IBS Group, Inc. Meets with 40 State SBDC Networks.CELEBRATION, Fla. -- IBSG IBSG Internet Business Solutions Group IBSG Internetwork Broadcast Sub-Group (ATM Forum, MPOA SWG) International, Inc. (the "Company"), (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IGII IGII Islamic Government Investment Issue (Malaysian securities) ) is pleased to announce that the Company's subsidiary, IBS IBS Irritable bowel syndrome, see there Group (IBSG), is involved in sales discussions with over 40 State Small Business Development Centers as a result of its recent participation in the Association of Small Business Development Centers Annual Conference. The market for IBSG's products represented at the conference is estimated to be as large as $500 million. Currently IBSG's Business Development team is actively involved in meetings with 16 Key State Lead Centers where high interest has been expressed. In several states, including Oregon and Minnesota, the IBSG team has been invited to conduct a day long strategic workshop for the state's Center Directors where state strategic directions will be viewed against the backdrop of the features and benefits of a state-wide implementation of IBSG solution, the NetPool System. As discussions with these states' organizations proceed we will provide further updates. Dr. Stephen Huber, IBSG's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , stated, "The increase in IBSG's credibility as a result of our involvement in the ASBDC ASBDC Association of Small Business Development Centers ASBDC Arkansas Small Business Development Center ASBDC Alabama Small Business Development Consortium and on-going projects has done much to bring our products into the forefront of the states' strategic direction, especially in light of the increasing pressures on the states SBDCs to extend its economic development reach." Market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" into other vertical markets such as local government, banking institutions, and Fortune 1000 companies normally follows the successful awarding and implementation of the SBDC SBDC Small Business Development Center SBDC South Bucks District Council (UK) SBDC Small Business Development Company (Trinidad and Tobago) SBDC Simulation Based Design Center contracts. About IBSG International, Inc.: The IBSG International acquired IBSG, Inc. in February 2004. IBSG, Inc. took over the management of assets of Commerce, Inc. which commenced business in 1997 selling workforce solutions, and now offers enterprise solutions that greatly 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 (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business , 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, 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 in·var·i·a·ble adj. Not changing or subject to change; constant. in·var i·a·bil 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: Statements about the Company's future expectations, including future revenues and earnings, 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. This release does not guarantee of contract award as the result of any business development activity described above. 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 1132 Celebration Blvd. Celebration, FL 34747 (321) 939-6321 |
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