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To: SSP who wrote (45885)	5/5/2000 11:01:00 AM
From: LANCE B	Read Replies (3) \| Respond to of 150070

INBR- WAS 5.00 BEFORE MM STARTED HAMMERING THIS ON LACK OF ATTENTION DURING SCAM TIME,NOW SPINNING OFF SHARES ON 3 NEW COMPANIES THEY ARE AQUIRING,LOVE FREE SHARES International Brands, Inc. Announces Intention to Further Diversify Plan Would Increase Investors' Equity Through Distribution of Shares in New Companies SAN DIEGO, May 5 /PRNewswire/ -- International Brands, Inc. (OTC Bulletin Board: INBR), best known for its e-commerce superstore, www.worldbestbuy.com, has announced that it is in negotiations to acquire and spin-off three "bricks-and-mortar" companies to enhance the value of shareholder holdings and help insulate the company from wild fluctuations in any one segment of the stock market. "At this particular time, it is important to remember that International Brands is, and always had been, a diversified company with interests outside -- as well as inside -- the world of e-commerce," said International Brands Inc. Chairman of the Board Steven Zubkis in a letter to shareholders issued earlier this week. "Currently, the directors are negotiating with several companies to increase the diversity of your portfolio by acquiring those companies and spinning them off into independent enterprises in which you and all other current IBI stockholders would automatically be granted shares. "I can also tell you that the three potential spin-off candidates currently under evaluation are not dot.com companies, are growing, active corporations, and have operated at a profit for at least their last fiscal year," Zubkis continued. "That is not to say that we are uninterested in, or would not consider or enter into a beneficial relationship with an e-commerce or other dot.com company. As always, we will analyze and appraise every opportunity to increase the value of International Brands, Inc. and your holdings in it on an individual basis." Zubkis also noted that anyone holding stock in IBI at the time of any spin-off would be eligible to receive shares in any new companies created even if their IBI stock was acquired after this announcement. International Brands' current roster of non-dot.com holdings includes interests in Majic Entertainment, a Las Vegas-based company that provides variety and specialty entertainment for corporate events, pre-game and half-time shows, new product launches, Las Vegas stage productions, and TV variety shows; and Moviment Productions, a Southern California audio/video and post-production company specializing in 3D Animation and Multimedia CD-ROMs. About International Brands, Inc.: San Diego-based International Brands, Inc. (OTC Bulletin Board: INBR) is a publicly traded technology company with majority or partial interests in internet, media, entertainment and broadcasting enterprises. Except for the historical information contained herein, the statements in this press release are forward-looking statements that involve risks and uncertainties. Potential risks and uncertainties include, without limitation, continued competitive pressures in the marketplace; the effect competitive and economic factors and the Company's reaction to them may have on consumer and business buying decisions with respect to the company's products and services. These forward-looking statements include statements related to potential prospects of the company. Actual results may differ materially due to a number of risks. This press release provides general information and should not be construed as an offer to sell securities. This report is for informational purposes only and should not be construed as advice or as meeting the investment needs of any particular investor or designed to be the basis of any investment decision. CONTACT: Chuck Heindel of International Brands, Inc., 619-595-4888. SOURCE International Brands, Inc. CO: International Brands, Inc.; WorldBestBuy.com ST: California IN: CPR MLM SU: 05/05/2000 10:44 EDT prnewswire.com Announcement: America Online has added Reuters newswires to News Profiles. T