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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Kimberly Lee who wrote (10846)	7/6/1999 10:53:00 AM
From: Koda Ridge	Read Replies (1) \| Respond to of 108040

IBUI News--Just announced that they showed an operating profit in the last year. Huge for an internet stock trading at only 10 cents. Eric (BSNS WIRE) Internet Business's International Inc. Achieves Profits For Internet Business's International Inc. Achieves Profits For Fiscal '99 Business Editors and High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--July 6, 1999--Internet Business's International Inc. (OTC BB:IBUI)(www.inbusin.com) Tuesday announced that the company has earned a profit in the fiscal year ended June 30, 1999. "We aren't releasing the exact dollar amount of the profit pending review by our auditor," said Albert Reda, chief executive officer, "but the main thing is that the company has achieved profitability in its first year following reorganization and repositioning as an Internet related enterprise. "Being in the black puts us in a pretty exclusive club as far as Internet businesses go. We did a quick check and could only find a handful in a similar situation, and those companies are household names. I'm more than pleased that IBUI is breathing that rarified air." Reda attributes the success to bare-bones overhead. "You won't find anything gold-plated around here. We didn't have the luxury of fat donations from venture capitalists, so we've taken the minimalist approach," said Reda. "I'm glad to see that all the belt-tightening has paid off on the bottom line." The company's annual shareholders' meeting is set for this Friday, July 9th, 1 p.m. Pacific Daylight Time. Internet enabled shareholders will be able to view the proceedings and participate by logging on to the company's Web site located at www.inbusin.com. Internet Business's International is a Delaware corporation with headquarters in Newport Beach, Calif. Its shares trade on the OTCBB under the ticker symbol IBUI. Statements in this news release may contain forward-looking information within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934, and are subject to the safe harbor created by those sections. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of Internet Business's International Inc. are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Internet Business's International Inc. assumes no obligation to update information contained in this release. --30--RMS/np* CONTACT: Internet Business's International Inc. Albert Reda, 949/833-0261 KEYWORD: CALIFORNIA NEVADA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET EARNINGS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *