International Broadcasting Corporation Announces Expansion of ``Stock Talk LIVE'' Radio Show to Shortwave Radio

Business Wire, Dec 30, 2002

Business Editors

SANTA MARIA, Calif.--(BUSINESS WIRE)--Dec. 30, 2002

International Broadcasting Corporation (OTCBB:IBCS) is pleased to announce that its "Stock Talk LIVE" radio show will be broadcast on shortwave radio starting in January, 2003. "Stock Talk LIVE" will be broadcast each and every stock market day from 9:30 AM to 10:30 AM (EST) on shortwave radio station WRMI, frequency 15.725 mHz. WRMI, based in Miami, Florida, broadcasts a powerful signal that reaches the United States as well as the Caribbean and Central and South America. A collateral effect of shortwave broadcasting is that the signals can actually reach all over the world as they bounce off of the ionosphere. Traditional AM and FM signals do not work like this.

About Shortwave Radio

Between 1920 and 1950, shortwave listening was very popular, with most of the home radio sets including shortwave bands. As television replaced radio as the prime information source and FM Stereo radio became popular, shortwave radio fell by the wayside. According to recent information, Shortwave radio is regaining popularity, especially in the United States. Grundig, a German Radio company that is the market leader in shortwave radio sales, said its U.S. business had increased by 500% in 2001 (http://www.freep.com/money/tech/mwend6_20011106.htm). Shortwave Radios can be purchased at Radio Shack as well as ordered online (http://www.grundigradio.net/).

According to Merlin Communications, which operates the BBC's worldwide transmitter sites, "latest research shows that shortwave radio listeners are growing globally, with shortwave penetration at its highest in the developing countries. That is not to say that shortwave is not having an impact in the Western world. Recent surveys revealed that in 1999, 97% of regular business travelers listened to international shortwave." The increase in the shortwave audience, says Merlin, is "spelt out dramatically by just one factory in China that is frantically producing 300,000 shortwave radio sets per month just to support demand. Grundig in America report growth each year on their sales of shortwave receivers. There are at least 600 million shortwave radio sets worldwide."

Daryn P. Fleming, President of IBCS says, "We are excited about the continued ramp up of our IBC Radio (http://www.ibcradio.com/) Network and the expansion of our `Stock Talk LIVE' radio show to the airwaves via shortwave radio. Religious broadcasters have built empires and worldwide audiences via shortwave radio. We feel we can do the same with our message of prosperity. Our message is clear and powerful -- the entrepreneurial spirit is alive and kicking and savvy investors make money trading stocks of tiny companies neglected by the major media."

Darrell Nether, Vice President of IBCS says, "`Stock Talk LIVE' is a `grass roots' show where we take our message directly to the people rather than through media middlemen and the typical `red tape' involved in taking a show to the national level. Owning our own radio network and expanding to shortwave radio enables us to accomplish this mission without the time, expense and bureaucracy involved in traditional radio syndication."

About Stock Talk LIVE

Stock Talk LIVE is believed to be the very first LIVE radio talk show focused exclusively on continuous coverage of micro-cap stocks each and every stock market day from opening bell to the close. The show is exciting and stimulating and, most importantly, has featured many stocks that have moved up in excess of 100% in the short term. The show is fully interactive, taking emails and phone calls from the listeners. The LIVE show is "on the air" during stock market hours 9:30 AM to 4 PM EST. The show is also rebroadcast after market hours.

About International Broadcasting Corporation

International Broadcasting Corporation is a developmental stage company that endeavors to develop successful publishing, media, and broadcasting related businesses and ventures. The Company is focused on developing and providing online information and entertainment content through three units -- IBC News Network (http://www.ibcnn.com/), IBC Radio (http://www.ibcradio.com/), and IBC Entertainment Group (http://www.cultmoviesonline.com/). The IBC Entertainment Group was launched in August of 2002, following the acquisition of an on-demand, streaming online movie website called Cult Movies Online. For more information about IBCS and all of the different services, visit the corporate website at http://www.ibcmedia.com/.

Statements in this press release other than statements of historical fact are "forward-looking statements." Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.