Kentucky Small Business Development Centers Adding IBSG's BizWorldPro Digital Commerce Platform to Their Portfolio of Online Service Offerings
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Kentucky Rebuilding Their Online Presence Utilizing IBSG and IBSD Services
CELEBRATION, Fla.-- IBSG International, Inc. (OTC BB: IBIN) is proud to announce today that its subsidiary IBS Group, Inc., (IBSG) reports that the state of Kentucky Small Business Development Centers will be adding IBSG's BizWorldPro digital commerce platform to their small- to mid-sized business services network. Although no assurances can be given, management anticipates that the state of Kentucky SBDC project is expected to generate $10.8 million in revenues to be shared between the Kentucky SBDC organization and IBSG over the life of the five-year agreement, with approximately $1,250,000 realized in revenues during the first 12 months of operation.
The Kentucky Small Business Development Center (KSBDC) network is a premier provider of business services that empower entrepreneurs with practical information, skills, and strategies that make measurable, positive impact on the performance of their businesses and, by extension, on the communities in which they work. The KSBDC is dedicated to strengthening Kentucky businesses and creating economic growth by building strategic alliances and by providing excellent management assistance, educational programs, and helpful resources for Kentucky small business owners and entrepreneurs.
Kentucky's Small Business Development Centers have been assisting the Commonwealth's small business community for more than 20 years. With 15 service centers statewide and an experienced and knowledgeable staff, KSBDC is a great resource for both existing business owners and potential entrepreneurs. KSBDC is co-sponsored by the US Small Business Administration and is administered by the University of Kentucky and the Gatton College of Business and Economics, in partnership with regional universities, community and private colleges, and the private sector.
"The state of Kentucky is looking to take a premier position among SBDC organizations by encouraging businesses within our state to utilize technology to its fullest opportunity," says Kentucky SBDC Associate State Director Dr. Gordon Garrett, "and we are looking at IBSG's BizWorldPro as a platform upon which we can build an online service and support facility where we can help small businesses to accelerate their growth and sustainability in the market."
Alan M. Shafer, Chief Operating Officer of IBSG, adds that "we are proud to partner with the Kentucky SBDC in developing a state-of-art platform to support the SBDC, its counselors, and the small- and mid-sized businesses they serve. As we build additional functionality to meet Kentucky's needs, we will be offering those enhancements to our other SBDC partners as well, thereby increasing their productivities and the sustainability of their clients."
About IBSG International, Inc.
IBSG International, Inc. is a holding company for four technology and software subsidiaries: Intelligent Business Systems Group, Inc. (IBSG), a provider of turnkey digital service center software; Secure Blue, Inc., a Sarbanes-Oxley and security software solution provider; Intelligent Business Systems Development (IBSD), a software development, maintenance and data storage company; and A-Division IT, a consultant company focused on development of IT projects for multinational corporations.
IBS Group offers enterprise solutions designed to enhance the operating efficiency and create revenue for State Small Business Development Centers, business associations (e.g., business associations) and Fortune 1000 corporations by licensing its unique turnkey digital service center software, which provides a broad range of digital budgetary, administrative and commercial services (B2B, e-commerce, government to business and enterprise business services) on a single platform known as the BizWorldPro©.
Secure Blue, Inc. provides a robust economical Sarbanes-Oxley (SOX) compliance and security software suite, Secure Blue SOX Pro. It is targeted at small- and mid-cap public companies as well as private companies requiring SOX compliance to enable them to continue working with public companies.
As software providers, system integrators and Application Service Providers, IBS Group, Inc. and Secure Blue, Inc. generate revenue from license sales, system modifications, systems support and a percentage of monthly customer fees. The typical IBS Group/Secure Blue license agreement has a five-year term which is updated on an annual basis.
IBS Development, Inc. will provide ongoing support of International's other subsidiaries, IBS Group and Secure Blue. The company provides development, system support and secure data storage, and will maintain offices in the US and India, where its current offshore development and support team is located.
A-Division IT establishes IT projects for various countries around the world and for multinational corporations around the world. A-Division has already introduced and continues to provide demonstrations of the system on a national scale. For multinational corporations, the projects are recognized off set program qualified and provide a required contractual obligation of these corporations. A-Division IT is an offset provider to BAE Systems and maintains relationships with various other multinational corporations. A-Division maintains offices in the United Kingdom.
Contacts
IBSG INTERNATIONAL, INC.
321-939-6321
Michael Porter,
President,
PORTER, LEVAY & ROSE, INC.,
212-564-4700
