International Building Technologies Group, Inc.(fka INBG)

[VIKING163]

<International Building Technologies Group, Inc. Announces Nearly US$1,000,000 Revenue In January 2008

ALAMEDA, Calif., Feb 25, 2008 (BUSINESS WIRE) -- International Building Technologies Group, Inc. February 25, 2008 (OTCBB:INBG), announces that the company booked revenues of nearly US$1,000,000 from the Company's 51% interest in the Rose-Best project which has received progress payments of RMB13,000,000 (US$1,800,000. approx.) by January 31, 2008. In accordance to the agreement signed between International Building Technologies Group, Inc. and Suining Yin Fa Construction and Engineering Co., Ltd., the Company owns a 51% interest in the project.
The Rose-Best project located in Suining, China started generating revenues by receiving payments from the developer, based on the construction progress of the structures of the four residential buildings. As of January 31, 2008, Suining Yin Fa Construction & Engineering Co., Ltd., the contractor of the Rose-Best project, received total progress payments of RMB13,000,000 (US$1,800,000. approx.) for work completed according to the contract. The project will continue to bring in more revenue as construction progresses. To view the Rose-Best Project and the progress of all four residential buildings, please visit http://www.suiningyinfa-ce.com/projects.asp at Rose Best Project III.

For the acquisition of The Hubei InteWufeng Machinery Co., Ltd., the Company is working closely with the holding company of InteWufeng to finalize the Definitive Agreement. The agreement is expected to be completed soon. For further information of The Hubei InteWufeng Machinery Co., Ltd, please visit http://www.ytwf.com.

About International Building Technologies Group, Inc.

International Building Technologies Group, Inc. and its wholly owned subsidiaries, are transforming the combined business into a worldwide manufacturer and developer of light panel technology to be used for residential and commercial businesses, primarily in regions that are at risk of earthquakes and hurricane-like winds. For more information, please visit www.ibtgi.com.

This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

SOURCE: International Building Technologies Group, Inc.




CONTACT: IBTGI
Patrick Donahoo, 702-688-9683
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