty Ltd. Based in New South Wales, Au stralia, Golden has extensive history of success in ventures in Australia and th roughout the Pacific Rim especially in Vietnam. Mr. Quang Nguyen, Managing Direc tor of Golden, is well connected in the Vietnamese community in all three countr

ies and has managed many successful ventures with Vietnam. Some of these venture s include natural resource opportunities in oil and gas, mining, and in consumer goods. Golden also provides investment banking services, M&A support and pairin g business opportunities among companies both within and outside Vietnam. Throug h its relationships in the Vietnamese communities in Australia and the U.S., Gol den will lead the marketing activities through Vietnamese organizations and the commercial communities in these countries. Golden is bringing the key recipient banking relationships in Vietnam to the operation. Mr. Nguyen stated, "The opportunity for the Vietnamese banks is huge in a market where they currently have a very low market share. The R2V programs bring servi ces to the Vietnamese on a 24*7*365 basis at a much lower cost and far superior service than traditional services. Providing secure and instantaneous remittance s of funds to the partnering banks and immediate availability at the banks' ATM' s is a distinct advantage over other solutions that require recipients to travel to dedicated remittance outlets and to wait in lines that are only available du ring business hours to receive their funds. The programs also offer many benefit s to the Vietnamese living in Vietnam, Australia and the United States. For inst ance in the U.S., the programs offer so many banking benefits over traditional b ank accounts to the Vietnamese in addition to the remittance solution that the c onvenience of the programs alone will win great support. The established remitta nce organizations do not currently offer in-country services as part of their of fering. We are supporting our belief in this venture with a $1.2 million investm ent." Mr. Abu Karim, III's President for Australia and Asia Pacific states, "We are ex tremely pleased to be working with such powerful partners for this exciting oppo rtunity in Vietnam. It is the strength and unique qualities of our innovative su ite of financial services that continues our success in India and the Pacific Ri m countries. Our fees are fixed and extremely low compared to other providers an d are not adjusted by the amount of each transaction. III revenues and net incom e are generated by the use of the cards, not the amount loaded on them. This is why we have focused on India and Vietnam in first instance as these groups remit millions of low value transactions per year and we get a fee on every transacti on. We look forward to working with Darval and Golden and our banking partners t o deliver real value for Vietnamese people everywhere in bringing them new, low cost and convenient ways to pay for day-to-day activities and to remit money hom e." About Ingedigit International Inc. Ingedigit International Inc. is U.S. based in ternational pre-paid debit card company, partnered with both U.S. banks and inte rnational banks to offer debit cards and remittance services to their customers. Included with the debit card services are additional services, allowing the par tnering banks to add new customers, share funds between existing card holders an d perform international fund remittance. All transactions are fully compliant wi th U.S. and international money laundering laws, as well as counter-terrorism re gulations. Transactions are practically instantaneous, available to the card-hol der on a 24/7, 365-day basis. In October 2010, Ingedigit International Inc. beca me a wholly owned subsidiary of Flint Telecom Group Inc. About Flint Telecom Group, Inc. Flint Telecom Group Inc. is an international Tel ecoms Technology Organization with a portfolio of companies that deliver VoIP an d 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 Bu lletin Board(R) (OTCBB) under the ticker symbol: FLTT.OB. Flint Telecom ranked n umber 72 in the 2010 Deloitte Technology Fast 500(TM), Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Flint Telecom was founded by a tea m of telecom and technology experts with a proven track in building and maintain

ing international technology companies. Additional information may be found at w ww.flinttelecomgroup.com This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "intends," "believes," and similar expressions r eflecting something other than historical fact are intended to identify forwardlooking statements, but are not the exclusive means of identifying such statemen ts. These forward-looking statements involve a number of risks and uncertainties , including risks and uncertainties associated with the integration of businesse s following an acquisition, the timely development and market acceptance of prod ucts and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company 's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement du e to such risks and uncertainties. The Company undertakes no obligation to revis e or update any forward-looking statements in order to reflect events or circums tances that may arise after the date of this release. Contact: Vincent Browne Flint Telecom Group, Inc. 7500 College Blvd., Suite 500 Overland Park, KS, 66210 913 815 1570 investor@flinttelecomgroup.com http://www.flinttelecomgroup.com