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Wednesday, 12/13/2006 10:46:53 AM

Wednesday, December 13, 2006 10:46:53 AM

Post# of 49486
IBAC Corporation Prepares To File Form 10 in Anticipation of Move to the OTCBB

IBAC Corporation (Pinksheets:IBCX) a Hospitality Holding Company today after the bell announced, that it is in the process of preparing the required form 10, that is necessary for the company's request to trade on the OTCBB.

The company is working on a fast track basis, and expects to file the form 10 very soon, thus giving the company the ability to trade on the OTCBB.