FOR IMMEDIATE RELEASE

August, 2003

IIBEX COMPLETES THE ORGANIZATION PLAN AND MANAGEMENT TEAM ASSEMBLY

IIBEX Ltd. a Bermuda firm headquartered in Houston, Texas announces that is has completed its initial organization plan and primary management team assembly. Cliff McFarland, IIBEX Chairman and Co-Founder has en extensive background in investment and merchant banking, as well as a thorough knowledge of the franchise industry. Philip Crawford, brings 36 years of experience in both private and publicly held technology-based companies, a number of which were cross border publicly financed companies

“In addition to our leadership team here in Houston,” states IIBEX Chairman, Cliff McFarland, “we are reaching globally to establish alliances and partnerships with other firms that understand, like IIBEX, that solutions are needed, not more barriers.”

Domestic and international alliance partners must share the same enthusiasm that the IIBEX founders and display a passion for continued development of venture stage companies. Early stage investment opportunities for the investors have diminished in the last decades of the twentieth century. IIBEX recognizes that many of today’s successful companies did not start out with a single infusion or contribution of investment capital. The well timed incremental rounds of financing allows companies to better plan, management, and project growth.

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. 

Through select appointments IIBEX will continue to build its leadership team, advisory board, and board of directors.

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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

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