IBIN IBSG International Inc (CE)

IBSG International, Inc. (OTC BB: IBIN) a holding company for four technology and software subsidiaries, announced today that it has executed a 10-for-1 reverse stock split effective today. As a result, the Company�s stocker ticker symbol is now �IBIN�, changed from �IGII.� This follows the Company�s announcement of its World Bank project launch of Health Business World (HBW) Gateway for small- and medium-size health care business in Africa. This market represents an estimated $150 billion annually. Although no assurances can be given and based on performances of similar projects, management anticipates that the project will generate approximately $500,000 per month once full implementation is achieved over the next six months. Dr. Michael Rivers, CEO of IBSG International said, �This move is part of a strategy to list the company�s common stock on a listed stock exchange. The shareholders have seen strong performance from the Company and continued growth, yet the share price and volume do not reflect either the estimated $15-25 billion market or the continued profitability of a Company with a 200% growth rate and consistent performance year after year. By raising the share price above a dollar, we believe that stronger volume and the ability to attract larger institutional investors will follow. This, in turn, will enable us to consider the next steps towards trading our stock on a listed stock exchange such as the American, NASDAQ, or ARGO which should benefit shareholders.� As a result of the reverse split, the number of outstanding common shares of stock will decline to approximately 6,832,519 shares from 68,325,193. Shareholders approved the 10-for-1 reverse split at the Company�s annual meeting held on September 30, 2006, and since then, authorities in Florida, where the Company is incorporated, and the NASD have reviewed and approved the split. Rivers concluded, �We are continuing with our growth plan both in the US and internationally. We continue to add states to our network of Small Business Development Centers, most recently teaming up with state offices in Utah and in Mississippi. Internationally, our South African initiative has been up and running for a few months now, and we recently announced our project with the World Bank to extend our presence potentially across all 47 African nations. Although no assurances can be given, all of this should translate into a higher profile for IBSG International on the international stage and greater revenues. Our reverse split should help translate these developments into a better valued share price for our stockholders.� About IBSG International, Inc. IBSG International, Inc. is a holding company for four technology and software subsidiaries: Intelligent Business Systems Group, Inc. (IBSG), a provider of turnkey digital service center software; Secure Blue, Inc., a Sarbanes-Oxley and security software solution provider; Intelligent Business Systems Development (IBSD), a software development, maintenance and data storage company; and A-Division IT, a consultant company focused on development of IT projects for multinational corporations. IBS Group offers enterprise solutions designed to enhance the operating efficiency and create revenue for State Small Business Development Centers, business associations (e.g., business associations) and Fortune 1000 corporations by licensing its unique turnkey digital service center software, which provides a broad range of digital budgetary, administrative and commercial services (B2B, e-commerce, government to business and enterprise business services) on a single platform known as the BizWorldPro�. Secure Blue, Inc. provides a robust economical Sarbanes-Oxley (SOX) compliance and security software suite, Secure Blue SOX Pro. It is targeted at small- and mid-cap public companies as well as private companies requiring SOX compliance to enable them to continue working with public companies. As software providers, system integrators and Application Service Providers, IBS Group, Inc. and Secure Blue, Inc. generate revenue from license sales, system modifications, systems support and a percentage of monthly customer fees. The typical IBS Group/Secure Blue license agreement has a five-year term which is updated on an annual basis. IBS Development, Inc. will provide ongoing support of International�s other subsidiaries, IBS Group and Secure Blue. The company provides development, system support and secure data storage, and will maintain offices in the US and India, where its current offshore development and support team is located. A-Division IT establishes IT projects for various countries around the world and for multinational corporations around the world. A-Division has already introduced and continues to provide demonstrations of the system on a national scale. For multinational corporations, the projects are recognized offset program qualified and provide a required contractual obligation of these corporations. A-Division IT is an offset provider to BAE Systems and maintains relationships with various other multinational corporations. A-Division maintains offices in the United Kingdom. Safe Harbor Forward-Looking Statements Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. The above information does not guarantee any successful closing of new business. No assurances can be given that any projections related to gross revenues or profit margins will be realized. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies� actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks. IBSG International, Inc. (OTC BB: IBIN) a holding company for four technology and software subsidiaries, announced today that it has executed a 10-for-1 reverse stock split effective today. As a result, the Company's stocker ticker symbol is now "IBIN", changed from "IGII." This follows the Company's announcement of its World Bank project launch of Health Business World (HBW) Gateway for small- and medium-size health care business in Africa. This market represents an estimated $150 billion annually. Although no assurances can be given and based on performances of similar projects, management anticipates that the project will generate approximately $500,000 per month once full implementation is achieved over the next six months. Dr. Michael Rivers, CEO of IBSG International said, "This move is part of a strategy to list the company's common stock on a listed stock exchange. The shareholders have seen strong performance from the Company and continued growth, yet the share price and volume do not reflect either the estimated $15-25 billion market or the continued profitability of a Company with a 200% growth rate and consistent performance year after year. By raising the share price above a dollar, we believe that stronger volume and the ability to attract larger institutional investors will follow. This, in turn, will enable us to consider the next steps towards trading our stock on a listed stock exchange such as the American, NASDAQ, or ARGO which should benefit shareholders." As a result of the reverse split, the number of outstanding common shares of stock will decline to approximately 6,832,519 shares from 68,325,193. Shareholders approved the 10-for-1 reverse split at the Company's annual meeting held on September 30, 2006, and since then, authorities in Florida, where the Company is incorporated, and the NASD have reviewed and approved the split. Rivers concluded, "We are continuing with our growth plan both in the US and internationally. We continue to add states to our network of Small Business Development Centers, most recently teaming up with state offices in Utah and in Mississippi. Internationally, our South African initiative has been up and running for a few months now, and we recently announced our project with the World Bank to extend our presence potentially across all 47 African nations. Although no assurances can be given, all of this should translate into a higher profile for IBSG International on the international stage and greater revenues. Our reverse split should help translate these developments into a better valued share price for our stockholders." About IBSG International, Inc. IBSG International, Inc. is a holding company for four technology and software subsidiaries: Intelligent Business Systems Group, Inc. (IBSG), a provider of turnkey digital service center software; Secure Blue, Inc., a Sarbanes-Oxley and security software solution provider; Intelligent Business Systems Development (IBSD), a software development, maintenance and data storage company; and A-Division IT, a consultant company focused on development of IT projects for multinational corporations. IBS Group offers enterprise solutions designed to enhance the operating efficiency and create revenue for State Small Business Development Centers, business associations (e.g., business associations) and Fortune 1000 corporations by licensing its unique turnkey digital service center software, which provides a broad range of digital budgetary, administrative and commercial services (B2B, e-commerce, government to business and enterprise business services) on a single platform known as the BizWorldPro(C). Secure Blue, Inc. provides a robust economical Sarbanes-Oxley (SOX) compliance and security software suite, Secure Blue SOX Pro. It is targeted at small- and mid-cap public companies as well as private companies requiring SOX compliance to enable them to continue working with public companies. As software providers, system integrators and Application Service Providers, IBS Group, Inc. and Secure Blue, Inc. generate revenue from license sales, system modifications, systems support and a percentage of monthly customer fees. The typical IBS Group/Secure Blue license agreement has a five-year term which is updated on an annual basis. IBS Development, Inc. will provide ongoing support of International's other subsidiaries, IBS Group and Secure Blue. The company provides development, system support and secure data storage, and will maintain offices in the US and India, where its current offshore development and support team is located. A-Division IT establishes IT projects for various countries around the world and for multinational corporations around the world. A-Division has already introduced and continues to provide demonstrations of the system on a national scale. For multinational corporations, the projects are recognized offset program qualified and provide a required contractual obligation of these corporations. A-Division IT is an offset provider to BAE Systems and maintains relationships with various other multinational corporations. A-Division maintains offices in the United Kingdom. Safe Harbor Forward-Looking Statements Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. The above information does not guarantee any successful closing of new business. No assurances can be given that any projections related to gross revenues or profit margins will be realized. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.