GeeWhiz Division of IVG Corp., Appoints New President and CEO

Apr 19, 2001, 01:00 ET from IVG Corp.

    HOUSTON, April 19 /PRNewswire/ -- IVG Corp. (OTC Bulletin Board:   IVGG)
 (http://www.ivgcorp.com) today announced the appointment of Mr. James H. Drake
 as President and CEO of its GeeWhiz division.  Mr. Drake will oversee the
 direction of GeeWhiz's new content and product development, channel growth,
 and strategic acquisitions.
     With more than 19 years of experience in business, product and brand
 development, Mr. Drake has held various positions in marketing and general
 management at Hallmark Cards-the industry leader in greeting cards and
 personal expression products.  As the President of Hallmark's Ensemble
 division, Mr. Drake contributed to an annual revenue growth rate of
 69 percent, with sales in 2000 of $65 million.  He has developed content for
 several world-renowned icons, including Harry Potter, Disney, the N.F.L., the
 P.G.A., Rosie O'Donnell, Anne Geddes, and the United States Mint and Post
 Office.  Prior to Ensemble, Mr. Drake served as Managing Director of Hallmark
 subsidiary, Verkerke, Inc.  He holds a B.S. in Public Administration from the
 University of Montana.
     "We are extremely pleased to have Jim aboard," said Mr. Elorian Landers,
 President and CEO of IVG Corp.  "He is a world-class entrepreneur who
 possesses the business acumen to successfully compete and thrive in the
 promotional products marketplace.  His background, vast knowledge, and
 established industry relationships made him the ideal candidate to carry out
 the corporate initiatives of GeeWhiz."
     "I am very pleased to join GeeWhiz's management team, having entered the
 company at a very exciting stage," said Mr. Drake.  "Given the creativity of
 the IVG architecture, along with the talent and values of our team, I'm
 certainly confident that we'll be capable of achieving new levels of growth
 and profitability.  In bringing our products to market, we intend to fully
 leverage our online marketplace to tap the tremendous market potential that
 exists within the 2,700-plus client base of SES, IVG Corp.'s professional
 employer subsidiary."
 
     About GeeWhiz
     GeeWhiz (http://www.geewhizusa.com) is a designer, manufacturer and
 distributor of fiber optic illuminated promotional products and gifts.
 GeeWhiz targets Fortune 500 companies that seek to expand mind share through
 corporate branding of premium promotional products.  GeeWhiz is a division of
 IVG Corp.
 
     About IVG Corp., Inc.
     IVG Corp. is a Houston-based human resource and technology holding company
 that acquires, develops and operates revenue-generating companies with a
 compelling business model, technology and/or proprietary service.  IVG Corp.
 provides a value-added corporate structure intended to enable its portfolio
 companies to quickly leverage their expertise and deploy their business
 strategy by utilizing the management, financial and corporate resources of the
 Company.  IVG Corp. currently trades on the NASD OTC Bulletin Board under the
 symbol IVGG.
 
     Safe Harbor Statement:  This press release includes forward-looking
 statements, including statements relating to the future product development,
 acquisitions, results of operations, management, profitability and business
 strategy of GeeWhiz and IVG Corp.  These statements are made under the "safe
 harbor" provisions of the Private Securities Litigation Reform Act of 1995 and
 involve risks and uncertainties that could cause actual results to differ
 materially from those in the forward-looking statements.  These risks and
 uncertainties include, among others: risks relating to the ability of IVG
 Corp. management to successfully accomplish fund raising activities, the
 ability to achieve or sustain profitability; limited operating history;
 possible financing needs; risks associated with identifying and completing
 acquisitions; risks associated with the integration of acquired technologies,
 operations and personnel; risks of being deemed an investment company;
 exposure to unforeseen liabilities of acquired companies; the requirement to
 record additional future operating costs for the amortization of goodwill and
 other intangible assets, which amounts could be significant; business
 conditions in the promotional products, PEO, e-commerce and Internet
 industries generally; the impact of market competitors and their product and
 service offerings; and the economic, competitive, governmental, technological
 and other factors identified in IVG Corp.'s filings with the Securities and
 Exchange Commission.  These factors are described in further detail in IVG
 Corp.'s filings with the Securities and Exchange Commission, available online
 at http://www.freeedgar.com.
 
      CORPORATE CONTACT               INVESTOR & MEDIA RELATIONS
      IVG Corp.                       Mindshare Communications
      Mr. Richard Twardowski          Mr. Anthony Zelen
      Phone: (281)295-8400            Toll Free: (888) 301-6788
      Email: richard@ivgcorp.com      Fax: (604) 806-3367
      Web: www.ivgcorp.com            Email: ivgg@mindsharecommunications.com
 
 

SOURCE IVG Corp.
    HOUSTON, April 19 /PRNewswire/ -- IVG Corp. (OTC Bulletin Board:   IVGG)
 (http://www.ivgcorp.com) today announced the appointment of Mr. James H. Drake
 as President and CEO of its GeeWhiz division.  Mr. Drake will oversee the
 direction of GeeWhiz's new content and product development, channel growth,
 and strategic acquisitions.
     With more than 19 years of experience in business, product and brand
 development, Mr. Drake has held various positions in marketing and general
 management at Hallmark Cards-the industry leader in greeting cards and
 personal expression products.  As the President of Hallmark's Ensemble
 division, Mr. Drake contributed to an annual revenue growth rate of
 69 percent, with sales in 2000 of $65 million.  He has developed content for
 several world-renowned icons, including Harry Potter, Disney, the N.F.L., the
 P.G.A., Rosie O'Donnell, Anne Geddes, and the United States Mint and Post
 Office.  Prior to Ensemble, Mr. Drake served as Managing Director of Hallmark
 subsidiary, Verkerke, Inc.  He holds a B.S. in Public Administration from the
 University of Montana.
     "We are extremely pleased to have Jim aboard," said Mr. Elorian Landers,
 President and CEO of IVG Corp.  "He is a world-class entrepreneur who
 possesses the business acumen to successfully compete and thrive in the
 promotional products marketplace.  His background, vast knowledge, and
 established industry relationships made him the ideal candidate to carry out
 the corporate initiatives of GeeWhiz."
     "I am very pleased to join GeeWhiz's management team, having entered the
 company at a very exciting stage," said Mr. Drake.  "Given the creativity of
 the IVG architecture, along with the talent and values of our team, I'm
 certainly confident that we'll be capable of achieving new levels of growth
 and profitability.  In bringing our products to market, we intend to fully
 leverage our online marketplace to tap the tremendous market potential that
 exists within the 2,700-plus client base of SES, IVG Corp.'s professional
 employer subsidiary."
 
     About GeeWhiz
     GeeWhiz (http://www.geewhizusa.com) is a designer, manufacturer and
 distributor of fiber optic illuminated promotional products and gifts.
 GeeWhiz targets Fortune 500 companies that seek to expand mind share through
 corporate branding of premium promotional products.  GeeWhiz is a division of
 IVG Corp.
 
     About IVG Corp., Inc.
     IVG Corp. is a Houston-based human resource and technology holding company
 that acquires, develops and operates revenue-generating companies with a
 compelling business model, technology and/or proprietary service.  IVG Corp.
 provides a value-added corporate structure intended to enable its portfolio
 companies to quickly leverage their expertise and deploy their business
 strategy by utilizing the management, financial and corporate resources of the
 Company.  IVG Corp. currently trades on the NASD OTC Bulletin Board under the
 symbol IVGG.
 
     Safe Harbor Statement:  This press release includes forward-looking
 statements, including statements relating to the future product development,
 acquisitions, results of operations, management, profitability and business
 strategy of GeeWhiz and IVG Corp.  These statements are made under the "safe
 harbor" provisions of the Private Securities Litigation Reform Act of 1995 and
 involve risks and uncertainties that could cause actual results to differ
 materially from those in the forward-looking statements.  These risks and
 uncertainties include, among others: risks relating to the ability of IVG
 Corp. management to successfully accomplish fund raising activities, the
 ability to achieve or sustain profitability; limited operating history;
 possible financing needs; risks associated with identifying and completing
 acquisitions; risks associated with the integration of acquired technologies,
 operations and personnel; risks of being deemed an investment company;
 exposure to unforeseen liabilities of acquired companies; the requirement to
 record additional future operating costs for the amortization of goodwill and
 other intangible assets, which amounts could be significant; business
 conditions in the promotional products, PEO, e-commerce and Internet
 industries generally; the impact of market competitors and their product and
 service offerings; and the economic, competitive, governmental, technological
 and other factors identified in IVG Corp.'s filings with the Securities and
 Exchange Commission.  These factors are described in further detail in IVG
 Corp.'s filings with the Securities and Exchange Commission, available online
 at http://www.freeedgar.com.
 
      CORPORATE CONTACT               INVESTOR & MEDIA RELATIONS
      IVG Corp.                       Mindshare Communications
      Mr. Richard Twardowski          Mr. Anthony Zelen
      Phone: (281)295-8400            Toll Free: (888) 301-6788
      Email: richard@ivgcorp.com      Fax: (604) 806-3367
      Web: www.ivgcorp.com            Email: ivgg@mindsharecommunications.com
 
 SOURCE  IVG Corp.