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News and Events

ITSportsNet merges with Calgary technology company

Online sports administration software leader will benefit from enhanced product development

Calgary, Alberta (February 01, 2011) -- "This is an exciting time in our growth," says David Cooper President, ITSportsNet. "Merging our business and technologies with Ivrnet, a leader in integrated voice technologies, is going to make our product offerings to our sports administration customers stronger than ever before."

Cooper added that it is business as usual at ITSportsNet. "While we are merging the two companies, the ITSportsNet branding will remain intact. All of our employees will remain with us as we transition under the Ivrnet umbrella. In fact, we anticipate hiring additional people following the merger."

"The benefit for ITSportsNet customers is that this merger is going to strengthen our current suite of online sports administration products. Using Ivrnet's expertise in voice technologies will also enhance our customer support capabilities."

In the new organization, Cooper will become a significant shareholder of Ivrnet. He will also be stepping down as President of ITSportsNet to become Vice-President of Product with Ivrnet. "With the merger, I am looking forward to spending most of my time on product development and customer support - the areas of business development that I enjoy the most."

Comments David Snell, President, Ivrnet, "We are excited about working with David and his talented ITSportsNet team and look forward to the synergies that will be created when we combine our technologies."

Cooper is optimistic that the merger, which involves ITSportsNet shareholders receiving common shares of Ivrnet Inc. (TSX-V:IVI) for all ITSportsNet issued and outstanding shares and options, would be finalized by the end of March 2011. The transaction is still subject to a number of closing conditions, including the approval of the TSX Venture Exchange.

About ITSportsNet Calgary-based ITSportsNet is a recognized leader in online sports administration. Since 2000, the company has been providing sporting teams and organizations with a comprehensive suite of web-based software products that simplify and manage processes including registration, scheduling and website content. Today, ITSportsNet's online sports administration software products are used in Canada and the United States.

About Ivrnet 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 North America via voice, phone, fax, email, texting and the Internet.
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For more information, interviews and/or hi-rez photos, please contact:
Mr. David Cooper, President, ITSportsNet (403) 226-3040 ext. 101 cooper@itsportsnet.com