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[USF11]

ICAN..750mil SHARE BUYBACK!
GAP & GO.

IBAC Corporation to Increase Company Share Buyback

NEW YORK, May 19, 2005 (BUSINESS WIRE) -- IBAC Corporation (OTC.PK:ICAN.PK) Today announced that they will increase the previously announced company share buyback from up to 300M to 750M shares on the open market by September 30, 2005. The Company has purchased 200M shares today on the open market through a third party.
Forward Looking Statements:

This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the restaurant industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

SOURCE: IBAC Corporation