Ivrnet closes deal to acquire TxtMeNow, a leading mobile marketing company

CALGARY, Feb. 23, 2012 /CNW/ - Ivrnet Inc. ("Ivrnet") (TSX-V: IVI) is pleased to announce that it has received the approval of the TSX Venture Exchange and completed the previously announced transaction to acquire Calgary-based TxtMeNow mCommerce Inc. ("TxtMeNow").  TxtMeNow is a recognized leader in helping North America's leading brands to leverage text messaging, mobile websites, and data analytics into their marketing strategies.

About TxtMeNow
Formed in 2009, TxtMeNow mCommerce Inc. has been helping some of North America's leading brands to leverage text messaging, mobile websites and data analytics into their marketing strategies. TxtMeNow technologies assist marketers to quantify advertising, reduce customer acquisition costs and add value to customers.  Through their engagements with Microsoft, Open Text, Mr. Lube, Canada Safeway, Old Dutch, Mark's, and even helping Calgary Mayor Naheed Nenshi get elected, TxtMeNow has demonstrated consistent excellence and innovation in the mobile marketing space. www.txtmenow.ca

About Ivrnet Inc.
Ivrnet is a Software as a Service (SaaS) provider whose in-depth knowledge of voice and data applications enables it to be a valuable asset to business. Ivrnet's on demand software solutions improve business communications and drive revenue while saving time, reducing costs and enhancing a company's bottom line. We perform in virtually every industry sector. Our software technologies are also strategically designed to help businesses strengthen customer relationships and promote loyalty 24/7/365. www.ivrnet.com

Forward Looking Information
This news release contains certain forward-looking information ("forward-looking information") within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "expect", "may", "will", "project", "should" or similar words suggesting future outcomes. In particular, this press release includes forward-looking information relating to the anticipated benefits of the ITSportsNet acquisition. Ivrnet believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.

Forward-looking information is based on various assumptions. Those assumptions are based on information currently available to Ivrnet.  Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Ivrnet's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward- looking information. Except as required by law, Ivrnet assumes no obligation to publicly update or revise any forward-looking information made as of the date hereof with new information, subsequent or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE IVRnet Inc.

For further information:

For more information, interviews or high-resolution visuals, please contact:
Mr. David L. Snell, Ivrnet Inc. President and CEO. (403) 538-4540  d.snell@ivrnet.com
Mr. Hanif Mohamed, Marketing & Commercialization Manager, Ivrnet Inc. (403) 538-9775, h.mohamed@ivrnet.com
Mr. Neil Bousquet APR Media Relations, Ivrnet (403) 256-8834 prwizard@prwizard.ca


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