IVRNET Acquires Gymsmart

Ivrnet acquires Gymsmart, an online Gymnastics Club management system

Gymsmart software seen as complementary to Ivrnet’s ITSportsNet brand

Calgary, Alberta (July 25 2011) -- Ivrnet Inc. ("Ivrnet") (TSX-V: IVI)is pleased to announce that it has successfully acquired Gymsmart, a British Columbia-based leader in the online management of Gymnastics Clubs.  Under the terms of the agreement, Calgary-based Ivrnet has agreed, on a forward-looking basis only, to support existing customers using the most appropriate software from either Gymsmart or Ivrnet.

Ivrnet President and Chief Executive Officer David Snell explained that Ivrnet and Gymsmart owner Shelley Moerike have agreed to a split of revenues collected from Gymsmart clients who remain with Ivrnet. 

“We see this as a complementary business to ITSportsNet whom we acquired earlier this year,” says Snell. “ITSportsNet is a recognized international leader in online sports administration, providing sporting teams and organizations with a comprehensive suite of web-based software products that simplify and manage processes including registration, scheduling and website content.”

About Gymsmart

Gymsmart is an effective and versatile online management system that manages all aspects of a gymnastics club. More than an online registration system, Gymsmart’s internet-based applications truly revolutionize how a gym club is administered. Gymsmart clients are located in British Columbia, Alberta and Ontario.

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-res visuals please contact:

Mr. David L. Snell, Ivrnet Inc. President and CEO (403) 538-4540

d.snell@ivrnet.com


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