IP Applications CFO Resigns - Interim CFO appointed - Stock Options Granted

VANCOUVER, Sept. 23 /CNW/ - IP Applications Corp. (TSX-Venture: IPX), a
leading provider of outsourced Internet Solutions, today announced the
resignation of CFO, Shay Prasad who is leaving to pursue new opportunities.
Mr. Prasad served as IP Applications' CFO for the past four years and
contributed significantly to the Company's evolution.
Mark Sampson, President and CEO of IP Applications said, "We would like
to thank Shay for his hard work and commitment during the last four years and
wish him every success in his new endeavors."
The Company has appointed Rich Topham as interim CFO while it initiates a
search to find a permanent finance chief. Rich Topham, a CA by training is a
seasoned financial consultant who has worked with the Company on previous
occasions.
IP Applications is pleased to announce the grant of incentive stock
options to purchase up to 137,900 common shares to the employees of the
Company. The options will be exercisable at a price of $0.55 per share on or
before September 22, 2010.

About IP Applications
IP Applications enables its partners by offering branded IP services,
providing the applications, systems, and support necessary to run their
business. The combination of carrier-class facilities, mass provisioning
capabilities and dedicated technical and sales professionals makes IP
Applications a trusted strategic partner to Telecoms, Enterprises and BPL
providers throughout North America. The 24/7 multilingual help desk offers
clients and their subscribers a value-added complement to a wide variety of IP
products and services such as network monitoring and operational support
systems (OSS). www.ipapp.com

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

Signed,
Brian Ellis
VP Corporate Development