News Alert

IBXG Group, Inc. (OTCBB: IBXG)

6 Month Target Price: $.38

Shares Outstanding40.0 million    
Approx. Float7.8 million   
6 Month Price Proj.$.38   

A Few Reasons to Own IBXG:
1.IBXG is an emerging growth company in the trillion-dollar healthcare industry.
2.IBXG is coming off its fourth quarter in a row of increasing revenues and its second consecutive profitable quarter. IBXG experienced a 50% gain in third quarter revenue.
3.IBXG estimated EPS for all of 2002 is estimated to be $.01 per share.
4.IBXG is currently cash flow positive. IBXG is making acquisitions and expanding its infrastructure while vigorously pursuing the Marketing Plan.
5.IBXG is a results-oriented company with three integrated divisions – Healthcare Transaction Services, Physical Therapy & Occupational Medicine, and Technology/Information Services.
6.IBXG has established a strong market niche in the area of Healthcare Transaction Services.
7.IBXG recently began managing its largest receivables management project ever totaling $39 million from Intracoastal Health Systems, Inc. of West Palm Beach, Florida.
8.IBXG has implemented a clear-cut strategic plan to expand its capabilities in the area of Physical Therapy and Occupational Medicine
9.IBXG has developed and recently commenced marketing an innovative web-based inventory management application for the $1.5 billion durable medical equipment (DME) industry.
10.BXG has developed and deployed a proprietary online consumer medical records service throughout the U.S. The technology is being utilized by several affinity groups, including one of the largest credit card companies in the world.
11.IBXG’s internal compliance program has been certified as meeting all current requirements of the Federal Health Insurance Portability and Accountability Act (HIPAA).

Update
Huge News for IBXG!!! What's significant about this contract is whom they made the deal with. As quoted in the press release (read below) "We're especially proud to be working for one of the largest retailers in the world through our agreement with Integrated Administrators."

From the rumor mill this large retailer we believe is located in Arkansas. Do we need to say any more?

For IBXG, an emerging growth company to be making profitable deals with the big boys, in our opinion is a major accomplishment.

This agreement should give IBXG a tremendous amount of credibility in negotiating future contracts.

As always one never knows when these announcements will pop up.

Press Release

IBX GROUP SUBSIDIARY INCREASES REVENUE ESTIMATES TO $1.2 MILLION ANNUALLY BY SECURING TWO NEW VENDOR CONTRACTS; FLORIDA HEALTHSOURCE NAMED PREFERRED THERAPY VENDOR FOR MAJOR U.S. RETAILER

DEERFIELD BEACH, Fla., December 11, 2002 - iBX Group, Inc.(otcbb:IBXG), a publicly-held Florida corporation, announced today that its wholly owned subsidiary, Florida HealthSource, has entered into two new vendor agreements, including a contract that establishes the company as a preferred physical and occupational therapy vendor for a major U.S. retailer.

Florida HealthSource has been established as the preferred provider network for more than 100,000 employees throughout the state of Florida.

"New vendor agreements like these will have an immediate and significant impact on Florida HealthSource's earnings," said Evan R. Brovenick, president and CEO of iBX Group. "With these two new contracts in place, estimated revenues for Florida HealthSource should reach $1.2 million for 2003.

"We're thrilled about ending the year with the new contracts. We're especially proud to be working for one of the largest retailers in the world through our agreement with Integrated Administrators," said Mark Taylor Florida HealthSource managing director. "These contracts clearly acknowledge Florida HealthSource as a state-wide leader in pain management, physical and occupational therapy and functional capacity evaluations (FCE). We look forward to working closely with Integrated Administrators and providing care to its clients' employees."

iBX's Florida HealthSource is a leader in providing comprehensive health care services in the areas of chronic pain and job-related injuries to meet the needs of Florida's employers and payers throughout the state. The company's mission is to reduce lost time and medical and indemnity costs by combining board certified pain management physicians, physical and occupational therapists, transportation and translation services throughout the state.

In a related matter, Florida HealthSource will soon open a new facility in a prominent downtown medical building in Boca Raton, Florida with plans to operate a full-service "multi-disciplinary" clinic designed to offer Physical Therapy, Occupational Medicine, Pain Management and Chiropractic Care.

The new clinic is part of the company's strategic plan to expand its capabilities in the area of Physical and Occupational Medicine by creating an "owner/manager" model for operating multiple centers and referral networks throughout the state of Florida. Such centers would showcase the wide range of technology and information services offered by iBX.

Based in Deerfield Beach, Florida, iBX Group Inc. (www.ibxg.com) develops and deploys innovative, cost-effective methods for integrating financial, administrative and information services for the healthcare industry. iBX is a results-oriented company, consisting of three divisions - Healthcare Transaction Management, Physical Therapy and Rehabilitation, and Technology and Information Services. By creating and utilizing the latest technologies, Internet-based communications and hands-on expertise, iBX strives to meet the needs of hospitals, single and multi-specialty physician group practices and healthcare service organizations seeking to achieve the maximum financial benefit of their accounts receivables by controlling workflow, consolidating administrative functions and addressing compliance issues.

This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. This release contains certain "forward-looking statements and information" (as defined in the Private Securities Litigation Reform Act of 1995) concerning iBX Group, Inc. that are based on the beliefs of iBX Group, Inc.'s management, as well as assumptions made by and information currently available to iBX Group, Inc. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in iBX's filings with the Securities and Exchange Commission.


Valuation

A penny stock with multi-dollar potential: trading today for about 10 cents per share, but in our opinion, has long-term potential for huge gains. IBXG may be one of next year's BIG surprises, making its current status as an undiscovered stock a rare timing opportunity for investors. Don't overlook this one! We not only consider IBXG an attractive "Emerging Growth Company," in our opinion, but also a "Value Stock" in view of its revenues and earnings. We believe that IBXG has targeted a creative niche in a hot sector.

Relative to comparative companies within the Healthcare sector, IBXG could realize superior growth in business and earnings over the near-to-intermediate term period. A grouping of comparable companies within this sector currently trades at an average price to revenues multiple of 4.79 X. For 2002 it estimated that IBXG should generate revenues in excess of 3 million dollars, and for 2003 significantly higher and continue to be profitable. Thus, when applying the comparative grouping’s price to revenue multiples to IBXG we can arrive at a relative valuation of $.38 per share over the next 6 months.


Conclusion

"Patients want to do more of their medical management from home, doctors want to provide care quickly and efficiently, and hospitals and HMO’s want to keep costs down," says Jim Gabler, a research director for GartnerGroup’s Healthcare Industry Research and Advisory Services in Stamford, Conn. "All of this relates to technology, and it’s up to CIO’s to find a better way. People say healthcare revolves around doctors and patient care. Well in the months and years to come, the industry will revolve around technology and the CIO."

Given this climate in healthcare today, in our opinion, IBXG is an undervalued opportunity. IBXG is perfectly positioned to meet the needs of their target market with a strong commitment to their suite of services.

Aggressive investors looking for above-average return potential on a portion of their investment capital should give IBXG a serious look.


******* Important Notice and Disclaimer: Please Read *******

Investor Insights, and affiliates (II), publishes reports providing information on selected companies that II believes has investment potential. II is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. II accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment in IBXG is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. An affiliate of II has been compensated fifteen thousand dollars by the company, and additionally received 2 million warrants exercisable into free trading shares of common stock of IBXG at ten cents per share by a third party for the publication and circulation of this report. II intends to sell all or a portion of the of the IBXG stock at or about the time of publication of this report. Subsequently II may buy or sell shares of IBXG stock in the open market. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, see the SEC filings of IBXG including the company's most recent annual and quarterly reports.


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