IVRNET INC.

IVRNET INC.

March 10, 2005 08:00 ET

Ivrnet and PBS Systems Announce Partnership to Provide the World's 1st Dealer Management System With Advanced Telephone Functionality


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: IVRNET INC.

TSX VENTURE SYMBOL: IVI

MARCH 10, 2005 - 08:00 ET

Ivrnet and PBS Systems Announce Partnership to Provide
the World's 1st Dealer Management System With Advanced
Telephone Functionality

CALGARY, ALBERTA--(CCNMatthews - March 10, 2005) - Ivrnet Inc. (TSX
VENTURE:IVI) ("Ivrnet") announces a partnership with PBS Systems Inc.
("PBS") to integrate and distribute advanced telephony service-the use
of the telephone in business communications-to the North American
automotive industry. David Snell, President of Ivrnet says, "We will
work together to provide the world's first Dealer Management System that
is completely integrated with advanced telephone functionality."

"The telephone is the ideal tool for simplifying the business of an auto
dealership," says Snell. "It is substantially more secure than the
Internet, is thoroughly understood by users everywhere, and is the only
tool that is possessed by absolutely everyone." Ivrnet's primary role in
the partnership will be as a technology provider and developer. Ivrnet
will provide automated calling services that will be marketed under the
PBS brand, and PBS will establish a sales force and channel to bring the
technology to market. Revenues generated will be shared between the
partners.

David Bradley, president of PBS says, "Integration of our software
allows us to provide unprecedented service to thousands of customers
across North America. Our partnership will not require substantial new
development, but rather integration to allow for proven technology to be
moved into new markets." Integration is targeted to begin in the second
quarter of 2005, with revenues targeted to begin in the third or fourth
quarter. Development of product specifications is underway.

The new system will allow an auto dealership's software to directly
interact with customers through voice recognition and touch-tone
technology. It allows the software to become a 'person'-to phone and
receive customer calls without human involvement. The system could call
customers for appointment reminders or car pick-ups, and also book
appointments 24 hours a day. Benefits for auto dealerships include: a
dramatic reduction in customer service costs, a big increase in the
level of customer support, and better and faster client communications.

Snell says no other system exists today that allows information to be
moved freely into and out of a dealer management system through the
telephone with the same advanced level of interaction and control for
customers. "The customer sets the rules, and the software abides by
them. You can tell the dealership to only call you in the mornings, or
you can direct the system to only fax you on Saturdays."

About Ivrnet Inc. - Ivrnet is a technology company with an emphasis on
offering new ASP-based business solutions comprising the integration of
Interactive Voice Response (IVR) and WEB technologies.

About PBS Systems Inc.. - PBS Systems is North America's largest and
most established supplier of Microsoft Windows based Dealer Management
Software, and the largest Canadian supplier of Dealership Management
Software. Five times larger than its next Canadian competitor and first
to market with products in 1995, PBS software manages all aspects of an
auto dealership's sales, service, parts, finance, and insurance
operations. PBS is a founding member of the STAR Alliance, a standard
for information exchange adopted by most major automotive manufactures
and suppliers.

This information release may contain certain forward-looking
information. Actual future results may differ materially from those
contemplated. The risks, uncertainties and other factors that could
influence the actual results are described in documents filed with
regulatory authorities.

Issued Common Shares: 16,000,668

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    PBS Systems Inc .
    Dave Bradley
    President
    (403) 253-6304
    Email: daveb@pbssystems.com
    Website: www.pbssystems.com
    or
    Ivrnet Inc.
    David L. Snell
    President
    (403) 538-4540
    Email: d.snell@ivrnet.com
    Website: www.ivrnet.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.