IBIN IBSG International Inc (CE)

IBSG International, Inc., (the �Company�), (OTC BB: IBIN) announced today it has amended its December 31, 2006 Form 10KSB as the Company stated in its 3rd quarter conference call. As a result, the Company plans to reduce its tax liability for 2007 and intends to provide further clarity on the Company�s back log of business. While the Company does not anticipate any further amendments to previous filings, it intends to take steps going forward to generally make it easier for investors to break out current revenues and long term revenues for its multi-year contracts. The adjustments related to revenue were reflected in the 2007 3rd Q filings in the Consolidated Statement of Operations and the Company has now filed the corresponding amendment for 2006. Mr. Geoffrey Birch, signing as Chief Financial officer stated, �We are excited at the prospect of being able to make these changes in order to provide further clarity to our financial information. It is one of the logistical challenges of having an auditor so far away. We anticipate continuing to improve the process that will allow us to provide an easier financial picture to all investors.� Dr. Michael Rivers, CEO of IBSGI, said for those investors that were unable to participate in the 3rd quarter conference call, �After listening to numerous people on Wall Street, we determined that IBSGI needed to present its financial results with more clarity and to be more understandable by the investment community. During the November call, I indicated that several changes were forthcoming.� To access the Friday November 16, 2007, digital replay of the 3rd Q conference call, please visit the IBSGI web site and select investor calls archives, 3rd Q 2007. 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. * Management has determined that an allowance should be set aside due to the current and potential growth of its client bases. This allowance is not set aside for any specific customer. 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.