SEC Conducts Informal Inquiry Regarding IBZT
PR Newswire - June 23, 2004 15:30

PHOENIX, Jun 23, 2004 /PRNewswire-FirstCall via COMTEX/ -- iBIZ Technology Corp. (OTC Bulletin Board: IBZT), an innovative manufacturer and distributor of accessories for personal digital assistants (PDAs) and other handheld devices, advised that the Securities and Exchange Commission ("SEC") is conducting an informal inquiry. The SEC has asked IBZT to voluntarily produce documents pursuant to a written request. In addition, the SEC has spoken, and requested to speak, with certain officers of IBZT on an informal basis.

Further, the SEC has indicated that this inquiry should neither be construed as an indication that the Commission or its staff believes any violation of law has occurred, nor should IBZT consider it an adverse reflection upon any person, entity, or security. IBZT intends to cooperate and assist in the SEC's inquiry as well as keep our shareholders informed.

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 that are available through major retailers. For more information on iBIZ products and services, please visit www.ibizcorp.com or call 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, both 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.

With that said...It's been an ok year so far, but I took an acid bath from IBZT.