Calgary, Alberta (February 21 2012) -- Ivrnet Inc. ("Ivrnet") (TSX-V: IVI) is pleased to announce that it has signed a letter of intent to acquire NeatWorx Web Solutions Inc. (“Neatworx”), a privately held company whose proprietary software delivers web-based content management, registration, administration and payment solutions to sports clubs and associations throughout North America.

“We believe NeatWorx will enhance the product, service and sales offerings of ITSportsNet, the North American leader in online sports administration, whom we acquired last year,” explains David Snell, President & CEO, Ivrnet.  “We are optimistic that by adding some of Neatworx’s online features such as camp registrations, birthday bookings and recreational class registrations to ITSportsNet’s total product offerings, we will appeal a much broader customer base.  As well, Neatworx’s market presence in the United States parallels our strategic growth plans for the ITSporsNet brand.”

Gord Sissons, founder of NeatWorx adds, “Ivrnet shares our passion and our values. It also opens up a range of new and exciting opportunities for our customers, and makes possible a broader range of services and capabilities than we could ever hope to deliver on our own.”

About NeatWorx
NeatWorx is a Canadian leader in web-based content management, registration and payment solutions focused on associations and sporting clubs. On the strength of their club level registration solution, NeatWorx has been endorsed as a preferred website and registration provider by both Gymnastics Ontario and Gymnastics British Columbia. NeatWorx also has a significant market presence among Canadian and U.S. based federal and state level associations as well as private businesses. More information about NeatWorx is available at  www.neatworx.com

About ITSportsNet
A division of Ivrnet Inc., ITSportsNet is the North American leader in online sports administration.  We provide cutting edge sports administration software products that simplify and manage processes including registration, scheduling and website content. Our online sports registration and league management software tools save sports administration teams time, money and manpower. www.itsportsnet.com

About Ivrnet Inc.
Ivrnet is a Software as a Service (SaaS) provider whose in-depth knowledge of voice and data applications enables it to be a valuable asset to business. Ivrnet’s on demand software solutions improve business communications and drive revenue while saving time, reducing costs and enhancing a company’s bottom line. We perform in virtually every industry sector. Our software technologies are also strategically designed to help businesses strengthen customer relationships and promote loyalty 24/7/365. www.ivrnet.com

For more information, interviews or hi-rez visuals, please contact:

Mr. David L. Snell, Ivrnet Inc. President and CEO, (403) 538-4540  d.snell@ivrnet.com
Mr. Gord Sissons, Founder of NeatWorx Web Solutions Inc, (855) 632-8979 gord@neatworx.com
Mr. Neil Bousquet APR, Media Relations, Ivrnet (403) 256-8834 prwizard@prwizard.ca