iBIZ Issues Corporate Update

iBIZ Issues Corporate Update

PHOENIX, Jan. 25 /PRNewswire-FirstCall/ -- iBIZ Technology Corp. (BULLETIN BOARD: IBZT) , an innovative manufacturer and distributor of accessories for personal digital assistants (PDAs) and other handheld devices, issues a corporate update.

"The last twelve months has presented new obstacles and challenges," commented Ken Schilling, iBIZ President and CEO. "We are diligently working to overcome these issues and are in the process of restructuring iBIZ in an effort to reposition the company for profitability. iBIZ is exploring options to create growth in revenue this year, which has been and continues to remain our number one priority. As part of our plan, thus far we have successfully implemented various positive changes resulting in the elimination of all of our outstanding convertible debt and in the reduction of the company's overhead by laying-off all non-essential personnel, delaying officer's salaries, and temporarily delaying all cost intensive projects which include, The Bluedock by Synosphere and the virtual keyboard by VDI."

Mr. Schilling continued, "Anticipated changes shall encompass our board of directors, our executive team, as well as our sales and marketing initiatives. To date, we have doubled our product offering, created a new partner program for resellers, we have changed our website for easier navigation and have revised our pricing structure for our partners. Our staff is highly focused on revenue oriented growth and we look forward to the changes that will take place in the coming months. We are enthusiastic about our strategic growth plans and further announcements shall be released as they become available."

About iBIZ Technology Corp.:

iBIZ Technology Corp. is a leading manufacturer and distributor of accessories for personal digital assistant (PDA) and other handheld devices. iBIZ is recognized for innovative, high-quality, competitively priced products. For more information on iBIZ products and services, please visit www.ibizcorp.com.

For further information, please contact: Investor Relations, Ed Lewis of CEOcast +1-212-732-4300, for iBIZ Technology Corp.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward- looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those, set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.


Source: iBIZ Technology Corp.

CONTACT: Investor Relations, Ed Lewis of CEOcast, +1-212-732-4300, for
iBIZ Technology Corp.

Web site: http://www.ibizcorp.com/


-------
Profile: intent