May 5, 1999
The Company is pleased to announce that it is actively pursuing several internet opportunities in South and Central America with a view to establishing a presence and positioning itself for e-commerce development and expansion. Latin Americans are set to start surfing the web in a big way (Globe & Mail, Marcdh 18, 1999). They spents US$ 170 million on-line last year. However, analysts predict, the rush to get wired will drive that to US$ 8 billion a year by 2003 with the number of internet surfers expected to quadruple by then. The Company's contacts, obtained through mining activities in particular, have led to a good working relationship with key persons who are in a position to implement and advance any business opportunity quickly and efficiently.
The Company will continue to seek financing for its major gold exploration project, Tierra de Oro, or a suitable joint venture partner capable of properly evaluating this large multi-target property.
On behalf of the Board of Directors of
"Terence Walker, M.Sc, P. Geo."
Cautionary Notice: The Company is holding discussions and no definitive agreements have been signed with any party. Further, there is no assurance that any business transaction will occur.
The Vancouver Stock Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this Release.
Click here to view the Property Compilation Map.
For further information please contact John Gomez.
INTERNATIONAL PBX VENTURES LTD.
Trading Symbol: IVU - Vancouver Stock Exchange