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Novation Companies Acquires IVR Central

Novation Companies Acquires IVR Central 
Cloud-Based Business Communications Company Is the First Product Line
for Novation's New Products Division 
KANSAS CITY, MO -- (Marketwire) -- 11/08/12 --  Novation Companies,
Inc., (OTCQB: NOVC) announced today a majority acquisition of
cloud-based business communications company IVR Central, LLC.
Subsequent to the acquisition, the name was changed to CorvisaCloud
LLC and products will be delivered under the CorvisaCloud brand. This
is the fifth acquisition for Novation, a company that owns and
operates early-stage businesses in the technology-enabled services
industry.  
CorvisaCloud, based in Milwaukee, provides a complete suite of
customizable call center and small business voice communications
solutions. Leveraging a cloud-based platform to ensure affordability
and scalability, CorvisaCloud's products include IVR (Interactive
Voice Response), Visual IVR, virtual desktop telephony, ACD
(Automated Call Distribution), dialer, voice broadcasting, and secure
call recording with phonetic search.  
"Novation has used CorvisaCloud's products during the past year to
support our call centers. Their functionality and customization
capabilities far exceeded any business-class solution we have used
over the years and we knew that their technologies, culture and
innovative approach to solving business problems fit what we look for
in a Novation company," said Lance Anderson, Novation chief executive
officer. "By connecting them with Novation's operational leadership
capabilities and shared services, we will help them expand the
breadth and depth of their product suite and market reach." 
CorvisaCloud will be the first product line introduced by the new
products division of Novation subsidiary and technology company
Corvisa Services LLC, based in Milwaukee. To date, Corvisa has
developed industry-leading technologies and provided shared services
for the Novation portfolio companies.  
"Business leaders are always seeking ways to reduce overhead costs
and capital expenses, and a growing number of businesses are looking
at cloud-based solutions to accomplish that. CorvisaCloud's
cloud-based platform addresses a real challenge that call centers and
small businesses alike face -- the difficulty of balancing business
and customer service
 best practices with upfront and ongoing cost
management," said Steve Haslam, Novation chief operating officer.
"Now we can provide a 'one-stop' communications suite that enables
businesses of all sizes to achieve enterprise-level communications
and call center functionality at substantially reduced costs." 
Paul Gregory, Novation's director of business development, will take
over as managing director of CorvisaCloud.  
About Novation Companies, Inc.  
Novation Companies, Inc. owns and operates early-stage businesses in
the technology-enabled services industry. Novation currently owns
majority interests in StreetLinks LLC, Advent Financial Services LLC
and Mango Moving LLC. It trades on the Pink Sheets under the symbol
NOVC. For more information, please visit www.novationcompanies.com or
contact Matt Kaltenrieder, Investor Relations, 816-237-7508 or
ir@novationcompanies.com. 
About CorvisaCloud  
CorvisaCloud is a call center communications technology company that
provides a suite of cloud-based business solutions, including
interactive voice response, automated call distribution, automated
dialing and secure call recording. CorvisaCloud's full call center
replacement solution allows for the elimination of legacy on-premise
phone systems and includes integration to multiple leading CRM and
operational management platforms. Our fully hosted and highly
scalable solutions help to eliminate the barrier of upfront
expenditures that prohibit many call centers from implementing their
ideal voice communications platform. For more information, please
visit www.corvisacloud.com. 
Forward-Looking Statements 
Statements in this press release regarding the Company and its
business, which are not historical facts, are "forward-looking
statements" within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements are
those that predict or describe future events and that do not relate
solely to historical matters and include statements regarding
management's beliefs, estimates, projections, and assumptions with
respect to, among other things, our future operations, business plans
and strategies, as well as industry and market conditions, all of
which are subject to change at any time without notice. Words such as
"believe," "expect," "anticipate," "promise," "plan," and other
expressions or words of similar meanings, as well as future or
conditional verbs such as "would," "should," "could," or "may," are
generally intended to identify forward-looking statements. No
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them
do so, regarding the impact they will have on the results of
operations or financial condition of the Company. This press release
speaks only as of its date, and the Company expressly disclaims any
duty to update the information herein except as required by federal
securities laws.   
For more information - 
Katie Kregel 
Katie.Kregel@corvisa.com
414-847-6904 
 
 
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