NEWS

WIRES

OTHER

IP Matrix Corporation Announces Signing of Share Exchange Agreement With Airprotek Gear, Inc.

IP Matrix Corporation , a Nevada corporation, announces that on February 25, 2005, it signed a Share Exchange Agreement with Airprotek Gear, Inc., a Nevada corporation.

The terms of the share exchange transaction are as follows: IP Matrix Corporation will exchange 16,763,292 shares of its common stock with the shareholders of Airprotek Gear, Inc. for 100% of the issued and outstanding common stock of Airprotek Gear, Inc.

Within 10 days of the signature of the Share Exchange Agreement, the transaction will close and the shareholders of Airprotek Gear, Inc. will own approximately eighty-seven and one-half percent (87-1/2%) of the issued and outstanding common stock of IP Matrix Corporation with the existing shareholders of IP Matrix Corporation owning twelve and one-half percent (12-1/2%).

Airprotek Gear, Inc. holds an exclusive North American license from Mugen Denko Co., Ltd. to distribute a unique line of safety jackets and vests that utilize proprietary air bag technology to protect motorcyclists in the event of a collision with another vehicle or a fall. The products that Airprotek will distribute in North America are currently manufactured in Japan and in use by police departments in Brazil, Italy, Spain and Japan. Examples of these products may be viewed at: http://www.hit-air.com/english/main.html

Forward-looking statements made in this release are made pursuant to the "safe harbor" provisions of the Private Securities Reform Act of 1995. Forward-looking statements made by IP Matrix Corporation are not a guarantee of future performance.

Distributed by Market Wire