Business Services Industry
IBSG International Enters into Strategic Partner Agreement with Verizon Business DSL Service; Projected Value is an Additional $1.5 Million in Revenue
Business Wire, Sept 13, 2005
CELEBRATION, Fla. -- IBSG International, Inc., (OTCBB:IGII) announced today that its subsidiary IBS Group, Inc., has entered into a strategic partner agreement with Verizon Internet Services Inc. (VIS) and GTE.NET, LLC d/b/a Verizon Internet Solutions (GTE.NET), to offer Verizon's high-speed digital subscriber line (DSL) service through the IBS Group's digital enterprise service center BizWorldPro. IBS Group will recognize another solid revenue source projected to exceed $1.5 million over the life of the project.
This agreement will enable IBS Group to expand its support to small businesses domestically and internationally by providing low-cost access to the Internet via quality high-speed DSL services. Verizon will expand its market exposure through the databases of IBS Group's projects which are continually expanding. Verizon is recognized as the leader in broadband services for the business community and its business broadband services have won major awards.
"The BizWorldPro platform purpose is to provide a full turnkey digital service center. Partnering with Verizon expands on the already robust digital services with a proven DSL provider. Incorporating broadband access into the platform will provide an opportunity for IBS Group to bring innovative technology such as video conferencing and collaborative project management meetings," said Alan M. Shafer, Chief Operating Officer of IBSG.
About IBSG International, Inc.:
IBSG International, Inc. ("IBSGI" or the "Company") is a holding company for two software subsidiaries: Intelligent Business Systems Group, Inc. ("IBSG"), a provider of turn-key digital service center software; and Secure Blue, Inc., a Sarbanes-Oxley and security software.
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's other subsidiary, Secure Blue, Inc. provides a robust economical Sarbanes-Oxley (SOX) compliant and security software called Secure Blue Pro. This product is targeted to small and mid cap public companies as well as private companies that work with public companies and must be in compliance with SOX as a result of working with a public company.
The Company also has the 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.
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).
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.
Intelligent Business Systems Group International Inc., World Headquarters (OTCBB:IGII): 1132 Celebration Blvd. Celebration, FL 34747; (321) 939-6321; IBSGI.COM
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