IIBEX ANNOUNCES SKYVENTURE INTERNATIONAL, INC. AGREEMENT

IIBEX Ltd. headquartered in Houston, Texas announced at the first of the year that they have executed an Agreement in Principle with Windward Enterprises, Inc. to partner in the formation of SkyVenture International, Inc. (SVI). The purpose of the new company is to introduce virtual skydiving to the general public as a retail entertainment adventure venue.

Skydiving as a competitive individual and team sport has exploded over the last decade in the United States. International skydiving teams and competitive events exist on every continent. SkyVenture has the ability to provide a climate-controlled environment in which training can occur at a fraction of the cost of the traditional methods of training.

“Even more explosive is the market of family entertainment,” said Philip Crawford, IIBEX President. “It’s safe and it doesn’t matter if you’re afraid of heights,” Crawford laughed. Because it is such an internationally focused sport, the IIBEX approach of accessing cross border public venture capital is a good partnership.

IIBEX is a cross border public venture capital company specializing in originating, executing, and supporting entrepreneurial, cross border, capital markets transactions. IIBEX’s solutions provide the architecture, infrastructure, and services to easily customize the proprietary approach to acquire financing for second and third stage venture companies in need of expansion capital.

IIBEX and SkyVenture are currently identifying and examining prospective markets, both national and international for future locations.

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ON BEHALF OF THE BOARD
“Philip C. Crawford”
Philip C. Crawford, President
For additional information, contact Ms. Judith C. McFarland, Vice President
Tel: (281) -773-0542
Web site: www.iibex.com
E-mail: jmcfarland@iibex.com