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ActiveCore Announces Acquisition of C Comm Network Corporation
TORONTO, May 7 /PRNewswire-FirstCall/ -- IVP Technology Corp. (BULLETIN
BOARD: TALL) , d.b.a. ActiveCore Technologies, Inc., announced today that it
has acquired all the issued shares of C Comm Network Corporation, a privately
held Toronto based company, effective May 6, 2004. The purchase price,
approximately USD 475,000, will be satisfied by issuance of ActiveCore shares.
C Comm is a corporate message broadcasting service which employs communication
media such as Facsimile, Voice, SMS text, MMS graphics and e-mail to deliver
dedicated messages to an organization's customers, partners, employees and
other stakeholders in the mode preferred by the recipient. C Comm's outbound
messaging capability provides ActiveCore with a key technology infrastructure
platform which will combine with the capabilities of its DynaPortal and
ActiveLink products. The company will begin marketing C Comm's capabilities
under the product category "ActiveCast". Using ActiveCast the company will
begin to offer a complete range of inbound data capture, legacy data base
access, and outbound messaging products and services.
Brian MacDonald, Chairman and CEO of ActiveCore said "We believe that the
addition of C Comm's existing customer base will allow our revenue from this
portion of our business to reach approximately USD 1 million by the end of the
current fiscal year. Revenue from this division will be recurring and brings
with it a high profit margin. In the last week we also added four additional
experienced sales personnel to augment C Comm's existing sales force."
Robert Schieren, spokesman for C Comm Network Corporation commented "we are
very excited by the purchase of our company by ActiveCore and by the ability to
link our technology and customers with ActiveCore's portal and data base
integration capabilities. Companies such as J2 Global and Xpedite have already
demonstrated that linking back office systems through specialty portals to
outbound communication media is a powerful tool for creating truly "Smart"
enterprises. ActiveCore's growing customer base in health care, financial
services and government provide the perfect market sectors for rapid
expansion."
About ActiveCore Technologies, Inc.
IVP Technology Corporation, d.b.a. ActiveCore Technologies, Inc. develops,
sells and implements its own "Smart Enterprise" suite of products. These
products consist of 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 name MDI Solutions, as an IT
and specialized integration service primarily to the healthcare industry. For
information about ActiveCore contact Brian MacDonald at (416) 252-6200.
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 of ActiveCore Technologies, Inc.,
+1-416-252-6200
Web site: http://www.activecore.com/