Ivrnet Announces acquisition of GO-IP.

    Ivrnet Inc. 25,913,168 Common Shares Issued
    Trading Symbol - IVI: TSXV

    CALGARY, Oct. 29 /CNW/ - Ivrnet, a leading provider of voice recognition
telephone services, is announcing today it has purchased GO-IP Inc.
    GO-IP's national connectivity partnerships will increase Ivrnet's ability
to cost effectively deliver telephony application in 28 markets around Canada.
Local access in rate centers outside the Calgary and Edmonton marketplace is
essential to Ivrnet's continued growth. In addition, Ivrnet expects to sell
additional technology to the existing GO-IP client base, giving them enhanced
services and improved network intelligence.
    The integration of the GO-IP sales force and technical expertise will
provide increased resources for further development of the Ivrnet Strategic
Dealer Network. In the short term the Go-IP team will continue to sell its
traditional customer premised solutions, while in the long term they will
refocus on Ivrnet's core network based applications.
    The Go-IP acquisition is part of a broader effort to provide network
access across the country that includes developing relationships with select
telco partners that share a common vision for network based telephony
    Dave Snell, the President of Ivrnet, said "this acquisition provides us
with increased reach in a growing new business market. I look at the GO-IP
acquisition as a further step to enhancing our North American presence."

    About GO-IP

    Based in Calgary, GO-IP was founded in 2005 to take advantage of new
telephony technologies and products. Our goal is to provide simple to use,
innovative business voice services to reduce costs and improve voice

    Ivrnet Inc. is based in Calgary, Alberta.

    About Ivrnet Inc. - Ivrnet is a technology company offering new ASP-based
business solutions comprising the integration of telephone and Web
technologies. Ivrnet offers these integrated solutions to the Golf, Medical
and Automotive industries as well as Unified Messaging services, Virtual
Telephone Switches, Call Centre, Conference Calling and Workflow tools across
all industries.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release. This
    information release may contain certain forward-looking information.
    Actual future results may differ materially from those contemplated. The
    risks, uncertainties and other factors that could influence the actual
    results are described in documents filed with regulatory authorities.

    %SEDAR: 00013393E

For further information:

For further information: please visit our website at www.ivrnet.com or
contact: David L. Snell, President, Ivrnet Inc., (403) 538-4540, eMail:

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