MONTREAL, QUEBEC -- (MARKET WIRE) -- November 17, 2006 -- IBEX Technologies Inc. (TSX: IBT) announces that Miraculins Inc. of Winnipeg, Manitoba (TSX VENTURE: MOM) has issued a press release announcing its intention to make an unsolicited offer for all of IBEX’s outstanding common shares. According to the press release, Miraculins proposes that the two companies be combined, with current IBEX shareholders owning 23% of the combined company. IBEX shareholders would receive one share of Miraculins (as the combined company) for every five shares of IBEX that they currently own.
