iBX Group, Inc. Acquires National Nursing Company & Increases 2003 Revenue Guidance From $11 Million to $14 Million.

Business Editors/Health/Medical Writers

DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--March 18, 2003

iBX Group, Inc. (OTCBB:IBXG), a publicly held Florida corporation, today announced it has acquired NursesSTATT, a leading-edge staffing solutions company serving healthcare facilities nationwide. As a result of the acquisition and several other recent transactions, the company has increased revenue and earnings guidance 27% from $11 million to $14 million for 2003.

With the acquisition of NursesSTAT, iBX is adding professional staffing to its growing list of value-added services for the healthcare industry, which already include physical medicine services and accounts receivable management, according to company president and CEO Evan R. Brovenick.

NursesSTAT management team is projecting two additional clients this quarter representing over $400,000 of new revenue. Currently, contracts are in place at two other South Florida hospitals generating annual revenue of $ 360,000.

"NursesSTAT offers hospitals, nursing homes and other skilled-care facilities significant cost savings, while dramatically improving nursing shift coverage," said Brovenick. "The potential demand for our new staffing solution is enormous and is national in scope."

NursesSTAT provides patented web enabled application to maintain a national network of qualified nurses and other health care professionals while deploying the latest wireless technology to make those individuals available to healthcare facilities nationwide by pager 24 hours a day, seven days a week.

The United States is currently facing a severe shortage of nurses, according to the American Organization of Nurse Executives. A recent report by the American Hospital Association indicates that the average vacancy rate for registered nurse (RN) positions is about 13 percent. As a result, hospitals and nursing homes are forced to hire nurses on a temporary basis from healthcare staffing agencies, which charge premium rates.

As a technologically sophisticated tool, NursesSTAT provides a less expensive, yet more effective solution to facilities' staffing needs. Participating facilities can create their own customized staffing application.

Using the Internet, a nurse can join the facility's "super nursing pool" by entering name, contact information, and key staffing information, such as license, shift availability, specialized nursing experience and financial requirements. Once the nurse's information is entered into the system and verified, the nurse is given a pager. Then, if an opening is available, a page is sent out automatically to all nurses who meet the criteria to work that shift. The first nurse to respond then gets the assignment.

Based in Deerfield Beach, Florida, iBX Group Inc. develops and deploys innovative, cost-effective methods for integrating financial, administrative and information services for the healthcare industry. iBX is a results-oriented company, consisting of four independent, yet integrated, divisions -- Physician Services, Patient Services, Consumer Products and IT Management. By creating and utilizing the latest technologies, Internet-based communications and hands-on expertise, iBX strives to meet the needs of hospitals, single and multi-specialty physician group practices and healthcare service organizations seeking to achieve the maximum financial benefit of their accounts receivables by controlling workflow, consolidating administrative functions and addressing compliance issues.

This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. This release contains certain "forward-looking statements and information" (as defined in the Private Securities Litigation Reform Act of 1995) concerning iBX Group, Inc. that are based on the beliefs of iBX Group, Inc.'s management, as well as assumptions made by and information currently available to iBX Group, Inc. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in iBX's filings with the Securities and Exchange Commission.