U.S. SECURITIES AND EXCHANGE COMMISSION

   Washington, D.C.

   Litigation Release No. 16914 / February 28, 2001

   , Civil Action No. 01-0382 PHX-EHC (D. Ariz.)

   Today, the Securities and Exchange Commission ("Commission") sued
   Kenneth W. Schilling ("Schilling") in U.S. District Court for the
   District of Arizona, charging that Schilling disseminated false
   revenue and stock price projections on the Internet for iBIZ
   Technology Corp. ("iBIZ") a Florida computer company headquartered in
   Phoenix, Arizona.

   In the Complaint, the Commission alleged that Schilling, president of
   iBIZ, provided false financial projections to a purported analyst for
   research reports recommending the purchase of iBIZ stock. The
   Complaint also stated that from February 1999 through June 1999,
   Schilling placed 17 press releases on iBIZ's website which contained
   direct hyperlinks to the analyst reports. As late as February 2000,
   iBIZ maintained press releases on its website which referenced and
   contained hyperlinks to the analyst reports. The Commission further
   alleged that in a February 19, 1999 press release, iBIZ characterized
   the analyst as "independent" even though iBIZ, through its investor
   relations firm, had agreed to pay the analyst 200,000 shares of iBIZ
   common stock for the report. Schilling reviewed and approved the press
   releases posted on iBIZ's website. The Commission alleged that the
   false financial projections which appeared on the Internet fueled a
   rise in both the price and the trading volume of iBIZ's common stock.

   Simultaneous with the filing of the complaint, Schilling without
   admitting or denying the Commission's allegations against him to the
   entry of an Order enjoining him from violating Section 10(b) of the
   Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5
   thereunder and ordering him to pay a civil penalty of $20,000.

   In a related action, the Commission today issued a cease-and-desist
   order against iBIZ from committing or causing any violation or any
   future violations of Section 10(b) of the Exchange Act and Rule 10b-5
   thereunder. iBIZ consented to the cease-and-desist order without
   admitting or denying any of the Commission's findings. For more
   information, see Release No. 34-44022.

   This action is brought as part of the SEC's Fifth Internet Fraud
   Sweep. For tips on how to avoid Internet investment schemes, visit .
   For more information about Internet fraud, visit . To report
   suspicious activity involving possible Internet fraud, visit . For a