Class Action Lawsuit Filed Against iPass, Inc.

The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action
status has been filed in the United States District Court for the Northern
District of California on behalf of all persons who purchased the publicly
traded securities of iPass, Inc. (NasdaqNM: IPAS) ("iPass") between April 22,
2004 and June 30, 2004 (the "Class Period").

The Complaint alleges that iPass violated federal securities laws by
issuing false or misleading public statements and/or by failing to disclose
material information it had an obligation to disclose. Specifically, the
Complaint alleges that during the Class Period iPass suffered a major
operational problem that resulted in the loss of customers and threatened the
company's future growth prospects. Before this problem was made public,
certain company insiders sold personal holdings of iPass stock. When the
disclosure was belatedly made, iPass stock fell from a close of $10.59 per
share on June 30, 2004, to close at $6.91 per share on July 1, 2004.

If you are a member of the class, you may, no later than March 15, 2005,
request that the Court appoint you as lead plaintiff of the class. A lead
plaintiff is a class member that acts on behalf of other class members in
directing the litigation. Although your ability to share in any recovery is
not affected by the decision whether or not to seek appointment as a lead
plaintiff, lead plaintiffs make important decisions which could affect the
overall recovery for class members, including decisions concerning settlement.
The securities laws require the Court to consider the class member(s) with the
largest financial interest as presumptively the most adequate lead
plaintiff(s).

For more information about the case, its claims, and your rights, please
contact Schatz & Nobel toll-free at (800) 797-5499, or by e-mail at
sn06106@aol.com. To view a copy of the lawsuit initiating the class action,
or for more information about class action cases and Schatz & Nobel, please
visit our website: http://www.snlaw.net.

CONTACT:
Wayne T. Boulton
Tel.: (800) 797-5499
Website: http://www.snlaw.net
e-mail: sn06106@aol.com