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Interactive Buyers Network International, Ltd. Announces Big A Auto Parts and Southland Lumber Subscribe To Virtual Source(TM) Network

2 February 1998

Interactive Buyers Network International, Ltd. Announces Big A Auto Parts and Southland Lumber Subscribe To Virtual Source(TM) Network

    BURBANK, Calif., Feb. 2 -- Interactive Buyers Network
International, Ltd. (OTC Bulletin Board: IBNL) announced today that Big A Auto
Parts, Southland Lumber and Copper and Brass Sales have all recently
subscribed to IBNL's Virtual SOURCE(TM), the Company's business-to-business
electronic commerce service.  They join a continuing list of major
corporations subscribing to Virtual SOURCE(TM).
    Big A Auto Parts is one of the largest retail auto parts chains in the
U.S.  Initially, key stores will be online, with the remaining 2000-plus
stores of this large chain as a strong potential market.  Serving Southern
California for decades, Southland Lumber remains one of the top lumber
suppliers in Los Angeles and its surrounding areas.  Copper and Brass Sales is
one of the TMX companies, a world leader in the materials distribution and
service industry.  With the addition of these firms, IBNL can continue its
growth strategy of targeting these corporations' suppliers, and/or
franchisees, creating an additional market for Virtual SOURCE(TM).
    Mr. Robert ("Jay") McShirley, President of IBNL, stated, "We are very
pleased to bring these prestigious companies on-board.  Volume on the system
continues to increase, and more and more firms are seeing the benefits of
purchasing online with Virtual SOURCE(TM).  One of the aspects of our system
that I am particularly pleased with is that our online sellers are responding
to 50-70% of all buyer requests within the same day.  This shows the
versatility of Virtual SOURCE(TM).  Not only is purchasing through the system
saving firms money, but it is an extremely convenient method for conducting
everyday business transactions."
    IBNL operates Virtual SOURCE(TM) network, a proprietary software system
designed to enhance business-to-business electronic commerce.  Buyers use the
Virtual SOURCE(TM) network to obtain competitive bids in response to RFQs.
Sellers use the Virtual SOURCE(TM) network to enhance sales opportunities and
provide product and pricing information to customers.  The system can be
operated through modem or Internet access.  Users of the system pay a nominal
yearly subscription fee.  Current subscribers include industry leaders such as
Warner Brothers, CBS Television City, B.F. Goodrich, Xircom, Time Warner's WEA
Manufacturing, Stone Container, Great Western Malting (division of ConAgra),
Monogram Aerospace Fasteners, Castle Metals and Earle M. Jorgensen Company.

SOURCE  Interactive Buyers Network International, Ltd.