ActiveCore Announces Improved Financial Results for Fiscal 2003

ActiveCore Announces Improved Financial Results for Fiscal 2003



TORONTO, May 7  /PRNewswire-FirstCall/ -- IVP Technology Corp.  (BULLETIN
BOARD: TALL) , d.b.a. ActiveCore Technologies, Inc., has announced
significantly improved financial results for the 2003 fiscal year in its 10KSB
filing to be made today with the SEC.

In the 10KSB filing for December 31, 2003, ActiveCore revealed that revenues
almost doubled to $612,953 over the $314,063 recorded in the fiscal year ended
December 31, 2002.  Primary reasons for the increase were the ongoing success
of the company's MDI Solutions group, which specializes in healthcare data
integration services and software, and recent inroads into the financial
services market.  The net loss for the most recent fiscal year was $1,845,984
or $(0.01) per share versus fiscal 2002's loss of $21,831,664 or $(0.32) per
share.  The weighted number of shares outstanding at December 31, 2003 was
190,536,415 versus 66,013,725 in the fiscal 2002 period.

The company also marked a major turnaround on its balance sheet with assets
rising to $1,256,370 in the 2003 fiscal year from $637,117 at the fiscal year
ended 2002.  Liabilities fell from $15,121,769 at the end of December, 2002 to
$2,392,173 on December 31, 2003.  Total stockholder deficiency also decreased
to $1,135,803 from $14,484,653.

Brian MacDonald, Chairman and CEO of ActiveCore said, "we expect further
improvements in our financial statements as we progress through the 2004 fiscal
year.  In the first quarter of 2004 we sold certain assets associated with of
our cell phone game/ring tone development staff and our attendant game/ring
tone distribution portals to concentrate on our mission of selling Smart
Enterprise Suite software and services.  Our Smart Enterprise products and
services are sold tactically and "integrate, enable and extend" internal
applications and processes in healthcare, financial services, education and
government sectors.  Proceeds from the sale of the game assets, details of
which were previously announced, will be recorded in this year's first quarter
financials and result in ongoing interest and royalty revenues which will
extend out for several years.  Our debt/equity position will be favorably
impacted by the sale, which, in turn, should allow us to expand our operations
and grow our sales and marketing activities into other areas within our overall
technology and business roadmap."

About ActiveCore Technologies, Inc.

IVP Technology Corporation, d.b.a. ActiveCore Technologies, Inc. develops,
sells and implements its "Smart Enterprise" suite of products.  These products
consist of web portal, enterprise and mobile components and applications which
provide organizations of all sizes the capability to "integrate, enable and
extend" back office systems to connect to customers and stakeholders.
ActiveCore also operates under the name MDI Solutions, an IT and specialized
integration service primarily to the healthcare industry.

For information about ActiveCore contact Brian MacDonald at [phone]. 
Detailed information about ActiveCore can be found on the website
http://www.activecore.com/.

Statements contained in this news release regarding IVP Technology and planned
events are forward-looking statements, subject to uncertainties and risks, many
of which are beyond IVP Technology's control, including, but not limited to,
reliance on key markets, suppliers, and products, currency fluctuations,
dependence on key personnel and trade restrictions, each of which may be
impacted, among other things, by economic, competitive or regulatory
conditions. These and other applicable risks are summarized under the caption
"Risk Factors" in IVP Technology's Registration Statement on Form SB-2 filed
with the Securities and Exchange Commission on December 24, 2003.
Forward-looking statements by their nature involve substantial risks and
uncertainties. As a result, actual results may differ materially depending on
many factors, including those described above. 

DATASOURCE: ActiveCore Technologies, Inc.



CONTACT:  Brian MacDonald, [phone], for ActiveCore Technologies,

Inc.



Web site:  http://www.ivptechnology.com/

http://www.activecore.com/ 

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