IFEX Seals Bahamas Film Studios Deal

IFEX Seals Bahamas Film Studios Deal

AMSTERDAM, The Netherlands, July 29/PRNewswire-FirstCall/ -- IFEX Innovation Finance & Equity Exchange NV (Frankfurt:IFQ1,
ISIN:NL0000210532) has helped to finance the Bahamas Film Studios where
Hollywood blockbusters Pirates of the Caribbean II and III are set to be
filmed.

The shareholders of Gold Rock Creek Enterprises - the company that owns
the Bahamas Film Studios Project - agreed Friday to transfer the activities
of GRCE into a company quoted on the NASDAQ OTC bulletin board.

IFEX provided consulting services and introductions to advisors and
brokers who will facilitate the reversal of the GRCE business into the US
public company. IFEX will receive a fee of US$ 1.5 million in stock in the
new company when it lists on the NASDAQ OTC in Q3, 2005.

IFEX NV (ISIN: NL0000210532) is a pan-European corporate finance
organisation that facilitates funding solutions for small and medium sized
enterprises. For further information please visit the IFEX website
www.ifexgroup.com .

Gold Rock Creek Enterprises is the developer of the Bahamas Film Studios
project on Grand Bahamas Island, at the site of a decommissioned US missile
base.

The Bahamas Film Studios complex looks set to turn the Bahamas into a
major production centre for motion pictures and television shows, while
Pirates of the Caribbean director Gore Verbinski has described its soon
to-be-completed water tank as the most state-of-the-art in the world.

Disney is scheduled to start filming the US$ 400m blockbuster "Pirates of
the Caribbean" parts II and III, starring Johnny Depp, at the studios later
this year.

The NASDAQ OTC listing will support the management's aim to establish
Bahamas Film Studios as the premier entertainment facility in the Caribbean
basin, with a music recording facility, resort hotel, casino and movie theme
park alongside the film and television production centre.

The full press release, complete with short video clips showing the
Bahamas Film Studios, is available on the IFEX homepage at www.ifexgroup.com.

Source: IFEX Innovation Finance & Equity Exchange NV

For further information contact: Chief Executive Officer, Niels Reijers, Tel: +44-870-114-96-98, Email: ir@ifexgroup.com, IFEX Innovation Finance & Equity Exchange NV, Keizersgracht 365-A, 1016 EJ Amsterdam, The Netherlands

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