IBIN IBSG International Inc (CE)

IBSG International, Inc. (OTC BB: IBIN) a holding company for four technology and software subsidiaries, announced today that its BizWorld Pro� digital commerce platform has been selected by South Africa�s Umuzi (Pty) Limited for its small-, micro- and mid-size enterprise (SMME) development program. The value of the license is US$3 million over 4 years and the total projected value of the transaction is approximately $8 million, which will be realized by IBSGI�s British subsidiary IBSG UK. Dr. Myles John Hopkins, CEO of Umuzi, launched the company to close the gap that exists for South African SMMEs in linking up with large business, government, SMME support agencies, qualified support services and each other. As a sign of its success, it has recently become the newest satellite of the South Africa Department of Trade and Industry. Dr. Hopkins said, �We strongly believe that the SMME sector is the answer to South Africa�s unemployment and, as such, we will be offering a fully integrated platform that will assist SMMEs to grow their businesses sustainably as well as having seamless interaction with Government Departments and large business. The key component of our offering will be BizWorld Pro. Umuzi is delighted to be chosen as an implementation partner with the government�s DTI for BizWorld Pro in South Africa. This strategic relationship with IBSGI has enabled Umuzi to roll out our strategy much more aggressively and offer a greater service to the SMME market with immediate access to the various ministries of the South African government that are and will be utilizing the platform for SMME services as well as procurement needs.� Ingrid Ovenstone, Director of IBSGI SA, said, �We are pleased that Umuzi has chosen our platform to offer their SMME�s a truly comprehensive range of interactive business tools, and this, together with their overall offering, will provide a service that will ensure growth and development of the SMME�s that is much needed in this country and the rest of Africa.� Kevin Gollop, Chief Operating Officer of IBSGI � UK, expressed considerable satisfaction with the signing of the agreement with Umuzi, commenting �Umuzi currently have in excess of 50,000 active SMME businesses in their database and are intending to bring a wide range of products and solutions to their vendors using BizWorld Pro as the core platform, in addition to offering their vendors all the benefits and functions of BizWorld Pro itself. The signing of this agreement with a significant and growing player in the SMME support sector is a positive step for us in the continued expansion of the South Africa Initiative.� Dr. Michael Rivers, CEO of IBSG International, said, �This latest contract demonstrates how we are achieving expansion through existing relationships, in this case with the South African Ministry of Trade and Industry. Other existing relationships and contracts continue to show similar growth such as our World Bank arrangement, our presence in other countries in Africa, and our relationships with numerous US state agencies and profit making entities of State Small Business Development Centers. In fact, most of our business growth comes from the expansion of existing contracts and their SMME subscribers rather than strictly from securing brand new business and this expansion is accelerating. This also illustrates our strategy we began over a year and a half ago to expand our geographic presence to create greater geographic diversity. Although we can make no guarantees, we anticipate announcing new relationships and contracts in Scandinavia and the Netherlands in the near future that have the potential to grow in the same manner. We have worked hard to establish a geographically diverse clientele because that diversity assists in insulating us from any weak economic conditions that arise in a single market or country, and in 2008, we intend to continue that diversification. We are on target for 750,000 new subscribers to sign up with current customers using BizWorld Pro in the first half of 2008 alone.� About Umuzi (Pty) Limited Umuzi was established to create a growth environment and business opportunities for the South African SMME markets. Dr. Hopkin�s and his 11 partners have partnered with government agencies such as the SA DTI and the Industrial Development Corporation. With over 80 years of experience working with SMME development and the designing a range of support services for SMMEs, they have successfully increased the �life span� of SA SMMEs from 90% close rate in an average of 6 months to nearly 15 months. Umuzi currently serve a little over 50,000 SMMEs with an annual growth of nearly 20% client base per year projected. 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.