CANAL WINCHESTER, Ohio, Dec. 17 /PRNewswire-FirstCall/ -- iB3 Networks, Inc. 
(OTC Bulletin Board: IBNW - News) announced today that it has signed a Letter 
of Intent to purchase MGV Communications, the owner of, for an 
all stock deal. is a new niche online social networking community affording 
musicians, artists, directors, and writers the opportunity to upload their 
products for sale with sample media for all to hear or see. Members get to 
network, promote, and discuss artistic opportunities. Industry professionals 
use to find talent, while venues use to promote 
shows or special events or products.

" could be the next and with an meets infrastructure," stated Eric Schmidt, CEO of iB3 
Networks, Inc., and who further adds, "The real uniqueness of 
affords artists the opportunity to self promote their talents to the 
entertainment industry virtually face to face. It's the site where upcoming 
directors can upload their movies or trailers, musicians their music, artists 
or photographers their images, writers their literary works or scripts and 
comedians their stand-up routines. Whatever type of entertainer it may be, they 
can upload their works to and be in business for themselves. 
This is the next generation of self promotion and we are plugged in."

About iB3 Networks, Inc. (OTCBB: IBNW - News)

iB3 Networks, Inc. (OTCBB: IBNW - News) and its wholly owned subsidiaries iBeam 
Solutions and, is a Microsoft Gold Certified Partner 
with a proven track record of delivering scalable hosting solutions, managed 
hosting, dedicated hosting and Co-location, world-class IT infrastructure, 100% 
uptime SLA and 24x7x365 First Call Support, virtual help desk, managed 
services, design and implementation of networks, security and Internet 
monitoring, technical support, web development, application development, 
database development and support, wireless solutions, Internet businesses, 
creators of online social environments, and Cisco Certified Select Partner.

For more information please visit their web site at

Safe Harbor: This release includes forward-looking statements within the 
meaning of Section 27A of the Securities Act of 1933 and Section 27E of the 
Securities Act of 1934. Statements contained in this release that are not 
historical facts may be deemed to be forward-looking statements. Investors are 
cautioned that forward-looking statements are inherently uncertain. Actual 
performance and results may differ materially from that projected or suggested 
herein due to certain risks and uncertainties including, without limitation, 
ability to obtain financing and regulatory and shareholder approval for 
anticipated actions


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