To: SSP who wrote (123691 ) 12/3/2003 3:29:19 PM From: Bidder Respond to of 150070 IBCS NEWS!International Broadcasting Corporation Announces Details of Its Deal With Top Au tralian Brokerage Firm to Provide Offshore Trading to North America SANTA MARIA, Calif.--(BUSINESS WIRE)--IBCS-- International Broadcasting Corporation (OTCBB:IBCS) is pleased to announce the details of its recently announced agreement with Paterson Ord Minnett, a licensed securities dealer and corporate member of the Australian Stock Exchange. As stated in a previous announcement, the deal will give IBCS a percentage of the brokerage fee. Under the terms of the agreement, Paterson Ord Minnett will share one half of its standard brokerage fee of 1.5% of the total order on business we introduce. On minimum orders, IBCS will receive $20 of the minimum $80. Daryn Fleming, President of IBCS, says, "We are very excited about this project. Over 60% of stocks listed on the Australian Stock Exchange are penny stocks. Because of the strict listing standards in Australia, the quality of the companies far exceed most OTCBB companies in the United States. Therefore we feel the downside risk of this program is minimal and opportunities for profit phenomenal. The trading platform is web based and in my opinion, easier to use than many brokerage websites in the United States." Depending on individual time zones, the Australian Stock Market is open from 5 PM to 11 PM EST. About International Broadcasting Corporation International Broadcasting Corporation is a developmental stage company that endeavors to develop successful publishing, media, and broadcasting related businesses and ventures. The Company is focused on developing and providing both online and offline information and entertainment content through three units -- IBC Radio Network (http://www.IBCradio.com), IBC News Network (http://www.ibcnn.com), and IBC Entertainment Group (http://www.cultmoviesonline.com). Total shares outstanding are roughly 89.1 million shares with 36.1 million shares in the public float. New IBCS investors are encouraged to read the archived news releases at www.IBCmedia.com. Statements in this press release other than statements of historical fact are "forward-looking statements." Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward-looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. SOURCE: International Broadcasting Corporation (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy) Advertisements • FREE Term Life Insurance Quote • $7 Trades, No Inactivity Fee • Mortgage Rates are Low! Time to Refinance! « IBCS Message list | Reply to msg. | Post new