Proprietary software seen as complementary to ITSportsNet brand
CALGARY, Feb. 21, 2012 /CNW/ - Ivrnet Inc. ("Ivrnet") (TSX-V: IVI) is pleased to announce that it has signed a letter of intent to acquire
NeatWorx Web Solutions Inc. ("NeatWorx"), a privately held company
whose proprietary software delivers web-based content management,
registration, administration and payment solutions to sports clubs and
associations throughout North America.
"We believe NeatWorx will enhance the product, service and sales
offerings of ITSportsNet, the North American leader in online sports
administration, whom we acquired last year," explains David Snell,
President & CEO, Ivrnet. "We are optimistic that by adding some of
NeatWorx's online features such as camp registrations, birthday
bookings and recreational class registrations to ITSportsNet's total
product offerings, we will appeal a much broader customer base. As
well, NeatWorx's market presence in the United States parallels our
strategic growth plans for the ITSportsNet brand."
Gord Sissons, founder of NeatWorx adds, "Ivrnet shares our passion and
our values. It also opens up a range of new and exciting opportunities
for our customers, and makes possible a broader range of services and
capabilities than we could ever hope to deliver on our own."
NeatWorx is a Canadian leader in web-based content management,
registration and payment solutions focused on associations and sporting
clubs. On the strength of their club level registration solution,
NeatWorx has been endorsed as a preferred website and registration
provider by both Gymnastics Ontario and Gymnastics British Columbia.
NeatWorx also has a significant market presence among Canadian and U.S.
based federal and state level associations as well as private
businesses. More information about NeatWorx is available at www.neatworx.com
A division of Ivrnet Inc., ITSportsNet is the North American leader in
online sports administration. We provide cutting edge sports
administration software products that simplify and manage processes
including registration, scheduling and website content. Our online
sports registration and league management software tools save sports
administration teams time, money and manpower. www.itsportsnet.com
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 hi-rez visuals, please contact:
Mr. David L. Snell, Ivrnet Inc. President and CEO, (403) 538-4540 firstname.lastname@example.org
Mr. Gord Sissons, Founder of NeatWorx Web Solutions Inc, 1-855-632-8979 email@example.com
Mr. Neil Bousquet APR, Media Relations, Ivrnet (403) 256-8834 firstname.lastname@example.org