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 Plugmeister.com, for an
all stock deal.
Plugmeister.com 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 Plugmeister.com to find talent, while venues use Plugmeister.com to promote
shows or special events or products.
"Plugmeister.com could be the next Facebook.com and MySpace.com with an
itunes.com meets Youtube.com infrastructure," stated Eric Schmidt, CEO of iB3
Networks, Inc., and who further adds, "The real uniqueness of Plugmeister.com
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 Plugmeister.com 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 MadisonAvenueMatch.com, 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 www.iB3Networks.com
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
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