ICBS Limited (ICBT)

[Lex_Luthor]

July 24, 2007 - 10:44 AM EST

ICBM 0.0012 0.00

ICBS Board of Directors to initiate a stock buy back program
NEW YORK and MONTREAL, July 24 /PRNewswire-FirstCall/ - ICBS Limited (ICBS) (Pink Sheets :ICBM) a business development and finacial management firm located in New York and Montreal, today announced plans to initate a stock buy back program.

In a directors meeting held in Montreal on July 23, 2007, the board of directors of ICBS voted unamonoulsly to initiate a stock buy back program. This move was made due to what the Board's Chairman Dr. George Tsoukas called a undervaluation of the companies stock.

'We feel the stock has been long undervalued by the market place considering the progress we have made in the last 12 months on aquiring interest in opportunities in selective high-growth companies to create value for our shareholders, said Garth McIntosh, President & CEO.

Sounds worth repeating to me.......