Secure Blue Launches Latest Version of SOX Pro, Its Economical Sarbanes-Oxley Solution, to Brokers and Resellers, Into $6.9 Billion Market.CELEBRATION, Fla. -- Secure Blue's Unique Sarbanes-Oxley and Internal Security Software Suite, Developed Specifically for Small and Medium Cap Businesses, Pays for Itself Within a Few Months 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 Secure Blue, Inc., will be launching online demonstrations of the latest version of its revolutionary Sarbanes-Oxley solution, SOX (1) (Schema for Object-oriented XML) An XML schema developed by Veo Systems and Muzino Communications, which was submitted to the W3C. SOX is based on DTD, but adds data typing and reuse mechanisms. Pro, to potential resellers, brokers, small caps See Small capital and medium caps this month. Its dual capability - SOX compliance plus internal network security management - delivers improved productivity, savings in asset management and reduced liabilities for the company, its management, employees, customers and suppliers. Recovery Of Investment (ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ) shows SOX Pro can pay for itself within a matter of months. This opens the door for Secure Blue to offer one of the few economical solutions into a market estimated by Gartner to reach $6.9 billion by 2006. SOX Pro was designed and priced specifically to appeal to small and medium cap public companies. This sector has been hit hard by the spiraling costs of SOX compliance. The high cost and complexity of existing SOX solutions has resulted in a dramatic increase in the number of late filings from small and medium cap companies compared to this time last year. As a result the SEC have given companies with a market cap of less than $75 million a one year extension to comply. Sarbanes-Oxley compliance remains a growth business in a mature industry: In the latest FEI FEI Fédération Équestre Internationale. survey of 217 public companies with average revenues of $5 billion, the total cost of Section 404 compliance averaged $1.34 million for internal costs, $1.72 million for external costs, and $1.30 million for auditor fees. However, most SOX solution providers have largely ignored the market for an affordable SOX solution tailored to the needs of small and medium caps. SOX Pro has all of the elements essential for compliance with the critical Sections 404 & 302 - document tracking, access control, content filtering See Web filtering and parental control software. , continuous monitoring, auto-alerts and sophisticated management reporting - and much, much more. It gives CFOs and CEOs the confidence to certify cer·ti·fy v. cer·ti·fied, cer·ti·fy·ing, cer·ti·fies v.tr. 1. a. To confirm formally as true, accurate, or genuine. b. the quarterly and annual reports knowing that the relevant checks and balances that are in place are demonstrably de·mon·stra·ble adj. 1. Capable of being demonstrated or proved: demonstrable truths. 2. Obvious or apparent: demonstrable lies. effective. SOX Pro also provides the means to setup, implement, monitor and report on a robust enterprise network security policy - a pre-requisite for companies to stay compliant with SOX long term and a cost-effective means for companies to significantly cut their potential liabilities from general computer abuse, illegal software or data theft. Roy Davis, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Secure Blue, Inc. predicts: "SOX Pro will change companies' perception of Sarbanes-Oxley as an onerous on·er·ous adj. 1. Troublesome or oppressive; burdensome. See Synonyms at burdensome. 2. Law Entailing obligations that exceed advantages. and costly piece of legislation and enable them to turn it into a business advantage. By creating a solution that combines SOX compliance with internal network security we can genuinely offer a real return on investment and not one based on imaginary arguments. It's also really easy to use and that should appeal to small companies who don't have high-level in-house IT expertise. We anticipate growing and significant revenues being generated from Secure Blue as the year develops. We are currently projecting net revenues of $800,000 for 2005 and $4.25 million for 2006". Dr Michael Rivers, CEO of IBSG International said: "April sees the beginning of a concerted effort to establish Secure Blue as the premier provider of SOX solutions to small and medium caps. The extension to the compliance dates offered by the SEC and the continuing focus on the larger corporations gives Secure Blue a great opportunity to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the small cap market." In recent weeks there has been much published about the soaring costs of SOX compliance, particularly for small and medium cap companies. Secure Blue has been actively arguing(a) the case for an effective, low-cost solution and has taken a tough stand against the suggestion that every SOX solution provider is merely using the legislation as an excuse to offer over-complex products, at inflated prices, just to make a quick buck. (a) http://news.com.com/5208-1034-0.html?forumID=1&threadID=5427& messageID=33674&start=-1 (a) http://www.pcaob.com/displayposts.php?user_name=SecureBlue (a) http://www.sarbanes-oxley.com/displaythread.php?topic_id=5046& forum=news&to= (a) http://blog.inc.com/archives/2005/03/16/ebbers_found_guilty.html# comments Note: Due to some of the above URL lengths, they may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists. 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 (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, Secure Blue, Inc., in June of 2004. Secure Blue provides Sarbanes-Oxley compliance software and internal network security software to the IBSG markets, as well as marketing and selling the same software 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 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, such contract execution and future revenues, and all other statements in this press release other than historical facts 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. 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. The comments and projections made by Mr. Davis are should be treated strictly as projections of sales and are not intended as a guarantee of the success of any contractual relationship with being developed with any potential customer. 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; (321) 939-6321 Secure Blue, Inc., 375 E. Warm Springs Rd, Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , NV 89119, (702) 358-3929 |
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