U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF
SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X ]
Check the appropriate box:
[ X] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted
by Rule 14(a)-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Sec. 240.14a-11(c)
or Sec. 240.14a-12
INTERNET BUSINESS'S INTERNATIONAL, INC.
(Previously known as International Food & Beverage, Inc.)
(Name of Small Business Issuer in its charter)
Shawn F. Hackman, a P.C.
3360 West Sahara Avenue, Suite 200
Las Vegas, Nevada 89102
(Name of Person(s) Filing Proxy Statement, if other than the
Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No Fee Required
[ ] Fee Computed on table below per Exchange Act
Rules 14a-6(I)(4) and 0-11.
1. Title of each class of securities to which transaction
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2. Aggregate number of securities to which transaction
applies:
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computed pursuant to Exchange Act Rule 0-11 (set forth the
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[ ] Fee paid previously with preliminary materials.
[ ] Check box is any part of the fee is offset as provided by
Exchange Act Rule 0-11(a)(2) and identify the filing for which
the offsetting fee was paid previously. Identify the previous
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and the date of its filing.
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Notes:
Internet Business's International, Inc.
3900 Birch Street, Suite 200
Newport Beach, California 92660
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON WEDNESDAY, JUNE 30, 1999
Notice is hereby given that the Annual Meeting of
shareholders of Internet Business's International, Inc.
("Company") will be held on Wednesday June 30, 1999 at the Law
Offices of Shawn F. Hackman, a P.C., 3360 West Sahara Avenue,
Suite 200, Las Vegas, Nevada 89102 at 3:00 p.m. for the following
purposes:
1. To elect the following four nominees as Directors of the
Company until the next Annual Meeting of stockholders and until
their respective successors shall be elected and qualified: Louis
Cherry; Albert R. Reda; Arnold Sock; and Craig Stack;
2. To ratify the appointment of Henry Schiffer, C.P.A., a P.C.,
as the Company's independent auditors for the new fiscal year
commencing on July 1, 1999;
3. To approve a reduction in the amount of outstanding shares of
common stock in the redomicilied Company by a one-for-five
reverse split of common stock;
4. To approve the merger of the Company with Internet Business's
International, Inc., a Nevada corporation, for the purpose of
redomiciling the Company to the State of Nevada;
5. To consider on any other matter that properly may come before
the meeting or any adjournment thereof.
Shareholders of record as the close of business on May 21,
1999 are entitled to vote at the meeting or any postponement or
adjournment thereof.
Please review the voting options on the attached proxy card
and submit your vote promptly. If you attend the Annual
Meeting, you may revoke your Proxy and vote in person if you
desire to do so, but attendance at the Annual Meeting does not
itself serve to revoke your Proxy.
A copy of the Company's Annual Report for its fiscal year
ended June 30, 1998 and for the quarter ended on March 31, 1999
are enclosed herewith.
By order of the Board of Directors
June 1, 1999
/s/ Albert R. Reda
Corporate Secretary
PROXY STATEMENT
Internet Business's International, Inc.
3900 Birch Street, Suite 111
Newport Beach, California 92660
This Proxy Statement is furnished to shareholders at the
direction and on behalf of the Board of Directors of Internet
Business's International, Inc., a Nevada corporation ("Company"),
for the purpose of soliciting proxies for use at the Annual
Meeting of Stockholders of the Company to be held at the Law
Offices of Shawn F. Hackman, P.C., 3360 West Sahara Avenue, Suite
200, Las Vegas, Nevada on June 30, 1999 at 3:00 p.m. The shares
represented by the proxy will be voted in the manner specified in
the proxy. To the extent that no specification is made as to the
proposals set forth in the notice of meeting accompanying this
Proxy Statement, the proxy will be voted in favor of such
proposals. However, any proxy given pursuant to this
solicitation may be revoked at any time before it is exercised by
giving written notice of such revocation to the Secretary of the
Company, by appearing at the meeting and voting in person, or by
submitting a later dated proxy. Neither attendance at the
meeting nor voting at the meeting shall revoke the proxy. A
revocation that is not timely received shall not be taken into
account, and the original proxy shall be counted.
Shareholder proposals must be submitted to the Company not
later than April 30, 2000, in order to be included in those
matters considered at the next Annual Meeting of the Company to
be held in June 2000. The cost of preparing, assembling and
mailing this Proxy Statement, the Notice of Annual Meeting of
Shareholders and the accompanying Proxy is being borne by the
Company. Brokers, dealers, banks, or voting trustees, and their
nominees, are requested to forward soliciting materials to the
beneficial owners of shares and will be reimbursed for their
reasonable expenses. This Proxy Statement and accompanying proxy
will be mailed to stockholders on or about June 20, 1999.
VOTING SECURITIES
The record date of shareholders entitled to notice of and
to vote at the Annual Meeting of Shareholders is the close of
business on May 21, 1999. On such date, the Company had issued
and outstanding 177,302,977 pre-reverse shares of $0.01 par value
common stock. Each share is entitled to one vote per share on
any matter which may properly come before the meeting and there
shall be no cumulative voting right on any shares. The presence
at the meeting, in person or by proxy, of the holders of a
majority of the shares of common stock outstanding on the record
date will constitute a quorum at the meeting. Votes withheld and
abstentions will be counted in determining the presence of a
quorum but will not be voted. Broker non-votes will not be
counted in determining the presence of a quorum and will not be
voted. Pursuant to applicable state law, there are no
dissenter's or appraisal rights relating to the matters to be
voted
All matters to be voted on require an affirmative vote of a
majority of the votes present at the meeting. As management
holds, directly or indirectly, a majority of the outstanding
shares as of the record date and intends to vote in favor of all
proposals, it is anticipated that all proposals will pass.
STOCK OWNERSHIP
The following table sets forth information regarding the
beneficial ownership of shares of the Company's common stock as
of May 21, 1999 by (i) all stockholders known to the Company to
be beneficial owners of more than 5% of the outstanding Common
Stock; (ii) each director; and (iii) all officers and directors
of the Company as a group. Except as may be otherwise indicated
in the footnotes to the table, each person has sole voting power
and sole dispositive power as to all of the shares shown as
beneficially owned by them.
Aggregate Percent of
Name of Number of Shares Shares
Beneficial Owner (1) Beneficially Owned Outstanding
Arnold Sock 32,867,259 18.54%
Reda Family Trust 29,600,000 16.69%
Cherry Family Trust 26,086,086 14.71%
Iron Horse Trading, Inc.(2) 14,132,791 7.97%
Albert Reda 1,566,086 0.88%
Craig Stack 0 0.00%
Shares of
All directors and
executive officers as
a group (4 persons) 104,252,222 58.79%
(1) Unless otherwise indicated in these footnotes, the address of
each person and entity listed is c/o Internet Business's
International, Inc., 3900 Birch Street, Suite 111, Newport Beach,
California 92660.
(2) The address for Iron Horse Holdings, Inc. is 8635 West Sahara
Avenue, Suite 578, Las Vegas, Nevada 89117. Michael Cherry and
Reda Family Trust are shareholders of Iron Horse Holdings, Inc.
On November 23,1998, control of Registrant changed by
virtue of the purchase of 90,119,431 shares of the common stock
of Registrant by Arnold Sock, Albert Reda, Cherry Family Trust,
Reda Family Trust ("Control Group") at private sale from Michael
Hogarty, who, prior to the transactions, held control of
Registrant. In addition, on November 23, 1998 certain persons,
not in the Control Group, purchased 18,132,791 shares, at private
sale, from Michael Hogarty.
ELECTION OF DIRECTORS
EXECUTIVE OFFICERS
The Company's Board of Directors is currently composed of
four members. The Company's Bylaws provide that Directors are to
serve only until the next Annual Meeting of Stockholders or until
their successors are elected and qualified. All of these
individuals also hold all of the positions as Executive Officers
of the Company. The Directors and Executive Officers of the
Company are not a party to any material pending legal proceedings
and, to the best of their knowledge, no such action by or against
them has been threatened.
Louis Cherry
Mr. Cherry, age 71, was appointed Chariman of the Board,
and Treasurer of the Company in November 1998. Mr. Cherry also
currently serves as a Director of Detergents Resources, Inc. (a
laundry detergent manufacturing and distribution firm), a
position he has held since March 1999. From 1995 to 1998, he was
self-employed as a consultant and food broker. For the period of
1993 to 1994, Mr. Cherry served as Chariman of the Board for two
automobile dealerships, Uniersity Oldsmobile & Pontiac of Costa
Mesa, California, and San Clemente Chrysler, Jeep & Eagle of San
Clemente, California. Previously, Mr. Cherry was Chariman of the
Board of a national bank and president of an investment firm.
Mr. Cherry has attended the University of California at Los
Angeles.
Albert R. Reda
Mr. Reda, age 53, was appointed a Director, Chief Executive
Officer, and Secretary of the Company in November 1998. Mr. Reda
also currently serves as a Director and Secretary of Detergents
Resources, Inc. (a laundry detergent manufacturing and
distribution firm), positions he has held since March 1999. From
1996 to 1998, he was employed with CRT Corporation as Vice
President in charge of production for manufacturing frozen food
products. For the period of 1994 to 1995, Mr. Reda was self-
employed in the financial lending area, buying and selling loans
between individuals and institutions. Mr. Reda received his
Bachelor of Science Degree from California State University, Long
Beach, with a major in engineering.
Arnold Sock
Mr. Sock, age 45, was appointed a Director and President of
the Company in February 1999. Mr. Sock also serves in the
following capacities with the following companies: (a) Chairman
of the Board and Secretary of Tax Debt Negotiators, Inc. (a tax
debt colllection resolution firm), positions he has held since
December 1998; (b) Director and Secretary of California
Commercial Investments, Inc. (a California licensed real estate
broker), positions he has held since March 1998; (c) Director and
Chief Financial Officer of Detergents Resources, Inc. (a laundry
detergent manufacturing and distribution firm), positions he has
held since March 1999; and (d) Member and Chief Financial Officer
of Kenyon Group, L.L.C. (a firm which designs web sites),
positions he has held since July 1998.
Prior to accepting the position with the Company, Mr. Sock
was the Director of Operations for Cmmercial Ventures, Inc., a
real estate investment company, a position he held from 1998.
For the four years prior to that, Mr. Sock provided business
consulting services. During this time, he developed controls,
management reporting systems, operations analysis, and gave
financial, operations, tax, and legal advice to his clients.
Mr. Sock holds an Associate of Arts Degree in Management
(Cum Laude) and a Bachelor of Science Degree in Accounting
(Magna Cum Laude) from Roger Williams University. He earned his
Juris Doctorate in December 1994 from University of West Los
Angeles, and was admitted to the California Bar in June 1995. In
May 1997, he received his Master of Laws in Taxation (with
Honors) from Golden Gate University Law School. Mr. Sock
currently serves as an adjunct professor at California State
University - Dominguez Hills, where he teaches real estate law
for the Construction Management Certificate program.
Craig Stack
Mr. Stack, age 41, was appointed a Director of the Company
on January 21, 1999, and appointed a Vice President on February
3, 1999. From 1992 to the present, Mr. Stack has been President
of Weller Company of Portland, Oregon, an air conditioning and
heating firm. Mr. Stack earned his Bachelor of Science Degree in
1980 from University of Oregon, with a major in accounting and a
minor in rhetoric and communication. In 1982, he received his
Certified Public Accountant certificate.
Current management assumed control of the Company on
November 23, 1998. Certain of the nonfinancial records of
Registrant are not available for the time prior to that date.
Therefore, current management has no records of the number of
meetings of the previous Board of Directors held during the
fiscal year ended June 30, 1998 and the attendance of the Board
members at those meetings. Since the change in control of the
Company, the new Board of Directors has met, by unanimous
written, 48 times, and all Directors in office at the time were
present at each meeting.
EXECUTIVE COMPENSATION
(a) No officer or director of the Company is receiving any
remuneration at this time. However, Mr. Cherry and Mr. Reda are
due wages for the period of November 23, 1998 through May 1999
(Mr. Sock is due wages for the period of February 2, 1999 through
May 1999). In lieu of cash payments, these officers will take
additional shares of stock at the higher of $.02 per share or
market price of the stock at the end of each month. These shares
have not yet been issued. The wages are for $15,000.00 per month
for Mr. Reda and Mr. Cherry, and $5,000.00 per month for Mr.
Sock. Craig Stack has not accrued any salary during these time
periods.
(b) There are no annuity, profit sharing, pension or
retirement benefits proposed to be paid to officers, directors,
or employees of the Company at this time in the event of
retirement at normal retirement date as there is no existing plan
provided or contributed to by the Company.
(c) No remuneration, including stock options, is proposed
to be paid in the future directly or indirectly by the Company to
any officer or director as there is no such plan which is
presently existing.
TRANSACTIONS WITH MANAGEMENT
On December 15, 1998 the Company entered into an agreement
with Iron Horse Holdings, Inc. ("IHHI") wherein IHHI agreed to
buy up to 25,000 the Company's preferred shares at the price of
at the price of $100.00 per share. Michael Cherry and Reda
Family Trust are shareholders of Iron Horse Holdings, Inc.
Shares purchased under this agreement are to be issued to
IHHI or its designee. Payment for shares sold under this
agreement is to be in the form of a promissory note bearing
interest at the rate of 9% per annum, and the obligation created
thereby is to be secured by a "blanket", or all inclusive
security agreement executed by IHHI and perfected by filings as
specified by law. Until such note is paid in full, IHHI shall pay
the 3% coupon on such shares as are issued under this agreement
directly to the shareholder(s) of record at the time such payment
becomes due.
By the end of the quarter ended March 31, 1999, 23,900
shares were issued according to the agreement with IHHI. The
balance of the shares to be issued 0f 1,100 at a par value of
$100.00 per share or $110,000.00 are being treated as additional
paid in capital.
INDEPENDENT PUBLIC ACCOUNTANT
Henry Schiffer, C.P.A., a P.C. of Beverly Hills, California
issued the report for the company's audited financial statements
for the fiscal years ended June 30, 1997 and 1998. Mr. Schiffer
has been engaged by the Board of Directors of the Company as
independent public accountant for the fiscal year ending on June
30, 1999. In addition, the Board of Directors has approved a
resolution to retain Mr. Schiffer for the fiscal year commencing
on July 1, 1999.
MODIFICATION OR EXCHANGE OF SECURITIES
On June 1, 1999, the Board of Directors by resolution
authorized the submission to the Company's shareholders of a
proposal for a reverse stock split pursuant to which one share of
stock will be issued for each ten shares previously outstanding.
Currently, 177,302,977 shares of common stock are outstanding.
If the 1 for 5 reverse stock split is accomplished, 35,460,595
shares will be outstanding. If the proposal is adopted, each
shareholder's percentage share of the Company and its outstanding
shares of common stock will be the same as they were prior to the
adoption except for minor differences in the instances of
fractional shares. In the event fractional shares result from the
proposed reverse split, the Company will round up or down to the
nearest number. Shareholders who have fractional shares rounded
down will not receive any form of compensation in connection with
such rounding down.
The Company presently is authorized under its Articles of
Incorporation to issue 199,000,000 shares of common stock. If
this proposal is adopted, the issued common stock will represent
approximately 17.82 %of the Company's authorized common stock
whereas it currently represents approximately 89.10% of
authorized common stock. The Board of Directors is recommending
the adoption of the reverse stock split resolution for the
following reasons: (a) According to available market information,
as of June 7,1996, the shares of common stock of the Company were
trading at a bid of $0.15 and an ask of $0.11 as reported by the
Over the Counter Bulletin Board. Management believes that if the
1 for 5 reverse stock split is effected it could result in the
common stock trading at higher prices and it would be more
acceptable to stock brokerage firms which have historically
required higher priced securities to execute trades for customer
accounts. The Company's common stock is subject to the so-called
"Penny Stock Rules" under the Securities Exchange Act of 1934 and
as such is subject to substantial suitability clearance
requirements prior to completion of solicited customer orders to
purchase such shares by stock brokerage firms. Even if the
shareholders approve this proposal, however, the Company's common
stock may continue to be subject to the "Penny Stock Rules." (b)
The present public float of the Company's common stock is
177,302,977 shares. It is management's position that this number
of shares may be large in relationship to the Company's assets
and history of operating losses, and constitutes a hindrance in
attracting a greater number of broker-dealers to trade shares of
the Company. (c) Further, to provide more market visibility for
its common stock, the Company may seek inclusion of the common
stock on the NASDAQ Small Cap System which requires, among other
things, a minimum bid price of $4.00 per share. The proposed
reverse split is not expected to cause the stock to meet all the
NASDAQ Small Cap criteria in the foreseeable future and there is
no assurance the Company's shares will ever so qualify.
If this resolution is adopted, it is expected there will be
no significant change in the number of its shareholders. The
Company has no plans for the cancellation or purchase of its
shares from individuals holding a nominal number of such shares
after the proposed reverse stock split is effected and has no
present intention to take the Company private through this
proposed reverse stock split or otherwise. If this proposal is
adopted, the Company does not intend to require shareholders to
exchange their stock certificatesrepresenting pre-split shares
for reissuance of new stockcertificates representing post-split
shares. The Company merely intends to notify the Company's
transfer agent and its shareholdersof record by letter of the
effective date of reverse stock split and the adjustment to the
number of shares represented bycertificates issued prior to that
date.
FINANCIAL AND OTHER INFORMATION
The Form 10-K for the fiscal year ended June 30, 1998 and the
Form 10-Q for the latest quarter ended on March 31, 1999 are
attached to this Proxy Statement.
MERGERS, CONSOLIDATIONS, ACQUISITIONS, AND SIMILAR MATTERS
The Company proposes to change its legal domicile from
Delaware to Nevada. The reason for this proposed change is that
costs of maintaining the Company as a Nevada corporation are
expected to less than as a Delaware corporation but with many of
the same favorable provisions in the corporate statutes. Also,
it is anticipated that any future changes to the Articles of
Incorporation can be processed more quickly in the State of
Nevada.
In preparation for this change, a Nevada corporation named
"Internet Business's International, Inc." has been established.
This corporation has not issued any capital stock. Its capital
structure is identical to that of the Company, and it has the
same directors and officers as the Company. Its principal place
of business is the same as that of the Company, and is expected
to remain in that location:
3900 Birch Street, Suite 111
Newport Beach, California 92660
(949) 833-0261
The business of the new Nevada company is expected to remain the
same as that of the Company.
Each of the shares of common stock of the Company
outstanding on the merger date shall upon the merger date be
converted into one share of common stock of the new Nevada
corporation. At any time and from time to time after the merger
date, each holder of an outstanding certificate or certificates
representing shares of the Company shall be entitled, upon the
surrender of the certificate or certificates at the office of an
transfer agent of the Company, to receive in exchange a
certificate or certificates representing the number of shares of
the new corporation into which the shares of the Company
represented by the certificate or certificates surrendered will
be converted.
The effect of the merger will be that the new corporation
will succeed to, without other transfer, and will possess and
enjoy all rights, privileges, powers and franchises, and be
subject to all restrictions, disabilities and duties of each of
two constituent corporations, and the rights, privileges, powers
and franchises of each of corporations, and all property, real,
personal and mixed, and all debts to either of the constituent
corporations shall be vested in the continuing corporation. In
addition, all rights of creditors and all liens on any property
of each of constituent corporations will be preserved unimpaired,
limited to property affected by the liens at time of merger, and
all debts, liabilities and duties of constituent corporations
will attach to the continuing corporation, and may be enforced
against it to the same extent as if debts, liabilities and duties
had been incurred or contracted by it.
Under Section 354 of the Internal Revenue Code, no gain or
loss will be recognized if stock in a corporation as party to a
reorganization are, in pursuance of the plan of reorganization,
exchange solely for stock in such corporation or another
corporation a party to the reorganization. Therefore, there
should be no federal tax consequences for the proposed merger.
The common stock of the Company is currently traded on the
Over the Counter Bulletin Board. On May 28, 1999, the business
day before the resolution by the Board of Directors of the
Company to proceed with a merger as outlined herein, the high and
low sale prices of the stock were $0.20 and $0.1875,
respectively.
The principal accountant for the current fiscal year and
for the most recently completed fiscal year of the Company is not
expected to be present at the Annual Meeting of the Company.
However, stockholders may submit questions of an accounting
nature to the Company in writing at the meeting and they will be
subsequently responded to.
There are no individuals, including officers or directors
of the Company, who have an interest in the re-domiciling of the
Company to Nevada that is different than, or contrary to, the
interest of other shareholders.
DISSENTERS' RIGHT OF APPRAISAL
Under Section 262 of the Delaware Code, any shareholder who
dissents from a merger shall have appraisal rights available for
the shares of any class or series of stock of a constituent
corporation if the holders thereof are required by the terms of
an agreement of merger or consolidation to accept for such stock
anything except:
(a) Shares of stock of the corporation surviving or resulting
from such merger or consolidation, or depository receipts in
respect thereof;
(b) Shares of stock of any other corporation, or depository
receipts in respect thereof, which shares of stock (or
depository receipts in respect thereof) or depository
receipts at the effective date of the merger or consolidation
will be either listed on a national securities exchange or
designated as a national market system security on an
interdealer quotation system by the National Association of
Securities Dealers, Inc. or held of record by more than 2,000
holders;
(c) Cash in lieu of fractional shares or fractional depository
receipts described in the foregoing subparagraphs a. and b.
of this paragraph; or
(d) Any combination of the shares of stock, depository receipts
and cash in lieu of fractional shares or fractional
depository receipts described in the foregoing subparagraphs
a., b. and c. of this paragraph.
The Agreement and Plan of Merger governing this merger does
not require a sharedholder to accept for stock of the Company
anything except stock of the new Nevada corporation. Therefore,
under the provisions of Section 262, there are no dissenters'
right of appraisal in connection with this appraisal.
OTHER BUSINESS
As of the date of this proxy statement, the Company knows
of no business that will be presented for consideration at the
Annual Meeting other than the items referred to above. If any
other matter is properly brought before the meeting for action by
the stockholders, proxies in the enclosed forms returned to the
company will be voted in accordance with the recommendation of
the Board of Directors or, in the absence of such a
recommendation, in accordance with the judgment of the proxy
holder.
By order of the Board of Directors
Albert R. Reda
Corporate Secretary
June 1, 1999
P R O X Y
INTERNET BUSINESS'S INTERNATIONAL, INC.
Annual Meeting of Shareholders To Be Held June 30, 1999
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS. The
undersigned hereby appoints Albert R. Reda and Louis Cherry, or
either of them, as proxies of the undersigned, with full power of
substitution, and hereby authorizes them to represent and to vote
at the Annual Meeting of Shareholders of Internet Business's
International (sometimes hereinafter referred to as the
"Company") to be held on June 30, 1999, as designated below, all
of the common stock of Internet Business's International, Inc.
held of record by the undersigned on May 21, 1999, at the Law
Offices of Shawn F. Hackman, a P.C., 3360 West Sahara Avenue,
Suite 200, Las Vegas, Nevada 89102 for matters that properly may
come before the meeting or any adjournment thereof.
1. ELECTION OF DIRECTORS (circle one):
FOR WITHHOLD AUTHORITY
all nominees listed below to vote for all nominees
listed below
Louis Cherry Albert R. Reda Arnold Sock Craig Stack
2. TO RATIFY THE SELECTION OF HENRY SCHIFFER, C.P.A., A P.C. AS
THE COMPANY'S INDEPENDENT ACCOUNTING FIRM FOR THE CURRENT FISCAL
YEAR (circle one).
FOR AGAINST ABSTAIN
3. TO EFFECT A REDUCTION IN THE AMOUNT OF OUTSTANDING SHARES OF
COMMON STOCK BY A ONE-FOR-FIVE REVERSE SPLIT OF COMMON STOCK
(circle one):
FOR AGAINST ABSTAIN
4. TO APPROVE THE MERGER OF THE COMPANY INTO INTERNET BUSINESS'S
INTERNATIONAL, A NEVADA CORPORATION, FOR THE PURPOSE OF
REDOMINILING THE COMPANY FROM THE STATE OF DELAWARE TO THE STATE
OF NEVADA (circle one).
FOR AGAINST ABSTAIN
This proxy will be voted as specified. IF NO SPECIFICATION IS
GIVEN, THIS PROXY WILL BE VOTED FOR THE PROPOSALS SET FORTH
ABOVE. The undersigned hereby acknowledges receipt of the Notice
of Annual Meeting of Shareholders of Internet Business's
International, Inc. to be held on June 30, 1999 and the Proxy
Statement of such meeting.
Dated: ______________, 1999 _______ ________________________
(Signature of Shareholder)
Note: Please sign exactly as name appears on stock certificate
(as indicated on reverse side). All joint owners should sign.
When signing as personal representative, executor, administrator,
attorney, trustee or guardian, please give full title as such. If
a corporation, please sign in full corporation name by President
or other authorized person. If a partnership, please sign in
partnership name by a partner.
PLEASE MARK, SIGN, DATE AND RETURN THIS PROXY CARD PROMPTLY USING
THE ENCLOSED ENVELOPE.
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