IBS Group's Nigerian Government Contract Increases Revenue by $3 Million for First Year.

CELEBRATION, Fla. -- IBSG International, Inc., (the "Company"), (OTCBB:IGII) announced today that the Nigerian Government CAC contract with its subsidiary, IBS Group, Inc. has generated $1,500,000 in subscription revenue from small and mid size businesses being served by the CAC over the first 6 months of its five year contract. The Company has recognized additional deferred revenue of $1,200,000, which will be reported as current revenues in the next two quarters. Therefore, the Company will recognize subscription revenues of over $2,700,000 for the first 12 months of this contract. The continual build up of the deferred revenue will act as a compounded backlog of pending revenues, which will be recognized by the Company according to General Accepted Accounting Principles (GAAP). These subscription revenues are in addition to the CAC master license fees of $650,000. The CAC international business development initiative is funded in large part by the United States federal government for the development of businesses in central Africa. This project is part of the success the Company announced in its recent 3rd quarter results showing record revenue and profitability.

The CAC represents only the tip of a much larger IT market. IT sales in the government sectors of Africa, Europe, and the Middle East represent 11.5% of the total IT sales for these regions. The United States has invested heavily in IT development for the commerce sectors of this market. The Company is not the only US technology firm to respond to the federal government's initiative or to recognize the potential of this market. As an example, Linux server licenses jumped from $116 million to $300 million in one year and the IT business in Africa continues to show significant growth. The Company continues to actively expand its market position in international business, which includes the recent announcement of its expansion in the UK small business development markets (Sept CENTA announcement). The Company continues to demonstrate that it can effectively position itself as a key player in providing its robust digital commerce platform in the international marketplace for developing and sustaining the growth of the small to mid size business community. By developing this sector of the market in these regions, the Company is able to position itself as a significant factor in the development of small to mid size business which it believes will lead to larger strategic alliances with major IT providers that are expanding into this international market segment.

About IBSG International, Inc.:

The IBSG International offers enterprise solutions designed to enhance the operating efficiency and create revenue for State Small Business Development Centers, business associations (e.g., Chambers of Commerce) and Fortune 1000 corporations through the licensing of 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 NetPool Data System (copyrighted). The Company acquired the assets of a security software company from the U.K. and created a subsidiary called Secure Blue, Inc. in June of 2004. Secure Blue will provide Sarbanes-Oxley security software and system analysis software to the IBSG markets, as well as provide such software and system analysis directly to its independent customer base.

As software providers, system integrators and Application Service Provider, IBSG, Inc. and Secure Blue, Inc. generate their revenue from license sales, system modifications, and system support and a percentage of monthly customer fees. The typical IBSG/Secure Blue license agreement has a five-year term, but, being updated on an annual basis, is almost invariably renewed upon expiration (to date the Company has had only one licensee not renew, due to the expiration of the licensee's contract with their client).

Forward Looking Statements:

This release contains forward looking statements about the Company's future expectations, including the potential signing of sub-license agreements with other entities in the region nor does it guarantee that revenue recognition equates to receipt of payments from the contract; or the revenue and profit margins that may be received in the future from such agreement. Such contract execution and future revenues, profit margins and all other statements in this press release other than historical facts are "forward-looking statements or estimates" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. All statements regarding the State of Connecticut's performance were drawn from the CSBDC's Economic Impact Report 2004, and the quote attributed to Mr. Cheney was previously reviewed by him and concurred to in writing. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; the Company will appropriately inform the public.

Intelligent Business Systems Group International Inc., World Headquarters (OTCBB:IGII): 1132 Celebration Blvd. Celebration, FL 34747; [phone]