PBX Not Proceeding With Previous Financing Second Tranche

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AGORACOM-JEFFC

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PBX Not Proceeding With Previous Financing Second Tranche

posted on Apr 17, 2012 07:08AM

(via Thenewswire.ca)

April 17, 2012

VANCOUVER, B.C.- International PBX Ventures Ltd. (the "Company") (TSX.V:PBX) announces that is not proceeding with the second tranche of a non brokered private placement announced in its February 17, 2012 news release.

ON BEHALF OF THE BOARD OF DIRECTORS OF

INTERNATIONAL PBX VENTURES LTD.

"George Sookochoff"

George Sookochoff, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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