ICBS update to shareholders

NEW YORK and MONTREAL, Sept. 10 /PRNewswire-FirstCall/ - ICBS Ltd. (OTCPK: ICBT), announced today that it is providing shareholders with a update vis a vis general business matters.

ICBS has completed the Canadian 2010 Financial statements. Our U.S. SEC approved CPA Andy Platte is currently working to complete the audits.

BioSpec Global Solutions Inc., we are currently in negotiations with another Chinese corporation for the manufacture and distribution of the TOGS 3000-9000. We were not able to reach an agreement with Titan Instruments of China. The new Chinese company is much larger and offers the advantage of being able to not only distribute the TOGS products but manufacture them as well.

The company expects the new web site to be up and running shortly. Commbits.com of Toronto designed the new website which will have the ability not only to inform, but for the online ability to sell units.

Canadian Bio Med Systems Inc., we are currently working to complete the funding required to commence animal studies in Canada and the U.S. (3.5M)

ITrendsoft Ltd. The site is up and running and is starting to generate revenues.

"Our purpose is to make ICBS more transparent for our shareholders in 2010" said Garth McIntosh, President & CEO "On behalf of ICBS we intend to file additional information with Pink Sheets in an effort to obtain full transparency status. We will publish information on ongoing investments and coming opportunities as soon as the company has signed the appropriate agreements".

ICBS specializes in mergers and acquisitions (M&A) advisory services and invests in selective businesses with potential for high growth. The Company has designed a three-pronged business model that can potentially yield long term rewards with relatively diversified revenue streams, by, Acquiring and consolidating undervalued opportunities in selective high-growth industries to create value for our shareholders and target partners by combining expertise in both the product and capital markets. Acting as an incubator for emerging companies. Taking interest in partner companies to align with their long-term interest and help build enduring value for our investors.

Legal Notice Regarding Forward-Looking Statements:

Safe Harbour: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbour created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of ICBS Limited, to be materially different from the statements made herein.

SOURCE Inter Canadian Business Service