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To: Taki who wrote (102597)	3/25/2002 9:42:56 AM
From: Taki	Respond to of 150070

IBUI news.Scanz Signs Letter of Intent to be Acquired By IBUI SANTA MONICA, Calif., Mar 25, 2002 (BUSINESS WIRE) -- Scanz Communications Inc. today announced it has signed a non-binding letter of intent to be acquired by Internet Business International (OTCBB: IBUI chart, msgs). IBUI plans to implement Scanz 50 megabit per second (mbps) wireless digital video transmission technology in IBUI's wireless coverage areas. Scanz, a private company, expects to report $9 million in EBITDA in fiscal year 2002, with $20 million projected for fiscal 2003 including licensing profits. Scanz has focused the application of their wireless video transmission system in the airport security and sporting event markets. The Scanz Scannor(TM), a portable, handheld wireless device, provides instant real-time video of sporting events, including instant playback, freeze, zoom, slow down, speed up and reverse capabilities. The applications in the airline environment include operations and maintenance monitoring, fire prevention and security. Additional opportunities exist for government security applications with Post Offices, Immigration checkpoints, the U.S. Secret Service and Drug Enforcement Agency. Scanz and IBUI will work to integrate the Scanz digital video system into the wireless data transmission umbrella that IBUI's 2X Wireless Division operates at the Las Vegas Motor Speedway. "There are natural synergies between IBUI and Scanz with our real-time digital video system and IBUI with their wireless infrastructure to provide fast and reliable connections," said David Brien, Scanz chairman and chief executive officer. About Scanz Scanz Communications is a global company that delivers wireless full motion video through its portable video-centric Web appliance, the Scanz Scannor(TM). The Scannor(TM) will be used for sports officiating, security and live program delivery for consumer consumption. The Scannor(TM) is the first handheld video-centric multi-media Web appliance that's capable of receiving, storing and playing back in real-time digital full motion video and audio. The signals, which are encrypted, can be manipulated in a variety of ways -- slow motion, 8 times zoom, freeze frame, pan, forward and reverse. More information on Scanz is available at www.scanz.com About IBUI Internet Business International (www.ibui.net) conducts business over the Internet through two operating divisions: 2xAccess (wireless high speed Internet and data communications for business and consumers, dial-up access, Web design and hosting services) and Lending On Line (real estate loans and equipment leasing). IBUI has six U.S. and one European office and more than 40 employees worldwide. For additional information, contact IBUI Investor Relations toll-free: 866/441-8901 or via e-mail: info@ibui.net. Contact: Internet Business International Inc. Rich Schineller, 973/633-0888, ext. 110 rich@3rd-mm.com or Scanz Communications Inc. Rosalinda Perry, 310/255-7500 rp@scanz.com