Interactive Business Development, Inc. Commences Trading under New Ticker Symbol: IBVP.HOUSTON -- Interactive Business Development, Inc., (Pink Sheets:IBVP IBVP Initial Boundary Value Problem ) is pleased to announce that the company's common shares have begun trading under a new ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors , IBVP, on the Over the Counter Pink Sheets exchange. The CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. is 45841M 10 9. On November 29, 2005, the Board of Directors approved the name change of the corporation, Technology Logistics Systems, Inc. to Interactive Business Development, Inc. (a Nevada Corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. ). The board increased the number of authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: common shares to 450,000,000 with a par value of $0.001 and authorized 10,000,000 shares of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . Additionally, the board authorized a 50 to 1 reverse stock split to facilitate the acquisition of all the outstanding stock of Interactive Business Development Corporation (a Delaware Corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. ) to be effective December 31, 2005. The reverse stock split was effective on January 3, 2006 rendering the outstanding shares of 69,028,383, pre-reverse split, to 1,380,897 shares. The company authorized the issuance of 143,911,344 shares of restricted common stock to complete the purchase along with 1,000,000 shares of Class A preferred stock. As of March 2006, the company's authorized common shares were 450,000,000 of which 150,302,274 have been issued and outstanding (143,911,344 shares carry a 2-year restriction) and an estimated float of 5,314,380. For the 12-months ending December 31, 2005, the company recorded $3,605,742 as gross revenues with a net loss of ($363,962). Additional information can be obtained in the company's filing on February 3, 2006. Interactive Business Development, Inc. is a conglomerate of successful industry veterans with ideas dedicated to "Create a network of Doctors helping Doctors." Our programs and services are utilized by some of the most successful dentists in America. Our client doctors have high patient volume resulting in viable successful practices. Our mission is to facilitate a national network of successful doctors that can assist each other in building their practices, while remaining independent. Our client doctors learn techniques and methods by attending training seminars for themselves and their staff members on a monthly basis. Other services available through IBVP include Affiliate programs to help with patient financing, reduction of material costs, and optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. of office flow and procedures. Every member of our IBVP family is important to the success of our over all goal, to increase the bottom line dramatically by simply doing what the best of the best do every day. For additional information visit http://www.ibdmarketing.com 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. Certain statements contained in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. The statements contained herein that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. Factors that could cause or contribute to such differences include those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission. The Company cannot guarantee its future results, levels of activity, performance or achievements. |
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