VANCOUVER, Sept. 28 /CNW/ - IP Applications Corp. (TSX-Venture: IPX) has been named to Deloitte's prestigious Technology Fast 50, the annual program which recognizes excellence, innovation and the fastest growing tech companies in Canada. Rankings are based on percentage revenue growth over a five year period. The Company's ranking of 37th in the Technology Fast 50 was a result of a 454% growth in revenue over the period 2001 to 2005. John Jacobson, President and CEO, said, "This award recognizes IP Applications' tremendous growth over the last five years. A vibrant combination of organic growth, acquisitions and the dedicated contributions of its employees and loyal customer base has made the company an industry leader. It's also positioned us for strong future growth with our expanding product line and increasing subscriber base." Winners of the 10 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs visit www.fast50.ca or www.fast500.com. About IP Applications IP Applications Corp. is uniquely positioned to serve companies that are bringing online products, services, content, and internet access to market. The Company provides a flexible combination of technology, systems and expertise for customers who have identified channels and products but who lack the delivery and support capabilities. IP Applications' integrated operations dramatically reduce the cost, complexity and time to market for online products and services. About Deloitte Deloitte, one of Canada's leading professional service firms, provides audit, tax, consulting, and financial advisory services through more than 6,200 people in 50 offices. Deloitte operates in Quebec as Samson Belair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its clients and its people excel. Deloitte is the Canadian member firm of Deloitte Touche Tohmatsu. 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 or accuracy of this release.