Shift Networks Inc.
TSX VENTURE : SHF

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 www.shiftnetworks.com.





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