Date: Sept. 27, 2007

International Building Technologies Group, Inc.

Has Reduces Cost on Stock Purchase, a $1M Notes Payable is rescinded for INBG

Alameda, CA, International Building Technologies Group, Inc. (OTCBB:INBG), has  amended an existing contract to reduce cost on stock purchase by rescinding a $1 Million notes payable to the Seller on Thursday, Sept. 27, 2007.

On May 2, 2007 International Building Technologies Group, Inc. entered into a Stock Sales and Purchase Agreement with Axia Group, Inc., for the sum of 20,000,000 restricted common shares in INGB and a $1 Million notes payable.  INBG and Axia have renegotiated and agreed to amend the agreement to rescind the $1 Million notes from such Agreement.

“The amendment is mutually agreed, reflecting the interest of both parties and the adjustment is made in order to part fairness to this transaction. By amending the agreement the $1 million debt is reduced from our balance sheet”, stated Kenneth Yeung, President of INBG.