Uplifting Press Release but we lost most of today's gains.
Thursday April 5, 8:45 am Eastern Time
Press Release
Internet Business's International Reports Record Results for Its Lending Online Subsidiary Atlas Capital Corp.
IRVINE, Calif.--(BUSINESS WIRE)--April 5, 2001--Internet Business's International Inc. (OTCBB:IBUI - news) announced today that its lending online subsidiary Atlas Capital Corp. is expected to report record revenues for the month of April.
The company forecasts revenues for the month will be between $12 and $15 million. Atlas recorded revenues for March of $8 million.
``We have seen explosive growth in our lending online business,'' said Albert Reda, IBUI chief executive officer. ``The reduction in interest rates has dramatically increased our business, and we have developed the infrastructure necessary to support the increase in volume. We anticipate that we will see continuing growth in revenues and earnings from this division throughout the rest of the year.''
About Internet Business's International Inc.
IBUI (www.ibui.net) is a broad-based Internet company that generates revenue from the Internet through the products and services that it provides.
IBUI, through its four divisions, offers the following online services: ASP, B2B, B2C, e-commerce, lending and leasing online, a national Internet Service Provider that offers Web hosting and design through a dial-up Internet access nationally, high-speed Internet access through DSL (in the Western United States), and wireless Internet which currently offers service in Las Vegas and Woodland, Calif.
With eight offices in the United States and one in Europe, the company has more than 120 employees.
For further information, contact Mathew Henderson, CEOcast Inc., for IBUI at 212/732-4300, or Tim Jurkowski for Atlas Capital Corp. at 949/752-5363.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Acts of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other then statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
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Contact:
CEOcast Inc.
Mathew Henderson, 212/732-4300
or
Atlas Capital Corp.
Tim Jurkowski, 949/752-5363
