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Press release from CNW Group


Wednesday, March 23, 2011

IBI GROUP INC. QUARTERLY REVENUE INFORMATION11:50 EDT Wednesday, March 23, 2011TORONTO, March 23 /CNW/ - IBI Group Inc. (the "Company") (TSX: IBG) is pleased to provide the following information on a quarterly basis with respect to the impact of foreign exchange rates on net revenue.  The financial statements and Management's Discussion and Analysis for the year ended December 31, 2010 for IBI Income Fund, issued on March 21, 2011, provided all required information, and included a summary of the impact of foreign exchange rates on net revenue for both the three months and year ended December 31, 2010.  In the earnings conference call held on March 21, an analyst requested information on a quarterly basis with respect to the impact on revenue in Canadian currency resulting from the rise in the relative value of the Canadian dollar.  While not required, for convenience the Company is pleased to provide this additional information, by way of news release in order that all investors have equal access to it.Revenue AnalysisQuarterlyQ1Q2Q3Q42010     68,075        69,790         76,770       75,763200965,66471,03268,78368,194Year over year change2,411(1,242)7,9877,569Strategic7,7778,82310,6918,906Organic(638)(6,424)(528)(69)Impact of FX(4,728)(3,641)(2,176)(1,268) 2,411  (1,242)     7,9877,569Cumulative     Q1       Q2         Q3       Q42010     68,075     137,865        214,635     290,398200965,664136,696205,479273,673Year over year change2,4111,1699,15616,725Strategic7,77716,60027,29136,196Organic(638)(7,062)(7,590)(7,658)Impact of FX(4,728)(8,369)(10,545)(11,813) 2,4111,1699,15616,725About IBI GROUP INC. AND IBI GROUPIBI Group Inc. is a TSX listed company, which pays monthly dividends and trades under the symbol "IBG".  IBI Group Inc. holds an indirect 72% interest in IBI Group, a partnership (of a subsidiary of IBI Group Inc. and IBI Group Management Partnership) which, directly and through its subsidiary entities, provides professional services, including planning, design, implementation, analysis of operations and other consulting services in relation to four main areas of development, being urban land, building facilities, transportation networks and systems technology.  The remaining 28% of IBI Group is owned by IBI Group Management Partnership, which receives distributions from IBI Group on a before tax basis equivalent to the distributions paid by IBI Group Inc. on its common shares.  On a partially diluted basis, assuming the exchange of its partnership units of IBI Group for common shares of IBI Group Inc., IBI Group Management Partnership together with affiliated entities holds a combined 46% interest in IBI Group Inc.For further information: Allan Kamerman IBI Group Inc. 230 Richmond Street West, 5th Floor Toronto, ON M5V 1V6 Tel: 416-596-1930, Fax: 416-596-8024