The WSH&MA has been an advocate for the Washington state lodging industry for the past 80 years, and plans to offer to its 350 members (which represents more than 27,000 lodging rooms) and its 100 allied members the opportunity to reduce the cost of purchasing products and services with the GGPP (reverse buyers auction) program. 

As stated in a recent AH&MA news release, �members spent in excess of $4 billion annually on products and services to operate their businesses�.
�I believe that the WSH&MA members will benefit from this plan,� stated Marc Schechtman, president of the Global Group Purchase Plan, �and will see immediate time and cost savings.� �We are very excited about this opportunity and plan to make these auctions very successful for the participants,� concluded Schechtman.
 

Global Group Purchasing Program is a reverse auction system. Reverse auctions are a kind of backward auctions that  force suppliers into bidding to sell everything from electricity to xylene. An auction starts slowly, then continues and ends in a rush where suppliers try to underbid each other.

IBUI�s 12 operating subsidiaries and divisions, with seven offices in the United States and two in Europe, which includes the recently acquired International Business Co., a B2B applications company, (www.ibccorp.com) and employs more than 85 people in the United States and Europe, which are Web-based businesses which includes a provider of nationwide Internet access (www.lainet.com) and high-speed wireless Internet access with DSL and Wireless connections (www.beyonDSL.com).

IBUI is also a major shareholder in PMCC (AMEX:PFC).

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Acts of 1933 and Rule 3b-6 Under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules.