(TSX Venture Exchange: "IVI") Issued Common Shares: 29,044,062
Should the license be approved, the subsidiary, Ivrnet International intends to raise initial set-up and operational funds through an equity financing of at least
"We are very pleased to have a chance to be involved in the re-development of
About Ivrnet Inc. - Ivrnet is a communications company that develops and operates intelligent software applications, delivered through traditional phone networks and over the Internet. These applications facilitate automated interaction; personalized communication between people; mass communication for disseminating information to thousands of people concurrently; and personalized communication between people and automated systems. Ivrnet's applications are accessible through nearly any form of communication technology, at anytime from anywhere in
Forward-Looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. We use words such as "may", "will", "should", "endeavor", "anticipate", "plan", "expect", "intend", "believe", "estimate" and similar terminology to identify forward looking information and statements, including, without limitation, with respect to obtaining a regional license spectrum from the Iraqi Ministry of Communication and the ability for Ivrnet International to successfully complete the Financing. Such forward-looking statements are based upon assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward looking information and statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward looking information and statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include, but are not limited to, the fact that the license may never be granted, the limited financial resources of Ivrnet and Ivrnet International and the availability of financing alternatives; operational and technical difficulties; permits and licenses; fluctuations in currency exchange rates; changes in general economic conditions or conditions in the financial markets; risks and hazards related to the current political upheaval in
Readers are cautioned that the foregoing lists of risks, uncertainties and other factors are not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Ivrnet and Ivrnet International undertake no obligation to update publicly or revise any forward-looking information or statements contained herein or in any other documents filed with Canadian and U.S. securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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For further information: please visit our website at www.ivrnet.com, or contact: David L. Snell, Ivrnet Inc., President and CEO, (403) 538-4540, eMail: [email protected]
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