SANTA MARIA, Calif., Dec. 13, 2002 (PRIMEZONE) -- International Broadcasting Corporation (OTCBB:IBCS) has announced that it will move its line-up of interactive revenue-generating Internet websites from several different points of presence to one centralized location in Los Angeles, CA.
The new state-of-the-art carrier neutral data center is wholly owned and operated by DreamTank LLC. DreamTank's carrier-neutral status sets it apart from other co-location and exchange facilities. The Data Center is connected directly via redundant fiber to One Wilshire, one of the largest Internet hubs in the world, thereby opening markets where clients freely exchange traffic with each other and choose from a variety of providers for access to the global Internet backbone, as well as private intranet and closed proprietary networks.
DT presently hosts and administrates key networks and companies with a worldwide Internet presence. The DreamTank network administration team will assist IBCS in hosting, programming, strategic development and other facets of expansion.
The move is designed to provide a scalable platform with sufficient capacity on which IBCS can transition from its beta-test formats to fully operational revenue generating websites with global market penetration.
"We are pleased to welcome the International Broadcasting Corporation operations, including IBC Radio, IBC News Network and IBC Entertainment Group to the DreamTank network. We look forward to assisting IBCS with their expansion plans for 2003," stated DreamTank CEO Tony Rennert.
IBC Entertainment Group VP James Golff added: "DreamTank LLC has been a key factor in the development of sophisticated programming networks for Internet-based commerce for over 7 years and has an exemplary record of performance. They will provide a perfect synergy for our multiple revenue-generating models and the means to deliver them."
International Broadcasting Corporation is a developmental stage company that endeavors to develop successful publishing, media, and broadcasting related businesses and ventures. The Company is focused on developing and providing online information and entertainment content through three units -- IBC News Network (http://www.ibcnn.com), IBC Radio (http://www.ibcradio.com), and IBC Entertainment Group (http://www.cultmoviesonline.com). The IBC Entertainment Group was launched in August following the acquisition of an on-demand, streaming online movie website called Cult Movies Online.
Statements in this press release other than statements of historical fact are "forward-looking statements." Such statements are subject to certain risks and uncertainties including the demand for the Company's services, litigation, labor market, and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission that could cause actual results to differ materially from any forward looking statements. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. The following disclaimer reveals the compensation for the sponsorship packages: http://www.ibcnn.com/disclaimer.htm.