SOURCE: International Broadcasting Corporation

May 15, 2007 09:00 ET

International Broadcasting Corp. Closes on Acquisition of Stock Information Systems

SPOKANE, WA -- (MARKET WIRE) -- May 15, 2007 -- International Broadcasting Corp. (PINKSHEETS: IBCS) announced it has closed on its previously disclosed plans to acquire Stock Information Systems Inc. (SIS) a Midvale, Utah-based corporation. SIS specializes in providing information about publicly traded companies on the OTC and provides CEO's of public companies with an easy-to-use IR platform. SIS will operate as a wholly owned subsidiary.

Commenting on the acquisition, Darrell Nether, CEO of IBC, said, "I am excited to finally announce the closing of this synergistic acquisition. Together IBC and SIS can focus on delivering our complimentary services to the micro-cap community."

Ted Phillips President of SIS stated, "We are clearly delighted to be working shoulder-to-shoulder with the folks at IBC to better serve the OTC market. There are plans for both operations to meet later this month where we'll get an opportunity to mesh our operations together. Additional information will be released via company press releases and/or Live interviews which can be heard at IBC's website, www.StocktalkLIVE.net. We will work together to develop an exciting new corporate identity for IBC which will reflect the acquisition of SIS.

About IBCS: A Broadcaster and Holding Company

International Broadcasting Corp. owns and operates "Stock Talk LIVE," a fully interactive 7-hour long business radio talk show focused exclusively on small-cap stocks priced below $5. Since 2002, the show has been "on-the-air" each and every stock market day. Every show covers a wide spectrum of stocks, interesting and knowledgeable callers, and significant trading opportunities for both long and short-term perspectives. International Broadcasting is also a holding company, holding stock positions in many other young, progressive companies. For more information about International Broadcasting Corporation, please visit our main corporate website at www.IBCmedia.com.

Statements in this press release other than statements of historical fact are "forward-looking statements." Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. The disclaimer for sponsors is located at http://ibcnn.com/disclaimer.htm.

Contact Information

  • Contact:
    International Broadcasting Corporation
    Darrell Nether
    509.466.3413
    Email Contact