Market Pulse Breaking News Alert for Tuesday, November 9, 2004: ICAN - IBAC Corporation Signs a Definitive Letter of Intent to Acquire a Majority Control of National Hospitality Services Co., Inc.!

Market Wire, November, 2004

Market Pulse News Alert for this AM, Stocks to Watch are: IBAC Corporation (OTC: ICAN), Taser International, Inc. (NASDAQ: TASR), Novell Inc. (NASDAQ: NOVL), and Warning Management Services Inc. (OTC BB: WNMI).

Investors need to be watching IBAC Corporation (OTC: ICAN) this AM! IBAC Corp. is a restaurant holding company that owns, operates and manages premier, upscale fine dining establishments throughout the eastern seaboard. ICAN, through the brand development of its network of wholly owned subsidiaries, intends to capitalize on the growing margins existing in the restaurant industry. ICAN had excellent news out after yesterday's bell regarding a potential acquisition! This could be excellent news for investors!

IBAC Corporation (OTC: ICAN) has entered into a definitive letter of intent whereby IBAC will acquire a majority control interest in National Hospitality Services Co., Inc.

The transaction, is subject to a definitive agreement and due diligence. Closing is expected on or before December 2004.

National Hospitality Services Co., Inc. manages/operates two restaurants, a lounge and over eight thousand square feet of banquet space within a major hotel in Pine Bluff, Arkansas.

Edward W. Hayter president and CEO of IBAC Corporation said: "We are enthusiastic about this acquisition. It keeps within our business plan to grow aggressively." With this acquisition it will bring the number of restaurants the company will operate to five, a lounge and over eight thousand square feet of banquet space with projected gross revenues in excess of twelve million dollars per year.

The business of the company is to own and operate fine dining establishments .The mission of the company is to run upscale restaurants profitably in growing areas and increase shareholder value thru mergers and acquisitions.

Stocks acting well as of late include: Taser International, Inc. (NASDAQ: TASR), Novell Inc. (NASDAQ: NOVL), and Warning Management Services Inc. (OTC BB: WNMI).

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