IPIX JOINS NEW RUSSELL MICROCAP INDEX

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Reston, VA. - July 18, 2005– IPIX Corporation (NASDAQ: IPIX), a premier supplier of 360-degree, immersive imaging technologies for visual intelligence applications, today announced it joined the Russell Microcap™ Index.

The newly launched Russell Microcap Index, which debuted on July 1, is comprised of the smallest 1,000 securities in the small-cap Russell 2000 ? Index along with the next smallest 1,000 companies, based on a ranking of all U.S. equities by market capitalization.

The index offers portfolio managers and other investors a comprehensive, unbiased barometer to compare their performance against the genuine microcap marketplace of stocks.

"We are pleased to be included in this new index, which underscores the progress we have made to establish ourselves as the leader in immersive imaging solutions," said Clara Conti, president and CEO, IPIX. "This new index provides greater recognition for small cap companies like IPIX, and offers a more significant benchmark for portfolio managers who invest in these companies."

Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Companies on the list represent more than $2.5 trillion in assets. Investment mangers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index.

 

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About IPIX

IPIX Corporation ("IPIX") is a premium provider of immersive imaging products for government and commercial applications. We combine experience, patented technology and strategic partnerships to deliver visual intelligence solutions worldwide. Our immersive, 360° imaging technology has been used to create high-resolution digital still photography and video products for surveillance, visual documentation and forensic analysis. www.ipix.com.

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IPIX Media Contact Jean Watterson IPIX Corporation 703-674-4150 Jean.Watterson@ipix.com