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IPC Financial Network Inc. acquires Prime Financial

(April 8, 2004) IPC Financial Network Inc. (IPC) has entered into an asset purchase agreement with Prime Financial Securities Inc., a mutual fund dealership based in Winnipeg. The agreement effectively transfers Prime’s licensed mutual fund representatives to IPC Investment Corp., a subsidiary of IPC Financial Network Inc. “Prime Financial and IPC have very similar philosophies in how they work with clients and advisors. We look forward to IPC working with us to enhance our offerings going forward” says Mario Di Fonzo, President. “We are delighted by Prime Financials’ decision to join IPC” says Steve Meehan, CEO. “This relationship strengthens our presence in the Manitoba market and reaffirms IPC’s focus on building and supporting independent financial advisors”.

IPC Financial Network Inc. is an integrated wealth management company focused on providing Canadians with the best in financial products, services and advice to help them achieve their financial dreams. IPC has developed a strategy that marries the needs of the planners with that of the company. IPC's intent is to be the premier choice among financial planners who are dedicated to serving the needs of their clients.

IPC trades on the TSX Venture Exchange under stock symbol “IPC”.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

IPC Financial Network Inc.
Steve Meehan
(905) 212-9799
(905) 212-9675 Fax


Prime Financial Securities Inc.
Mario Di Fonzo
(204) 957-7083
(204) 956-5986

Disclaimer: The information contained herein is for AB, BC, MB, NB, NS, NL, ON, PEI, QC and SK residents only and does not constitute an offer to sell or solicit sales in any other Canadian or foreign jurisdictions.