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To: OFW who wrote (1421)	3/29/1999 2:25:00 PM
From: GARY P GROBBEL	Read Replies (2) \| Respond to of 1530

My opinion only...this is significant news...esp for those who understand how IBNL's Virtual Source Browser works...stock at 2 7/32...this just out: (COMTEX) B: PriceWaterhouseCoopers, Analytics, Harris Bank, Bank of M B: PriceWaterhouseCoopers, Analytics, Harris Bank, Bank of Montreal and Interactive Buyers Network International, Ltd. Form E-business Consortium VENTURA, CALIF. (March 29) BUSINESS WIRE -March 29, 1999-- Delivery of Breakthrough End-to-End Internet E-business That Requires No Client-Side Software and can be Implemented By Any Size Business in a Matter of Days Interactive Buyers Network International, Ltd. (OTCBB: IBNL) announced today from Toronto, Canada: The formation of a "best in class" consortium made up PriceWaterhouseCoopers, Analytics, Harris Bank, Bank of Montreal and Interactive Buyers Network International, Ltd. was announced at the Strategic Purchasing Conference being held in today Toronto, Canada by John Jensen, President of Analytics. The purpose of the consortium is to deliver what is being termed as "E2E", the end-to-end solution that encompasses the entire purchasing process including requests for quotations (RFQs), purchase orders, invoicing, electronic funds settlement, and real-time analysis and reporting via the Internet. PriceWaterhouseCoopers will provide FVP (Full Value Procurement) services, IT support for VSN integration to ERP, IT support for VSN integration to banking, and finally to offer a total outsourcing option. Analytics will provide purchase analysis research to chart the best course and populate VSN procurement application. They will also provide real-time Internet reporting to clients. Harris Bank and Bank of Montreal will provide electronic funds settlement and "lights-out" accounts payable options. IBNL will provide, maintain and enhance VSN, the Internet application that does not require any client side software and performs all corporate procurement functions. Statements in this news release that relate to management's expectations or beliefs concerning future plans, expectations, events and performance are "forward-looking" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results or events could differ materially from those anticipated in the forward-looking statements due to a variety of factors, including, without limitation, changing technology, the effects of competitive pricing, general economic conditions, and availability of capital. -0- jc/ny* CONTACT: Interactive Buyers Network International, Ltd. Robert "Jay" McShirley, President & CEO Ventura, CA 805-677-6720 or Magnum Financial Group, LLC Michael Manahan, Principal Los Angeles, CA 213-488-0443 msmanahan@magnunfinancial.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS TELECOMMUNICATIONS INTERACTIVE/MULTIMEDIA/INTERNET COMED BANKING ENTERTAINMENT EDUCATION RETAIL 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 *