Calgary, Alberta – April 17, 2006 – Ivrnet Inc. announces that it has fully subscribed and closed the offering previously announced on March 28th, 2006.  As per the announcement proceeds will be used to reduce the outstanding debt of the corporation and provide additional working capital.

Ivrnet Inc. announced that it had agreed to issue an aggregate of up to $425,000 of Units at $0.10 per Unit in a private placement.  Each Unit consists of one Common Share of Ivrnet and 0.5 of a common share purchase Warrant exercisable into Common Shares at a price of $0.15 per share for 18 months from the date of closing. 100% of the offering will be subscribed by insiders and employees.  Of the proceeds $213,000 will be used to retire debt to related insiders, and the balance will provide additional working capital.  A fee of $500 + 0.5% of the final subscribed amount will be paid to the TSX upon completion of the offering.

About Ivrnet Inc. – Ivrnet is a technology company offering hosted telephone and business solutions comprising the integration of telephone and Web technologies.  Ivrnet offers these integrated solutions to a variety of markets including Golf, Medical and Automotive industries.  Ivrnet also offers a number of telephony products including Unified Messaging services, Virtual Telephone Switches, Hosted Call Centers, and Conference Calling.