DALLAS, Nov. 29, 2004 (PRIMEZONE) -- John Pentony, Publisher of TalkingStocks.com, today announced profile coverage of IBSG International, Inc. (OTCBB:IGII). The Profile is a comprehensive look at IBSG International, the company's subsidiaries and products.
To view the profile, please visit: http://talkingstocks.com/profiles/igii/
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About IBSG International, Inc.:
The IBSG International acquired IBSG, Inc. in February 2004. IBSG, Inc. took over the management of assets of Commerce, Inc. which commenced business in 1997 selling workforce solutions, and now offers enterprise solutions that greatly 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, 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 called Secure Blue, Inc. in June of 2004. Secure Blue will provide Sarbanes-Oxley security software and system analysis software to the IBSG markets, as well as provide such software and system analysis 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, 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 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).
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Disclosure: Profiles at StockGuru.com and Pentony Enterprises, LLC has been compensated a total of 40,000 restricted shares (Rule 144 shares) from IBSG International, Inc.
Forward Looking Statements:
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements 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 Reform Act of 1995. Projected contracts in no way implies a guarantee of contracts or that any new business will be secured by the Company. 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.