IBCS NEWS OUT!!International Broadcasting Corporation Announces Letter of Interest From Australian Investor and MBA
3 Apr 2003, 09:01am ET
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SANTA MARIA, Calif.--(BUSINESS WIRE)--April 3, 2003--International
Broadcasting Corporation (OTCBB: IBCS) announced today that it has
received a letter of interest from an Australian investor and
businessman. Mr. Laurence R.L. Gartner of Victoria, Australia has
expressed his interest in providing services to IBCS in such areas as
growth and expansion as well as visibility in the marketplace. Based
on the discussions, Mr. Gartner has offered these services on terms
favorable to the Company. Mr. Gartner also states he has been
purchasing IBCS stock on the open market.
About Mr. Laurence R.L. Gartner
Mr. Gartner has extensive experience and impressive credentials.
He has an MBA from the prestigious Edinburgh Business School -- with
professorial commendation. Mr. Gartner received a prize from Edinburgh
Business School for contributions made to the development of their
academic courses. He also has a Master of Applied Finance from
Australia's No. 1 Macquarie University for Finance. Mr. Gartner also
studied Computer Science.
Mr. Gartner served as a member of an executive committee in Board
level-activities and was responsible for such activities as drafting a
strategic plan and developing a complex international financial model
for a $1 billion revenue company. He has assisted companies in their
plans for overseas expansion, advised companies in test marketing new
products, assisted inventors in bringing their products to market,
etc. In the past six months Mr. Gartner has set up new companies that
generate new growth. Over a one-year period he has tripled the revenue
of one IT company. Over the past four years Mr. Gartner has
restructured companies and improved their performance, provided advice
to boards, CEOs, COOs, CFOs, and CIOs.
Mr. Gartner's operational experience includes restructuring
companies, business process engineering or re-engineering, risk
management, financing, software development, and e-commerce.
Commenting on IBCS, Mr. Gartner stated, "From my observations to
date, you appear to be one of the few genuine start-ups trying to grow
from the OTCBB exchange. Unfortunately, OTCBB listed companies do not
appear to have a good reputation. It may even carry a stigma. So, it
is all the harder for genuine start-ups to really `make a go' of
things. I am now convinced that your company is different from most of
those listed on the OTCBB exchange. You are here to stay. I have not
seen any of the typical stock dilution attempts of such dilution that
is associated with a lot of these OTCBB-listed companies. More
strikingly, you seem to cover a service that no one else appears to
be, LIVE coverage of stocks and ongoing basic analysis. I have
listened to your show numerous times and am impressed with the
coverage -- even at 1:30 AM Australian time."
About International Broadcasting Corporation
International Broadcasting Corporation is a developmental stage
company that endeavors to develop successful publishing, media, and
broadcasting related businesses and ventures. The Company is focused
on developing and providing online information and entertainment
content through three units IBC Radio Network
(http://www.ibcradio.com), IBC News Network (http://www.ibcnn.com),
and IBC Entertainment Group (http://www.cultmoviesonline.com). The IBC
Entertainment Group was launched in August of 2002, following the
acquisition of an on-demand, streaming online movie website called
Cult Movies Online. For more information about IBCS and all of the
different services, visit the 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.
CONTACT: International Broadcasting Corporation
Daryn P. Fleming, 805/938-5573 |
