IBIN IBSG International Inc (CE)

IBSG International, Inc., (the �Company�), (OTC BB: IBIN) announced today that it is engaging Jewett, Schwartz, Wolfe & Associates (JSWA), as its new independent-registered-public accounting firm. For over 30 years, Jewett, Schwartz, Wolfe & Associates, located in Hollywood, Florida, (www.mycpa.net/home.html) has been providing general accounting services and business consulting. The Firm has over 20 years of experience in SEC audit work for public companies. JSWA is registered with the Public Company Accounting Oversight Board (PCAOB). They replace HJ & Associates, LLC of Salt Lake City, Utah, as IBSGI�s auditors. Dr. Michael Rivers, CEO of IBSGI, said, �We are very pleased to have Jewett, Schwartz, Wolfe & Associates as IBSGI�s new auditors. As we have indicated in recent months we intended to provide additional clarity to our financial results to address the rapid growth both internationally and domestically on multi-year contracts. JSW are experts in the accounting issues that international IT firms encounter, and they are based in Florida. We thank HJ & Associates for their services over the years, and wish them all the best.� He continued, �IBSGI has successfully implemented its growth plans over the last several months. We have expanded our operations in South Africa far beyond our original hopes to cover the entire country with our BizWorldPro� e-commerce solution and recently, it has become the platform for procurement by the government of that country. We are growing our business in other African nations as well, and are working toward agreements elsewhere around the world. In the United States, we are experiencing healthy sales and continue to increase our presence in various state government agencies.� Geoffrey Birch, signing as CFO stated, �We are very pleased with the discussions we have already had with our new auditors, and we expect a smooth transition. As our business has taken off, our accounting requirements have increased in complexity, and it became apparent that the physical distance between IBSGI�s Florida headquarters and HJ & Associates operations in Utah was recognized as an issue by both parties. We needed an experienced firm nearby that had an extensive track record in SEC reporting and especially in the IT industry. In addition, it had to be a firm that could manage the tax, currency and other challenges that operating in different countries and in different US jurisdictions presents. �One of the things we were particularly pleased about was Jewett, Schwartz, Wolfe�s understanding of our deferred revenue situation. As I said in reporting our 3rd quarter 2007 financial results, with the size of the additional projects and the recognition from deferred revenue to revenue, the cash collections are still being out paced by revenue growth, and we expect that to continue for a time. Jewett, Schwartz, Wolfe & and Associates will be working with us to provide further clarity to our financial statements and to bring about those changes with as little disturbance to our reporting process as possible. They are able to do that because they have the necessary background. This decision will naturally have to be ratified by the shareholders at a meeting to be held next month, and I urge every shareholder to support this decision based on our due diligence and the Firm�s exceptional history in the very areas where IBSGI has the greatest need for accountancy expertise.� About Jewett, Schwartz, Wolfe & Associates Jewett, Schwartz, Wolfe & Associates, Certified Public Accountants (www.mycpa.net) is a diversely qualified firm of highly trained and experienced professionals with outstanding credentials. Unique to the Firm is their experience with more than fifty types of businesses operating in more than fifteen specialized and/or regulated industries. Many of these businesses are subject to the requirements of the Securities and Exchange Commission, State of Florida Departments of Insurance and Banking or other Federal or State agencies. Additionally, they adhere to the Quality Control Standards established by the Public Company Oversight Accounting Board of the Securities and Exchange Commission and the Private Companies Practice Section of the American Institute of Certified Public Accountants. 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.