3SOF

I haven't noticed any posts here since May. This company is expected to post strong 2nd qtr numbers in the next couple of weeks. Also a 1/10 reverse split. Any thoughts?

Anyone else in?

Not in but the chart does look promising.   

Holding above .20 would be good and volume has been increasing the past few days.

3 magic lines below.   

May get in today.

Mississippi is Second State Joining IBSG's Gulf Coast Revitalization Project; Mississippi Small Business Development Ce
Business Editors

CELEBRATION, Fla.--(BUSINESS WIRE)--Aug. 28, 2006-- IBSG International, Inc., (the "Company"), (OTCBB:IGII) is proud to announce today that its subsidiary IBS Group, Inc., (IBSG) reports that the State of Mississippi is joining the Gulf Coast Revitalization Project initiated by IBSG in consideration of those states heavily impacted by last year's hurricanes, and with the approval of the US Small Business Administration's Disaster Recovery team. IBS Group will continue to waive first year license fees, valued at $100,000 for Mississippi, as they did with Alabama, as their contribution to the Gulf Coast recovery effort.

Mississippi joins the State of Alabama which together expect to provide BizWorldPro services to a conservative percentage of the estimated more than 200,000 small-to-midsize enterprises in those states according to Mississippi and Alabama state statistics. Although no assurances can be given, management anticipates that the State of Mississippi SBDC organization alone is expected to generate $5.9 million in revenues to be shared between the Mississippi SBDC and IBSG over the life of the five-year agreement, with approximately $600,000 realized in revenues during the first 12 months of operation.

Hurricane Katrina has caused widespread devastation to the Gulf Coast states, displacing tens of thousands of small- and mid-sized businesses and over 100,000 employees. Those state's Small Business Development Centers participating under the Project will utilize IBS Group's digital enterprise service center platform as the key tool to revitalize their small and mid-sized business communities.

"Even before last year's hurricane damage, we were on a strategy to develop Mississippi's small business community into a stronger economic position within the country," said Doug Gurley, State Director of Mississippi's SBDC network, "and although Katrina has caused us tremendous delays in implementing our strategy, we believe that a BizWorldPro network will help us make up for those delays and in fact let us achieve our goals even sooner than previously expected."

"We are expecting that businesses damaged or displaced by Katrina will be incented to return to full operation through the use of the powerful services provided by BizWorldPro," said William Campbell Jr., State Director of Alabama's SBDC network, "and in fact we hope that it will also encourage other businesses to come to our state to share in the revitalized economic development opportunities." Mr. Campbell added, "We well appreciate IBSG's contribution in helping us rebuild our small business community. It gives us further assurance that we will rise above the damage and create a solid ground for the thousands of small businesses looking to thrive in our state."

Alan M. Shafer, Chief Operating Officer of IBSG, stated that, "The addition of the State of Mississippi SBDC network to our Gulf Coast Revitalization Project is very encouraging to us not only for the good we know can be accomplished to strengthen Mississippi's business economy, but it also is a vote of confidence for the BizWorldPro system itself. We will be working very closely with Doug Gurley and his team to get their small business network operational as soon as possible so they can expand their good work in positively impacting Mississippi's business community and the jobs so necessary to their recovery."

Dr. Michael Rivers, CEO of IBSG International, said, "Mississippi is the latest political entity to see the value of our technology in aiding the development of its small-to-midsize enterprises. The scalability and flexibility of BizWorldPro is demonstrated by its adoption in various parts of the world as well as by our financial results. Our sales revenues in the latest quarter reported were up 223% over the same quarter the year before, operating profit rose six fold to $1.6 million, and the quarter ended June 30, 2006 was our eighth consecutive profitable quarter. Although no assurances can be given, our trajectory suggests that the second half of the year will exceed the first half results."

About IBSG International, Inc.

IBSG International, Inc. is a holding company for four technology and software subsidiaries: Intelligent Business Systems Group, Inc. (IBSG), a provider of turn-key digital service center software; Secure Blue, Inc., a Sarbanes-Oxley and security software solution provider; Intelligent Business Systems Development (IBSD), a software development, maintenance and data storage company and; A-Division IT, a consultant company focused on development of IT projects for multinational corporations.

IBSG offers enterprise solutions designed to enhance the operating efficiency and create revenue for State Small Business Development Centers, business associations (e.g., Chambers of Commerce) and Fortune 1000 corporations by licensing its unique turnkey digital service center software, which provides a broad range of digital budgetary, administrative and commercial services (B2B, e-commerce, government to business and enterprise business services) on a single platform known as the BizWorldPro(C).

Secure Blue, Inc. provides a robust economical Sarbanes-Oxley (SOX) compliance and security software suite, Secure Blue SOX Pro. It is targeted at small- and mid-cap public companies as well as private companies requiring SOX compliance to enable them to continue working with public companies.

As software providers, system integrators and Application Service Providers, IBSG, Inc. and Secure Blue, Inc. generate revenue from license sales, system modifications, systems support and a percentage of monthly customer fees. The typical IBSG/Secure Blue license agreement has a five-year term which is updated on an annual basis and almost invariably renewed upon expiration; to date the company has had only one licensee not renew, due to the expiration of the licensee's contract with another party.

IBSD, Inc. will provide ongoing support of International's other subsidiaries, IBS Group and Secure Blue. The company provides development, system support and secure data storage, and will maintain offices in the US and India, where its current offshore development and support team is located.

A-Division IT establishes it projects for multi-national corporations around the world. The projects are recognized off set program qualified and provide a required contractual obligation of theses corporations.

A-Division IT is an off set provider to BAE Systems and maintains relationships with various other multinational corporations. A-Division maintains office in the United Kingdom.

Still the bagholder on this one..anyone else?? 

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