Ignition Point Hires New CFO

    Elena Kinakin to Head Finance for Fiber Optic Equipment Company

    VANCOUVER, Feb. 4 /CNW/ - Ignition Point Technologies Corp. is pleased to
announce that Ms. Elena Kinakin has joined the company as Chief Financial
Officer, replacing Stephen Majlath who has resigned to pursue other
    Ms. Kinakin brings 20 years of finance experience, including senior
positions at a range of private and publicly held companies. Prior to joining
Ignition Point, Ms. Kinakin was Chief Financial Officer of Spectrum Signal
Processing Inc. Ms. Kinakin holds a Certified General Accountant designation.
    "We are extremely pleased to attract Elena to our executive," said Neil
McDonnell, Chief Executive Officer of Ignition Point. "As the company's
operating subsidiary Teraspan gains momentum capitalizing on the significant
growth in fiber deployment across the globe, Elena will be an important member
of our team. Her extensive experience managing the accounting and finance
functions in a high-tech, public company environment will be valuable during
the company's growth stage."

    About TeraSpan Networks

    TeraSpan is a product and services company which has developed and
commercialized a patent-pending "Vertical Inlaid Fiber" (VIF) system for the
rapid, non-disruptive, and low-cost deployment of fiber optic networks.
TeraSpan's cost effective last-mile solutions help companies and organizations
meet rapidly growing end user demand for "last mile" high-speed voice, video
and data communications applications.

    About Ignition Point

    Ignition Point Technologies Corp. (TSX-VEN:IPN) is a Vancouver-based
broadband communications company providing innovative solutions to expand
connectivity to public and private networks. Ignition Point's operating
subsidiary is TeraSpan Networks Inc. www.teraspan.com. For more information,
visit www.ignitionpoint.ca.

    This news release contains certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical fact, that address events or developments that the
company expects to occur, are forward looking statements.
    Forward looking statements are statements that are not historical facts
and are generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. Although the company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results may differ materially from those in forward looking statements.
Factors that could cause the actual results to differ materially from those in
forward-looking statements include market prices, continued availability of
capital and financing and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. Forward looking statements
are based on the beliefs, estimates and opinions of the company's management
on the date the statements are made. The Company undertakes no obligation to
update these forward-looking statements in the event that management's
beliefs, estimates or opinions, or other factors, should change except as
required by law.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.

For further information:

For further information: Press Contact: Elena Kinakin, Chief Financial
Officer, Ignition Point Technologies Corp., Phone: (604) 633-9090

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