CEO.CA Chairman's Briefing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, AB / ACCESSWIRE / November 22, 2023 / Ivrnet Inc. ("Ivrnet" or the "Company") (TSXV:IVI) announces that further to its news release dated October 30, 2023, the TSX Venture Exchange (the "TSXV") has advised that, effective as of the close of business on Friday, November 24, 2023, the common shares of the Company will no longer be listed for trading on the TSXV. Following this, the Company will continue as an unlisted reporting issuer under Canadian securities laws.

About Ivrnet
Ivrnet is a software and communications company that develops, hosts, sells and supports value‐added business automation software. The company's products and services are delivered through the Internet and traditional phone network. These applications facilitate automated interaction through personalized communication between people, mass communication for disseminating information to thousands of people concurrently, and personalized communication between people and automated systems.

For further information on Ivrnet, please contact:
Andrew Watts, President and CEO
PO Box 47078 Creekside, Calgary, Alberta, T3P 0B9
Tel/fax: 1.800.351.7227
E-mail: investors@ivrnet.com
Website: www.ivrnet.com

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect Ivrnet's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information.

Such statements and information reflect the current view of Ivrnet. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Such forward information and statements are based on numerous assumptions, including among others, that all conditions required for the purchase agreement with N. Harris Computer Corporation (the "Purchaser") whereby Ivrnet will issue 100 new common shares of the Company to the Purchaser, for an aggregate cash purchase price of $4,451,000, subject to certain adjustments (the "Transaction") will be fulfilled, that the Company will be able to obtain receipt of all creditors, regulatory and third party approvals required for the Transaction, and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended Accordingly, readers should not place undue reliance on forward-looking statements or information.

The forward-looking information contained in this press release represents the expectations of Ivrnet as of the date of this press release and, accordingly, is subject to change after such date. Accordingly, readers should not rely upon this information as of any other date. While Ivrnet may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

SOURCE: Ivrnet Inc.