IGII

[eliteG]

update IGII:

We had to follow our plan and sell IGII on Friday.. we only got partially filled and we will look to sell the rest on Tuesday.  IGII remains a great value here but this is the fire portfolio and no one can say this stock is on fire right now.  Time to move on and put this money to work for us.

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Position: bought IGII @ 0.265 on 05/15/2006
Order: Sell
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[la-onda]

just FYI:

Cesars update:

http://www.otcbbcoverage.com/stocks/index.php?topic=30.60

today will be interesting IMO

[wrangler]

Seems to be heading up. Might want to put it back on you're watchlist
  

Press Release Source: IBSG International, Inc.

Alabama is First Gulf State to Sign IBS Group Agreement Under Gulf Coast Revitalization Project
Monday June 12, 8:30 am ET

CELEBRATION, Fla.--(BUSINESS WIRE)--June 12, 2006---
Over $700,000 in Gross Revenues over 1st Year of Operation,

IBSG Waives 1st Year License Fees as Part of Disaster Recovery

Consideration for Small Business Development Centers

IBSG International, Inc. (OTCBB:IGII - News), a holding company for four technology and software subsidiaries, is proud to announce today that its subsidiary, IBS Group, Inc.(IBSG Group), has initiated a Gulf Coast Revitalization Project 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 waive first year license fees, valued at $100,000 for each state participating, as their contribution to the Gulf Coast recovery effort.

Alabama is the first such state to sign a formal agreement with IBSG under the Revitalization Plan, and is expected to generate $6.9 million in revenues to be shared between the Alabama SBDC and IBSG over the life of the five-year agreement. Although no assurances can be given, management anticipates that during the first 12 months of operation, shared revenues based on a percentage of the estimated 86,000 businesses, according to the state of Alabama's statistics, is expected to exceed $700,000.

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 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.

[422fwhp]

Good accumulation!  Anyone else following this?

laterz...Jody

[422fwhp]

VOLUME!