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For Immediate Release
Calgary, Alberta
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December 1st , 2008
(TSX Venture Exchange: “IVI”)
Issued Common Shares: 27,349,167
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Ivrnet Inc. Announces Acquisition of 1stLine Communications
Calgary, Alberta – December 1st, 2008 – Ivrnet, a leading provider of communications software and services, is pleased to announce the purchase of the assets and operations of 1stLine Communications. 1stLine is a Telecommunications brokerage that manages telecommunications services for 500 business clients. The acquisition of 1stLine is the third in a series of cash based acquisitions undertaken over the last two years.
The first acquisition, Voicelink Inc, advanced Ivrnet’s technology base with world leading voice recognition capabilities, and brought a customer centered linguistic focus to Ivrnet’s business.
The second acquisition, Go-IP Inc, provided national connectivity partnerships. This enhanced the ability of Ivrnet to deliver applications around the Country and better positioned it as a national service and technology provider.
The acquisition of 1stLine provides the foundation upon which Ivrnet intends to build out a direct sales force that can leverage the benefits brought by previous acquisitions and our own R&D initiatives.
David Snell, the President of Ivrnet, said "This acquisition provides our new sales leadership with a stronger base upon which to implement our sales plan.”
About Ivrnet Inc. – Ivrnet is an advanced communications company that develops and operates intelligent business applications on the traditional telephone network and internet. These applications facilitate communication between individuals, mass communications, as well as communication between people and automated systems. Ivrnet Inc. is based in Calgary, Alberta.
For Additional information, please visit our website at www.ivrnet.com or contact either:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This information release may contain certain forward-looking information. Actual future results may differ materially from those contemplated. The risks, uncertainties and other factors that could influence the actual results are described in documents filed with regulatory authorities
David L. Snell
Ivrnet Inc.
President
(403) 538-4540
eMail: d.snell@ivrnet.com