Update:
Press Release
The IBX Group Issues Statement on Non-Dilution and Share Structure
Tuesday August 26, 2008 12:17 pm ET
Deerfield Beach, FL--(5minutemillion.com)--Aug 26,2008-- The IBX Group Inc.(OTC: IBXG News), a company that develops financial, administrative and technology solutions for the healthcare industry, and deploy these services to hospitals, multi-physician group practices and healthcare organizations across the United States, has commented on the companies share structure to its shareholders. Yoshiko Tomori Shale CEO of The IBX Group, said, "In response to the growing questions regarding the company's share structure, we wanted to inform our shareholders of the current numbers". As of Aug. 26, 2008 , Authorized Shares are 500,000,000, Outstanding Shares are 190,481,145 and the current Float is 55,057,000.
"The company is not in need of capital nor do we have any funding's or ventures that could cause a major downward spiral in our stock. We are making strong progress in completion of our reverse merger and look forward to going public in the near future. I would like to reaffirm IBX shareholders that we are moving forward stronger then ever and will bring you value in your investment. We will continue to execute growth strategies and achieve milestones that the company has not seen up to this point, our outlook remains extremely strong."
About The IBX Group Inc.
The IBX Group Inc is engaged in providing administrative services, network support and maintenance to clients predominantly in the healthcare sector. The Company develops financial, administrative and technology solutions for the healthcare industry, and deploys these services to hospitals, multi-physician group practices and healthcare organizations across the United States.