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Vollständige Version anzeigen : INBG - 12.08 Million Increase in Value $$$$


Jochimedi
26.02.2009, 00:47
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International Building Technologies Group, Inc. Announces Preliminary Audited Figures for the Acquisition of Wuhan Wufeng Machinery Manufacturing Company and an Additional RMB 12.08 Million Increase in Value
ALAMEDA, Calif., Oct 14, 2008 (BUSINESS WIRE) -- International Building Technologies Group, Inc. (OTCBB:INBG) announced today that based on the current ongoing audit of Wuhan Wufeng Machinery Manufacturing Company ("Machinery Company"), preliminary audited figures show that the Machinery Company's assets are worth significantly more than anticipated and previously announced.

Based on preliminary audited figures provided by our Auditors, the Machinery Company's assets are worth approximately RMB 38,500,000 (approximately USD $5,636,000) compared to the original figure of RMB 26,420,000 (approximately USD $3,868,000) that is stated in the definitive agreement and previously announced. The increase of RMB 12,080,000 approximately represents a 46% increase in the value of the assets (approximately USD $1,768,000)

Additionally, current unaudited sales figures for the Machinery Company indicate that as of September 30, 2008, the Machinery Company has generated RMB 17,200,000 in sales (approximately USD $2,518,000).

The audit is progressing and is expected to be completed on or about November 30, 2008. All financial figures mentioned in this press release are subject to finalization by our PCAOB approved SEC auditor, Albert Wong & Company.

About International Building Technologies Group, Inc.

International Building Technologies Group, Inc. and its wholly owned subsidiary, International Building Technologies, Inc., are currently transforming the combined business into a worldwide manufacturer and developer of light panel technology to be used for residential and commercial businesses, primarily in regions that are at risk of earthquakes and hurricane-like winds. For more information, visit www.ibtgi.com.

This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

SOURCE: International Building Technologies Group, Inc.

CONTACT:

International Building Technologies Group, Inc. Patrick Donahoo, 702-688-9683 ir@ibtgi.com

Jochimedi
26.02.2009, 00:48
Allgemeine Informationen über den Potemzial und Performance - Chance - Ja, INBG erwacht - Im Vorwege GLTA - ALL IMO, Gruß Jochimedi


Welcome to the International Building Technologies Group board:

O/S - 677,651,865

Authorized Shares - 1,950,000,000

About International Building Technologies Group, Inc.

International Building Technologies Group, Inc. and its wholly owned subsidiary, International Building Technologies, Inc., is a manufacturer and developer of light panel technology to be used for residential and commercial businesses, primarily in regions that are at risk of earthquakes and hurricane-like winds. For more information visit
http://www.ibtgi.com/index.asp
About Ken Yeung-CEO:
<Kenneth Yeung
President/Director/CEO/CFO/Treasurer
International Building Technologies Group, Incorporated
Alameda , CA
Officer since March 2007

52 Years Old
Mr. Yeung is currently the Chief Executive Officer of ia&d Consultants, Inc., a Los Angeles based consulting firm engaged in planning, architectural design, engineering and business consulting. As the CEO of ia&d consultants, Inc., Mr. Yeung leads that company by developing business and providing services such as planning, architectural design and engineering to its clients worldwide and particularly in China. His company has completed numerous projects including commercial and residential developments, hotels and resorts, schools and recreational facility development. Currently, Mr. Yeung's company has offices in three major cities in China. Mr. Yeung received a Bachelor of Arts and Sciences from the University of Hawaii. From the mid-1990s, Mr. Yeung has held senior executive positions with companies engaged in civil engineering, building material manufacturing, planning, architecture and design.
Ken Yeung's Consulting firm:
http://internationaladc.com/

IBT TECHNOLOGY

A Pioneering Technology

The Components of the panel are simple, but effective:

A lightweight high tensile treated galvanized steel wire cage.
A core of expanded polystyrene
Connected and held in place by a logical series of treated galvanized trusses
A coat of Portland cement either gun or manually applied to both sides.
IBT panel technology complies to European and US standard ICBO–ER-3509.

Our panels have passed structural and fire tests as prescribed by building code authorities worldwide. Load tests include transverse, vertical compression, and racking shear load. Fire tests include corner room burn and fire exposure under load.

SUPERIOR STRENGTH & VALUE
ADVANTAGES
APPLICATIONS
BETTER ENVIRONMENT
Sep 27, 2007 9:30:00 AM

ALAMEDA, Calif., Sep 27, 2007 (BUSINESS WIRE) --

International Building Technologies Group, Inc. (OTCBB:INBG) has amended an existing contract to reduce cost on stock purchase by rescinding a $1,000,000 notes payable.

On May 2, 2007, International Building Technologies Group, Inc. entered into a Stock Sales and Purchase Agreement with Axia Group, Inc., for the sum of 20,000,000 restricted common shares in INBG and a $1,000,000 notes payable. INBG and Axia have renegotiated and agreed to amend the terms and conditions to rescind the $1,000,000 note from such Agreement.

"The amendment is mutually agreed, reflecting the interest of both parties and the adjustment is made in order to part fairness to this transaction. By amending the agreement the $1,000,000 debt is reduced from our balance sheet," stated Kenneth Yeung, President of INBG.


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BREAKING NEWS
_________________________________________________________________


International Building Technologies Group, Inc. Signed a MOU to Acquire a Machinery Manufacturing Co. With USD 3.9 Million Worth of Assets
Friday January 4, 9:30 am ET


ALAMEDA, Calif.--(BUSINESS WIRE)--International Building Technologies Group, Inc. (OTCBB:INBG - News) announced today that it has recently entered into a Memorandum of Understanding (MOU) to acquire a machinery manufacturing company in Wuhan, Hubei Province of China. The Hubei InteWufeng Machinery Co., Ltd. currently offers several lines of equipment, but its machining capabilities can be retooled to manufacture the panel production manufacturing systems that IBT will utilize in several planned projects in China and other countries.
ADVERTISEMENT


The signed MOU has specified the basic terms of a Final Agreement to acquire the machinery manufacturing company following due diligence and financial review by both companies. Financial information provided by the Hubei InteWufeng Machinery Co., Ltd. states the company currently has assets worth RMB 28.5 million (US Dollar 3.9 million approx.) and generated revenue of RMB 30 million (US Dollar 4.1 million approx.) in the year of 2007.

Stated Kenneth Yeung, CEO of International Building Technologies Group, Inc., “This potential acquisition would give IBT the ability to manufacture its proprietary equipments of panel production machinery. The Hubei InteWufeng Machinery Co., Ltd. currently has state of the art tool and machining systems, experienced engineers, design capabilities for new lines of equipment as well as strong service and after-sales support. Strategically, this acquisition would strongly support IBT’s ability to supply the market for building panels in China and throughout the world.”

The acquired company is located in Wuhan, Hubei Province of China. It is a machinery factory that manufactures equipment, production lines and heavy equipments for mineral refinery in China. It has been one of the key players in the same type of equipment manufacturing industries for the last decade. For further information of The Hubei InteWufeng Machinery Co., Ltd., please visit http://www.ytwf.com.

For more information on International Building Technologies Group, Inc. please visit www.ibtgi.com.

This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

Contact:
International Building Technologies Group, Inc.
Patrick Donahoo, 702-688-9683
ir@ibtgi.com

________________________________________________________________


CHANGE IN DIRECTORS

On April 13, 2007, the Company elected Mr. Kenneth Yeung to the Board of Directors who is also the President and major shareholder of the Company.

Effective on April 16, 2007, David W. Keaveney resigned from his positions as Chief Executive Officer, Chief Financial Officer and Director of the Company.

Effective on April 16, 2007, Rhonda Keaveney resigned from her positions as Chief Operating Officer, Secretary and Director of the Company.

On April 16, 2007 Mr. Kenneth Yeung was elected as the interim principal Executive and Financial Officer of the company.

On May 30, 2007, the Company elected Mr. Peter Chin to the Board of Directors and to the office of Corporate Secretary.

________________________________________________________________

Recent PRs:

May 19, 2008 - 9:27 AM EDT

International Building Technologies Group, Inc. Reports on the Impact of Earthquake and Development of Plan to Aid in Rebuilding Devastated Areas in China's Sichuan Province
In response to the earthquake which devastated the Sichuan Province of China last week, International Building Technologies Group, Inc. (OTCBB:INBG) has received numerous phone calls and emails from the concerned investment community with inquiries regarding the impact this disaster has on the Company. The Company has been working with local Chinese Investors to set up a panel production factory in the Sichuan Province. This plan has been presented to the Officer in charge at the Sichuan Construction Bureau, the Government authority entrusted with the region’s major redevelopment and construction projects. Currently, the Company is working diligently with local investors and Government authorities to expedite the process.

Stated Ken Yeung, CEO of INBG, “Throughout the past year, INBG has spent a lot of time in the Sichuan Province and has developed many business relationships in the region. We are very saddened by the devastation that the earthquake has caused throughout this area. The earthquake shattered many lives and destroyed hundreds of thousands of homes, businesses, factories, and public structures throughout the area, leaving millions of square meters of space that needs to be rebuilt in the next 3-5 years. The Company wants to do all it can to help the habitants in this region to rebuild their homes and communities.”

On April 17, 2008, the Company signed a definitive agreement to purchase a machinery company located in Wuhan, Hubei Province which is very distant from the Sichuan Province. The earthquake was felt at the machinery company, but no harm or damage was caused by the quake and the machinery company is operating under normal conditions. INBG is currently preparing for the audit process of the machinery company as scheduled in the definitive agreement.

“We are proceeding as fast as we can with the audit process of the machinery company in order to complete the acquisition. Once the acquisition is completed, the Company will retool the existing machinery to manufacture panel machineries and building panels to aid in the rebuilding efforts of this devastated region. Our Company is eager to assist in this effort and is positioning itself to be a valuable aide,” stated Ken Yeung. “We believe our technology is one of the finest, strongest, and most cost effective technologies anywhere. It’s easy to use, provide for flexible building plans and have been thoroughly tested and evaluated worldwide for its strength and durability.”

The Company is a worldwide manufacturer and developer of light panel technology used for residential and commercial businesses, primarily in regions that are at risk of earthquakes and hurricane-like winds. The technology is 30% more resistant when it comes to seismic movement compared to the traditional building material currently available in the building materials market. A similar technology in China has been nationally standardized as JC 623-1996 and the Company will produce the panel in accordance with such standards. For more information about the panel technology, please download the PowerPoint file by visiting our website at www.ibtgi.com.

About International Building Technologies Group, Inc.

International Building Technologies Group, Inc. and its wholly owned subsidiary, International Building Technologies, Inc., are currently transforming the combined business into a worldwide manufacturer and developer of light panel technology to be used for residential and commercial businesses, primarily in regions that are at risk of earthquakes and hurricane-like winds. For more information, visit www.ibtgi.com.

This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.


International Building Technologies Group, Inc.
Patrick Donahoo, 702-688-9683
ir@ibtgi.com

Source: Business Wire (May 19, 2008 - 9:27 AM EDT)


________________________________________________________________

April 30, 2008 - 9:07 AM EDT

International Building Technologies Group, Inc. Focuses on Manufacturing Panel Machineries and Building Panels Through Recent Acquisition of US $2.5 Million Machinery Company
International Building Technologies Group, Inc. (OTCBB:INBG), in efforts to focus on manufacturing panel machineries and building panels through the recent acquisition of Wuhan Wufeng Machinery Manufacturing Company (“Machinery Company”), has rescinded an existing Asset Sales Purchase Agreement (“ASAPA”) signed with Suining Yinfa Construction and Engineering Company, Ltd. (“Suining”) on July 8, 2007. Both Parties agree that the assets sold and purchased are performing below projected expectations and that the project’s transactions are not recorded as necessary to permit preparation of financial statements in conformity with U.S. generally accepted accounting principles.

INBG announced on April 17, 2008 that the Company signed a definitive agreement to acquire 92% of the Machinery Company which has net assets worth approximately US $2.5 million. The Machinery Company currently offers several lines of machineries and equipments which can be retooled to manufacture the panel production machineries that INBG endeavors to sell and utilize in several planned projects in China and other countries. An 8-K specifying all the terms and conditions of the acquisition was filed with the SEC on April 21, 2008.

“We are very excited to focus our time and resources on the recent acquisition of the Machinery Company. We have performed our responsibilities as stated in the Stock Purchase Agreement and are preparing for the audit process as required. We are very optimistic that this acquisition will bring profitability and shareholder value back to the Company and plan to continuously do so by seeking out additional assets that are beneficial to the Company’s focus of panel machineries and building panel manufacturing,” stated Kenneth Yeung, CEO of INBG.

An 8-K along with a copy of the executed Rescission Agreement specifying all the terms and conditions of the transaction has already been filed with the SEC.

About International Building Technologies Group, Inc.

International Building Technologies Group, Inc. and its wholly owned subsidiary, International Building Technologies, Inc., are currently transforming the combined business into a world wide manufacturer and developer of light panel technology to be used for residential and commercial businesses, primarily in regions that are at risk of earthquakes and hurricane-like winds. For more information visit www.ibtgi.com.

This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

International Building Technologies Group, Inc.
Patrick Donahoo, 702-688-9683
ir@ibtgi.com

Source: Business Wire (April 30, 2008 - 9:07 AM EDT
______________________________________________________________
July 9th 2008:
China Government Grants Approval for the Acquisition of Wuhan Based Wufeng Machinery Manufacturing Company by International Building Technologies Group, Inc.
http://pinksheets.com/pink/quote/quote.jsp?symbol=INBG

________________________________________________________________
Transfer Agent: American Registrar & Transfer Company
CIK: 1075993
http://www.americanregistrar.net/

CONTACT: International Building Technologies Group, Inc.
Patrick Donahoo, 702-688-9683
ir@ibtgi.COM

ALAMEDA, Calif., Jul 09, 2008 (BUSINESS WIRE) -- International Building Technologies Group, Inc. (OTCBB:INBG) announced today that the China Government has granted approval for the Company to acquire 88% of China based Wuhan Wufeng Machinery Manufacturing Company ("Machinery Company") with registered capital of RMB 26,420,000 (Approximately USD $3,850,000) for a fixed acquisition price of RMB 11,000,000 (Approximately USD $1,600,000).
On April 17, 2008, the Company signed a definitive agreement to purchase the Machinery Company located in Wuhan, Hubei Province of China. Since then, the Company has been waiting for approval from the China government and has been preparing for the audit process of the Machinery Company as scheduled in the definitive agreement.
Stated Ken Yeung, CEO of INBG, "We are very excited by the China Government's approval. Today's news brings us significantly closer to complete the acquisition of the Machinery Company. We have been working diligently over the past few months to prepare for the audit and will start the process shortly. The acquisition will be finalized upon completion of the audit in acceptance with SEC regulations. After which we can then retool the existing machineries and equipments so that they will be able to manufacture the panel machineries that INBG will utilize in its panel production factory projects, while the existing current revenue of the Wuhan Machinery Company can bring in a reasonable return for the Company."
The Company has also been working with local investors to set up a multi-million dollar panel production factory in earthquake devastated Sichuan Province to facilitate the rebuilding process. The plan to build a factory in this region has been discussed with the Sichuan Construction Bureau and has been met with great enthusiasm. "The Sichuan Construction Bureau has reviewed our products and plans for a factory and is eager for us to proceed. We have been working with several investors on this project and it is very promising. We are very optimistic and will keep shareholders and investors informed as new information becomes available," stated Ken Yeung.
About the Machinery Company:
The Machinery Factory manufactures machinery equipment and production lines for rice and grain processing as well as mineral refining and processing. It also provides turn-key services from designing to the assembly of equipments and production lines. It has been one of the key players in its respective industries for decades in China. For further information on the Machinery Company, please visit http://www.ytwf.com and www.intepower.com.
About International Building Technologies Group, Inc.
International Building Technologies Group, Inc. and its wholly owned subsidiary, International Building Technologies, Inc., are currently transforming the combined business into a worldwide manufacturer and developer of light panel technology to be used for residential and commercial businesses, primarily in regions that are at risk of earthquakes and hurricane-like winds. For more information, visit www.ibtgi.com.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
SOURCE: International Building Technologies Group, Inc.
CONTACT: International Building Technologies Group, Inc. Patrick Donahoo, 702-688-9683 ir@ibtgi.com
Copyright Business Wire 2008
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International Building Technologies Group, Inc. Engages a Reputable Hong Kong Based Audit Firm to Audit the Acquisition of Wuhan Wufeng Machinery Manufacturing Company

ALAMEDA, Calif., Aug 22, 2008 (BUSINESS WIRE) -- International Building Technologies Group, Inc. (OTCBB:INBG) announced today that it has engaged Albert Wong & Co. to audit the acquisition of China based Wuhan Wufeng Machinery Manufacturing Company ("Machinery Company"). HJ Associates & Consultants, LLP will still remain as the Company's primary Auditor.
Albert Wong & Co., a Hong Kong based CPA firm, is a registered public accounting firm approved by the Public Company Accounting Oversight Board (PCAOB) of the United States, with extensive experience in conducting independent audits of China based companies currently traded on the US public markets. The Audit firm employs over 40 professionals and supporting staff members. The Company has engaged Albert Wong & Co. as its independent auditor to audit the Machinery Company. As of today, the audit has commenced and it is estimated that the audit of the Machinery Company will take approximately sixty (60) days to complete.
"We are very excited to have moved into the final phase of the acquisition of the Machinery Company. We are confident the audit will be completed in a timely manner and the company can officially begin to build its machineries to manufacture the panels," stated CEO, Mr. Kenneth Yeung.
About International Building Technologies Group, Inc.
International Building Technologies Group, Inc. and its wholly owned subsidiary, International Building Technologies, Inc., are currently transforming the combined business into a worldwide manufacturer and developer of light panel technology to be used for residential and commercial businesses, primarily in regions that are at risk of earthquakes and hurricane-like winds. For more information, visit www.ibtgi.com.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
SOURCE: International Building Technologies Group, Inc.
CONTACT: International Building Technologies Group, Inc. Patrick Donahoo, 702-688-9683 ir@ibtgi.com
Copyright Business Wire 2008
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International Building Technologies Group, Inc. Announces Preliminary Audited Figures for the Acquisition of Wuhan Wufeng Machinery Manufacturing Company and an Additional RMB 12.08 Million Increase in Value

ALAMEDA, Calif., Oct 14, 2008 (BUSINESS WIRE) -- International Building Technologies Group, Inc. (OTCBB:INBG) announced today that based on the current ongoing audit of Wuhan Wufeng Machinery Manufacturing Company ("Machinery Company"), preliminary audited figures show that the Machinery Company's assets are worth significantly more than anticipated and previously announced.
Based on preliminary audited figures provided by our Auditors, the Machinery Company's assets are worth approximately RMB 38,500,000 (approximately USD $5,636,000) compared to the original figure of RMB 26,420,000 (approximately USD $3,868,000) that is stated in the definitive agreement and previously announced. The increase of RMB 12,080,000 approximately represents a 46% increase in the value of the assets (approximately USD $1,768,000)
Additionally, current unaudited sales figures for the Machinery Company indicate that as of September 30, 2008, the Machinery Company has generated RMB 17,200,000 in sales (approximately USD $2,518,000).
The audit is progressing and is expected to be completed on or about November 30, 2008. All financial figures mentioned in this press release are subject to finalization by our PCAOB approved SEC auditor, Albert Wong & Company.
About International Building Technologies Group, Inc.
International Building Technologies Group, Inc. and its wholly owned subsidiary, International Building Technologies, Inc., are currently transforming the combined business into a worldwide manufacturer and developer of light panel technology to be used for residential and commercial businesses, primarily in regions that are at risk of earthquakes and hurricane-like winds. For more information, visit www.ibtgi.com.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
SOURCE: International Building Technologies Group, Inc.
CONTACT:
International Building Technologies Group, Inc. Patrick Donahoo, 702-688-9683 ir@ibtgi.com
Copyright Business Wire 2008