iPerceptions - Customer Satisfaction Measurement

Montreal, Quebec (October 25, 2007) iPerceptions Inc. (TSX.V: IPE), announced
today that it has filed a Default Status Report concerning its inability to file
its interim consolidated financial statements and MD&A for the period ended
June 30, 2007 by the filing deadline of August 29, 2007 and the restatement of
its previously issued financial statements for the financial year ended December
31, 2006, the whole pursuant to the policies of the Canadian Securities Administrators.

Under said Default Status Report, the Company reported that there have been no
material developments, nor material change in the information contained in the
Notice of Default filed by the Company on August 28, 2007 (the "Notice of Default"),
other than for the fact that the Management of the Company has completed its review
of the financial statements for the financial year ended December 31, 2006, and
has completed the preparation of its interim financial statements and MD&A
for the period ended June 30, 2007. The Company also indicated that the restated
December 31, 2006 financial statements and June 30, 2007 interim financial statements
and MD&A are currently being reviewed and approved by the external auditor
and the Company’s Audit Committee.

The Company did not fail to fulfill its stated intentions in such Notice of Default,
except for its intention to file its 2nd quarter 2007 interim financial statements
and MD&A, as well as restated 2006 annual financial statements no later than
September 28, 2007, which the Company indicated would not be met. The Company
still intends to file its December 31, 2006 restated financial statements and
June 30, 2007 interim financial statements and MD&A by the filing deadline
of October 29, 2007. Any other material information concerning the affairs of
the Company has also been properly disclosed. The Company also did not fail to
fulfill its stated intentions in the Default Status Report filed on September
27, 2007 and in the Default Status Report filed on October 11, 2007.

The Company’s external auditor and the Management of the Company have indicated,
in the Notice of Default and accompanying materials filed on August 28, 2007,
that additional time would be required in order to reevaluate accounting principles
and measures concerning revenue recognition and deferred revenues for the financial
year ended December 31, 2006. The Company’s objective is still to file its restated
December 31, 2006 annual consolidated financial statements, as well as its 2nd
quarter interim consolidated financial statements and MD&A no later than the
filing deadline of October 29, 2007.

Effective August 30, 2007, the Autorité des marchés financiers (Quebec), under CSA Staff Notice 57-301 – Failing to File Financial Statements on Time – Management Cease Trade Orders, has issued a Management Cease Trade Order that temporarily prohibits trading
by directors, officers and certain employees in the securities of iPerceptions.

About iPerceptions

iPerceptions is one of North-America’s leading web-focused attitudinal analytics
providers. Its webValidator Continuous Listening solution and its Proprietary
Satisfaction Index (iPSI), turn thousands of data points into easy-to-understand
strategic and tactical decision support for website marketers. iPerceptions’ clients
include such well known brands as InterContinental Hotels, General Motors, Dell
Computers, Hyundai, CompUSA, LG Electronics, Toshiba, Choice Hotels International,
BMW and Hilton Hotels. iPerceptions has offices in New York, Toronto and Montreal.

The TSX Venture Exchange does not assume any responsibility as for the relevance
or exactitude of this press release.

Information for Media

Jonathan Levitt
Vice-President Marketing
iPerceptions Inc.
Tel: 514-488-3600
Fax: 514-484-2600

Information for Investors

Jerry Tarasofsky
President and Chief Executive Officer
iPerceptions Inc.
Tel: 514-488-3600
Fax: 514-484-2600

Martin Faucher
Chief Financial Officer
iPerceptions Inc.
Tel : 514-488-3600
Fax: 514-484-2600