DEERFIELD BEACH, Fla., Feb. 19, 2004 (PRIMEZONE) -- iBX Group, Inc. (OTCBB:IBXG) said today that its core IBX Technologies division, which implements technology for healthcare organizations to manage information and data communication services, has secured a contract to provide IT consulting services for JBT Group, an international distributor of woman's hosiery and legwear to department and specialty stores under private labels and the brand names Round the Clock(r), Givenchy(r), Ellen Tracy(r) and Evan-Picone(r).
IBX Technologies will design, install and maintain JBT Group's data communication system to link its three locations - a distribution center in Grenada, Miss., a showroom in New York City and an administration center in Boca Raton, Fla. iBX Technologies will also install and maintain the company's Web servers and email network, as well as provide consulting services on its voice and data systems.
"We're finding that the technology we've developed for multi-office healthcare information systems is easily transferable to other business sectors, including manufacturing and distribution," said David Blechman, CIO for iBX Group. "With such broad applications, the potential for this area of our business is almost unlimited. We're looking into several other opportunities to provide similar large-scale consulting services, and we hope to be able to announce those contracts in the coming months."
"iBX Technologies will provide JBT Group with local access to a deep pool of IT talent on an 'as needed' basis. The alternatives of hiring an internal IT staff or of farming out projects to traditional consulting firms were not very attractive to us," said Barry Tartarkin, President of JBT Group. "iBX has consistently delivered cost-effective solutions to other industries which will clearly enhance our overall business model."
Based in Deerfield Beach, Florida, iBX Group Inc. develops and deploys creative, cost-effective methods for integrating financial, administrative and information services for the healthcare industry. iBX is a results-oriented company, consisting of six divisions - iBX Technologies, which enables healthcare organizations to maximize collections of their accounts receivables; Florida HealthSource, a network of physical therapy and wellness centers; MediCompliant Solutions, which ensures medical practices' compliance with today's complex legal requirements; iBX Transcription Services, which offers physicians quick turn-around and Web-accessible progress reports; NursesSTAT, which deploys leading-edge staffing administration technology to healthcare facilities; and provides cost-effective temporary staffing solutions. iBX also owns SportshealthNet.com, an interactive Web portal providing consumers with comprehensive healthcare information and advice, and increasing physician referrals.
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.