IBEX Technologies Listing Update

MONTREAL, QUEBEC--(Marketwire - January 07, 2008) - IBEX Technologies Inc. (TSX: IBT) announced today that it has been informed by the Toronto Stock Exchange that IBEX no longer meets the minimum listing requirements of the TSX, and as such, its common shares will be suspended from trading and delisted from such exchange on or about February 22, 2008. This action stems from the fact that in recent months IBEX’s market capitalization has fallen below the minimum value required by the TSX.