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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Taki who wrote (134558)6/23/2004 3:36:15 PM
From: Deeber  Read Replies (2) of 150070
 
SEC Conducts Informal Inquiry Regarding IBZT
Wednesday June 23, 3:30 pm ET

PHOENIX, June 23 /PRNewswire-FirstCall/ -- iBIZ Technology Corp. (OTC Bulletin Board: IBZT - News), an innovative manufacturer and distributor of accessories for personal digital assistants (PDAs) and other handheld devices, advised that the Securities and Exchange Commission ("SEC") is conducting an informal inquiry. The SEC has asked IBZT to voluntarily produce documents pursuant to a written request. In addition, the SEC has spoken, and requested to speak, with certain officers of IBZT on an informal basis.

Further, the SEC has indicated that this inquiry should neither be construed as an indication that the Commission or its staff believes any violation of law has occurred, nor should IBZT consider it an adverse reflection upon any person, entity, or security. IBZT intends to cooperate and assist in the SEC's inquiry as well as keep our shareholders informed.

About iBIZ Technology Corp.:

iBIZ Technology Corp. is a leading manufacturer and distributor of accessories for personal digital assistant (PDA) and other handheld devices. iBIZ is recognized for innovative, high-quality, competitively priced products that are available through major retailers. For more information on iBIZ products and services, please visit www.ibizcorp.com or call 1-800 234-0707.

For further information, please contact: Media, Belinda Banks of S&S Public Relations, +1-718-320-4898, Belinda@sspr.com; or Investor Relations, Ed Lewis of CEOcast +1-212-732-4300, both for iBIZ Technology Corp.
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