SOURCE: Island Breeze International, Inc.

Island Breeze International, Inc.

January 27, 2010 09:00 ET

Island Breeze International, Inc. Enters Into Equity Financing Agreement

MIAMI, FL--(Marketwire - January 27, 2010) - Island Breeze International, Inc. (OTCBB: IBII), an entertainment cruise development company, announced that it has entered into an equity financing agreement with Auctus Private Equity Fund, LLC, a Boston based private equity fund focused on providing financing to middle market public companies.

Under the terms of the agreement, Auctus has committed to purchase up to $10 million of the Company's Class A common stock over a three year period. Although the Company is not obligated to draw on the equity financing facility, this agreement gives the Company the option to sell Auctus its Class A Common Shares at a per share purchase price at a 5% discount to the market price with certain provisions which may limit subsequent sales of the shares by Auctus depending on market conditions. The financing agreement is subject to the effectiveness of a registration statement being declared effective by the Securities and Exchange Commission with respect to the shares acquired by Auctus.

Commenting on the equity financing agreement, Bradley T. Prader, the President and CEO of Island Breeze International, stated, "We are very pleased to welcome Auctus Private Equity Fund as a long term strategic financial partner. This facility will provide the Company with financial flexibility as we move forward in executing our East Asian plans and begin to launch the Company's investor relations program."

For more specific information please refer to the Current Report on Form 8-K filed with the Securities and Exchange Commission on January 27, 2010.

ABOUT ISLAND BREEZE INTERNATIONAL, INC.

Island Breeze International, Inc. (OTCBB: IBII) is focused on developing and operating entertainment cruise projects. Island Breeze International is currently evaluating port locations in East Asia and the United States for the establishment of its initial operations. Island Breeze International currently owns two cruise vessels, the m/v Casino Royale and the m/v Island Breeze. The m/v Casino Royale is 132 meters (430 feet) in length, while the m/v Island Breeze is (126 meters) 410 feet in length. Each vessel is anticipated to have a capacity of approximately 1,200 passengers and will offer the Company's patrons a full entertainment experience. Upon completion of the intended renovations, the shipboard entertainment venues on the m/v Casino Royale will include a 100 seat full service gourmet restaurant, a 300 seat buffet restaurant, a casino, a sports bar, a VIP lounge, and a covered outdoor entertainment deck, while the m/v Island Breeze will offer a 100 seat full service gourmet restaurant, a 300 seat buffet restaurant, a casino, a sports bar, a high energy nightclub, a VIP lounge, and a 400 seat showroom. Both vessels are fitted with active retractable fin stabilization systems which are designed to provide additional passenger comfort in the event of adverse sea conditions. Island Breeze International's corporate website is www.IslandBreezeInternational.com.

FORWARD LOOKING STATEMENTS

The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

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