29 April 2005

iBIZ Technology Corp. Financials

Income Statement	Quarterly Data

All numbers in thousands

PERIOD ENDING		31-Jan-05	31-Oct-04	31-Jul-04	30-Apr-04
Total Revenue		38	46	79	81
Cost of Revenue		48	306	119	158

Gross Profit		(11)	(260)	(39)	(77)

	Operating Expenses
	Research Development	-	337	164	96
	Selling General and Administrative	666	1,118	1,572	2,531
	Non Recurring	-	478	452	-
	Others	-	-	-	-

	Total Operating Expenses	-	-	-	-


Operating Income or Loss		(677)	(2,192)	(2,228)	(2,704)

	Income from Continuing Operations
	Total Other Income/Expenses Net	148	29	28	134
	Earnings Before Interest And Taxes	(528)	(2,163)	(2,200)	(2,570)
	Interest Expense	13	39	30	39
	Income Before Tax	(541)	(2,202)	(2,230)	(2,609)
	Income Tax Expense	-	0	-	-
	Minority Interest	-	-	-	-

	Net Income From Continuing Ops	(541)	(2,202)	(2,230)	(2,609)

	Non-recurring Events
	Discontinued Operations	-	-	-	-
	Extraordinary Items	-	-	-	-
	Effect Of Accounting Changes	-	-	-	-
	Other Items	-	-	-	-


Net Income		(541)	(2,202)	(2,230)	(2,609)
Preferred Stock And Other Adjustments		-	-	-	-

Net Income Applicable To Common Shares		($541)	($2,202)	($2,230)	($2,609)

if you have any questions please email ir@ibizcorp.com