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October 31 , 2003
TSX.V: PBX

EUROPEAN INVESTOR RELATIONS PROGRAM INITIATED

The Company has entered into an agreement with Accent Marketing Limited, Birmingham, England to provide investor relation services in Europe for a period of three months at a rate of $6500 per month and on a monthly basis thereafter. The company has granted a one year option to purchase 220,000 common shares of the Company at a price of $0.32, subject to regulatory approval.

BY ORDER OF THE BOARD

"Gary Medford, PhD., P.Geo."
Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
The company relies on forward-looking statement litigation protection


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INTERNATIONAL PBX VENTURES LTD.
608-475 Howe Street
Vancouver, BC CANADA V6C 2B3
Toll-Free: 888-999-7748
Tel: (604) 681-7748
Fax: (604) 681-0568
www.internationalpbx.com
Email: [email protected]

Trading Symbol: IVU - Canadian Venture Exchange