IVRNET INC announced that the Company and R.C. Morris & Company Special Opportunities Fund III Limited Partnership ("RCM"), the lender of the Company's term loan and credit facility (the "Loan"), have agreed to further amend the Loan to extend the expiry date from April 15, 2023, as previously announced on March 15, 2022, to the earlier of May 15, 2023 or as demanded by RCM. In addition, the Company will incur a loan extension fee in the amount of $82,000 which shall form part of the indebtedness and be due and payable on the maturity date of the Loan. No demand for repayment has been made as of the date of this news release.