IBIN IBSG International Inc (CE)

IBSG International, Inc., (OTC BB: IBIN) announced today that Global Regenesis has selected IBSGI�s BizWorld Pro digital commerce platform as the basis for their vendor development and centralized procurement management. The four-year license and installation agreement is US$3.2 million, with $2 million for the first year. The remaining $1.2 million will be added to IBSGI�s growing backlog. South Africa-based Global Regenesis management anticipates that the system will be fully implemented and distributed to their 68,000 member supplier/vendor network during August and September 2007. Both parties anticipate that the project may generate up to $65.2 million in revenues to be shared equally between Global Regenesis and IBSGI-SA. During the first 12 months of full operation, IBSGI and Regenesis expect to realize approximately $16.3 million. This is in addition to license fees and represents an excellent example how existing contracts exponentially expand with additional projects once the platform has been positioned in a region. Mr. Robert Greenlees, Managing Director of Global Regenesis Software (Pty) Limited, commented that using the BizWorld Pro digital platform for the company�s supplier/vendor management program will substantially improve procurement, tracking, and delivery from all of his firm�s vendors and will also create a trading network within the company�s substantial database of established trading partners within South Africa. He stated, �The system offers all the unique elements necessary to ensure robust and efficient vendor management, e-trading and centralized procurement. BizWorld Pro will also provide a truly comprehensive range of business tools, beyond vendor management, to our customers, suppliers and vendors to assist them individually to expand and sustain their business. We believe this to be an excellent opportunity for business growth and job creation throughout our network, and we are delighted to be part of IBSGI SA�s efforts within South Africa.� �We are delighted that Global Regenesis Software (Pty) Ltd has chosen to join IBSG�s expanding South Africa Initiative,� said Kevin Gollop, Chief Operating Officer of IBSGI - UK, �and we are confident that BizWorld Pro will provide an excellent and efficient platform for the company�s vendor management program and its intention to create an e-commence platform within its existing network of 68,000 businesses throughout South Africa, including an increase in Black Economic Empowerment companies� participation and employment. The use of BizWorld Pro as a management tool in this context further illustrates the power and flexibility of the product.� 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, a consultant company focused on development of IT projects for Governmental bodies and 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 BizWorld Pro�. 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 establishes IT projects for various countries and multi-national corporations around the world. IBSGI - UK has already introduced the BizWorld Pro platform to a number of countries and continues to provide demonstrations of the system on an international scale. For multinational corporations, the projects are normally recognized offset program qualified and provide a required contractual obligation of these corporations. IBSGI � UK maintains relationships with various multinational corporations and operates from centrally located offices in London. About Global Regenesis Software (Pty) Ltd Global Regenesis Software (Pty) Ltd is a South African registered company that forms part of the Global Regenesis Group, composed of 6 operating companies in South Africa and 1 in the United Kingdom. In addition to the software business, the Group functions throughout South Africa in forest management, fire detection and security systems, biodiesel fuel production, brick manufacture and construction of low cost housing and waste management. In addition, the Group is currently exploring forestry/bio-fuel opportunities in Namibia, Mozambique and Portugal, in conjunction with Brazilian and German partners. 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.