IBS Group to Meet With State SBDC Directors at Association of Small Business Development Centers' Annual Conference.CELEBRATION, Fla. -- Last Year's Conference Yielded $24.9 Million in New Projected Revenues from the Company's First Invitation 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) ) announced today that its subsidiary, IBS IBS Irritable bowel syndrome, see there Group, Inc., (IBSG) has been asked to participate for the second year in a row at the Association of Small Business Development Centers' Annual Conference (the "ASBDC ASBDC Association of Small Business Development Centers ASBDC Arkansas Small Business Development Center ASBDC Alabama Small Business Development Consortium ") in Baltimore, Maryland from September 6-9. At the conference, the IBS Group will be featured as a premier solution for a full digital commerce platform with revenue generating capabilities for the ASBDCs and have the opportunity to demonstrate its BizWorldPro digital enterprise service center to all 63 state ASBDC organizations. The total market for IBSG's powerful BizWorldPro system is estimated to exceed $400 million over a five year productive period, of which $265 million could be recognized by IBSG. No assurances can be given that such projections will be achieved. Building on last year's ASBDC Conference participation, which resulted in two contracts worth a projected $24.9 million over five years, going into this conference, IBSG already has business development momentum with on-going negotiations initiated with 16 state ASBDC's. IBS Group views the ASBDC as one of the best vehicles for bringing the BizWorldPro message to the states. "The ASBDC's are the premier governmental agency charged with the responsibility of assisting America's 25 million small businesses to grow and prosper," remarked Alan M. Shafer, 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. of IBSG, who added "With four key states now having either signed formal Letters of Intent or who are having LOI's under review by their states with projected revenues of $22 million, and by being able to present the latest version of our BizWorldPro product to all other states at the ASBDC conference, we are well on our way to exceed our revenue projections for 2005-2006." The LOIs for the above contracts still are pending final review and approval and no assurances can be given that definitive agreements will be executed. About the ASBDC: The Association of Small Business Development Centers (ASBDC) represents the collective interest of their members by promoting, informing, supporting and continuously improving 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 network. The ASBDC is a partnership program uniting private enterprise, government, higher education and local nonprofit economic development organizations, and is dedicated to the sound development of small business throughout America. The SBDC's themselves are supported in part by the U.S. Small Business Administration (SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government ) and have the mission to assist small business growth and economic development within their states. BizWorldPro provides productivity tools and services for both the SBDC's and the small and mid-sized businesses they serve, and creates an additional program income source that will support the state's small business assistance projects. About IBSG International, Inc.: IBSG International, Inc. ("IBSGI" or the "Company") is a holding company for two software subsidiaries: Intelligent Business Systems Group, Inc. ("IBSG"), a provider of turn-key digital service center software; and Secure Blue, Inc., a Sarbanes-Oxley and security software. The IBSG 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 (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 Biz World Pro (copyrighted). The Company also has a majority interest in a Joint Venture begun in January 2005 with The Knowledge Institute of New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). to bring out a complementary product called myVBI (copyrighted), which utilizes BizWorldPro as its core and provides over 1000 small business services supporting the concept of a virtual business incubator Business Incubators began in the 1960ss and really took off in the late 1990s as support for startup companies who need advice and venture capital to get their ideas off the ground. As the dot-com bubble burst, many high-tech business incubators did so too. . The Company's other subsidiary, Secure Blue, Inc. provides a robust economical Sarbanes-Oxley (SOX) compliant and security software called Secure Blue Pro. This product is targeted to small and mid cap public companies as well as private companies that work with public companies and must be in compliance with SOX as a result of working with a public company. 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 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). Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. Intelligent Business Systems Group International Inc., World Headquarters (OTCBB:IGII): 1132 Celebration Blvd. Celebration, FL 34747; (321) 939-6321; http://www.IBSGI.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. |
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