IVP Technology (Tall)

[Bobwins]

New Tall info. Q4 earnings about the same as q3.

ActiveCore Technologies, Inc., formerly IVP Technology Corporation, (OTCBB:TALL) announced today that Mr. Brian MacDonald, Chairman of the Board, has tendered his resignation to the board effective January 14, 2005, due to deteriorating health.

In his letter to ongoing members of the board, Mr. MacDonald indicated that he has "been experiencing a deteriorating condition that will require that I undergo certain medical procedures and other treatments that will restrict the amount of time and attention that I can devote to ActiveCore's operations and governance. (The) speed at which we have been building the company have taken its toll on my health and I need time to recover and prepare for an operation that I will need to undergo in the next few months."

Mr. MacDonald also went on to say, "I have a great deal of respect for, trust and faith in the other members of the management group and believe that my departure will not restrict the company from growing its revenues and profitability. We have a strong base of executives in the company that manage the day-to-day operations of the various subsidiaries and both Peter Hamilton and John Choy are fully capable of managing the public company reporting and finance side of the parent company. I would be pleased, time and medical condition permitting, to continue to offer whatever assistance I can to the company and to the board members for continuity purposes." The board of directors has not yet named a chairman to replace Mr. MacDonald.

ActiveCore has been growing its revenue and profitability rapidly. In the 3 months ended September 30, 2004 gross revenue was $1,694,452 an increase of $588,920 or 53.3% over the $1,105,532 recorded in the second quarter ended June 30, 2004. On a year-to-date basis, the company earned revenue of $2,994,479 for the 9 months ended September 30, 2004 an increase of 741% over the $355,776 recorded for the 9 months ended September 30, 2003.

Profit from operations for the three months ended September 30, 2004, was $600,863. Net income for the 9 months ended September 30, 2004, was $570,882 or 0.0015 per share on the nine month weighted average 387,810,403 shares outstanding. Although the fiscal year end statements have not yet been completed, the company believes that results for the fourth quarter ended December 31, 2004, will be approximately the same as for the third quarter ended September 30, 2004. This would indicate an estimated earnings per share of slightly less than a half cent per share.