MONTREAL, Feb. 3 /PRNewswire-FirstCall/ - Valtech Communications Inc., a wholly own subsidiary of HIPSO Multimedia Inc. (OTCBB: HPSO - News), is pleased to announce a strategic partnership with Canvar Group Inc.(www.canvar.ca).

Canvar Group Inc. is a real estate conglomerate based in Quebec, Mr. Arbic, CEO of Valtech, commented, 'Canvar owns over 1200 apartments and they will be implementing our technology in these units. This represents a doubling of monthly revenue once implementation is complete. Canvar also has planned to add a significant number of rental units in 2009 and we fully expect that our technology will be implemented in those suites as well.'

'Our company is pleased with this growth in our own market', said Mr. Arbic, 'It is further proof that our technology has gained recognition in the market place. Our technology platform is geared towards increased profitability. Hipso Multimedia Inc., through its wholly owned subsidiary Valtech Communications Inc. anticipates being in a position to give its shareholders a more accurate picture of the projected growth curve in the year 2009 via further announcements.

About Canvar:

Canvar Group Inc. is represented by Mr. Pierre Varadi who is the major shareholder of 'Canvar'. It's been noted that Mr. Varadi is also a shareholder of 'Hipso' owning in excess of 10% of Hipso's shares.

About Valtech:

Valtech Communications Inc. provides next generation triple play services, including, VoIP, high-speed internet and television services to consumers and wholesale customers. www.valtech.ca.

SOURCE Hipso/Valtech Inc.