PHOENIX, May 14 /PRNewswire-FirstCall/ -- Synosphere, Inc., a wholly owned subsidiary of iBIZ Technology Corporation (OTC Bulletin Board: IBZT - News), a developer of innovative PDA technologies, announced today that the company has retained GRID Strategic Advisors to assist in developing strategies for the commercialization and licensing of Synosphere's satellite radio handheld accessory and lighted memory card patent pending technologies.

"We look forward to working with GRID Strategic Advisors. Their team has deep experience across the whole spectrum of intellectual property ("IP") -- from patents to copyrights to licensing agreements -- but more importantly they approach IP from a strategic paradigm, which is in harmony with our view," commented Bryan A. Scott, President and CEO of Synosphere. "By leveraging the talent and network resources of GRID Strategic Advisors Synosphere will be able to more rapidly secure relationships with strategic partners to exploit our intellectual assets."

"We welcome the opportunity to work with Synosphere," said Payne Harrison, Executive Vice President and COO of GRID Strategic Advisors. "There is a growing awareness that intellectual property will be the business 'field of maneuver' of the 21st Century. Synosphere embraces this view and we look forward to assisting them."

About GRID Strategic Advisors

GRID Strategic Advisors is a privately held company specializing in systematically assessing intangible and intellectual property assets of technology companies, and developing a strategic approach to maximize their value. It is a d/b/a of GRID Technology Transfer LLC. For more information on GRID Strategic Advisors contact: pharrison@gridtechnology.net .

About Synosphere, Inc.

Synosphere -- a wholly owned subsidiary of iBIZ Technology Corporation www.ibizcorp.com -- is a developer of innovative PDA technologies that expand and enhance the PDA experience. For more information visit www.synosphere.com or contact Synosphere at info@synosphere.com .

For further information, please contact: Investor Relations, Ed Lewis of CEOcast, +1-212-732-4300, for Synosphere, Inc.

"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."