To: jmhollen who wrote (105404 ) 5/29/2002 8:48:01 AM From: Joe Copia Respond to of 150070 IBUI Trading Symbol Changes to IBII Business Editors & Internet Writers LAS VEGAS--(BUSINESS WIRE)--May 29, 2002--Internet Business International Inc. (OTCBB:IBII), formerly (OTCBB:IBUI) today announced as of the open of market on Friday, May 24, 2002, its trading symbol has changed to "IBII." The symbol change is in connection with a reverse split of 10:1 of the company's issued and outstanding common stock. About IBUI Internet Business International (www.ibui.net) conducts business over the Internet through its operating divisions: Internet Access, 2xAccess (www.2xaccess.com) (wireless high-speed Internet and data communications for business and consumers, dial-up access, Web design and hosting services), Lending On Line (www.gcapgp.com) (real estate loans and equipment leasing), E Commerce (www.aceoptics.com) and Direct Marketing (www.1st2mart.com). 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. Safe Harbor Statement Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Acts of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other then statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.