Message #28 From:
Stock News Bot Date: March 28, 2007 08:00:00 AM
IBCS News International Broadcasting Corp. Signs Letter of Intent
SPOKANE, Wash.--(BUSINESS WIRE)--International Broadcasting Corp. (OTC: IBCS) announced today that it has signed a non-binding Letter of Intent to acquire Stock Information Systems, Inc. ("SIS"), a Midvale, Utah-based corporation. SIS specializes in providing information about publicly traded companies on the OTC and will operate as a wholly-owned subsidiary.
Darrell Nether IBCS's CEO stated, "This acquisition represents the ability to greatly enhance the current service offerings of both IBCS and SIS. Once complete, the combined efforts of Ted Phillips and his team at SIS will provide the additional infrastructure that has been lacking at IBC. I am very excited for IBCS and what this means to all of us moving forward."
Ted Phillips, SIS's CEO said, "We have been searching for an Internet partner who will complement the great service Stock Information Systems provides. Together with IBC we can combine to build a company that will serve the needs of the investing community and provide information that investors just can’t get anywhere else — especially in the Pink Sheet and OTCBB Market.”
Although both companies expect to work toward a closing in an expeditious manner, the transaction is subject to customary conditions and contingencies, including entering into definitive agreements and obtaining financing.
The completely new user friendly Stocktalklive.net website is now fully operational. Upon closure of the acquisition of Stock Information Services, IBC will also undergo a corporate website makeover.
International Broadcasting Corporation has retained the services of Securities Compliance Control, LLC to assist in the process of this acquisition.
About Stock Information Systems: Stock Information Systems, Inc. provides investor relations exposure to companies that have gone unnoticed by Wall Street. With only 30 minutes per month, a CEO of a small public company can do all of his/her Public Relations and Web Site maintenance. Getting vital information in front of the right people via your own professional web site is just moments away. SIS has spent the money and the time to ease the life of the CEO of a small public company. Pink Sheet and OTCBB companies will receive more exposure, credibility, and shareholder awareness. This all makes a huge difference when courting stockbrokers, market makers, traders, and investors.
International Broadcasting Corp. owns and operates "Stock Talk LIVE," a fully interactive 7-hour long business radio talk show focused exclusively on small-cap stocks priced below $5. Since 2002, the show has been "on-the-air" each and every stock market day. Every show covers a wide spectrum of stocks, interesting and knowledgeable callers, and significant trading opportunities for both long and short-term perspectives. International Broadcasting is also a holding company, holding stock positions in many other young, progressive companies. For more information about International Broadcasting Corporation, please visit our main corporate website at www.IBCmedia.com.
About Securities Compliance Control, LLC:
Securities Compliance Control, LLC assists publicly traded companies with their reporting requirements, Blue Sky registrations, compliance with SEC and NASD regulations and state rules. SCC also provides assistance in all areas of Registration Statements, Capita Formation Planning, Mergers & Acquisitions, Accounting, Filings and Shareholder/Investor Relations Programs.
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.
