"Why has there been no action by the FCC?" Actually, as another poster pointed out it is the SEC. I believe that if you read the highlighted portion of the following filing you can bet that this wasn't put out by IGII just for funsies. This shows the completely fraudulent nature of the company.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 13, 2004
IBSG INTERNATIONAL, INC.
(Exact name of registrant as specified in this charter)
Florida 0-029587 65-0705328
(State or other jurisdiction
of incorporation) (Commission
File Number) (IRS Employer
Identification No.)
1132 Celebration Blvd., Celebration, FL 34747
(Address and Zip Code of Principal Executive Offices)
Issuer's Telephone Number: (321) 939-6321
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
On February 13, 2004 IBSG International, Inc. (the "Company") issued a press release and filed a Current Report on Form 8-K announcing the acquisition of its subsidiary, Intelligent Business Systems Group, Inc. In such press release and Form 8-K the Company stated that Intelligent Business Systems Group, Inc. "...commenced business in 1997, and is now in its sixth straight year of profitable operations..." The Company has determined that this statement did not correctly report historic facts concerning its Intelligent Business Systems Group, Inc. subsidiary and is filing this amendment to its Current Report on Form 8-K filed on February 13, 2004 to correct such statement. Intelligent Business Systems Group, Inc. was incorporated on January 9, 2003. Audited financial statements of Intelligent Business Systems Group, Inc. as of December 31, 2003 have been filed with the Company's Form 8-K/A filed October 21, 2004. Intelligent Business Systems Group, Inc. reported a net loss of $376,848 for the period from Inception (January 9, 2003) through December 31, 2003.
Such incorrect statement was made based on the operating history of another company which marketed technology which was marketed by Intelligent Business Systems Group, Inc. in 2003.
Now, if you look at the historical perspective of IGII as noted in early PR's from IBSG Rivers claimed that not only was the prior company in business since 1997 but that it had substantail earnings.
Can you say FRAUD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
AI
