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IBAC Corporation is a publicly traded holding company trading under the symbol (IBCX.PK). The company operates through its subsidiaries within the restaurant, food service and hospitality industry.
NEW YORK--(BUSINESS WIRE)--July 15, 2005--IBAC Corporation (IBCX:PK) today announced that it has entered into preliminary discussions for another Airport Hotel & Restaurant property located in a major metropolitan city.
The company has determined that this potential acquisition (subject to all due diligence) would be a substantial addition to the company's portfolio/inventory of rooms. The property consists of 170 interior corridor rooms and a restaurant.
The company yesterday also received its site inspection (and surrounding areas) at their Memphis property from Denny's Restaurants regarding its pending application for a franchise at that location.
NEW YORK--(BUSINESS WIRE)--July 25, 2005--IBAC Corporation (IBCX:PK) today announced that it has formed two new wholly owned Tennessee subsidiaries to be used for the recently acquired Memphis Airport Hotel & Restaurant property.
The company for certain business, tax and liability purposes has formed two new Tennessee corporations; the respective subsidiaries are Memphis Airport Restaurant Group, Inc. & Memphis International Airport Hotel, Inc. The company will transfer title for the Memphis hotel (parcel 1) and the restaurant (parcel 2) to the new Tennessee corporations respectively from its Royal Arkansas Hotel & Suites subsidiary.
This action is being taken in preparation/anticipation of being awarded a Denny's franchise and other certain operational/managerial considerations.
NEW YORK, Aug 02, 2005 (BUSINESS WIRE) -- IBAC Corporation (IBCX.PK) today announced revenues for the month of July for The Sanibel Restaurant Group, Memphis Ramada Hotel and The Royal Arkansas Hotel & Suites of $380,316.64 combined. These revenue figures are compiled from internal company accounting/bookkeeping and are subject to audit by the company's independent accountants/auditors.
NEW YORK, Sep 07, 2005 (BUSINESS WIRE) -- IBAC Corporation (IBCX.PK) today announced revenues for the month of August for The Sanibel Restaurant Group, Memphis Ramada Hotel and The Royal Arkansas Hotel & Suites of $373,548.59 combined. These revenue figures are compiled from internal company accounting/bookkeeping and are subject to audit by the company's independent accountants/auditors.
PINE BLUFF, Ark.--(BUSINESS WIRE)--Oct. 3, 2005--Roy E. Adkins Jr. has been appointed Comptroller of IBAC Corporations Southern Hospitality Division, The Division consists of The Royal Arkansas Hotel & Suites, The Memphis Airport Hotel & Restaurant and National Hospitality Management Co. Mr. Adkins will be responsible for all financial management of the division.
NEW YORK, Oct 10, 2005 (BUSINESS WIRE) -- IBAC Corporation (IBCX.PK) today announced revenues for the month of September for The Sanibel Restaurant Group, Memphis Ramada Hotel and The Royal Arkansas Hotel & Suites of $640,737.89 combined. These revenue figures are compiled from internal company accounting/bookkeeping and are subject to audit by the company's independent accountants/auditors.
MEMPHIS, Tenn.--(BUSINESS WIRE)--Oct. 17, 2005--IBAC Corporation (IBCX:PK) today announced that it was officially awarded a Days Inn Worldwide franchise (A Cendent Hotel Group Company) for its Memphis Airport Hotel & Restaurant property. The conversion is expected to take place in mid to the end of November 2005.
NEW YORK, Nov 16, 2005 (BUSINESS WIRE) -- IBAC Corporation (IBCX.PK) today announced revenues for the month of October for The Sanibel Restaurant Group, Memphis Ramada Hotel and The Royal Arkansas Hotel & Suites of $487,585.32 combined. These revenue figures are compiled from internal company accounting/bookkeeping and are subject to audit by the company's independent accountants/auditors.
NEW YORK--(BUSINESS WIRE)--Dec. 6, 2005--IBAC Corporation (IBCX.PK) today announced revenues for the month of November for The Sanibel Restaurant Group, Memphis Ramada Hotel and The Royal Arkansas Hotel & Suites of $351,532.88 combined. These revenue figures are compiled from internal company accounting/bookkeeping and are subject to audit by the company's independent accountants/auditors.
MEMPHIS, Tenn.--(BUSINESS WIRE)--Dec. 7, 2005--IBAC Corporation (ICAN:PK) today announced an update to the hotel's change of franchise to a Day's Inn and the pending Denny's franchise application for the restaurant parcel.
The Company, after significant review of several Brand Franchises determined that Days Inn Worldwide would be a perfect fit for the Memphis property and has been approved for said franchise pending certain upgrades that are underway. At this time we expect these required upgrades to be completed shortly. The conversion to a Days Inn Brand brings a state of the art worldwide reservation system with the backing of its parent company Cendant thus bringing significant additional value to the property.
The Company has been unable to reach an agreement with Denny's for a franchise at its property and has elected to pursue a Country Kitchen franchise www.countrykitchenrestaurants.com. The Company has been preliminarily approved for said franchise and is working towards the completion of said deal. Copies of the pre approval letter can be viewed at the company's web site www.ibaccorp.com/message.php under presidents letter. The Company is committed to the opening of the restaurant at the property as it will add significant revenue to its Memphis property.
NEW YORK--(BUSINESS WIRE)--Jan. 3, 2006--IBAC Corporation (IBCX.PK) today announced revenues for the month of December for The Sanibel Restaurant Group, Memphis Ramada Hotel and The Royal Arkansas Hotel & Suites of $352,523.50 combined, total revenue for the year of $3,974,964.00. These revenue figures are compiled from internal company accounting/bookkeeping and are subject to audit by the company's independent accountants/auditors.
NEW YORK, Jan 11, 2006 (BUSINESS WIRE) -- IBAC Corporation (Pink Sheets: IBCX) today announced expansion into the Texas market. The company is in discussions on its first potential acquisition of which is a hotel property with over 200 rooms in the Dallas/Ft. Worth Metroplex area.
The company is also looking into certain other acquisitions in the Florida market specifically the Ft. Myers, Naples area to enhance its operations in the area that the company currently operates a high end steakhouse. The preferred acquisitions will be hotels with restaurants combined.
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 23, 2006-- IBAC Corporation (PINK SHEETS: IBCX) today announced that it's Memphis Airport Property (Formerly a Ramada Limited) will now be part of Cendant Corporation's Days Inn Hotel System as of Friday January 20, 2006 - 2 PM. The 128 Room limited service Hotel is now designated as a Days Hotel property, one of the few Day's Inn franchises in the United States to carry that designation. The Hotel is also now online with the Days Inn reservation system www.daysinn.com, With the property's pictures and other pertinent information to be added within the next week.
NEW YORK--(BUSINESS WIRE)--Jan. 30, 2006--IBAC Corporation (PINK SHEETS: IBCX - News) today announced that it has agreed to acquire Gibraltar Commercial Finance Corporation as a wholly owned subsidiary.
NEW YORK, Mar 02, 2006 (BUSINESS WIRE) -- IBAC Corporation (IBCX:PK) today announced that it has named Mr. Wayne Burmaster as its new President & COO.
NEW YORK--(BUSINESS WIRE)--March 6, 2006--IBAC Corporation (IBCX.PK) today announced revenues for the months of January & February 2006 for The Sanibel Restaurant Group, Memphis Days Inn Hotel and The Royal Arkansas Hotel & Suites of $585,690.35 combined. These revenue figures are compiled from internal company accounting/bookkeeping and are subject to audit by the company's independent accountants/auditors.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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Anyone with scottrade have thier ibac shares trading under the new symbol yet?
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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I have choicetrade and my shares show as IBCX, and I have much less than I did yesterday. Posts: 2741 | From: Seattle | Registered: Feb 2005
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I'm impressed so far. Be even more impressed if Scottrade had us up n running with the new name and shares.
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh Posts: 139 | From: All smiles child care | Registered: Aug 2005
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Hopefully everything will be good to go on Monday in my account. Just in time for the big crash!
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh Posts: 139 | From: All smiles child care | Registered: Aug 2005
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well my scottrade account is still not fixed. i'll be calling in the morning if its not fixed by then.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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Same here NomarKash...... Here is hoping for the best.
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh Posts: 139 | From: All smiles child care | Registered: Aug 2005
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Well NomarKash I called Scottrade and my broker said it normaly takes a few days. But they would try to get someone to work on it to hurry up the process...... LOL ummm ok
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh Posts: 139 | From: All smiles child care | Registered: Aug 2005
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IBAC Corporation's Board Approves an Additional Reduction of Its Authorized Common Shares and 15% Share Dividend Business Wire - March 13, 2006 08:46
NEW YORK, Mar 13, 2006 (BUSINESS WIRE) -- IBAC Corporation (IBCX:PK) announced Friday after the bell that it's Board of Directors has approved an additional reduction of its authorized common shares to 200 Million from 500 Million. The Board also approved a 15% stock dividend, with this action the Board believes it will further help bring the company's market capitalization in line with the true value of the company and allow greater opportunity for growth of the share price.
The company has not filed for any new regdex/504 and will not do so; the decision was made after long discussions with our advisors. We believe the action will enhance the value of the company and will help create a stronger balance sheet/audit when we apply to the OTCBB for listing.
The reduction in the authorized shares will take effect immediately with the appropriate filings being submitted to the Secretary of State of Delaware this week, the 15% stock dividend pay date will be announced by this Wednesday and appropriate paperwork immediately filed. This will leave the company with 200 million common shares authorized and with the 15% stock dividend 172,500,000 million common shares outstanding, the balance of 22,500,000 million common shares will remain in the company's treasury and will not be liquidated.
"We have decided to reward our shareholders with this 15% stock dividend for their loyalty and patience as we continue to bring the share valuation in line with the company's assets/revenues. The company last year also rewarded its loyal shareholders with 25% in stock dividends. We are continuing to strive towards maximum shareholder value and confidence in the direction of the company while we ready/prepare ourselves for listing on the OTCBB." said Wayne Burmaster, President & COO.
About IBAC Corporation:
IBAC Corporation is a New York-based holding company operating through its subsidiaries within the Hospitality, Food Service & Restaurant and other industries. IBAC now operates businesses as the majority owner with over 100 employees in Florida, Tennessee & Arkansas that includes a 200 room full service hotel, 127 room limited hotel, 4 restaurants/lounge 10,000 sf of banquet space and the exclusive concession, food, beverage & catering contract with the Pine Bluff Convention Center.
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i'll be happy with 15% more shares in my account (if ICAN ever converts to IBCX).
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh Posts: 139 | From: All smiles child care | Registered: Aug 2005
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I don't want to sound stupid, but my Waterhouse account hasn't updated my IBAC holdings yet. In order to get a proper read on my holding after the R/S, I divided my 7,000,000 shares by 80 to get 87500 and multiplied my average share cost of .0002575 by 80 to get .0206
Thanks, Tom
-------------------- You Can't Have Everything...Where Would You Put It? Posts: 61 | From: Baltimore, Maryland | Registered: Feb 2004
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but its ridding without most of us it seems wahhhhh lol
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh Posts: 139 | From: All smiles child care | Registered: Aug 2005
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Does anyone think that maybe we have have a chance to see IBCX getting to the OTCBB when the company turns in its 1/4 report by next month?
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh Posts: 139 | From: All smiles child care | Registered: Aug 2005
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Finally got my IBCX shares in my scottstrade account - how about you Mrs. Ruth?
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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Since I started trading pennies I have had some problems with Scottrade so have talked to the local office... they explained they are not really prepared to handle pennies due to software issues and since it doesn't cause major problems for customers there is no big rush to correct the problems.
I have noticed R/S name changes not taking until I called them explaining I wanted to sell my shares and bizarre maintenance calls that are always errors because I don't trade on margin.
I am going to check into another broker for pennies... I have heard choicetrade is good... any other recommendations?
Also, now it goes up after I sold what I had before the R/S Posts: 36 | Registered: Jul 2005
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Yep Mine are fixed also Nomar.. Let the run continue lol
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh Posts: 139 | From: All smiles child care | Registered: Aug 2005
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Humm seems to be very quite this morning here.... Hellloooo (echo...echo...) lol
-------------------- You can learn many things from children.......... How much patience you have, for instance. Wealth and children are the adornment of life. I have 5 children and 32 day care children now working on the wealth part. heheheh Posts: 139 | From: All smiles child care | Registered: Aug 2005
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