IP Applications Grants Incentive Stock Options

    VANCOUVER, Sept. 3 /CNW/ - IP Applications Corp. (TSX-Venture: IPX) ("IP
Applications" or the "Company") announces that, on August 27, 2009, it has
granted incentive stock options to its officers, directors and employees under
its existing fixed Stock Option Plan entitling them to purchase a total of
954,000 common shares of the Company. All options are priced at $0.12 per
share, are exercisable for a period of 5 years and vest in stages over a
period of not less than 18 months. This grant is subject to regulatory

    About IP Applications Corp.

    IP Applications Corp. (www.ipapplications.com) delivers subscription
billing and recurring payments for online subscription businesses. The
Company's billing software, recurring payments processing and technical
support services support SaaS and Cloud Computing businesses as well as
internet service providers. Established in 1998, the Company's client roster
includes Sprint Nextel, Bell Mobility, Amway Corporation and AOL Canada. For
more information on the Company and its services, see www.ipapplications.com.

    Forward-Looking Statements

    This news release contains forward-looking statements. Actual events or
results may differ materially from those described in the forward-looking
statements due to a number of risks and uncertainties, including changes in
financial and product market conditions. Forward-looking statements are based
on management's estimates, beliefs, and opinions. The Company assumes no
obligation to update forward-looking statements, other than as may be required
by applicable law.

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

For further information:

For further information: John Bean, CFO, D (604) 630-5657, E

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