To: StocksDATsoar who wrote (65759 ) 10/2/2000 12:43:20 PM From: Jim Bishop Respond to of 150070 TALL financing news IVP Technology Corporation Announces $1.25 Million Short-Term Financing MISSISSAUGA, Ontario, Oct 2, 2000 /PRNewswire via COMTEX/ -- IVP Technology Corporation (OTC Bulletin Board: TALL), announced today that the Company has arranged a $1.25 million equity line with a private financier. "The significance of this interim financing is that it launches a critical series of events for the Company. It allows us to close contracts we've been negotiating and to execute our business plan. We chose not to raise any more capital than we need to execute our business plan between now and the anticipated effective date of the registration statement we will be filing shortly with the Securities and Exchange Commission (SEC)," stated IVP President John Maxwell. Mr. Maxwell said that the completion of current negotiations will position IVP to aggressively accelerate the marketing of PowerAudit in the USA and the European market. According to Mr. Maxwell, in addition to this short-term financing, the critical path between October and end of December is to complete long-term financing, to file a registration statement with the SEC, and then to build out the marketing and technical support teams for the Company. IVP Technology Corporation (www.ivptechnology.com) markets and distributes PowerAudit by virtue of a software distribution agreement with the developer, Orchestral Corporation. PowerAudit is an enterprise-oriented, remote market-intelligence, data collection, management and reporting system. It enables timely decision-making by quickly supplying useable data through widely available hardware, the Internet and intuitive, easy-to-use software. The PowerAudit edge comes from both the software's architecture and its ability to be customized for utilization by virtually any industry. 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 CONTACT: John Maxwell of IVP Technology Corporation, 905-306-9343; or Barry Gross of Gross Capital Associates, 361-949-4999, for IV Technology Corporation (TALL) prnewswire.com (C) 2000 PR Newswire. All rights reserved. -0- KEYWORD: Ontario INDUSTRY KEYWORD: CPR SUBJECT CODE: FNC OTC *** end of story ***