IBSG International Announces Contract Approval With Romania's Ministry of Commercial and Economic Affairs
January 06 2009 - 9:30AM
Marketwired
IBSG International, Inc. (OTCBB: IBIN), a holding company for four
technology and software subsidiaries, announced today that its
BizWorld Pro� digital commerce platform has been selected by the
Finland's Ministry of Economic Affairs to serve as the digital
commerce service center for its small-, micro- and mid-size
enterprise [SME] development program. The value of the license is
approximately US$5.8 million over 4 years and the total possible
projected subscribers over 4 million.
Mauri Pekkarinen, Minister of Economic Affairs, said, "We
strongly believe that the SME sector is the key to Finland's future
commercial growth. Offering a fully integrated platform that will
assist SMEs to be more competitive on the international market has
been a goal of the government. To be able to provide the
foundation, through the BizWorld Pro platform, ensures long term
success. The European Union (EU) has allocated over E26BB
specifically for this purpose. With global markets facing
significant challenges the need to implement platforms such as
BizWorld is essential to ensure continued growth in this vital
sector.
Tarja Cronberg, Minister of Labour, stated a growing economy is
measured by the productivity of its people. The SME sector
represents the largest employment opportunity sector in ours or any
national economy. A platform that can accelerate growth in the SME
market and subsequently enhance the employment opportunities of
many is exactly the solution we need as a nation. We are very
excited to be part of this initiative.
Dr. Michael Rivers, CEO of IBSG International, said, "This is
our second European project announced and we hope for continued
growth for success. The Romanian government is another excellent
example of the direction countries are going. The continued
selection of our platform should provide proof that we are in front
of the curve on integrated digital commerce solutions
worldwide."
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.
IBSG INTERNATIONAL, INC. (321) 939-6321
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