Deerfield Beach, Fla., Jan. 4, 2005 (PRIMEZONE) -- iBX Group, Inc. (OTCBB:IBXG) announced today the launch of Opus Financial Services, an accounts receivable financing, equipment leasing and commercial lending division focused on the healthcare community. Opus will seek to meet the financial needs of doctor practices and ancillary healthcare facilities along with hospital-based providers that are expanding and have cash-flow issues associated with the complexities of today's healthcare environment.
Opus Financial is to be managed by experienced professionals from the banking industry and will be staffed by sales and marketing executives. Senior Managing Director, Vincent Muratore, contributes over 30 years in the financial services arena to Opus. "We are very excited to offer these programs to the healthcare marketplace and beyond. iBX is the perfect home for Opus, in that it creates an important synergy between our client base and other iBX divisions," said Mr. Muratore.
iBX Group, Inc., based in Deerfield Beach, Florida, develops and deploys administrative, financial and information solutions to hospitals, private practices and ancillary, healthcare organizations.
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This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of iBX Group, Inc. management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: adverse weather conditions, historical seasonality, loss of customers, increased competition and other risks detailed from time to time in filings with the Securities and Exchange Commission. Consequently, if such management assumptions prove to be incorrect or such risks or uncertainties materialize, the Company's actual results could differ materially from the results forecast in the forward-looking statements.