VANCOUVER, Oct. 4 /CNW/ - IP Applications Corp. (TSX-Venture: IPX), a leading provider of managed IP solutions, today announced the signing of an Amendment to the existing two-year Agreement with Sage Telecom, Inc. a Dallas-based competitive local exchange carrier (CLEC). Sage required a robust and scalable network management solution to rapidly identify and resolve Internet service-affecting problems. IP Applications' network management system (NMS) will deliver real-time visibility into Sage's network infrastructure. The system will also provide Sage with business intelligence to help map future products and services. Terry Lewis, Sage Telecom, President and COO said, "IP Applications is a strategic partner enabling the rapid launch of our Internet services. We are pleased to add their comprehensive network management system to enhance the services Sage provides to its customers." IP Applications' President and CEO, Mark Sampson said, "We are delighted that Sage selected us to provide this critical operational service. With the addition of NMS, Sage now has one of the most comprehensive suite of managed services available. Network management coupled with OSS and help desk enables us to deliver a complete end-to-end solution to providers of IP-based services." About IP Applications IP Applications partners with companies who offer 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. The 24/7 multilingual Help Desk offers clients and their end users a value-added complement to a wide variety of web services. www.ipapplications.com About Sage Telecom Sage Telecom provides bundled local exchange, long distance, and other services to residential and small business customers in 11 states. With over 550 employees, Sage is privately held and is one of a few profitable competitive local exchange carriers in the country. Sage's services are available in areas of Arkansas, California, Illinois, Indiana, Kansas, Michigan, Missouri, Ohio, Oklahoma, Texas and Wisconsin. Providing innovative, lower cost alternatives to consumers and responsive customer service have been central to Sage's success. www.sagetelecom.net. Forward-Looking Statements The 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. Signed, "Mark Sampson" Mark Sampson, President & CEO