IP Applications Signs Services Contract with Electrolinks to Deliver Canada's First Commercial Broadband Over Power Lines (BPL) Offering

IP Applications Signs Services Contract with Electrolinks to Deliver Canada's First Commercial Broadband Over Power Lines (BPL) Offering VANCOUVER, BC, Jan. 26 /PRNewswire-FirstCall/ -- IP Applications Corp. ('IP Applications') (TSX-Venture: IPX), a leading provider of comprehensive outsourced Internet solutions, today announced it has signed an agreement with leading Canadian BPL provider Electrolinks Corporation of Toronto, a leading provider of commercial Broadband Over Power Lines (BPL) solutions. BPL technology uses the power grid to deliver high speed data along with electricity enabling robust Internet access and a host of other essential applications including demand side management to assist the power company in metering and managing the delivery of power to the end user. Electrolinks provides 128-bit encrypted High Speed data and voice solutions that utilize any electrical infrastructure using BPL. Electrolinks' solutions can be mass deployed in hotels, condominiums, malls, schools, government, and residential areas - servicing Business-to-Business and Business-to-Consumer markets. In addition, Electrolinks provides an Industrial Access BPL solution, training and BPL network toolkit for rollout through Hydro Utilities across North America. Under the one year agreement IP Applications will provide the turnkey back office solution including account management, billing, service provisioning, reporting and technical services required to support Electrolinks' Power1 Network Solution, Canada's first commercial BPL offering targeted to high density commercial and residential buildings in North America. Electrolinks' President and CTO, Neil Appalsamy said, "We've developed turnkey BPL solutions that allow hydro utilities and telecom providers to cost-effectively implement as well as manage and support BPL-related services and subscribers. We researched the market for a company who could handle our requirements for back office and technical support and believe IP Applications' technical expertise and operational excellence will enable us to quickly enter and expand the market for BPL service across North America." According to the United Power Line Council, the BPL market is expected to hit $US2.5 billion in North America by 2010. IP Applications' President and CEO, Mark Sampson said, "This contract continues to define our leadership position in the emerging BPL market and is recognition of our ability to play a significant role in the delivery of quality, high speed IP services throughout North America. BPL is fast becoming a competitive force in the delivery of broadband applications and we are excited about the opportunities this emerging access technology will provide." About IP Applications IP Applications provides comprehensive outsourcing solutions that enable service providers to deliver high quality Internet services. A leading provider in the industry, IP Applications has an enviable customer list, providing secure Internet outsourcing solutions to AOL Canada, Sprint, Telus, Melaleuca, Quixtar, Skycable and Navigata. IP Applications meets Internet service providers' needs by combining its customer-branded web-based account management, provisioning, billing and support platform with a full range of end user services including: authentication, email, personal web hosting, spam blocking, content filtering, email virus scanning, network acceleration, information portal, North American network and call center coverage. Forward Looking Statements This press release may contain forward-looking statements. Actual events or results may differ materially from those described in the forward-looking statements due to a number of risks and uncertainties. Forward-looking statements are based on management's estimates, beliefs and opinions. The company assumes no obligation to update forward looking statements. The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release. Signed: "Shay Prasad" Shay Prasad Chief Financial Officer Contacts: Shay Prasad, CFO (Investor Relations) TF 1.877.604.7277 x 127 D 604.523.2567 E sprasad@ipapp.com Neil Appalsamy, President and CTO D 1.416.924.0110 x 206 E nappalsamy@electrolinks.com Source: IP Applications Corp. CONTACT: Shay Prasad, CFO (Investor Relations), TF 1-877-604-7277 x 127, D (604) 523-2567, E sprasad@ipapp.com; Neil Appalsamy, President and CTO, D 1-416-924-0110 x 206, E Nappalsamy@electrolinks.com ------- Profile: International Entertainment