iBIZ Technology Corp. Reports Second Quarter Financial Results

Quarterly Sales Reach Two Year High

Thursday , May 13, 2004 10:15 ET

PHOENIX, May 13, 2004 /PRNewswire-FirstCall via COMTEX/ -- iBIZ Technology Corp. (OTC Bulletin Board: IBZT) announced today financial results for the second quarter ended March 31, 2004. The Company reported sales revenue of $434,000 for the quarter.

"Our second quarter product shipments surpassed the combined revenue of our last two fiscal years," said Ken Schilling, President and Chief Executive Officer. "In February, March, and April we broke two year records in product shipments and sales volumes. Sales continue to remain strong as a result of the attention the company has garnered through the introduction of our new products. More importantly, iBIZ is well positioned to experience continued growth as we begin to fill the back log of orders we have for our exciting new products and as we begin to introduce new innovations."

"We believe we are on the verge of receiving FCC and Laser certifications, which will allow us dramatically increase revenue and expand relationships with major retailers," commented Mark Perkins, Executive Vice President. "Once this occurs, we believe that many new retailers will want the Virtual Keyboard. In addition, future revenue growth will occur from our higher margin, web-based sales, which have already contributed to sales increase we are seeing. If overall market acceptance is any indication, the line-up of products we plan to release throughout the year clearly has the potential to allow us an exponential increase in sales volume."

About iBIZ Technology

iBIZ is a leading manufacturer and distributor of accessories for personal digital assistant (PDA) and hand-held devices. iBIZ is recognized for innovative, high-quality, competitively priced products available through major retailers. For more information on iBIZ products and services, go to www.ibizcorp.com, email sales@ibizcorp.com, or call to 1-800 234-0707.

For further information, please contact: Media, Belinda Banks of S&S Public Relations, +1-718-320-4898, Belinda@sspr.com, or Investor Relations, Ed Lewis of CEOcast +1-212-732-4300.

"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: Media, Belinda Banks of S&S Public Relations, +1-718-320-4898,
Belinda@sspr.com, or Investor Relations, Ed Lewis of CEOcast +1-212-732-4300,
both for iBIZ Technology Corp.

URL: http://www.ibizcorp.com http://www.prnewswire.com

Copyright (C) 2004 PR Newswire. All rights reserved.

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KEYWORD: Arizona
INDUSTRY KEYWORD: CPR
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SUBJECT CODE: ERN
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STOCK SYMBOLS: [(ibzt)]

Public Companies Associated with this story:
IBIZ TECHNOLOGY CORP (OTCBB: IBZT)

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Earnings Release

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wish i had more funds..this will fly now

Used to be trading in between .03 and .04 most of the time. Has a good chance of going back there.