IIBEX ACQUIRES PROPRIETARY SOFTWARE

IIBEX Ltd. (IIBEX) wholly owned subsidiary TXTHC, Inc. (TXTHC) is pleased to announce that it has reached agreement with PCCo, LLC (PCCo), a Houston based company, to acquire ownership of the proprietary EPIC-Performance Support and Management System™ (known as “OPS”).

Under the terms of the agreement, TXTHC will pay PCCo US$375,000 at closing as an advance royalty and a base 10% royalty on all OPS product sales for five (5) years up to a maximum of US$20 million.

TXTHC is an early stage company organized around the acquisition of synergistic technology and companies in the eLearning and enterprise performance optimization space. The OPS was developed over the last five years with in excess of over 65,000 man hours of R&D. A pay as you use business model will be used to market and support the internet based integrated products, systems, and services. In addition, several advanced NASA technologies will be used that are proven in the mission critical NASA Mission Control Center.

The TXTHC strategy is to acquire established service companies and intends to use the OPS products to support the operations of these acquisitions, as well as to market and sell the OPS products to additional global markets.

“It is also the intention of TXTHC,” stated Philip Crawford, President of IIBEX, “to provide capital for the continued development and exploitation of the OPS products and the qualified opportunities transferred in this transaction.” Also, each TXTHC company acquisition has the potential to create one or more product implementations, with additional target customers in new vertical markets. We believe this is a viable approach to customizing OPS to replace a current vertical solution to be marketed to a discrete vertical market. OPS is a performance engine that can be easily configured to provide performance support and management for virtually any business function, where it be enterprise wide or project based.

The OPS software team will transfer to TXTHC to ensure continuous support and development of the products. The OPS alliances will be integrated into the TXTHC plans. It is expected that the OPS business development efforts, advisory boards, and international agent network will be incorporated into the TXTHC plan in a manner to be determined before closing.

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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