Vancouver, BC – July 26, 2007 – Further to the news release of May 23, 2007 TeraSpan Networks Inc., a subsidiary of Ignition Point Technologies Corp. (TSX:IPN) has entered into a binding agreement with Shaw Cablesystems Limited to sell inventory of fibre network assets (the “Assets”) and related network assets. The agreement provides for the sale of $2,500,000 in Assets of which $1,200,000 has been closed and $1,000,000 balance of Assets will be transferred to Shaw Cablesystems over a six month period as segments pass acceptance testing and $300,000 is to be received in one year.

Additionally, in support of these Assets, TeraSpan has agreed to provide preventative and ongoing maintenance services. The parties have also entered into a Construction Services Agreement calling for Teraspan to deploy additional fibre networks for Shaw, using its patented vertical inlaid system, having a minimum value of $2,000,000 of revenue per year for a period of three years. “TeraSpan Networks is pleased to provide a carrier class solution to Western Canada’s largest cable provider” said Lisa Payne, President of TeraSpan Networks Inc.

About Ignition Point

Ignition Point Technologies Corp. (TSX-VEN:IPN), a Vancouver-based broadband technology company, provides unique access and applications solutions to wired service providers. Ignition Point subsidiaries include TeraSpan Networks Inc. www.teraspan.com. For more information, visit www.ignitionpoint.ca.

TeraSpan Networks

TeraSpan has developed and commercialized an innovative method of deploying fibre optic networks in the last mile. During the quarter TeraSpan achieved a new sales record. Focused investments in sales, marketing, and infrastructure to support future growth contributed to the quarterly loss. These investments are necessary to fully capitalized on early signs of increased market demand for network deployments in a competitive market.

Contact

Stephen Majlath, Chief Financial Officer
Ignition Point Technologies Corp.
smajlath@ignitionpoint.ca