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International Broadcasting Corporation Teams up with Top Australian Brokerage Firm to Provide Offshore Trading to North America

SANTA MARIA, Calif., Oct 28, 2003 (BUSINESS WIRE) -- International Broadcasting Corporation (OTCBB:IBCS), announced today that it is working with Paterson Ord Minnett, a licensed securities dealer and corporate member of the Australian Stock Exchange to provide offshore trading for Americans and Canadians. IBCS shall generate revenue through this new subscription service, which includes the set-up of accounts, and all the information needed to be able to trade off shore - focused exclusively on small company stocks listed on the Australian Stock Exchange. IBC News Network premium service subscribers (www.Bigstockmarket.com) will soon receive beta tests of the new program. The Australian Stock Market is open from 5 PM to 11 PM EST.
Commenting on the project, Daryn P. Fleming, President of IBCS, says "To the best of our knowledge this is the first time the Australian Stock Exchange has ever been formally promoted to investors inside the United States and Canada. We are proud to be able to partner with a prestigious brokerage firm like Paterson Ord Minnett in bringing such a program to North America. We believe the program will generate substantial revenue not only from Americans and Canadians but from Australians as well. This arrangement will provide additional international content and exposure.

Andrew Bostock of Paterson Ord Minnett says "We are excited with this partnership and look forward to a successful future."

Laurence R.L. Gartner, a consultant to IBCS, says "This is an extraordinary initiative in smoothing the way for trading around the clock. We are lowering the hurdles for informed trading. We are also making it much easier to do so. This is a 'win-win' for all parties: the Trader/Investor, IBCS and the Australian Broker."

About International Broadcasting Corporation

International Broadcasting Corporation is a developmental stage company that endeavors to develop successful publishing, media, and broadcasting related businesses and ventures. The Company is focused on developing and providing both online and offline information and entertainment content through three units -- IBC Radio Network (http://www.IBCradio.com), IBC News Network (http://www.ibcnn.com), and IBC Entertainment Group (http://www.cultmoviesonline.com).