IVP Technology Corporation Sets November 29, 2004 for AGM

IVP Technology Corporation Sets November 29, 2004 for AGM 


TORONTO, Oct. 20  /PRNewswire-FirstCall/ -- IVP Technology Corporation, d.b.a.
ActiveCore Technologies, Inc., (OTC:TALL) (BULLETIN BOARD: TALL)  announced
today that it has sent its preliminary proxy circular to the SEC for an Annual
General Meeting to be held in Miami on November 29, 2004.

The preliminary proxy circular issued on October 18 2004 calls approval of the
Company name change to ActiveCore Technologies, Inc.; for reelection of the
current board of Directors, and approval of an amendment in the corporate
charter to allow the board of directors to determine the timing of splits or
reverse splits in common shares provided that the authorized shares remain
below 500,000,000.  The Board has already determined that it has the power to
request changes to its stock symbols, cusip number and exchange listings.
Management and the Board of Directors is requesting approval of the
shareholders to allow the Board to determine the timing and ratio of common
stock splits and reverse splits.  This will give the Board the ability to enter
into larger merger and acquisition transactions in the future or to facilitate
a split in shares to move off of the OTCBB market to other senior exchanges.

In other news the company announced that the International Brotherhood of
Electrical Workers, Local 105, which had previously provided a term loan to one
of ActiveCore's Canadian subsidiaries, has agreed to convert its debt to a
redeemable convertible preferred share issue and release its first position
security interest over the Canadian subsidiary.  Under the terms of the
agreement the union will receive dividends at the same rate that was formerly
paid in interest and the company will have the option to pay dividends and
redeem shares in cash or through issuance of restricted common shares.

Mr. MacDonald indicated that "the conversion of the IBEW debt to equity will
improve ActiveCore's overall balance sheet and reduce its working capital
deficit at a critical time.  As the company grows its sales, additional equity
on the balance sheet helps the company's debt/equity ratio and allows the
company to obtain additional operating facilities to assist in expanding the
company's revenue generating capacity."

Mr. Macdonald also commented on the company's 3rd quarter financial results and
indicated that they were basically in line with projections however preliminary
results will not be released until all the numbers have been finalized.  Mr.
MacDonald indicated that the Company should be in a position to release
preliminary numbers later in October once all its subsidiaries have concluded
their reviews.

About ActiveCore Technologies, Inc.

IVP Technology Corporation, d.b.a. ActiveCore Technologies, Inc. develops,
sells and implements the ActiveCore "Smart Enterprise" suite of products. These
products consist of data integration, web portal, enterprise and mobile
components and applications which give 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 trade name MDI
Solutions, C Comm Communications Inc. and Twincentric Limited. In combination
ActiveCore is able to service clients around the world with any type of IT
infrastructure.  For information about ActiveCore contact Brian MacDonald at
[phone]. Detailed information about ActiveCore can be found at
http://www.activecore.com/ and its sister sites http://www.twincentric.com/ and
http://www.mdisolutions.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: IVP Technology Corporation



CONTACT:  Brian MacDonald of IVP Technology Corporation, [phone]



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

http://www.activecore.com/

http://www.twincentric.com/

http://www.mdisolutions.com/ 

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