IVG Enterprises Ltd.

September 19, 2007 09:41 ET

IVG Enterprises Ltd.: News Release

CALGARY, ALBERTA--(Marketwire - Sept. 19, 2007) - IVG Enterprises Ltd. ("IVG" or the "Corporation") (TSX VENTURE:IVE) is pleased to announce that the teleconferencing meeting (the "Meeting") was duly convened on Tuesday, 18 September, 2007 at 8:30 Calgary time (or Tuesday 22:30 Hong Kong time).

A quorum of Directors was present throughout the Meeting. The Meeting was chaired by Mr. Lo Wing Hong and the following were considered and duly resolved at the Meeting.

1. the audited financial reports should be completed by the end of this year and submit a CTO revocation application to TSX to initiate the relevant process for revoking the CTO;

2. the Company would engage professional consultants for advising the Company to formulate the corporate restructuring and let the Shareholders Meeting approval in order to comply with TSX Venture Exchange requirements and resume trading;

3. the annual retainer for each director from August 2006 to August 2007 was waived;

4. Mr. Huang Wei Chen be and hereby authorize for and on behalf of the Company to duly execute the subject matters of the above (1) & (2) and all transactions contemplated thereby.

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

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