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IBCS News International Broadcasting Corp. Announces Planned Acquisition

SPOKANE, Wash.--(BUSINESS WIRE)--International Broadcasting Corp. (OTCB:IBCS) today announced that it has entered into negotiations to acquire a privately held financial media company with television, web video and print content distribution.

Darrell Nether, President of IBC Radio Network said “This would be the Company’s first acquisition in its corporate history. With the assistance our newly appointed Advisory Team, the Company has been seeking ways to enhance shareholder value through both organic growth, as well as mergers and acquisitions.”

Mr. Nether further stated, “With traditional print magazines, tv and streaming web video, this is an ideal acquisition candidate for the Company to complement our existing core business of web based talk radio. If negotiations prove successful, we expect to enter into a Letter of Intent before the end of this year, at which time more details will be released, for a scheduled closing in January of 2007.”

Mr. Nether concluded, “I also look forward to releasing newly added content and segment times. Additional information will be forthcoming as they are closed.”

IBC has been executing on a newly implemented business plan that includes increased Company growth and exposure that new management and its newly appointed Advisory Team put in place in the last few months.

About IBCS: A Broadcaster and Holding Company

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.

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. The disclaimer for sponsors is located at http://ibcnn.com/disclaimer.htm.