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VANCOUVER, Sept. 3 /CNW/ - IP Applications Corp. (TSX-Venture: IPX) ("IP Applications" or the "Company") announces that, on August 27, 2009, it has granted incentive stock options to its officers, directors and employees under its existing fixed Stock Option Plan entitling them to purchase a total of 954,000 common shares of the Company. All options are priced at $0.12 per share, are exercisable for a period of 5 years and vest in stages over a period of not less than 18 months. This grant is subject to regulatory approval.
About IP Applications Corp.
IP Applications Corp. (www.ipapplications.com) delivers subscription billing and recurring payments for online subscription businesses. The Company's billing software, recurring payments processing and technical support services support SaaS and Cloud Computing businesses as well as internet service providers. Established in 1998, the Company's client roster includes Sprint Nextel, Bell Mobility, Amway Corporation and AOL Canada. For more information on the Company and its services, see www.ipapplications.com.
Forward-Looking Statements
This news release contains 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, including changes in financial and product market conditions. Forward-looking statements are based on management's estimates, beliefs, and opinions. The Company assumes no obligation to update forward-looking statements, other than as may be required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.