Ivrnet Inc. Announces Proposed Issuance of Shares for Services



    (TSX Venture Exchange: "IVI")

    CALGARY, Sept. 26 /CNW/ - Ivrnet Inc. (the "Company") announces that,
subject to regulatory approval, the Company has reached an agreement with
David Snell, President and a director of the Company, to issue 880,000 common
shares at $0.10 per share in compensation for services rendered as President
for the period of March 1, 2006 to June 30, 2007. Pursuant to applicable
securities legislation, the shares will be subject to a statutory restriction
on trading until the date that is 4 months from the date of issuance. However,
the agreement between David Snell and the Company extends this to a 3 year
restriction on trading from the date of issuance.

    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.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this News
    Release.

    %SEDAR: 00013393E




For further information:

For further information: please visit our website at www.ivrnet.com, or
contact: David Snell, President, TEL: (403) 543-4240, FAX: (403) 538-2621

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Ivrnet Inc.

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