PHOENIX, June 15 /PRNewswire-FirstCall/ -- iBIZ Technology Corp. (OTC Bulletin Board: IBZT - News), an innovative manufacturer and distributor of accessories for personal digital assistants (PDAs) and other handheld devices, announced today recent information has led us to believe that Enterprise Capital will not meet their latest agreed upon delivery of virtual keyboards.

To date, a very limited amount of keyboards have been delivered to iBIZ. These keyboards, which were to be "finished product," were not. Among other issues, they lack any of the required certifications. Additional inventory, which was to flow at a rate that would include fulfilling outstanding orders by the end of June have not yet been delivered, nor do we have any indication from Enterprise that the Keyboards will be shipped.

Since January there have been reoccurring delays in production, remedial advances in the assembly process after our factory visit in February led us to believe production output would be adequate to meet the product demand. Enterprise's inability to meet agreed upon delivery schedules even after prepayment for goods, has forced iBIZ to pursue other venues in an effort to safe guard our existing orders as well as fulfill future orders for the Virtual Keyboard.

iBIZ Technology has made tremendous advances providing product awareness to the Virtual Keyboard technology. As a result of the overwhelming success we have experienced in this regard, it is our intent to build a redundant supply chain that will support our ongoing efforts. As new developments come to light we will continue to inform the public of these changes and advances.

About iBIZ Technology Corp.:

iBIZ Technology Corp. is a leading manufacturer and distributor of accessories for personal digital assistant (PDA) and other handheld devices. iBIZ is recognized for innovative, high-quality, competitively priced products that are available through major retailers. For more information on iBIZ products and services, please visit www.ibizcorp.com or call 1-800 234-0707.

For further information, please contact: Media, Belinda Banks of S&S Public Relations, +1-718-320-4898, Belinda@sspr.com; or Investor Relations, Ed Lewis of CEOcast +1-212-732-4300, both for iBIZ Technology Corp.

"Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those, set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise."