DEERFIELD BEACH, FL April 4, 2003 - With the deadline for the most hotly debated portion of the Health Insurance Portability and Accountability Act quickly approaching, iBX Group, Inc., (OTC Bulletin Board: IBXG), is experiencing a dramatic upsurge in demand for services offered by its MediCompliant? Solutions division, a healthcare legal services organization specializing in HIPAA and Medicare compliance.

IBX, specializing in financial, administrative and technology services for the healthcare industry, increases revenue projections for MediCompliant? Solutions to exceed $1.5 million during 2003. This increase combined with several new contracts completed recently in a variety of medical practices, as well as a strong plan for all of iBX's divisions, will result in a positive adjustment in the company's revenue projections. iBX projects MediCompliant? Solutions will achieve profitability by the third quarter of 2003.

"By implementing a much targeted sales and marketing plan, we were able to promote MediCompliant? Solutions to healthcare providers most in need of compliance services," said Evan R. Brovenick, President and CEO of iBX. "With several critical HIPAA deadlines on the horizon, this division is poised for explosive growth during the next few years."

By April 14, 2003, all healthcare organizations must enact strict privacy provisions that protect the integrity of so-called Protected Health Information, including patients' names, addresses, social security numbers and other identifying information; standardize certain designated forms and coding for electronic billing; create written disclosure forms and related paperwork that protect patient confidentiality; formulate written policies and procedures governing privacy; and provide training for all staff members, including physicians, on privacy policies and procedures. Failure to meet these new standards can result in severe financial penalties and even criminal sanctions.

"After years of targeting large hospital chains and HMOs, government regulators are beginning to pursue small medical practices, and even individual physicians and surgeons," Brovenick said. "Small practices don't have the luxury of entire departments devoted to ensuring compliance, so more and more of them are relying on outside firms like MediCompliant? Solutions to help them avoid costly and time-consuming government investigations."

In the coming years, HIPAA also will require security regulations governing access to Protected Health Information and electronic storage systems; disaster recovery and contingency planning; specific technical requirements to protect electronic data; and the appointment of a Security Officer and Privacy Officer at every medical practice. Conforming to these new regulations will cost the private and public sectors an estimated $22 billion, according to the government's own estimates.

Since its establishment as a public company last year, iBX has aggressively pursued transactions in the most profitable sectors of the healthcare industry. The company recently announced that its Florida HealthSource? physical therapy and occupational medicine division is in the process of finalizing a major acquisition that will propel the growing network of clinics toward critical mass within that industry segment.

Based in Deerfield Beach, Florida, iBX Group Inc. develops and deploys creative, cost-effective methods for integrating financial, administrative and information services for the healthcare industry. iBX is a results-oriented company, consisting of five divisions ­ iBX Technologies, which enables healthcare organizations to maximize their accounts receivables; Florida HealthSource?, a network of physical therapy and wellness centers; MediCompliant? Solutions, which ensures medical practices' compliance with today's complex legal requirements; iBX Transcription Services, which offers physicians quick turn-around and Web-accessible progress reports; NursesSTAT?, a revolutionary temporary staffing solution; SportshealthNet?.com and TheNetDigest?.com, interactive Web portals providing patients with comprehensive healthcare information and advice, and increasing physician referrals.

This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. This release contains certain "forward-looking statements and information" (as defined in the Private Securities Litigation Reform Act of 1995) concerning iBX Group, Inc. that are based on the beliefs of iBX Group, Inc.'s management, as well as assumptions made by and information currently available to iBX Group, Inc. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in iBX's filings with the Securities and Exchange Commission.