IBSG (CE) (USOTC:IBIN)
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IBSG International, Inc. (“IBSGI”)
(OTC BB: IBIN), developer and marketer of BizWorld Pro©,
a comprehensive, Internet-based Commerce Platform that operates as a
digital service centre for any government ministry-department, announced
today its CEO, Dr. Michael Rivers, recently spoke at The African
Growth and Opportunity Act (AGOA) Forum in Washington, DC. The
invitation-only event was organized by the US Department of Commerce in
conjunction with the US Department of State. Africa is considered by
many financial experts as the next major investment opportunity in the
world.
Dr. Rivers stated, “Africa has been
aggressively growing economically at more than double the pace of any
other region in the world.”
Dr. Rivers continued, “More than three years
ago, we recognized the potential of the African economy and began
aggressively marketing our BizWorld Pro software platform to various
countries in Africa. Today, we have become an established solutions
provider to five African nations and are in late-stage discussions with
a number of additional African countries to deploy BizWorld Pro. One of
the primary goals for most of these African nations is to provide an
efficient and cost effective Internet commerce solution for their Small
to Mid-size Enterprises, the single fastest growing commerce sector. Our
BizWorld Pro platform is doing just that. Subsequent to my remarks at
the AGOA Forum, I was approached by representatives from seven countries
to discuss our existing African projects and how they might implement
similar projects in their nations.”
AGOA is a progressive US trade and investment policy toward Africa that
is reducing barriers to trade, increasing diversified exports, creating
jobs and expanding opportunities for Africans. As a whole, Africa is
growing at a rate of between 6-7% per annum and, the economies of Africa
in aggregate currently have the 6th largest
Gross Domestic Product in the world. Within the next 18 months, the
continent’s aggregate GDP is projected to
surpass Germany’s, the 5th largest in the
world. According to a US Treasury spokesperson, in the past seven years,
private capital flows to sub-Saharan Africa have increased by about five
fold, totalling over $50 billion in 2007. China, the focus of
international investments over the last couple of years, is one of the
largest investors in the region.
IBSGI has had an active presence in Africa since 2005, and to date, has
sold master licenses and satellite licenses of its BizWorld Pro software
platform to a number of government agencies and ministries and business
associations in Africa, including the Department of Trade and Industry (“DTI”)
in South Africa; 53 Seda (small-mid size development offices); three
major public/private organizations with focuses ranging from support of
mining industry vendors to empowering women-owned businesses; the
Ministry of Trade and Industry in Kenya; as well as, three other African
countries through an agreement with the World Bank.
Moreover, IBSGI recently announced the South African DTI would double
the estimated number of businesses that utilize BizWorld Pro for all
digital business tools, from the original 250,000 estimate to 500,000.
The project will also be expanded to use the platform for all
procurement via the RFP (tender) and bid functions of the platform for
all DTI vendors, regardless of size. Additionally, BizWorld Pro will
provide the initial self assessment functions for businesses seeking to
secure a Black Empowerment Enterprise (BEE) score, a program tailored to
foster the growth of black businesses in South Africa.
About IBSG International, Inc.: (www.ibsgi.com)
IBSG International, Inc. (http://www.ibsgi.com/),
through its wholly-owned subsidiaries, is the developer and marketer of
BizWorld Pro©, a unique turnkey digital
service center software, that 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. IBSG licenses BizWorld Pro©
primarily to international government agencies and ministries, State
governments within the United States, as well as business associations,
who typically both utilize the platform internally and make the platform
available on a subscription basis to small-to-medium size enterprise
businesses within their jurisdiction. For more information about the
Company, please visit us on the web at www.ibsgi.com
or call 321-939-6321.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in
this release are forward-looking statements that are made pursuant to
the safe harbor provision of the Private Securities Litigation Reform
Act of 1995. The above information does not guarantee any
successful closing of new business. No assurances can be given
that any projections related to gross revenues or profit margins will be
realized. Forward-looking statements involve known and unknown
risks and uncertainties that may cause the companies’
actual results in future periods to differ materially from forecasted
results. Such risks and uncertainties include, but are not
limited to, market conditions, competitive factors, the ability to
successfully complete additional financings and other risks.