FOR IMMEDIATE RELEASE

September, 2003

IIBEX INTRODUCES MERCHANT BANKING PARTNER PROGRAM

IIBEX Ltd. a Bermuda firm headquartered in Houston, Texas announces that its Board of Directors has authorized its executive leadership team to proceed with the design, organization, and development of the IIBEX Merchant Banking Partner Program (IMBP). The IMBP program is a proprietary initiative, the purpose of which is to identify and match entrepreneurial-minded investors with selected IIBEX company partners.

IIBEX recognizes that a crisis of confidence has existed in the venture capital markets for the past several years. Through broad based interviews with the individual and institutional investor community, IIBEX has determined that a trend by investors to once again seek venture stage risk and returns.

“After twelve consecutive quarters of declining portfolio value, investors are at last beginning to enjoy the positive experience of improving net worth.” explains Cliff McFarland, IIBEX Chairman. “The result of these consecutive monthly gains in the equity markets is beginning to fuel investors’ appetite for uncovering the next big undercapitalized venture sector.”

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.
In the near future, IIBEX expects to select and announce a director to coordinate and manage the IMBP Program.

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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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