IBSG International CEO Briefs Invitation-Only US Department of State Department of Commerce African Growth and Opportunity Act F
July 30 2008 - 9:30AM
Business Wire
IBSG International, Inc. (�IBSGI�) (OTC BB: IBIN), developer and
marketer of BizWorld Pro�, a comprehensive, Internet-based Commerce
Platform that operates as a digital service centre for any
government ministry-department, announced today its CEO, Dr.
Michael Rivers, recently spoke at The African Growth and
Opportunity Act (AGOA) Forum in Washington, DC. The invitation-only
event was organized by the US Department of Commerce in conjunction
with the US Department of State. Africa is considered by many
financial experts as the next major investment opportunity in the
world. Dr. Rivers stated, �Africa has been aggressively growing
economically at more than double the pace of any other region in
the world.� Dr. Rivers continued, �More than three years ago, we
recognized the potential of the African economy and began
aggressively marketing our BizWorld Pro software platform to
various countries in Africa. Today, we have become an established
solutions provider to five African nations and are in late-stage
discussions with a number of additional African countries to deploy
BizWorld Pro. One of the primary goals for most of these African
nations is to provide an efficient and cost effective Internet
commerce solution for their Small to Mid-size Enterprises, the
single fastest growing commerce sector. Our BizWorld Pro platform
is doing just that. Subsequent to my remarks at the AGOA Forum, I
was approached by representatives from seven countries to discuss
our existing African projects and how they might implement similar
projects in their nations.� AGOA is a progressive US trade and
investment policy toward Africa that is reducing barriers to trade,
increasing diversified exports, creating jobs and expanding
opportunities for Africans. As a whole, Africa is growing at a rate
of between 6-7% per annum and, the economies of Africa in aggregate
currently have the 6th largest Gross Domestic Product in the world.
Within the next 18 months, the continent�s aggregate GDP is
projected to surpass Germany�s, the 5th largest in the world.
According to a US Treasury spokesperson, in the past seven years,
private capital flows to sub-Saharan Africa have increased by about
five fold, totalling over $50 billion in 2007. China, the focus of
international investments over the last couple of years, is one of
the largest investors in the region. IBSGI has had an active
presence in Africa since 2005, and to date, has sold master
licenses and satellite licenses of its BizWorld Pro software
platform to a number of government agencies and ministries and
business associations in Africa, including the Department of Trade
and Industry (�DTI�) in South Africa; 53 Seda (small-mid size
development offices); three major public/private organizations with
focuses ranging from support of mining industry vendors to
empowering women-owned businesses; the Ministry of Trade and
Industry in Kenya; as well as, three other African countries
through an agreement with the World Bank. Moreover, IBSGI recently
announced the South African DTI would double the estimated number
of businesses that utilize BizWorld Pro for all digital business
tools, from the original 250,000 estimate to 500,000. The project
will also be expanded to use the platform for all procurement via
the RFP (tender) and bid functions of the platform for all DTI
vendors, regardless of size. Additionally, BizWorld Pro will
provide the initial self assessment functions for businesses
seeking to secure a Black Empowerment Enterprise (BEE) score, a
program tailored to foster the growth of black businesses in South
Africa. About IBSG International, Inc.: (www.ibsgi.com) IBSG
International, Inc. (http://www.ibsgi.com/), through its
wholly-owned subsidiaries, is the developer and marketer of
BizWorld Pro�, a unique turnkey digital service center software,
that 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. IBSG
licenses BizWorld Pro� primarily to international government
agencies and ministries, State governments within the United
States, as well as business associations, who typically both
utilize the platform internally and make the platform available on
a subscription basis to small-to-medium size enterprise businesses
within their jurisdiction. For more information about the Company,
please visit us on the web at www.ibsgi.com or call 321-939-6321.
Safe Harbor Forward-Looking Statements Except for historical
information contained herein, the statements in this release are
forward-looking statements that are made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995. The above information does not guarantee any successful
closing of new business. No assurances can be given that any
projections related to gross revenues or profit margins will be
realized. Forward-looking statements involve known and unknown
risks and uncertainties that may cause the companies� actual
results in future periods to differ materially from forecasted
results. Such risks and uncertainties include, but are not limited
to, market conditions, competitive factors, the ability to
successfully complete additional financings and other risks.
IBSG (CE) (USOTC:IBIN)
Historical Stock Chart
From Oct 2024 to Nov 2024
IBSG (CE) (USOTC:IBIN)
Historical Stock Chart
From Nov 2023 to Nov 2024