FORM 5
OMB Approval
OMB Number 3235-0362
Expires: February 1, 1994
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
__ Check if no longer subject to Section 16, Form 4 or Form 5, Obligation may
continue. (See Instructions)
__ Form 3 Holdings Reported
__ Form 4 Transaction Reported
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1. Name and Address of Reporting Person: Howson, James
7553 S. Mount Zirkel
Littleton, CO 80127
2. Issuer Name and Ticker or Trading Symbol: "IPVC"
3. IRS or SSN of Reporting Person (Voluntary):
4. Statement for Month/Year 12/1999
5. If Amendment, Date of Original:
6. Relation of Reporting Person to Issuer X Director
X 10% owner
X Officer (Title): CEO
_Other (Specify)
X Filed by One Reporting Person.
_ Filed by more than One Reporting Person.
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TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security: Common Stock
2. Transaction Date:
3. Transaction Code:
4. Securities Acquired (A) or
Disposed (D): Amount:
A or D:
Price:
5. Amount of Securities
Beneficially owned at end
of Issuer's Fiscal Year: 3,000,000
6. Ownership Form:
Direct (D) or Indirect (I): I
7. Nature of Indirect
Beneficial Ownership: Owner of Condor Corp.
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*If the form is filed by more than one Reporting Person, see instruction 5(b)(v)
Reminder: Report on a separate Line for each class of securities beneficially
owned directly or indirectly.
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FORM 5 (continued)
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of Derivative Security: N/A
2. Conversion or Exercise Price of Derivative
Security:
3. Transaction Date (M/D/Y):
4. Transaction Code:
5. Number of Derivative Securities (A):
Acquired (A) or Disposed of (D): (D):
6. Date Exercisable:
Expiration Date:
7. Title of Underlying Securities:
Amount or number of Shares:
8. Price of Derivative Security:
9. Number of Derivative Securities Beneficially
Owned at end of Month:
10. Ownership of Derivative Securities;
(D) Direct or (I) Indirect:
11. Nature of Indirect Beneficial Ownership:
EXPLANATION OF RESPONSES:
/s/ James Howson Date: 14 February 2000
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James Howson
**Signature of Reporting Person
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See Sections 18 U.S.C. 1001, 15 U.S.C. 78ff(a).
