Shift Networks Inc.

Shift Networks Inc.

May 19, 2006 10:51 ET

Shift Networks Announces Financing

CALGARY, ALBERTA--(CCNMatthews - May 19, 2006) -

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Shift Networks Inc. (TSX VENTURE:SHF), one of Canada's leading providers of hosted Voice over IP phone services for small to medium sized businesses, today announced that it intends to proceed with a brokered private placement, subject to regulatory approval, to raise up to $5,000,000 ("Private Placement").

Loewen, Ondaatje, McCutcheon Limited will be acting as lead agent on a best efforts basis for this Private Placement.

Shift Networks is a leader in next generation IP communications services for small to medium-sized businesses. Shift Networks trades on the TSX Venture Exchange under the symbol "SHF". Please visit our website at

The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.

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