To: If only I'd held who wrote (3238 ) 8/17/2000 8:11:57 PM From: J. Nelson Read Replies (2) | Respond to of 3326 Found a late NEWS rel. thought you may wish to read. The three firms are very large Global clients etc. May go well for them with their new system. They could have a up swing in savings from the time spoke of in this news. Well I, hope you find it as intresting as I did. Regards, Jim..... Thursday August 17, 2:21 pm Eastern Time Press Release SOURCE: IVP Technology Corporation IVP Technology Announces Major Power Audit Sale in U.S. Speed, Accuracy and Productivity of PowerAudit Are Major Benefits MISSISSAUGA, ON, Aug. 17 /CNW-PRN/ - IVP Technology Corporation (OTC Bulletin Board: TALL - news), today announced the first major U.S. sale of its PowerAudit software to California-based Strategic Merchandising Partners Inc. (SMP), a third party sales and merchandising agency. Clients of Strategic Merchandising Partners (SMP) include Navarre Corporation, Lernout & Hauspie, and DK Publishing Inc. ``IVP is pleased to enter into a contract with a company of SMP's stature,'' said John Maxwell, IVP President. ``It validates the power of our software and reflects management's commitment to building IVP into the leading provider of business applications for the handheld computer market.'' ``PowerAudit is so beautifully designed, we bought it and scrapped similar software we had in development for six months,'' said Cheri Wells, Vice- President of SMP. ``With 180 remote sales staff across the U.S., timely and accurate reporting is the hardest part of our business. PowerAudit not only speeds up accurate reporting but is also easy to implement with minimal training. The software adapts to us and our lingo, and it has the flexibility to change all the way down to base terminology.'' ``We estimate that our field staff will save about 30% in administration time using PowerAudit. That means 30% more time for revenue-producing tasks. PowerAudit will also enable us to better serve our accounts. It will take us from monthly reporting to daily reporting. The software makes information useful on input and there's no manual tweaking necessary,'' said Cheri Wells. According to Ms. Wells, SMP has successfully field-tested PowerAudit and will roll it out nationally on September 1. PowerAudit is one of the few business software solutions designed exclusively for the handheld computing market. It supports full wireless capability. IVP is the sole distributor of PowerAudit software in the United States and the European Economic Community. Built around Microsoft's Windows CE operating system and uses the Internet in its communication and delivery architecture, PowerAudit software provides a secure platform for remote data collection and the rapid, efficient and cost-effective delivery of market intelligence to corporate decision-makers. IVP (http://www.ivptechnology.com/) is a public corporation which markets and distributes PowerAudit by virtue of a software distribution agreement with the developer, Orchestral Corporation. IVP maintains corporate offices in Mississauga Ontario. A number of statements contained in this release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties. The timely development of products and technologies, competitive market conditions, the successful integration of acquisitions and the ability to secure additional sources of financing are possible risks. The actual results that IVP may achieve may differ materially from any forward-looking statements due to such risks and uncertainties. SOURCE: IVP Technology Corporation