IGII (IBSG International) (fka IGII)

[dayneyus]

Reverse splits work well for companies that are making money, or have significant growth quarter over quarter. POS companies will just continue to go down.
I bought shares in a startup drug company that was growing rapidly bought in at .32 reverse came 1 for 10 and the price opened $3.20 dropped to 2.75 and soared over $25 in the next year and a half. The quarter over quarter growth hugh.

[SoftParade]

http://biz.yahoo.com/bw/061030/20061030005837.html?.v=1

[kittie88]

Just wanted to change the date to October. This thread died. Anyone have a date for the r/s yet?

[kittie88]

bad
and if you think different, just send me your money

[hrauto]

Reverse split coming. Good news or bad? According to the most recent filing, announcing the shareholders meeting. It is included that there be a 1 for 10 reverse stock split. I've seen several discussions about reverse splits and none of them seem to be encouraging. Dr. Rivers said in a recent interview that getting the stock over $1 would get it partly eligible for larger exchange trading as well as get interest from larger investor houses. What is the feeling out there about this situation. The company does have a healthy outlook and good revenues. They are making money, but why won't this stock move?

[thecreator]

IBSG International Announces First Quarter 2006 Financial Results; First Quarter Revenue Tops $2.1 Million; Seventh Straight Quarter of Profitability; IBSG International Will Host a Conference Call Today at 4:00 P.M. Eastern
May 16, 2006 10:18:00 AM
Copyright Business Wire 2006

CELEBRATION, Fla.--(BUSINESS WIRE)--May 16, 2006--

IBSG International, Inc. (OTCBB:IGII), a holding company for four technology and software subsidiaries, announced today its financial results for the first quarter 2006.

Revenue for the three months ended March 31, 2006 reached $2.1 million, almost double the $1.1 million for the first quarter of 2005. Most of this additional revenue came from the Company's international business. IBSG International also had deferred revenues for the latest quarter of over $900,000.

In first quarter 2006, the Company had operating expenses of $900,000, almost exactly what they were in the same period of 2005; there was a $6,000 increase, which was primarily the result of establishing the technical center in Ahmedabad, India in February 2006. As a result, IBSG International reported an operating profit of $1.2 million for the quarter ended March 31, 2006 compared to $182,000 for the quarter months ended March 31, 2005.

The Company had other expenses of $1.1 million for the three months ended March 31, 2006 compared to other expenses restated of $32,000 for the three months ended March 31, 2005. The increase of other expenses for 2006 was due to the settlement of the debt and warrants outstanding, the sale of an asset and a provision for taxes. The loss associated with the settlement of the debt and warrants was $471,000. The Company also recorded a loss of $532,000 as a result of the sale of the CAC asset, on which the Company had recognized a total of $3.5 million at the time of the sale. The sale was for $4 million, of which $1 million is due in 2006 and the balance is due for each subsequent year over the next 3 years. This figure is reflected in the long-term receivable category on the balance sheet under assets.

Net income for the quarter ended March 31, 2006 was $112,000 compared to $150,000 for the same quarter of 2005 primarily due to the extinguishment of debt and warrants as described above.

Dr. Michael Rivers, CEO of IGII stated, "We are very pleased with our progress in the first quarter of 2006. Our revenue is growing year-over-year in a fashion that is both healthy and sustainable. The expansion of our Johannesburg project to cover the entire Union of South Africa may have seemed challenging, but it is up and running across that country, and it will contribute to revenues for the second quarter and beyond."

He added, "We are continuing our discussions with the Malaysian government to launch a similar project there, and our relationship with BAE through our purchase of A-Division in the first quarter will help ensure that we are in the running for other such projects globally. We expect the success that we are seeing in South Africa can and will be replicated elsewhere."

Rivers observed, "In the U.S., IBS Group has launched the implementation of our digital management solution for use within the state of Connecticut's Small Business Development Center network. This network is also capable of being replicated in other jurisdictions in the U.S., and we are exploring opportunities to do just that." He concluded, "IBSG International is on a trajectory toward significant growth this year as measured both at the top and bottom lines."

Management of IBSG International will host a conference call today at 4:00 P.M. EDT to discuss the company's financial results and achievements. Those who wish to participate in the conference call may telephone [phone], from the U.S., or for international callers [phone], passcode # 7399598 approximately 15 minutes before the call. A digital replay will be available by telephone for two weeks and may be accessed by dialing [phone], from the U.S., or [phone], for international callers, and entering PIN # 7399598.

About IBSG International, Inc.

IBSG International, Inc. is a holding company for four technology and software subsidiaries: Intelligent Business Systems Group, Inc. (IBSG), a provider of turnkey digital service center software; Secure Blue, Inc., a Sarbanes-Oxley and security software solution provider; Intelligent Business Systems Development (IBSD), a software development, maintenance and data storage company; and, A-Division IT, a consultant company focused on development of IT projects for multi-national corporations.

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 by licensing 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 BizWorldPro(C).

Secure Blue, Inc. provides a robust economical Sarbanes-Oxley (SOX) compliance and security software suite, Secure Blue SOX Pro. It is targeted at small and mid cap public companies as well as private companies requiring SOX compliance to enable them to continue working with public companies.

As software providers, system integrators and Application Service Providers, IBSG, Inc. and Secure Blue, Inc. generate revenue from license sales, system modifications, systems support and a percentage of monthly customer fees. The typical IBSG/Secure Blue license agreement has a five-year term which is updated on an annual basis and 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 another party.

IBSD, Inc. will provide ongoing support of International's other subsidiaries, IBS Group and Secure Blue. The company provides development, system support and secure data storage, and will maintain offices in the U.S. and India, where its current offshore development and support team is located.

A-Division IT establishes it projects for multi-national corporations around the world. The projects are recognized off set program qualified and provide a required contractual obligation of theses corporations.

A-Division IT is the sole IT off set provider to BAE Systems and maintains relationships with various other multi national corporations. A-Division maintains office in the United Kingdom.

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.

IBSG INTERNATIONAL, INC. AND SUBSIDIARIES
Consolidated Balance Sheet
(Unaudited)


ASSETS

March 31, 2006
CURRENT ASSETS

Cash $ 1,158,026
Accounts receivable 8,652,500
Prepaid expenses 574,209
-------------
Total Current Assets 10,384,735

FURNITURE, FIXTURES AND SOFTWARE, NET 859,841
-------------
OTHER ASSETS

Account receivable - Long term 3,000,000
Deposits 5,564
Deferred Consulting Services 4,438,029
-------------
Total Other Assets 7,443,593
-------------
TOTAL ASSETS $ 18,688,169
=============


IBSG INTERNATIONAL, INC. AND SUBSIDIARIES
Consolidated Balance Sheet (Continued)
(Unaudited)

LIABILITIES AND STOCKHOLDERS' EQUITY

March 31, 2006

CURRENT LIABILITIES

Accounts payable and accrued expenses $ 793,370
Accrued tax provision 116,688
Deferred revenue 918,176
Capital leases payable 10,571
-------------
Total Current Liabilities 1,838,805
-------------
TOTAL LIABILITIES 1,838,805
-------------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY

Common stock authorized 100,000,000 shares at $0.001
par value; 69,056,194 shares issued and outstanding 65,223
Additional paid-in capital 16,498,933
Stock Subscription Payable 353,270
Accumulated deficit (68,062)
-------------
Total Stockholders' Equity 16,849,364
-------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 18,688,169
=============


IBSG INTERNATIONAL, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(Unaudited)

For the Three Months Ended
March 31
2006 2005
--------- ---------
(Restated)

SALES $2,125,746 $1,108,544

COST OF SALES 68,043 88,884
--------- ---------
GROSS PROFIT 2,057,703 1,019,660

OTHER EXPENSES
Services paid for with common stock 346,589 481,947
Amortization and depreciation 10,394 1,022
Bonus shares expense - 19,200
Bonus expense 25,000 -
Bad debt expense - related party - 5,009
General and administrative expenses 468,659 330,779
--------- ---------
Total Expenses 850,642 837,957
--------- ---------

Income from operations 1,207,061 181,703
--------- ---------

OTHER EXPENSES

Loss on release of debt and warrants (470,897) 52,317
Change in Fair Value of embedded
conv. options (18,683) (358,291)
Change in Fair Value of warrants (61,181) 294,524
Loss on asset sale (531,729) -
Interest expense - (20,537)
Tax Provision (12,188) -
--------- ---------
Total Other Expenses (1,094,678) (31,987)
--------- ---------

NET INCOME $ 112,383 $ 149,716
========= =========

NET INCOME PER SHARE - Basic $ 0.00 $ 0.00
========= =========
NET INCOME PER SHARE - Diluted $ 0.00 $ 0.00
========= =========

WEIGHTED AVERAGE NUMBER OF
SHARES OUTSTANDING 62,255,769 38,112,717
========== ==========

DILUTED WEIGHTED AVERAGE
NUMBER OF SHARES OUTSTANDING 62,255,769 39,262,717
========== ==========


Source: IBSG International, Inc.

----------------------------------------------

Porter
LeVay and Rose
Inc.
New York
Michael Porter
212-564-4700
or
IBSG International
321-939-6321

[MRPOIG]

IGII is up 4 pennies today. Wonder if there is some new news coming out or etc.

[powerbattles]

one of the few OCT has net profits. This one is way under value. Adding bunch today eom

[Golden Cross]

IGII IBSG International Executes a Letter of Intent to Buy A-Division IT Systems Limited; A-Division IT Systems Limited Has Projected Additional Revenues Of US$75 Million over Next 12-18 Months
Business Wire - March 6, 2006 8:30 AM (EDT)

CELEBRATION, Fla., Mar 06, 2006 (BUSINESS WIRE) -- IBSG International, Inc. (OTCBB:IGII), a holding company for three software subsidiaries involved in turn-key digital service center software, Sarbanes-Oxley and security solutions, and software development, maintenance and data storage, announced today that it has signed a Letter of Intent to buy A-Division IT Systems Ltd. (A-Division), a United Kingdom based company and partner in IBSG International's (IBSGI) South African project. A-Division is a subcontractor to BAE Systems and provides IT projects for BAE's offset programs by establishing IT Hubs. The acquisition is a performance based transaction combining cash and stock that management has been informed is valued at approximately $4 million. It is projected that over the next 12-18 months this transaction will generate US$75 million. No assurances can be given that such revenues will be achieved and although a final acquisition agreement is expected to be executed, there is no guarantee.

A-Division is engaged in international business development and consultancy in the Technology sector and is a subcontractor for BAE System's offset credit projects around the world. The purchase gives IBSG participation in e-commerce platform projects for Small-Midsize Enterprises (SMEs) in countries beyond South Africa. IBSGI's relationship with A-Division and BAE has already brought the South African project and opportunities with similar projects in Saudi Arabia, Malaysia and India.

Dr. Michael Rivers, CEO of IBSG International, said, "This acquisition increases the market presence of both companies. As a unified entity, ownership of A-Division will effectively make IBSGi a subcontractor on BAE's numerous offset credit projects throughout the developing world and provide a broad network of contracts in South East Asia, China and Europe. BizWorldPro(TM) will be A-Division's e-commerce platform for all its future projects. This is right in-line with our strategy to focus this year on providing an international commerce trading platform and bridge international commerce between the SME markets both here and abroad."

Professor Steven Grigg, Executive Vice President of BAE Systems, commented that the e-commerce projects, "have been well received in South Africa." He added, "The South African government is keen to see these projects implemented as it is well understood that they will support the development of the local SME market, which is a key focus for the government. Because of the benefits BizWorld Pro brings to the SME developing markets, we are now in discussions with our teams in Malaysia, Saudi Arabia and India as well."

Thomas Lord Taylor of Blackburn, a director of A-Division IT Systems and member of the house of Lords in the UK, said, "We believe that these offset projects collectively offer significant benefits to governments around the world in supporting their industry development strategies and that sentiment has been shared by the UK government as well...We believe that the creation of an e-commerce trading network for SMEs, offered through the IT Hubs/BizWorldPro project provides rapid growth of new players in industries across the spectrum."

[Stock Watcher 75001]

IGII has been added to Guy's List, great list of upward trending profitable stocks with low P/E numbers http://undervaluedstockscentral.com

[Doughbuoy]

No one has posted in almost a year! Is there anyone still holding shares? Anyone think the company is going to be profitable like they claim? Anyone still come to this board?

[abh3vt]

They produced the 10k, but its the IBSG 8k that they still haven't provided (the filing that is supposed to show the actual revs and earnings for Rivers' company.) Promised months ago, and now they probably won't get around to filing it until much later, if at all.

Either way, because the reverse merger occured after Dec 31, its the the Q1 10Q that will bear watching. The 10K only provides details about the shell, and did not even discuss the private placement that was done.

They should be preparing a Q1 PR very soon, as this is the end of the quarter today.

I've already sold most of my shares, but have a token few left just to keep me interested, and in hopes that some of what Rivers and the PR machine have said is actually close to being true.

[kaisersosze]

Well, I'm waiting till the end of tomorrow, then I'll dump my shares if they haven't produced the 10-K. They will have lost all credibility with me!!

[kaisersosze]

Does this tell us anything??

Thanks in advance.

http://biz.yahoo.com/e/040325/igii.ob8-k.html

[gary schrimpf]

More Garbage on IGII:

Intelligent Business Gets 'Research' From InvestorIdeas But At What Price, What Qualifications?

Wednesday, March 17, 2004 08:11 ET

Mar 17, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Intelligent Business Systems Group International, Inc (OTCBB: IGII) is the latest public company to appear on InvestorIdeas' self-described "research portal," according to a press release. However, what the public was not told in the press release was that the company is paying InvestorIdea $3,000 a month and 10,000 shares.

Other companies in InvestorIdeas' "research" section include Markland Technologies (OTCBB: MRKL), Transnational Financial Network (AMEX: TFN) and International Barrier Technology (OTCBB: IBTGF; TSX Venture: IBH).

InvestorIdeas receives $3,500 a month, plus 144 restricted stock equivalent to another $3,500 a month from Markland, $3,000 a month plus 40,000 warrants at $0.55 vested over a year from Transnational, and C$3,000 peer month plus 100,000 options from International Barrier Technology, according to a disclosure on the site, but not directly posted on any of the "research."

The murky disclosures are similar to those associated with a number of other companies.

The U.S. Securities and Exchange Commission Regulation 17(b) states:

"It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof."

The SEC has told FinancialWire that this regulation means full and complete compensation for research and any other services provided, including amounts and sources, must be disclosed in "every press release" as well as other published documents. The SEC states that third party compensations must include the relationship of the payer to the issuer.

In an email to FinancialWire as recently as January 5, 2004, John J. Nester, a spokesperson for the U.S. Securities and Exchange Commission confirmed that regulators interpret 17(b) to mean that specific compensation information must be contained in press releases, and that a link to a disclosure somewhere else, for example, is a violation of rhe regulation. He further stated that the compensation disclosure required by the SEC includes "amounts and sources in any press release mentioning the company under research coverage."

The SEC had previously told FinancialWire that it intends to enforce these provisions so that investors may have a fully transparent understanding of any potential agenda or lack thereof.

Many of the practices of such "research" companies run counter to the new research guidelines being jointly promulgated by the Association for Investment Managent and Research and the National Investor Relations Institute.

The AIMR-NIRI proposed standards note that analysts receiving fees from a corporate issuer must accept only cash compensation, and "no compensation contingent on the content or conclusions of the research or the resulting impact on share price," and must disclose the nature and extent of the compensation, any personal, professional or financial relationship or their firm may have with the company, if any, their professional credentials, and any matters which could "reasonably be expected to impair their objectivity in drafting the report.

The two organizations propose that such coverage must be paid for in cash, and "only in a manner that does not influence or seek to influence the content and conclusions of the research, not attempt explicitly or implicitly to influence the research, recommendations, or behavior of analysts or otherwise pressure analysts to produce research or recommendations favorable to the corporate issue, and ensure that the disclosures required of the analyst . are included in the research report, that are published or distributed, in whole or in part, by the corporate issuer."

The document states that payment in "stock warrants or other equity instruments that could increase in value based on positive coverage in the report" means "analysts would have incentive to avoid negative information or conclusions that would diminish their compensation."

Finally, the two organizations require that public companies themselves "engage qualified analysts."

Many websites and press releases purporting to provide equity research provide little or not credentials or qualifications of analysts, and some do not even name the analyst involved in a specific report.

A "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com lists a number of firms that not only adhere to the SEC regulations, but also the guidelines proposed by AIMR-NIRI, and go further, including a prohibition on analysts or research firms owning or trading stocks under coverage due to the inherent conflict.

The Standards for Independent Research Providers, which may be adopted without fee by any qualifying independent research provider, also prohibit the provision of public relations, investor relations or investor relations services by a research provider or its affiliates.

While independent research by standards-based providers are growing in legitimacy, according to the Dow Jones (NYSE: DJ) in a recent article, the article quoted Lou Thompson, president of the National Investor Relations Institute, which had issued new Guidelines on 2002 endorsing legitimate "paid-for" research, as warning of " various mutations of paid-for research."

"Given that (Wall Street) can no longer pay for research through investment banking, we're probably going to see a significant reduction in the number of companies that have any analyst coverage. So then companies are left wondering, 'How am I going to get institutional investors to let me in the door without any coverage?'"

The FIRST Research Consortium is the first organization to promulgate standards acceptable to the industry and meant to provide fairness and transparency to the investing public.

Companies in the FinancialWire questionable research series have included Horizon Medical (AMEX: HMP), Nymox (NASDAQ: NYMX), Genesis Technology Group (OTCBB: GTEC), Martek Biosciences (NASDAQ: MATK), Ecolab (NYSE: ECL), Clorox (NYSE: CLX), Dial Corp. (NYSE: DL), AdZone (OTCBB: ADZR), American Water Star (OTCBB: AMWS), Markland Technologies (OTCBB: MRKL), Transnational Financial Network (AMEX: TFN) and International Barrier Technology (OTCBB: IBTGF; TSX Venture: IBH), Telkonet (OTCBB: TLKO), Cytomedix (OTCBB: CYME), LocatePlus (OTCBB: LPLHA), Rockport Healthcare (OTCBB: RPHL), Universal Express Co. (OTCBB: USXP), Lifestream Technologies (OTCBB: LFTC), CareDecision Corp. (OTCBB: CDED), Life Energy and Technology Holdings, Inc. (OTCBB: LETH), and Flight Safety (OTCBB: FSFY);

Also, Playtex Products (NYSE: PYX), Ericware Technologies (OTC: ECWR), NuTech Digital, Inc. (OTCBB: NTDL), Terra Nostra Technology Ltd. (OTCBB: TNRL), and NanoSignal Corp. (OTCBB: NNOS)., DNAPrintGenomics (OTCBB: DNAP), Syndication Net.com (OTCBB: SYCI), Quintek Technologies (OTCBB: QTEK), GeneLink (OTCBB: GLNK), Quality of Life Health Corp. (OTC: QLHC), Environmental Remediation Holding Corp. (OTCBB: ERHC), Cornerstone Entertainment (OTC: CNRH), Medifast, Inc. (AMEX: MED), Workstream, Inc. (NASDAQ: WSTM), SIGA Technologies (NASDAQ: SIGA), Sub Surface Waste Management of Delaware (OTCBB: SSWM), a21, Inc. (OTCBB: ATWO); and

Also, OrderPro Logistics (OTCBB: OPLO), Military Resale Group, Inc. (OTCBB: MYRG), Timber Resources International, Inc. (OTC: TMBN), OptimumCare Corporation (OTCBB: OPMC), Command Security (OTCBB: CMMD), Molecular Imaging Corporation (OTCBB: MLRI), Sequiam Corporation (OTCBB: SQUM), Provectus Pharmaceuticals, Inc. (OTCBB: PVCT), eFoodSafety.com (OTCBB: EFSF), Intelligent Business Systems Group International, Inc (OTCBB: IGII), Chilmark Entertainment (OTC: CMKK), Tech Laboratories, Inc. (OTCBB: TCHL), BodyScan Corp. (OTC: BDYS), Wireless Frontier Internet, Inc. (OTCBB: WFRI), Systems Evolution Inc. (OTCBB: SEVI), and Epixtar Corp. (OTCBB: EPXR).

The full stories regarding each may be found via the FinancialWire PowerSearch facility at http://www.investrend.com/PowerSearch/?s=Advanced+Search .

For up-to-the-minute news, features and links click on http://www.financialwire.net

FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp

The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268


URL: http://www.financialwire.net

[abh3vt]

I've already read those posts on the RB board, and I think that the only thing that can save the stock right now is the filing of the audited statements.

I wish I had waited before buying here.....

[gary schrimpf]

Highhopes:

Thanks for the tip. Here are the trading stats since inception:

11/13/03 --- 1.250 0.550 1.250 3,004
11/14/03 0.750 1.051 0.750 0.750 42,500
11/17/03 0.800 1.100 0.800 1.100 30,100
11/18/03 1.000 1.200 0.900 1.200 594,100
11/19/03 1.200 1.300 1.200 1.300 22,000
11/20/03 1.160 1.300 1.160 1.300 6,000
11/21/03 0.988 1.301 0.949 1.250 659,000
11/24/03 1.250 1.250 1.150 1.150 37,300
11/25/03 1.200 1.410 1.200 1.410 1,173,400
11/26/03 1.370 1.400 1.240 1.300 104,200
11/28/03 1.250 1.260 1.230 1.260 3,900
12/01/03 1.300 1.450 1.300 1.430 57,900
12/02/03 1.400 1.400 1.250 1.250 40,700
12/03/03 1.250 1.250 1.030 1.140 135,700
12/04/03 1.100 1.140 0.920 0.960 83,000
12/05/03 0.960 1.200 0.960 1.160 63,100
12/08/03 1.160 1.160 1.040 1.040 26,490
12/09/03 1.030 1.170 0.970 1.060 54,800
12/10/03 1.100 1.190 1.100 1.150 20,600
12/11/03 1.050 1.150 1.050 1.150 7,810
12/12/03 1.050 1.070 0.950 1.000 58,300
12/15/03 0.920 0.920 0.920 0.920 500
12/16/03 0.920 0.950 0.920 0.950 9,600
12/17/03 0.900 0.930 0.860 0.900 38,300
12/18/03 0.850 0.850 0.850 0.850 1,100
12/19/03 0.930 0.930 0.900 0.900 1,000
12/22/03 0.930 0.930 0.770 0.820 36,200
12/23/03 0.850 0.850 0.850 0.850 1,250
12/24/03 0.850 0.850 0.850 0.850 0
12/26/03 0.800 0.850 0.800 0.850 2,000
12/29/03 0.850 0.850 0.780 0.850 48,600
12/30/03 0.790 0.850 0.790 0.820 23,950
12/31/03 0.850 0.850 0.770 0.770 8,950
01/02/04 0.770 0.770 0.770 0.770 0
01/05/04 0.770 0.780 0.770 0.780 5,000
01/06/04 0.770 0.800 0.700 0.800 54,790
01/07/04 0.850 1.100 0.850 1.020 187,100
01/08/04 1.100 1.200 1.060 1.160 317,800
01/09/04 1.200 1.230 1.100 1.190 167,700
01/12/04 1.240 1.450 1.230 1.380 199,600
01/13/04 1.450 1.450 1.370 1.400 21,700
01/14/04 1.350 1.430 1.350 1.400 63,140
01/15/04 1.420 1.450 1.280 1.280 45,700
01/16/04 1.280 1.300 1.240 1.300 42,050
01/20/04 1.290 1.380 1.120 1.140 80,800
01/21/04 --- 1.350 1.110 1.300 59,550
01/22/04 1.300 1.350 1.300 1.310 28,500
01/23/04 1.260 1.430 1.260 1.350 11,500
01/26/04 1.360 1.380 1.320 1.360 66,600
01/27/04 1.380 1.700 1.350 1.510 279,700
01/28/04 1.520 1.610 1.400 1.410 138,700
01/29/04 1.410 1.500 1.400 1.500 28,300
01/30/04 1.510 1.510 1.420 1.510 14,500
02/02/04 1.520 1.520 1.300 1.400 81,990
02/03/04 1.320 1.400 1.320 1.400 26,550
02/04/04 1.400 1.450 1.320 1.450 25,200
02/05/04 1.400 1.450 1.400 1.420 18,500
02/06/04 1.450 1.450 1.450 1.450 1,200
02/09/04 1.450 1.450 1.380 1.400 17,100
02/10/04 1.430 1.450 1.400 1.430 34,450
02/11/04 1.430 1.430 1.370 1.400 19,800
02/12/04 1.420 1.420 1.250 1.270 65,500
02/13/04 1.250 1.250 1.050 1.240 184,300
02/17/04 1.150 1.200 1.080 1.140 428,200
02/18/04 1.140 1.140 1.100 1.100 31,860
02/19/04 1.100 1.160 1.100 1.160 25,500
02/20/04 1.120 1.150 1.100 1.100 16,400
02/23/04 1.100 1.100 1.100 1.100 0
02/24/04 1.100 1.110 1.050 1.050 10,100
02/25/04 1.050 1.100 1.050 1.100 2,000
02/26/04 1.150 1.160 1.100 1.100 19,100
02/27/04 1.130 1.130 0.990 0.993 125,300

I hope that helps.

Thanks!

[HIGHHOPES]

Gary

I don't know what type of stocks interest you but I really like YPNT. It's a bb.
Its worth a look at 17 times earnings and huge growth. Real earnings , real future, and undiscovered. Take a look...

http://www.nasdaq.com/aspx/RevenueEPSSummary.aspx?&symbol=YPNT&selected=YPNT

[HIGHHOPES]

Gary

I saw that number also but I wasn't sure how much was availably traded..volume over 125,000 yesterday. There's just not enough information here.

Keep posting. Appreciate it very much.

pete

[gary schrimpf]

Float was "about" 3,000,000 per Dr. Rivers a month ago.

[HIGHHOPES]

That would be 203,160 shares publicly traded.

Hey it was up 3.52% after hours. lol
Only time will tell with this one...at least a year. It will be interesting, that is one thing that is for certain with this one.

[HIGHHOPES]

Obviously I have continued to read the posts here and on RB.com to try to get any any additional information that I can get also. Gary has been very helpful and other posters have also been helpful here. BUT.....the reality is owners or former owners of this company...we all bought in without even having audited numbers. This company barely had a float, no real public information, no website, its even difficult to understand how their revenue model works. When you are at this early infancy stage of a company's life lets face it anything can happen. We all bought before the acquisition was even fully completed...talk about throwing your money on the table.
With only 200,000 outstanding at a little over a dollar I am not the least bit surprised at financings that create dilution. We all know that even large caps do offerings that dilute shareholder value so how could you not expect this in this case.

Yes it would be nice to know the exact current float but again we don't have audited numbers right now. I did call the SBDC's in California and got very good feedback regarding the system that this company has designed. Apparently it is legitimate. Depending on the amount of new shares and earnings we will see where it stands in terms of profitablity(?) 12 mos or so down the road. Using old amount shares outstanding..public,private ,restricted, and calculating projected earnings this guy was talking about the stock was ridiculously undervalued. It could still be a a bargain if they pull these numbers theyre talking..even after dilution .

No way to grow without financing. Do not take it negatively for the long term. These things ..again lets face it ..can sink to pennies on the share before legitimacy is recognized. Either way gambling and money on this should be earmarked as disposable and at the furthest edge of your risk. If someone is willing to actually sink 3million into it it is the beginning of that legitimacy. As long as its true....:)

[gary schrimpf]

abh3vt:

I strongly suggest you read the posts on RB board. There is a poster over there who seems to have a grasp on the situation and warned several weeks back that there were going to be problems. Start at post #4.

http://ragingbull.lycos.com/mboard/boards.cgi?board=IGII

[abh3vt]

Kaiser,

One of the frustrating things about this company is that they don't reveal pertinent info that investors need to make a value judgement on the company's shares.

Look at this latest one regarding WestCap Securities.

"The company is targeting to raise $3 million in additional capital which has already been partially funded."

How much of the $3MM has been raised? How many shares were issued to accomplish this?

IGII is purposely keeping investors in the dark about this...

Also, what's up with the emphasis on EBITDA? If the company is truly profitable, which Rivers has said privately, then why not mention its profit potential?

BTW - when will the promised financials be filed? The company had promised way back in November 2003 that an 8K would be filed with previous years financial history but now it looks like all we'll get is the 10K for the current year (which may not even include the financing info if it occured after Dec 31 !).

I'm a little ticked off, because the glowing projections have got to backed up with some hard numbers.

[kaisersosze]

Gary or anyone have any idea how many shares Westcap got for their investment?

Thanks.

IBSG International Retains Investment Banker
Thursday February 26, 10:28 am ET


CELEBRATION, Fla.--(BUSINESS WIRE)--Feb. 26, 2004--IBSG International, Inc. (OTCBB:IGII - News) announced today that it has completed an investment agreement through WestCap Securities. The additional capital infusion is part of an overall expansion plan aimed at accelerating sales and providing additional equity to fund initial implementation costs associated with government or quasi government contracts. The company is targeting to raise $3 million in additional capital which has already been partially funded. The capital will be primarily utilized for continued expansion, strategic acquisitions and to increase services to existing customers. "The additional capital infusion we are completing is part of our overall growth strategy to expand our business development efforts, strategic acquisitions and general operating growth," stated Dr. Michael Rivers, CEO of IBSG International.
Mr. Tom Rubin, CEO of WestCap Securities stated, "IBSG International is an exciting company with tremendous growth potential. We have made a substantial commitment to IBSG International. We believe this additional investment will allow the company to continue to rapidly expand its market penetration through additional marketing and to expand its existing contracts with its customers."

[HIGHHOPES]

test

[HIGHHOPES]

Gary,

I don't have any problem giving you my email. I don't think its a big deal..its fine.

I have the old aol through my comcast. I'm at

[e-mail]

By the way my name is Pete. It's good to be able to chat this with someone else who owns this company also. I look forward to corresponding in the future either via mail or here. It would be good to get Mr. kaiser involved also.


pete

[gary schrimpf]

Highhopes:

I assume then that you are not an IHUB member either and neither am I.

So, the only other option is to provide me with an e-mail address, which of course is not always a good idea when communicating with someone you don't know.

You may want to set up a new one for a single communication and then forget about it. Let me know what you decide.

[HIGHHOPES]

Gary,

No, not a memeber...yet anyway. I can't remember exactly how I came across this site's board. Looking for other guys to communicate with about IBSG. I bought shares a couple of weeks ago and use yahoo boards for the most part (which in many cases are excellent). Yahoo does not have boards for OTC bb's.

Just trying to get others' opinions and info on IGII. Let's face it, there's not a ton to go on at this point. I am staying optimistic and assuming this is early on turbulence during the past week. I've been in stocks that have gone down a lot more than this only to have them be great investments. I just hope that mgt. has shareholders interest in mind.

[gary schrimpf]

Highhopes:

Are you a SI member? If so, what is your moniker/ID?

[HIGHHOPES]

Take a look at what this guy TRADESHAPPEN is saying on ragingbull board and let me know what you make of it. This stock is definitely in a descending pattern.

If, as you say large blocks are being bought the size of what you repotrted the stock SHOULD be through the roof.

Let me know what you think here. Thanks.

http://ragingbull.lycos.com/mboard/boards.cgi?board=BB%3AIGII&origsymbols=BB%3AIGII

[gary schrimpf]

"maybe even buying shares that are not available to the public somehow."

Hmmmm...

[HIGHHOPES]

Yeah, I would say that there is some strange trading going on in this stock. I don't think that its neccessarily bad. The message board on ragingbull again had some interesting comments. I think that someone is pumping some money into this, maybe even buying shares that are not available to the public somehow. The guy on the other message board said that there was no reason for the stock to be down today as buyers greatly outnumberd sellers. Ive found in the biotech area that some big investors get in on the ground floor at discounted prices. The stock price may very well be being manipulated right now for a large investor. Usually this does portend very good things in the future. If these guys are doing what they say they are doing.. then after they release audited numbers supporting it it will be more difficult to artificially hold the stock down-I think.

Lets face it...at this stage, without verification, this company can play its games--bad or good. I am optimistic here
-at least in the long run. Meaning 12 mos plus. Very much appreciate the contact.

[kaisersosze]

Big volume today. At least 2 blocks of 100K shares went through. Something's up!!

[kaisersosze]

Also HH, since I'm not a member, I can't send private replies!

Regards.

[kaisersosze]

Here is the link...

http://biz.yahoo.com/bw/040217/176144_1.html

[HIGHHOPES]

IGII board on ragingbull.com is


http://ragingbull.lycos.com/mboard/boards.cgi?board=BB%3AIGII&origsymbols=bb%3Aigii


Thanks for your previous posts.

[HIGHHOPES]

Now I would think that this company would begin to roll out information that they held out on before the aqcuisition was completed. I would think that they will be in a position to do so now and begin trying to validate the previous press releases.

I am a little curious also as to why a company in the business that they are in for a few years now, does not have a website. Seems a bit odd to me but maybe I'm off track.

They need some credibility.

[HIGHHOPES]

Thanks for the reply.

Go to ragingbull.com

Type bb:igii and to the right you can specify message boards.
Then click.

I apologize ....don't know how to post the link yet.

All bulletin boards have to be prefaced with bb:

Look forward to your comments.

[kaisersosze]

IGII...this is weird. After the report this morning that the 8K wasn't complete, they just released this announcement?? Sounds good, I think!
IBSG International Confirms Closing of Acquisition [DFDBVNJ]

Business Editors/High-Tech Writers

CELEBRATION, Fla.--(BUSINESS WIRE)--Feb. 13, 2004--IBSG
International, Inc. (OTCBB:IIGI) announced today that the previously
reported acquisition of Intelligent Business Systems Group, Inc.
(IBSG) has been formally completed.

About IBSG:

IBSG, a subsidiary of IBSG International, commenced business in
1997, and is now in its sixth straight year of profitable operations
selling enterprise solutions that is designed to greatly 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 proprietary
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 NetPool Data System (copyrighted).
As a software provider, system integrator and Application Service
Provider, IBSG generates its revenue from license sales, system
modifications, system support, and a percentage of monthly customer
fees. IBSG clients, among others, include the Small Business
Development Centers of California, National Black Chamber of Commerce,
San Joaquin Delta College and North Dade Chamber of Commerce.

Forward-Looking Statements:

Statements about the Company's future expectations, including
future revenues and earnings, and all other statements in this press
release other than historical facts are "forward-looking statements"
within the meaning of section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of 1934, and as the term is
defined in the Private Litigation Reform Act of 1995. The Company's
actual results could differ materially from expected results. The
Company undertakes no obligation to update forward-looking statements
to reflect subsequently occurring events or circumstances. Should
events occur which materially affect any comments made within this
press release, the Company will appropriately inform the public.
-0-
*T
Intelligent Business Systems Group International Inc.
World HQ
1132 Celebration Blvd.
Celebration, Fl 34747
[phone]
*T

--30--CP/mi*

CONTACT: Redwood Consultants LLC, Novato, Calif.
Jens Dalsgaard, 415/884-0348

[kaisersosze]

HH, can you post a link to the Raging Bull board? I can't find it.

Thanks.

[kaisersosze]

Well, it's certainly not the best of news. It's either true and valid information (and I was involved in one of these "reverse takeovers", and they can consume lots of money and time with the Accountants and Legal, so I know it's not easy), or it's B.S., and this is just a scam. From talking to them, I would say it's the former (and have done so with my money by taking a decent size position in the company). Looks like we should know within a month. Also, I recommend you call the good Dr. himself. He's very forthcoming (or appears to be)!

Good luck.

[HIGHHOPES]

Sorry about the caps.

[HIGHHOPES]

IS THERE ANYTHING TO ME MADE OF THE 8K THAT WAS RELEASED TODAY?
POSTERS ON THE RAGING BULL SITE ARE THROWING AROUND ALL TYPES OF ALLEGATIONS ABOUT THIS COMPANY. OBVIOUSLY ONE NEVER KNOWS THE MOTIVE IN THESE CASES.

jUST CURIOUS TO SEE IF YOU HAD ANY THOUGHTS ON THE 8K AND THE FACT THAT THE COMPANY WAS NOT ACQUIRED AS HAD BEEN PLANNED.
ANYTHING TO BE CONCERNED ABOUT?

I WOULD BE EXTREMELY APPRECIATIVE TO HEAR YOUR OBSERVATIONS.
THANKS VERY MUCH.

[kaisersosze]

Projections keep going up. I think once the 10K comes out, this will react nicely.

http://biz.yahoo.com/bw/040211/115475_1.html

[HIGHHOPES]

Just bought into this company a week ago now. I very much appreciate being able to be in touch with others about it. This co. was referred to me on the ubet board on yahoo. Made my judgement on buying only thru press release numbers. Hopefully I will be able to contribute but in the meantime thanks for the informative and reassuring posts.

[kaisersosze]

Well today sort of stunk. We really need the release of that 10Q (or is it K), so people can clearly see what the audited numbers look like! Hope it's out soon!

[kaisersosze]

Good info gary. I'm on the road right now, so haven't been able to call him myself, but I should be able to next week!

As far as the listing, again, it's sort of a chicken and egg situation, as the stock has to be over $5 to list on NAZ!

[gary schrimpf]

kaisersosze:

I spoke with the good Doctor today. He is a very easy person to converse with and was extremely forthright with his answers to my questions.

My main concern of course was the question of raising capital. It appears they may would like $2MM and maybe later $3MM to get more people on the streets selling. It does not sound like major dilution and they may have other ways of raising that capital. The money would help create more business and of course more profits.

We will get some type of filing in the relatively near future. I believe that is all he could say about it per regulations.

The estimated after EBITDA earnings sound better than I had hoped for although I believe if people want to know they should call and ask themselves. I was satisfied that my investment was somewhat secure.

Regardng the listing on the Naz or possibly AMEX, this is yet to be determined.

Hope this helps.

[kaisersosze]

I'll go back and double check.

Thanks!