SOURCE: Banx and Green Group

May 12, 2008 12:37 ET

Banx and Green Issues Update

ORLANDO, FL--(Marketwire - May 12, 2008) - Banx and Green Group has issued an update to all shareholders on its current progress.

Steve Lane, who recently resigned from the Board of Directors of ISBL, has been appointed CEO and will serve on the Board of the Directors of Banx and Green Group Inc. Mr. Lane will also continue with his work with LGN Entertainment.

The company announced that the audits should be complete soon. Once completed the company will file their 15c211 and a registration statement once approved Banx and Green will begin trading and all ISBL shareholders will receive their free trading stock.

Banx and Green also wants to make it very clear that the situation with ISE BLU EQUITY CORP has no bearing and nothing to do with Banx and Green. Banx and Green Group Inc. is a separate company and the only connection is an option to acquire the assets of ISBL. The company has made no decision with regard to that matter.

Banx and Green Group is working on additional acquisitions and also on securing funding via the registration statement.

The company is also holding interviews for Senior Management positions and additional Board Members.

"I am excited about the movement at Banx and Green. The auditors are moving forward nicely and our council is ready to complete the necessary paperwork for the 15c 211 and registration. My hope is to up and trading in the next 60 days," stated Steve Lane, Chairman & CEO of Banx and Green Group.

The company is moving the main office to Orlando and all the details will be filed with the state of Nevada and regulatory agencies.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.

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