Kentucky Small Business Development Centers Adding IBSG's BizWorldPro Digital Commerce Platform to Their Portfolio of Online Ser
November 10 2006 - 8:30AM
Business Wire
IBSG International, Inc. (OTC BB: IBIN) is proud to announce today
that its subsidiary IBS Group, Inc., (IBSG) reports that the state
of Kentucky Small Business Development Centers will be adding
IBSG�s BizWorldPro digital commerce platform to their small- to
mid-sized business services network. Although no assurances can be
given, management anticipates that the state of Kentucky SBDC
project is expected to generate $10.8 million in revenues to be
shared between the Kentucky SBDC organization and IBSG over the
life of the five-year agreement, with approximately $1,250,000
realized in revenues during the first 12 months of operation. The
Kentucky Small Business Development Center (KSBDC) network is a
premier provider of business services that empower entrepreneurs
with practical information, skills, and strategies that make
measurable, positive impact on the performance of their businesses
and, by extension, on the communities in which they work. The KSBDC
is dedicated to strengthening Kentucky businesses and creating
economic growth by building strategic alliances and by providing
excellent management assistance, educational programs, and helpful
resources for Kentucky small business owners and entrepreneurs.
Kentucky�s Small Business Development Centers have been assisting
the Commonwealth�s small business community for more than 20 years.
With 15 service centers statewide and an experienced and
knowledgeable staff, KSBDC is a great resource for both existing
business owners and potential entrepreneurs. KSBDC is co-sponsored
by the US Small Business Administration and is administered by the
University of Kentucky and the Gatton College of Business and
Economics, in partnership with regional universities, community and
private colleges, and the private sector. �The state of Kentucky is
looking to take a premier position among SBDC organizations by
encouraging businesses within our state to utilize technology to
its fullest opportunity,� says Kentucky SBDC Associate State
Director Dr. Gordon Garrett, �and we are looking at IBSG�s
BizWorldPro as a platform upon which we can build an online service
and support facility where we can help small businesses to
accelerate their growth and sustainability in the market.� Alan M.
Shafer, Chief Operating Officer of IBSG, adds that �we are proud to
partner with the Kentucky SBDC in developing a state-of-art
platform to support the SBDC, its counselors, and the small- and
mid-sized businesses they serve. As we build additional
functionality to meet Kentucky�s needs, we will be offering those
enhancements to our other SBDC partners as well, thereby increasing
their productivities and the sustainability of their clients.�
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 off set 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) is proud to announce today that
its subsidiary IBS Group, Inc., (IBSG) reports that the state of
Kentucky Small Business Development Centers will be adding IBSG's
BizWorldPro digital commerce platform to their small- to mid-sized
business services network. Although no assurances can be given,
management anticipates that the state of Kentucky SBDC project is
expected to generate $10.8 million in revenues to be shared between
the Kentucky SBDC organization and IBSG over the life of the
five-year agreement, with approximately $1,250,000 realized in
revenues during the first 12 months of operation. The Kentucky
Small Business Development Center (KSBDC) network is a premier
provider of business services that empower entrepreneurs with
practical information, skills, and strategies that make measurable,
positive impact on the performance of their businesses and, by
extension, on the communities in which they work. The KSBDC is
dedicated to strengthening Kentucky businesses and creating
economic growth by building strategic alliances and by providing
excellent management assistance, educational programs, and helpful
resources for Kentucky small business owners and entrepreneurs.
Kentucky's Small Business Development Centers have been assisting
the Commonwealth's small business community for more than 20 years.
With 15 service centers statewide and an experienced and
knowledgeable staff, KSBDC is a great resource for both existing
business owners and potential entrepreneurs. KSBDC is co-sponsored
by the US Small Business Administration and is administered by the
University of Kentucky and the Gatton College of Business and
Economics, in partnership with regional universities, community and
private colleges, and the private sector. "The state of Kentucky is
looking to take a premier position among SBDC organizations by
encouraging businesses within our state to utilize technology to
its fullest opportunity," says Kentucky SBDC Associate State
Director Dr. Gordon Garrett, "and we are looking at IBSG's
BizWorldPro as a platform upon which we can build an online service
and support facility where we can help small businesses to
accelerate their growth and sustainability in the market." Alan M.
Shafer, Chief Operating Officer of IBSG, adds that "we are proud to
partner with the Kentucky SBDC in developing a state-of-art
platform to support the SBDC, its counselors, and the small- and
mid-sized businesses they serve. As we build additional
functionality to meet Kentucky's needs, we will be offering those
enhancements to our other SBDC partners as well, thereby increasing
their productivities and the sustainability of their clients."
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 off set 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.
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