LAS VEGAS, June 8, 2004 (PRIMEZONE) -- Internet Business's International Inc. (OTCBB:IBII) announced today that Skyy-Fi, its wireless internet solution company, will undertake to provide to consumers the freedom and flexibility of high speed internet access at thousands of locations across the United States. Skyy-Fi is in the process of identifying "hot spots" as internet access points. It is estimated that by the end of 2004, 50% of laptops and PDAs will be WiFi-enabled and analysts project that there will be 20 million "hotspot" users by 2005.
Skyy-Fi has entered into a Master Developer Agreement with Black Diamond Wireless Inc. to source and provide locations for its services. Black Diamond is focused on small-to-medium retail locations across the United States.
Skyy-Fi has already received 11 contracts through the Black Diamond relationship. It is anticipated that installation of these sites will occur before the end of the month. Black Diamond has made a commitment of locating a minimum of 500 sites during the next 12 months.
IBII has begun developing a new website for its WiFi services at www.SkyyFi.com and has contracted with a designer to create a new site for its website at www.ibint.com. It is anticipated that both sites will be completed by the end of the month.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as IBII or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, such statements in this release that describe the company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.
Additional information may be found by calling Bob Howard of IBII at (775)588-2387.
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