Ivrnet Inc. Reports Profitable Third Quarter

Calgary, Alberta – November 19, 2008 – Ivrnet Inc. (TSX Venture: IVI) is pleased to report its fourth consecutive quarter of positive Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA). Revenue for the third quarter of 2008 amounted to $591,145, an increase of $113,945 over the third quarter of 2007. Net income for this third quarter amounted to $13,236. 

EBITDA for the third quarter of 2008 increased to $99,941 compared to $84,932 in the second quarter.  Expenses were $13,000 lower in the third quarter of 2008 in comparison with the second quarter. 

In six of the last eight quarters, Ivrnet has generated positive EBIDTA, four of those quarters also being profitable on a net income basis. During this time, Ivrnet has paid down substantially all of its long term debt and invested in new infrastructure and capabilities. A more complete analysis of this, and previous quarters can be found by visiting www.sedar.ca.

About Ivrnet Inc. – Ivrnet is a communications company that develops and operates intelligent software applications, delivered through traditional phone networks and over the Internet. These applications facilitate automated interaction: personalized communication between people; mass communication for disseminating information to thousands of people concurrently; and personalized communication between people and automated systems. Ivrnet's applications are accessible through nearly any form of communication technology, at anytime from anywhere in North America via voice, phone, fax, email, texting and the Internet.

For Additional information please visit our website at www.ivrnet.com, or contact:

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.