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IBIN IBSG International Inc (CE)

0.000001
0.00 (0.00%)
31 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
IBSG International Inc (CE) USOTC:IBIN OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

IBSG International CEO Briefs Invitation-Only US Department of State Department of Commerce African Growth and Opportunity Act F

30/07/2008 3:30pm

Business Wire


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.

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