ActiveCore Announces Appointment of New CFO TORONTO, July 1 /PRNewswire-FirstCall/ -- IVP Technology Corp. (OTC:TALL) (BULLETIN BOARD: TALL) , d.b.a. ActiveCore Technologies, Inc., announced today that Mr. John Choy will join the company as its new Senior Vice President and Chief Financial Officer effective July 14, 2004. Mr. Choy is a versatile executive with broad finance, accounting, planning and I.T. experience in financial services, high-tech, and manufacturing and consumer markets. Prior to his appointment by ActiveCore Technologies, Inc. Mr. Choy held senior finance positions at major corporations such as H.J. Heinz Company, Bank of Montreal and ATI Technologies Inc. Mr. Choy has experience in the Far East, North America and Europe and has held the CFO position in several companies since 1990. Most recently Mr. Choy was CFO of a global company in the entertainment industry. While his experience is broad based, his proven strengths include: strategic financial management, shareholder value enhancement, business acquisition analysis and merger integration and ensuring cross jurisdiction financial management. Mr. Choy is a Chartered Certified Accountant with a Masters degree in Management from Durham University Business School in the UK. Brian MacDonald, Chairman and CEO of ActiveCore said "We are really looking forward to John joining us in the next several weeks. We have recently invested in several significant acquisitions and grown the company on a transactional and revenue basis quite considerably over the past three months. John's experience at managing the financial and organizational issues that are faced in organizations that are rapidly expanding will be well used at ActiveCore and ensure more timely financial reporting." About ActiveCore Technologies, Inc. IVP Technology Corporation, d.b.a. ActiveCore Technologies, Inc. develops, sells and implements its own "Smart Enterprise" suite of products. These products consist of web portal, enterprise and mobile components and applications which give organizations of all sizes the capability to "integrate, enable and extend" back office systems to connect to customers and stakeholders. ActiveCore also operates under the trade name MDI Solutions, C Comm Communications Inc. and Twincentric Limited. In combination ActiveCore is able to service clients around the world with any type of IT infrastructure. For information about ActiveCore contact Brian MacDonald at (416) 252-6200. Detailed information about ActiveCore can be found on the website http://www.activecore.com/ . Statements contained in this news release regarding IVP Technology and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond IVP Technology's control, including, but not limited to, reliance on key markets, suppliers, and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in IVP Technology's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on December 24, 2003. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above. DATASOURCE: ActiveCore CONTACT: Brian MacDonald of ActiveCore, +1-416-252-6200 Web site: http://www.activecore.com/ http://www.ivptechnology.com/

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