To: Jim Bishop who wrote (36411 ) 3/14/2000 8:56:00 AM From: gdog Respond to of 150070
to all tall holders, news ONTARIO, Mar 14, 2000 /PRNewswire via COMTEX/ -- Mr. John Maxwell, President of IVP Technology Corporation (OTC Bulletin Board: TALL), is pleased to announce they have agreed to terms on a Multi-Year Contract Extension with PowerAudit's developer, Orchestral Corporation. IVP is the sole distributor of PowerAudit Software in the United States and the European Economic Community. PowerAudit Software has full wireless capability through the latest generation of handheld computers, one of the major engines driving the huge growth of the handheld computing market. Mr. Maxwell also reports that IVP has agreed in principle to $6 Million in private placement funding which will augment the Company's marketing team and fuel IVP's rapid expansion. "This additional financing is another big step in putting our aggressive plan into action. This, following the announcement that PowerAudit software has full wireless capability, along with the growing interest shown for PowerAudit in Eastern Europe and the Far East, continues to fuel the excitement about our prospects," he said. In addition, IVP is completing Due Diligence on three separate acquisition candidates in the wireless hardware/software arena. In this regard, IVP expects to announce further developments very soon. In other Company news, IVP is in the process of addressing SEC Requirements ensuring timely compliance with NASD rule changes. These compliance issues are a top priority for the Company, who plan to be fully reporting. IVP will make additional announcements in this regard shortly. For further information on IVP Technology Corporation visit IVP's Website at: ivptechnology.com , or contact: Brad Maxwell at M. Johnson & Associates toll free at 877-893-8668. This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent filings. Under no circumstances does this press release constitute an offer to sell or a solicitation of an offer to buy the securities of the Company described in this press release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.