Solidifying Partnership With Beacon Business Finance, Florida Healthsource Takes Over Management Of Receivables DEERFIELD BEACH, Fla., Oct. 30 /PRNewswire-FirstCall/ -- iBX Group, Inc. (BULLETIN BOARD: IBXG) confirmed today that the company's Florida HealthSource of Tampa subsidiary has taken over operations at a St. Petersburg-based network of seven physical therapy and rehabilitation facilities as part of a strategic partnership with Beacon Business Finance, LLC. Earlier this week, Florida HealthSource of Tampa agreed to assist Beacon with the management of accounts receivables, as well as the operations of the Medicare-certified facilities. The new Tampa network is expected to generate $1.5 million in new revenue during the next year, according to Evan R. Brovenick, president and CEO of iBX, which specializes in deploying financial, administrative and technology solutions for the healthcare industry. Overall revenue for Florida HealthSource will likely exceed $6 million, he said. "The addition of these centers has expanded awareness of the unique Florida HealthSource brand to the west coast of Florida and opens up an additional market for iBX's cost-effective technological and management services within the healthcare industry," Brovenick said. "Our Florida HealthSource management team is already well on its way to fully integrating these tools in the Tampa-St. Petersburg area, as it has done throughout South Florida." Florida HealthSource's 18 multi-disciplinary facilities offer a variety of physical therapy, occupational medicine, rehabilitation, pain management, chiropractic care and wellness services in a relaxing, upscale setting. The centers are designed to showcase iBX's menu of technology services for the healthcare industry, including innovative clinical products such as TheraTouch, a programmable, interactive massage device. Based in Deerfield Beach, Florida, iBX Group Inc. develops and deploys creative, cost-effective methods for integrating financial, administrative and information services for the healthcare industry. iBX is a results-oriented company, consisting of five divisions -- iBX Technologies, which enables healthcare organizations to maximize their accounts receivables; Florida HealthSource, a network of physical therapy and wellness centers; MediCompliant Solutions, which ensures medical practices' compliance with today's complex legal requirements; iBX Transcription Services, which offers physicians quick turn-around and Web-accessible progress reports; NursesSTAT, a revolutionary temporary staffing solution. iBX also owns SportshealthNet.com and TheNetDigest.com, interactive Web portals providing patients with comprehensive healthcare information and advice, and increasing physician referrals. Media Relations Contact: Andrew M. Rose, 954-428-2678 or This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. This release contains certain "forward-looking statements and information" (as defined in the Private Securities Litigation Reform Act of 1995) concerning iBX Group, Inc. that are based on the beliefs of iBX Group, Inc.'s management, as well as assumptions made by and information currently available to iBX Group, Inc. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in iBX's filings with the Securities and Exchange Commission. DATASOURCE: iBX Group, Inc. CONTACT: Andrew M. Rose, +1-954-428-2678, or , for iBX Group, Inc.

Copyright