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CORG News Cordia Corporation Announces Financial Results for Fiscal Year 2006

WINTER GARDEN, Fla.--(BUSINESS WIRE)--Cordia Corporation (OTCBB: CORG), a global communications service provider of traditional wireline and Voice over Internet Protocol (“VoIP”) technologies announced the results of operations for the fiscal year ended December 31, 2006.

The Company reported revenues of approximately $37.5 million for the twelve months ended December 31, 2006; a decrease of approximately $4.4 million from the approximately $41.9 million in reported revenues for the same period last year.

CORG reported an operating loss of approximately $2.9 million from continuing operations for the year ended December 31, 2006, as compared to operating income of approximately $1.1 million at December 31, 2005. The net loss for the year ended December 31, 2006 was approximately $3.1 million or ($0.55) per basic and fully diluted share, compared to net income of approximately $1.1 million or $0.23 per basic share and $0.20 per fully diluted share for the same period last year.

Joel Dupré, Chief Executive Officer of Cordia Corporation, stated, “Although we reported a net loss for the year, 2006 was a significant year of investment in Cordia’s future. We established a presence in the Asia Pacific region through our acquisition of Triamis and the opening of our Hong Kong office, and we expanded into South America with our investment in Canal West, a Brazilian VoIP provider. We believe these investments will be significant for future revenue growth derived from our VoIP and Magellan products.”

Mr. Dupré continued, “In addition, we have invested in the development of our global VoIP network which supports our Magellan product line. With Magellan, customers get their own personal international phone number which is routed through our VoIP network, to their mobile or landline phone allowing the customer to be contacted anywhere in the world at local rates. While this significant undertaking affected our financial results, it was necessary for the global launch of these services and to position Cordia for future growth and profitability.”

Kevin Griffo, President of Cordia Corporation, stated, “Despite our loss for the fourth quarter and year end we have made significant operational progress during 2006. Our investment in sales and marketing expenditures resulted in increased revenues of approximately $9.7 million for the fourth quarter as compared to approximately $8.5 million reported in Q3. In addition, our bad debt and churn have been reduced from 2005, creating a more stable customer base for Cordia. The tools put in place to achieve this reduction have also allowed us to expand into the secondary credit market under our My Tel brand. Additionally, we have expanded our wire line services adding six new territories and we have extended our operating agreement with one of our underlying network providers through 2012.”

Mr. Griffo continued, “A key focus for this year will be the successful launch of our call center in Cebu, Philippines during the second quarter of 2007, with the goal of further reducing our operating costs. We estimate that we can save approximately 50% on our costs of acquiring new customers, as well as other services, through this new call center. We believe that the call center is a key component of our plan to return Cordia to profitability.”

Conference Call Reminder

A conference call to discuss our fiscal year 2006 results will take place at 10:00 a.m. Eastern, on Friday, March 30, 2007. Anyone interested in participating should call 800-936-9754 if calling within the United States or 973-935-2048 if calling internationally approximately 5 to 10 minutes prior to 10:00 a.m. pass code for entrance into the conference is 8634450. There will be a playback available until April 13, 2007. To listen to the playback, please call 877-519-4471 if calling within the United States or 973-341-3080 if calling internationally. The pass code for the replay is 8634450.

This call is being webcast by ViaVid Broadcasting and can be accessed at ViaVid's website at www.viavid.net. The webcast can be accessed through June 30, 2007. To access the webcast, you will need to have the Windows Media Player on your desktop. For the free download of the Media Player, please visit: www.microsoft.com/windows/windowsmedia/en/download/default.asp .

About Cordia Corporation

Cordia Corporation, through its operating subsidiaries, Cordia Communications Corp., CordiaIP Corp., My Tel Co, Inc. and Cordia International Corp. offers business, residential, and wholesale customers local and long distance telecommunications services in more than sixty (60) countries utilizing traditional wireline and Voice over Internet Protocol (“VoIP”) technologies. In addition, Cordia develops and provides a suite of proprietary web-based billing software and outsourced services to local, long distance and VoIP telecommunications providers.

Safe Harbor

This release contains forward-looking statements that involve risks and uncertainties. Cordia's actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, availability of management; availability, terms, and deployment of capital; Cordia's ability to successfully market its services to current and new customers, generate customer demand for its product and services in the geographical areas in which Cordia can operate, access new markets, all in a timely manner, at reasonable cost and on satisfactory terms and conditions, as well as regulatory, legislative and judicial developments that could cause actual results to vary in such forward-looking statements.