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10/28/03 12:15 PM

#43051 RE: sublime #43049

International Broadcasting Corporation Teams up with Top Australian Brokerage

Firm to Provide Offshore Trading to
North America

Business Editors

SANTA MARIA, Calif.--(BUSINESS WIRE)--Oct. 28, 2003--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).
Total shares outstanding are roughly 89.1 million shares with 36.1
million shares in the public float. New IBCS investors are encouraged
to read the archived news releases at www.IBCmedia.com.

Statements in this press release other than statements of
historical fact are "forward-looking statements." Such statements
are subject to certain risks and uncertainties including the demand
for the Company's services, litigation, labor market, and other risk
factors identified from time to time in the Company's filings with the
Securities and Exchange Commission that could cause actual results to
differ materially from any forward-looking statements. These
forward-looking statements represent the Company's judgment as of the
date of this release. The Company disclaims, however, any intent or
obligation to update these forward-looking statements.

--30--RJ/la*

CONTACT: International Broadcasting Corporation
Daryn P. Fleming, 805-938-5573
invest@ibcmedia.com

KEYWORD: CALIFORNIA AUSTRALIA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: PUBLISHING CABLE TELEVISION/RADIO MOTION
PICTURES MARKETING AGREEMENTS
SOURCE: International Broadcasting Corporation

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Oct-28-2003 16:51 GMT
Symbols:
US;IBCS
Source BW Business Wire
Categories:
MST/I/BRD MST/I/CBL MST/I/MOV MST/I/PUB MST/R/ASI MST/R/AU
MST/R/US/CA MST/S/PDT TGT/BWN