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IVP Technology Corporation announced today that it has purchased Ignition Entertainment Limited of the UK for 50,000,000 shares plus further consideration based on performance of its management. All shares will be subject to an escrow agreement with hold periods up to three years. Ignition develops, produces and distributes consumer software and games for multiple computer, game, communication and hand held device platforms. Ignition employs approximately 30 people at offices in Banbury and Waltham Abbey, UK. Ignition is a recently formed entity, which was made up of certain asset and share acquisitions derived from Archer MacLean, Awesome Developments Limited, 3 R…
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