IBSG International, Inc., (the �Company�), (OTC BB: IBIN) announced today that it has reached agreement with the European law firm Taylor Wessing to file its application for the New York Stock Exchange�s Euronext-Alternext Exchange, headquartered in Paris. Both parties expect to file the application with the exchange in early 2008. The NYSE, Euronext directors have indicated that IBSGI will be the first US Company admitted onto the Euronext-Alternext exchange. �This is exactly the type of opportunity the Company seeks to create for its investors. The Euronext-Alternext exchange has out-performed other European exchanges over the last 3 years. With the continued expansion of our international business, we will now provide an opportunity for foreign investors to participate in the Company�s success, which provides potential greater liquidity for all of our shareholders. Taylor Wessing is one of the foremost firms in Paris with a proven track record for success. We look forward to working with them,� stated Dr. Michael Rivers, CEO of IBSG International. �IBSG International is an exciting, rapid growth company and exactly the type of company the Euronext-Alternext exchange is looking for. We are very pleased to be part of this history making transaction,� stated Allain de Foucaud, Partner of Taylor Wessing. IBSGI also announced that is has nearly achieved its capitalization goals for 2007 and closed $300,000 financing of common stock and warrants with CantraSwiss, as a segment of its financing. This is part of the Company�s 2007 capitalization strategy discussed during the end of the 3rd quarter conference call. The Company will focus the capital on expansion to meet the demands of new business and increase its cash reserves to secure larger projects such as entire national development for Small to Mid-size Enterprises domestically and abroad. Pursuant to this financing, the Company sold 200,000 shares of common stock together with three-year warrants to purchase 50,000 shares of common stock to an institutional investor. The warrants have an exercise price of $2.00 per share. The Company has agreed to register these shares for resale pursuant to the terms of a customary registration rights agreement. About Taylor-Wessing Taylor Wessing offers a full service to its clients offering a powerful source of legal support for commercial organizations doing business in Europe. They advise major corporations, medium-sized companies, financial and public institutions as well as growing enterprises. They offer specialist services in all aspects of national and international commercial law, in particular, corporate/M&A, various European exchanges, tax, finance and projects. About IBSG International, Inc. (www.ibsgi.com) 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 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 establishes IT projects for various countries and multi-national corporations around the world. IBSGI - UK has already introduced the BizWorldPro 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. 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 (CE) (USOTC:IBIN)
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