Shift Networks Inc.
TSX VENTURE : SHF

Shift Networks Inc.

January 10, 2007 15:50 ET

Shift Networks Inc.: Amendment to July 2005 Convertible Debenture

CALGARY, ALBERTA--(CCNMatthews - Jan. 10, 2007) - Shift Networks Inc. (TSX VENTURE:SHF) (www.shiftnetworks.com) announced today that, subject to regulatory approval, the Corporation has amended the maturity date of a secured convertible debenture (the "Debenture") issued in July, 2005, from December 31, 2006 to January 31, 2007. All other terms of the Debenture shall remain the same.

About Shift Networks

Shift Networks Inc. (TSX VENTURE:SHF) is reinventing the business phone company by combining premium hosted IP communications services, an exclusive focus on business customers, and unmatched customer service. Shift provides service in urban markets across Canada, including Toronto, Ottawa, Calgary, Edmonton, Vancouver and Victoria. Visit us at www.shiftnetworks.com.

Except for historical information, this press release contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions, and other risks detailed from time-to-time in the Company's ongoing filings. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this press release might not occur.

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

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