IVP Technology (Tall)

[AKvetch]

From IVP press release,

http://www.ivptechnology.com/news/NewsReleaseJune-27-2002.html

...Mr. MacDonald also announced that IVP Technology Corporation has given notice to Orchestral Corporation, developers of the "PowerAudit" product, terminating its agreement with Orchestral relating to the distribution of "PowerAudit" for the United States and Europe. Mr. MacDonald was quoted as saying that "...with the agreement to distribute PowerAudit expiring in May 2003 it was IVP's board of director's view that a substantial investment in a marketing program could not be launched for a product where IVP neither owned the product nor the product name."...
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From IVP Technology Corp from 10KSB for 12/31/01, filed 4/15/02

SALES OF UNREGISTERED SECURITIES. Since January 1, 2001, IVP Technology
issued the following securities that have not been registered under the
Securities Act:

On or about April 26, 2001, IVP Technology issued 1,200,000 shares of
common stock to Gross Capital Associates for marketing and promotion consulting
services. These shares were valued at $0.14 per share, or an aggregate of
$168,000, on the date of issuance.

On or about April 26, 2001, IVP Technology issued 1,000,000 shares of
common stock to John Coady for financial advisory services. These shares were
valued at $0.14 per share, or an aggregate of $140,000, on the date of issuance.

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For the calendar year ended December 31, 2001, we incurred an overall
loss of $(1,211,148) or $(.03) per share, which was 56% less than the
$(2,765,609) loss we incurred for the comparative 12 month period ended December
31, 2000. Loss per share for the 12 months ended December 31, 2000 was $(.08).

REVENUES. We generated nominal revenue during the calendar year ended
December 31, 2001 in the amount of $67,358 from sales of the PowerAudit product.
Sales increased 68% from the comparative period ended December 31, 2000.