July 13, 2009 at 08:46 AM EDT
iB3 Networks, Inc. Receives Contract Exceeding Six Figures From Private Equity Investment Firm

CANAL WINCHESTER, Ohio, July 13 /PRNewswire-FirstCall/ -- iB3 Networks, Inc. (OTC Bulletin Board: IBNW) and its wholly owned subsidiary iBeam Solutions, a Microsoft Gold Certified Partner and a Cisco Certified Select Partner, announced today that it has been retained by White Oak Partners, a private investment management firm. The contract, which exceeds six figures, includes moving their operations to their new offices in New Albany, Ohio as well as the complete design and installation of a new, state-of-the-art network, and managed services to maintain their systems moving forward.

iBeam Solutions has been hired by White Oak Partners to install cabling, Cisco network infrastructure and firewalls, Cisco UCC phone system, and conference room setup. iBeam will also develop a hosted network system including e-mail, collaboration and Citrix remote access, which will give them virtual office capabilities from anywhere. It will all be hosted and maintained by iBeam Solutions and connected via redundant high-speed network connections to their offices.

"We are very pleased to have this opportunity to provide White Oak Partners with a state-of-the-art network that will be bolstered by technology from companies like Microsoft, Cisco and Citrix. I am very pleased with this order because it is a considerable project, both in scope and value, for our company," stated Eric Schmidt, CEO of iB3 Networks, Inc.

About iB3 Networks, Inc.

iB3 Networks, Inc. (OTC Bulletin Board: IBNW) and its wholly owned subsidiary iBeam Solutions, is a Microsoft Gold Certified Partner with a proven track record of delivering scalable hosting solutions, managed hosting, dedicated hosting and Co-location, world-class IT infrastructure, 100% uptime SLA and 24x7x365 First Call Support, virtual help desk, managed services, design and implementation of networks, security and Internet monitoring, technical support, web development, application development, database development and support, wireless solutions, Internet businesses, and is a Cisco Certified Select Partner. For more information please visit their web site at www.iB3Networks.com

Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

SOURCE iB3 Networks, Inc.

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