IBIN IBSG International Inc (CE)

IBSG International, Inc., (the �Company�), (OTC BB: IBIN) announced today that it has changed the name of its UK-based company to IBSGI UK Ltd. The company also acquired a new set of offices as part of the overall expansion plan announced by the Company. The Company is also pleased to announce that it has reached agreement with the Right Honourable Lord Thomas Taylor of Blackburn CBE, DL, to join the board of directors of the UK-based company as part of the overall strategy to move the parent Company onto the AIM exchange. Mr. Kevin Gollop, COO of the renamed IBSGI UK Ltd., stated �This is a very exciting move for the company and a critical step towards positioning the company for significant business opportunities in the UK and Europe. Having his Lordship join the board of directors, along with IBSG International�s board of directors, provide significant visibility for the company as it moves its business development strategy forward.� Michael Rivers, CEO of IBSG International stated, �As we continue to move forward, all of these steps are strategic steps towards providing greater awareness of our company, increased stock exposure which will potentially provide for more buying once we are able to list on the AIM exchange and greater profitability for its share holders.� IBSG recently announced its eleventh consecutive profitable quarter with gross profits up 48% for the year ended December 31, 2006. Net income reported for the year ending December 31, 2006 was $1.8 million, or a gain of $0.25 per fully diluted share. Deferred revenue increased by $1.5 million to total $3.2 million at the end of 2006 compared to $1.7 million at the end of 2005. The $3.2 million in deferred revenue represents a backlog of future revenue. 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 IBSGI UK, Ltd. IBSGI UK, LTD, 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. IBSGI UK, Ltd. establishes IT projects for various countries around the world and for multinational corporations around the world. Formerly known as A-Division, it 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. IBSGI UK, Ltd. maintains relationships with various multinational corporations as a possible off set program provider. IBSGI UK, Ltd. maintains offices in London, 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.