IBIN IBSG International Inc (CE)

IBSG International, Inc. (OTC BB: IBIN) a holding company for four technology and software subsidiaries, announced today that its shareholders have overwhelmingly approved confirmation of the board members and of Jewett, Schwartz, Wolfe & Associates, the new accountants for the Company. The re-elected board members were: Dr. Michael Rivers, CEO and director of IBSI International since November 15, 2003; Geoffrey Birch, Treasurer and a director of IBSG International since November 2003; Jeffrey Willmott, director of IBSG since June 2005; and Dr. Alexander S. Preker, director of IBSG since October 2007. Dr. Michael Rivers, CEO of IBSG International said, �The Company has continued to carry out its plan for geographic diversity which does not make it reliant on any one market for continued growth and success. In 2008, we will be completing negotiations in several European and African nations while continuing to expand our domestic markets. We will not just be pushing for business growth on these various geographic fronts but will also continue our efforts for listing on the NYSE�s Euronext-Alternext exchange. Although no assurances can be given, all of this should translate into not only greater liquidity on the world markets but also will raise the profile of the company and result in a better valued share price for our stockholders.� He added, �I reiterate what I said in our November conference call regarding our expected revenues and EPS. At that time I said that we anticipate revenue for 2007 approximating $18 million, and our EPS for the year should be in the range of $0.50 to $0.75 per fully diluted share.� 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.