International Building Technologies Group, Inc.(fka INBG)

[balamidas]

INBG (0.0006) MAJOR weekend DD >> MERGER value=$0.02 per 8-k ~

International Building Technologies Group, Inc ( INBG ) is a U.S. public company that is dedicated to providing innovative solutions for the construction of homes, buildings and communities around the world. they offer a complete turn key approach to most projects from design and engineering, to materials, training and construction assistance

****INBG is fully reporting company trading on the OTCBB ****

with O/S of 2,733,177,093 shares


on June 02 2010 International Building Technologies Group, Inc. Signed a LOI to Enter into a Merger with a China Petroleum Storage Facilities.

and most importantly on june 02, 2010 the company has filed an 8-K for this reverse merger with the SEC unlike many other companies claiming reverse mergers for months and never show you the 8-K that is your guarantee !!!

the 8-K is a HUGE sign of credibility & validation&confidence for investors of thIS reverse merger taking place in INBG !!

FHH Sino New Energies Co., Ltd. is a petroleum storage company located in Weihai, a coastal city in Shandong Province of China. The company provides petroleum storage tanks for rental to petroleum companies such as Sinochem and Sino-Petro
www.sinochem.com/english/tabid/642/Default.aspx

SINOPETRO HUAIYIN QINGJIANG PETROCHEM. CO., LTD.
ESTABLISHED IN 1958. 2200 EMPLOYEES AND OVER 500 TECHNICIANS. STATE-OWNED.



NEWS from 8-K

http://biz.yahoo.com/e/100602/inbg.ob8-k.html

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Form 8-K for INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.

2-Jun-2010

Other Events, Financial Statements and Exhibits


ITEM 8.01 OTHER EVENTS.

On May 25, 2010, the Company signed a non-binding Letter of Intent to merge with FHH Sino New Energies Co., Ltd., a Chinese company ("FHH Sino") located in Weihai, Shandong Province of China. FHH Sino is a petroleum storage company that offers petroleum storage tanks and facilities for rental to the petroleum importers/exporters in Weihai, a coastal city in Shandong Province of Northern China.

According to a recent appraisal prepared by an accounting firm in accordance with China accounting standards, the Chinese company has net assets worth RMB 370 million (approximately US $54,000,000) and will generate annual revenues of RMB 100 million (approximately US $14, 000,000) after its completion of construction of Phase I and execution of rental contracts business in early 2011.

FHH Sino is currently in construction of its Phase I and has completed all the foundation and infrastructure for its 8 storage tanks. This infrastructure includes the supporting facilities and pipeline connecting to the harbor, which is just 600 meters away from the storage facilities.

FHH Sino provides petroleum storage tanks for rental to petroleum companies such as Sinochem and Sino-Petro, as well as being engaged in the business of local fuel oil distribution. FHH Sino has its Phase II planned and has received official approval from the Chinese authorities for additional storage tanks of 450,000 m3 and expects to commence construction of Phase II in late 2011.

The Company and FHH Sino are working together on the related merger agreements and auditors have been engaged to commence an audit of FHH Sino in preparation for the merger.

The Letter of Intent is subject to (i) the execution of a mutually acceptable definitive merger or exchange agreements: (ii) there being no material adverse change in the financial condition, business or prospects of the Company prior to closing; (iii) final investment committee approval; (iv) local government and regulatory approvals; (v) extension of existing employment contracts for the Company's management; and (vi) and a guarantee of buy-back or exchange of common stock for preferred stock (not to exceed U.S. $2,300,000) currently held my the Company's officers or investors.

Upon signing of the Letter of Intent on May 27, 2010 (effective date), FHH Sino made a U.S. $230,000 good faith deposit with the Company.

A copy of our press release on this matter is attached hereto as Exhibit 99.1 and incorporated herein by reference.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

10.1 Letter of Intent dated May 27, 2010, by and between International Building Technologies Group, Inc and FHH Sino New Energies Co., Ltd..

99.1 Press Release dated June 2, 2010

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KEY EVENTS from 8-K with the REVERSE MERGER :

-Upon signing of the Letter of Intent on May 27, 2010 (effective date), FHH Sino made a U.S. $230,000 good faith deposit with the Company.
THIS IS A GREAT VALIDATION of the events taking place in INBG!!!

-a guarantee of buy-back or exchange of common stock for preferred stock (not to exceed U.S. $2,300,000) currently held my the Company's officers or investors.

the CO will be BUYING SHARES BACK thus increasing Shareholders Value to reach its price target or better





VALUATION or targeted price per 8-K info:


INBG has an O/S of 2,733,177,093 shares and is Reverse Merging an Entity with approximately US $54,000,000 in ASSETS and will geberate $ 14,000,000 annual revenues per 8-K !!!

simple math will value INBG shares at 0.02 per share with that REVERSE MERGER taking place without taking in consideration any shares retirement yet from the actual O/S !!!


technically :

INBG could eye a short term target of 0.005-0.007 to reach later upon more confirmation the calculated target of 0.02 or better when a shares Buyback will take place .

we have a potential 1000% gainer from these levels

good luck to all


Balamidas