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IBSG International Partners With Global Eagle and A Division International to Bring Economic Trading Platform to South Africa

Posted on: Tuesday, 20 December 2005, 09:00 CST

IBSG International, Inc. (OTCBB:IGII) a holding company for three software subsidiaries involved in turn-key digital service center software, Sarbanes-Oxley and security solutions, and software development, maintenance and data storage, announced today that it has entered into a partnership with South Africa-based Global Eagle Strategic Empowerment Alliance Systems and A Division International Limited of the British Virgin Islands.

Global Eagle is engaged in the development and implementation of new business opportunities in the Republic of South Africa and wishes to secure, implement and promote an economic development trading platform. This will occur in conjunction with and with the participation and support of the Department of Trade and Industry and a multi-national corporate funding partner for introduction into the Johannesburg region of the Republic of South Africa.

A Division International, which is engaged in international business development and consultancy in the Technology sector, facilitated the introduction of IBSGI, Inc. to Global Eagle, having established that IBSGI, Inc. has, in its BizWorld Pro(TM) digital service center, a system which meets the objectives and requirements of Global Eagle.

Mr. Martin Williamson, Managing Director at Global Eagle, stated, "South Africa is a vibrant and sophisticated market that also has some significant development needs. In conjunction with the expertise of A Division, we have determined that IBSG International, and its BizWorld Pro offering, will be able to give us the platform we need. The World Bank has earmarked over $15 billion for investment in Africa, and South Africa is one of the more commercially advanced nations. Also, the influx of multi national corporations seeking to partner on education and commercial advancement projects provide for a number of potential funding partners beyond the World Bank such as BAE. The opportunity for replication of this model is tremendous. Global Eagle has interests on several international fronts and looks forward to further expansion of the project along those fronts."

Dr. Michael Rivers, CEO of IBSG International, stated, "This tripartite arrangement will enable each entity to achieve its objectives in the South African commerce marketplace and accelerate the growth of the emerging Small to Mid size Enterprises (SME) in South Africa as well as other African and Malaysian nations. We believe that each of our operations provides a vital ingredient to the partnership, ours being BizWorld Pro(TM), the software backbone of the project. This project will be managed by IBS Group, a subsidiary of IBSG International."

IBS Group's CEO, Mr. Alan Shafer, enthusiastic about the opportunity to support economic expansion in South Africa, remarked, "We are pleased that our commerce platform has been selected to help extend South Africa's domestic economic reforms, and will enable its SME community to expand their operations both in-country and through greater international trade. It is clear that the South African and US small business economies are very complementary, which will help ensure the success of this project for all parties involved."

About IBSG International, Inc.:

IBSG International, Inc. is a holding company for three software subsidiaries: Intelligent Business Systems Group, Inc. (IBSG), a provider of turn-key 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.

The IBSG offers enterprise solutions designed to 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 Biz World Pro (copyrighted).

The Company also has a majority interest in a Joint Venture begun in January 2005 with The Knowledge Institute of New Hampshire to bring out a complementary product called myVBI (copyrighted), which utilizes BizWorldPro as its core and provides over 1000 small business services supporting the concept of a virtual business incubator.

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 Provider, IBSG, Inc. and Secure Blue, Inc. generate their revenue from license sales, system modifications, and 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).

IBSD, Inc. will provide on going support of International's other subsidiaries, IBS Group and Secure Blue. The Company provides development, system support and secure data storage. The Company will maintain offices in the US as well as India and possibly Romania where current offshore development teams are located.

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. For more information contact: Mr. Michael Porter Porter, LeVay and Rose, Inc. 7 Penn Plaza NYC, NY 10001 (212) 564-4700 Fax: (212) 244-3075 http://www.plrinvest.com OR Intelligent Business Systems Group International Inc., World Headquarters (OTCBB:IGII): 1132 Celebration Blvd. Celebration, FL 34747; (321) 939-6321; http://www.IBSGI.COM

Source: Business Wire

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