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PRESS RELEASE

IBT Enterprises Announces Merger with Design Build Concepts

Company First to Provide Complete Continuum of Solutions for Financial Services Industry

ATLANTA, Aug. 10 /PRNewswire/ -- In a bold move that creates the most comprehensive design, construction and consulting offering in the financial services industry, IBT Enterprises and Design Build Concepts (DBC) have merged capabilities.

The unified company offers a complete continuum of solutions to the financial services industry. From ground-up and in-store construction to storefront design and branch consulting services, together the companies will appeal to a broader client base.

The joining of IBT, a leader in design, construction and consulting for financial services and specialty retail, and DBC, an Atlanta-based design/build firm specializing in financial facilities, creates an organization with a combined heritage and professional experience of nearly 50 years.

"The merger of capabilities of two strong companies will help us realize our goal of being the leader in all aspects of the financial services design and construction market," said Mylle Mangum, CEO of IBT Enterprises. "Our clients have consistently been looking for a company to provide the full spectrum of design, construction and consulting products for all types of branch formats and this merger provides just that service."

With its proven processes for ground-up design and construction, DBC will remain the center of integrated, ground-up design-build services for financial facilities. IBT will continue to specialize in storefront and in-store design/build services and business consulting for financial and specialty retail facilities.

The companies' combined portfolio consists of more than 3,700 design-build projects ranging from new main offices, branch offices and operations centers, to in-store and storefront design, merchandising, and construction, as well as specialty retail.

"Both organizations share a mutual commitment to quality, innovation and exceeding customer expectations," said Jim Givan, President of DBC. "In addition to providing unparalleled services and expertise to the financial services industry, the merger offers all employees a chance to grow and be part of an exciting future."

The IBT and DBC offices will remain at their current locations in Atlanta. From a corporate structure perspective, DBC will be integrated under IBT Holdings, which also includes IBT Enterprises, LLC and International Banking Technologies, a real estate licensing division. Jim Givan will remain President of DBC. Mylle Mangum will remain Chairman and CEO of IBT Holdings as well as CEO of IBT Enterprises, LLC.

"The secret sauce of all great deals includes a strong support team," added Mangum. "We were fortunate to work with a talented team including Burr & Forman LLP, Troutman Sanders LLP, Stephens Inc., Habif, Arogeti & Wynne LLP and Wachovia Bank."

About IBT Enterprises

IBT is a leading source of forward-thinking designs and ideas in the arena of financial services and specialty retail. Over its 23-year history, the company has consulted to more than 190 retail and 550 financial services clients on the development of thousands of workspaces. IBT offers a comprehensive range of integrated services, including retail distribution strategy, market research, space planning, design and construction, performance training and coaching. IBT is a certified Women Owned Business Enterprise and a member of the U.S. Green Building Council. For more information about IBT visit www.ibtenterprises.com.

About Design Build Concepts

Design Build Concepts of Atlanta, Georgia provides comprehensive architecture, interior design and full-time, on-site construction management services to financial institutions throughout the Southeast. With an unsurpassed commitment to quality, integrity and an open-book process, DBC has earned 60 to 80 percent repeat business annually while successfully completing more than 650 financial facility programs since 1975. For more information on DBC visit www.designbuildconcepts.com.

  Media Contact
  For IBT:
  Brian Boudreaux
  Arketi Group
   x211
  

Source: IBT Enterprises

CONTACT: Brian Boudreaux, of Arketi Group for IBT Enterprises,
x211,

Web site: http://www.ibtenterprises.com/
http://www.designbuildconcepts.com/

 

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