IBIN IBSG International Inc (CE)

IBSG International, Inc. (OTC BB: IBIN), announced today that it will begin the expansion of its BizWorld Pro commerce platform with the Kenya�s government under the Ministry of Trade and Industry. The pilot project will continue to focus on support of the Small- Mid-size Enterprises (SMMEs) and facilitate a range of on-line registration for new businesses in Kenya. Additionally the project will include creating greater opportunity for all Kenyan-based businesses through the platforms Bid Management Center, which will centralize and standardized procurement. The Kenyan government estimates that there are twice as many potential SMMEs that have been slowed by registering with the government or have any substantial internet presence. This effort is part of a potentially much larger project with the other East African Community (EAC) partners with an estimated additional 5 million SMMEs. The EAC has agreed to establish a free trade zone among the EAC members and to create a more unified commerce region in Africa, positioning itself as a substantial economic force on the African continent. Dr. Michael Rivers, CEO of IBSG International, said �Kenya is the keystone for IBSG International�s access to the EAC market, a market of literally millions of SMMEs. Moreover, the EAC has an ambitious but very realistic plan to unify much as European states have done in the European Union. Kenya, Burundi, Uganda, Rwanda, and Tanzania are planning a monetary union in 2009 and a common parliament with a common president in 2010. They plan on setting up a single tourist visa system much like Europe�s Schengen Group of countries, and they have had a common passport since 1999. So by getting into Kenya, we have actually set ourselves on course for access to the entire East African Community. This agreement gets us in on the ground floor for an opportunity that comes along very rarely. He added, �I have been invited as a guest speaker to the EAC on eCommerce strategies as part of the going forward plan. We will announce the specific dates for that conference once the EAC has released the information publicly. This is a very exacting project for us. Kenya has demonstrated that it has an aggressively growing economy and that as a central player in the EAC, it is committed to the growth of the entire region. I am honored to be involved with David and this exciting project. Mr. David Nalo, Permanent Secretary of the Ministry of Trade and Industry stated, �We are very pleased that the recent political difficulties in Kenya have been settled, and in the aftermath, we believe it is more important than ever to the country�s development that the SMME sector receive as much support as possible. We are very proud to be able to offer the Internet tools and support that we believe will enhance the continued growth of the Kenyan SMME market. We also believe that we can expand the platform not only for Kenya but for the rest of our EAC partners. We hope to arrange for Dr. Rivers to speak at a meeting of the EAC and share some of his experience and expertise with us as we move forward. And Kenya�s example is likely to be followed by our friends and neighbors in the EAC.� Rivers added, �Our presence in Kenya and eventually in its partners in the EAC is a significant part of our geographic diversification strategy. By assembling a clientele around the world, we reduce the risk that troubles in any particular market undermine the strength of our business and strong revenue model. For that reason, we are working to open markets in Europe, elsewhere in Africa and expanding our relations with numerous US state agencies and profit making entities of State Small Business Development Centers. Further, we expect to see more growth from existing relationships, such as the arrangement we have with the World Bank.� He concluded, �We are poised for an excellent year at IBSG International thanks in part to this new market, but I hasten to remind investors that over 90% of our business growth is based on existing business and is not dependent on opening new markets or securing new contracts. We had deferred revenue as of September 30, 2007 of $7.7 million, which was close to double our recognized revenue for the third quarter of 2007. We anticipate a strong showing in our fourth quarter numbers that are due by the end of this month, and we anticipate revenue for 2007 approximating an 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 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, the BizWorld Pro�. Secure Blue, Inc. provides customers with a robust economical Sarbanes-Oxley (SOX) compliance and security software suite, Secure Blue SOX Pro. Secure Blue SOX Pro is targeted at small- and mid-cap public companies, and at private companies requiring SOX compliance to enable them to work 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. provides ongoing support to International�s other subsidiaries, IBS Group and Secure Blue. The company provides development, system support and secure data storage, and maintains offices in the US and India, where its current offshore development and support team is located. IBSGI � UK, based in London, establishes IT projects for various countries and multi-national corporations around the world. IBSGI - UK has already introduced the BizWorld Pro platform to a number of countries, and continues to provide demonstrations of the system internationally. For multinational corporations, the projects are normally recognized offset program qualified and provide a required contractual obligation of these corporations. 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.