IBIN IBSG International Inc (CE)

IBSG International, Inc. subsidiary, IBS Group, (the "Company"), (OTC BB:IBIN) announced today that its Dallas based project, Southwest Biz Resources Inc. (SBR), has expanded the project with the addition of Community TV Networks and River Pointe Media Services as 4 year satellite license holders. Both of these organizations not only expand the Texas market but have international expansion opportunities as well bringing international business opportunities, through established relationships, to Texas SMEs. These organizations combine to increase the potential Small to Mid-size Enterprises (SMEs) subscriber base by another 60,000 over the next 12 months. IBSG�s BizWorldPro forms the e-commerce backbone of SBR Inc.�s unique online business network for new and existing businesses in Texas. Management of both firms believe that the state of Texas alone, with its estimated 321,000 small business population, is expected, but cannot guarantee, to generate nearly $6 million in additional revenues. The value of the first year licensing fees are estimated at $50,000 for year one. According to Miki Kitamura, Business Resource Public Liaison of Southwest Biz Resource, Inc., �We are very excited at the continued expansion of our project. Texas is ready for an aggressive growth of the small-mid size business community. Community TV Networks has service relationships with business associations in 11 countries to offer digital business services and a conduit to the Texas SME markets with a particular focus on Indonesia. River Pointe Media Services is providing digital business services to veterans and people with disabilities. This organization maintains relationships with similar organizations not only in Texas but other states in the US and is targeting expansion into Europe and Asia. "The SBR will continue to expand the project until the benefits of the platform, under the SBR project, is the core digital commerce center for the state of Texas. We continue to see tremendous interest in the platform from various business organizations around the state. We also see the platform as a vital addition to the procurement processes of all levels of government through their Bid Management functions. The platform is a perfect fit for centralizing procurement and providing the mandated opportunity to small to mid size businesses in the state.� Ms. Kimberly Neubauer, COO of IBS Group stated, �As a career entrepreneur who developed a successful business for over 20 years, the projects we are developing domestically will eventually expand into the single largest SME market in the world here in the states. Our online Southwest Biz Resource project continues to be positioned as vitally important to the state�s SME revitalization initiatives. The continued expansion with additional license holders demonstrates the expansion capabilities of the BizWorld Pro platform which provide the business communities SBR serves a powerful advantage in competing in today�s highly-technological marketplace.� The management of Southwest Biz Resource, Inc. has over 50 years of successful small business experience, and the ties they have with various state and other government agencies. The Texas Department of Transportation (TxDOT), as an example, issued over $200 million in Requests For Proposals (RFP) in 2006 according to its annual report.� Michael Rivers, CEO of IBSG said, �While the scale of a state project does not compare to an entire country as a federal initiative, our domestic projects follow the same model and continue to expand. These projects are a key part of our domestic strategy in the U.S. As one of the biggest states both by area and population and generating a significant portion of America�s GDP, Texas is one of the lynchpins of our domestic business strategy. Teaming up with Southwest Biz Resource, Inc. is demonstrating that the demand for business tools and procurement standardization and will assist us in meeting our future revenue goals in 2008 and beyond.� For the first quarter 2008, the Company recognized revenues were approximately $4.7 million, a 58% increase over the $3.0 million in first quarter 2008. The Company had a net income for the three months ended March 31 2008 of $1.13 million, or $0.12 per fully diluted share. About IBSG International, Inc. (www.ibsgi.com) IBSG International, Inc. is a holding company for four technology and software subsidiaries: Intelligent Business Systems Group, Inc. (IBSG), a provider of turnkey digital service center software; Secure Blue, Inc., a Sarbanes-Oxley and security software solution provider; Intelligent Business Systems Development (IBSD), a software development, maintenance and data storage company; and IBSGI - UK, a consultant company focused on development of IT projects for Governmental bodies and multinational corporations. IBS Group offers enterprise solutions designed to enhance the operating efficiency and create revenue for State Small Business Development Centers, business associations (e.g., business associations) and Fortune 1000 corporations by licensing its unique turnkey digital service center software, which provides a broad range of digital budgetary, administrative and commercial services (B2B, e-commerce, government to business and enterprise business services) on a single platform known as the BizWorldPro�. Secure Blue, Inc. provides a robust economical Sarbanes-Oxley (SOX) compliance and security software suite, Secure Blue SOX Pro. It is targeted at small- and mid-cap public companies as well as private companies requiring SOX compliance to enable them to continue working with public companies. As software providers, system integrators and Application Service Providers, IBS Group, Inc. and Secure Blue, Inc. generate revenue from license sales, system modifications, systems support and a percentage of monthly customer fees. The typical IBS Group/Secure Blue license agreement has a five-year term which is updated on an annual basis. IBS Development, Inc. will provide ongoing support of International�s other subsidiaries, IBS Group and Secure Blue. The company provides development, system support and secure data storage, and will maintain offices in the US and India, where its current offshore development and support team is located. IBSGI - UK establishes IT projects for various countries and multi-national corporations around the world. IBSGI - UK has already introduced the BizWorldPro platform to a number of countries and continues to provide demonstrations of the system on an international scale. For multinational corporations, the projects are normally recognized offset program qualified and provide a required contractual obligation of these corporations. IBSGI � UK maintains relationships with various multinational corporations and operates from centrally located offices in London. Safe Harbor 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 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.