INBG Mit Mega Potential auf zum Höhenflug!

International Building Technologies Group, Inc. (OTCBB:INBG)  announced        today that it has signed Letter of Intent to merge with FHH Sino  New        Energies Co.,  Ltd., a Chinese company (“FHH Sino”) located in Weihai,        Shandong Province of China. FHH Sino is a petroleum storage  company that        offers petroleum storage tanks and facilities for rental to the        petroleum importer/exporter companies in China. FHH Sino has made a  good        faith deposit of USD 230,000 with INBG to execute the signed  Letter of        Intent.

According to recent appraisal prepared by an accounting firm in        accordance with China accounting standards, FHH Sino has net  assets        worth RMB 370 million (approx. USD 54 million) and will generate  annual        revenues of RMB 100 million (approx. USD 14 million) after its        completion of construction of Phase I and execution of signed  rental        contracts business in  early 2011.

Stated Kenneth Yeung, CEO of INBG, “INBG intends to merge with FHH  Sino        by exchanging INBG’s common stock with FHH  Sino’s holding or subsidiary        company. This merger will give INBG the opportunity to switch its  nature        of business into the energy sector, the ability to generate  revenue and        profit once the FHH Sino commences its operation in early 2011,  thus        benefits our shareholders in the near future. FHH Sino is  currently in        construction of its Phase I with petroleum storage capacity of  320,000        m3 (or approx. 11,300,000 cubic feet) and has completed all the        foundation and infrastructure for its 8 storage tanks. This        infrastructure includes the supporting facilities and pipeline        connecting to the harbor, which is just 600 meters away from the  storage        facilities. Strategically, this merger will strongly support  INBG’s        ability to connect with the energy market,  the potential investors and        strategic partners who are interested in participating to the  energy        sector in the most booming economic of the world, China, and  throughout        the world .”

About FFH Sino: FHH Sino New Energies Co., Ltd. is a petroleum  storage        company located in Weihai, a coastal city in Shandong Province of  China.        The company provides petroleum storage tanks for rental to  petroleum        companies such as Sinochem and Sino-Petro, as well as being  engaged in        the business of local fuel oil distribution. It has its approved  Phase        II planned with the additional storage tanks of 450,000 m3. FHH  Sino        will be one of the key players in the  fuel storage facilities companies        for the northern coastal cities of China after the completion of  both        Phases.

An 8-K along with a copy of the signed and executed LOI specifying  all        the terms and conditions of the transaction will be filed with the  SEC        shortly.

This news release may include forward-looking statements within  the        meaning of section 27A of the United States Securities Act of  1933, as        amended, and section 21E of the United States Securities and  Exchange        Act of 1934, as amended, with respect to achieving corporate  objectives,        developing additional project interests, the company’s analysis of         opportunities in the acquisition and development of various  project        interests and certain other matters. These statements are made  under the        “Safe Harbor” provisions of the United States Private Securities        Litigation Reform Act of 1995 and involve risks and uncertainties  which        could cause actual results to differ materially from those in the        forward-looking statements contained herein.

SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 27, 2010

INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.
 (Exact name of registrant as specified in its charter)

17800 Castleton Street, Suite 638, City of Industry, California 91748
(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (626) 581-8500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any  of the following provisions (see General Instruction A.2., below):

[ ] Written communications pursuant to Rule 425 under the Securities Act  (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act  (17 CFR 240.14a-120

[ ] Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communication pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.133-4(c))

ITEM 8.01 OTHER EVENTS.

On May 25, 2010, the Company signed a non-binding Letter of Intent to  merge with FHH Sino New Energies Co., Ltd., a Chinese company ("FHH Sino")  located in Weihai, Shandong Province of China. FHH Sino is a petroleum storage  company that offers petroleum storage tanks and facilities for rental to the  petroleum importers/exporters in Weihai, a coastal city in Shandong Province of  Northern China.

According to a recent appraisal prepared by an accounting firm in accordance with China accounting standards, the Chinese company has net  assets worth RMB 370 million (approximately US $54,000,000) and will generate  annual revenues of RMB 100 million (approximately US $14, 000,000) after its  completion of construction of Phase I and execution of rental contracts business in  early 2011.

FHH Sino is currently in construction of its Phase I and has completed  all the foundation and infrastructure for its 8 storage tanks. This  infrastructure includes the supporting facilities and pipeline connecting to the  harbor, which is just 600 meters away from the storage facilities.

FHH Sino provides petroleum storage tanks for rental  to petroleum companies such as Sinochem and Sino-Petro, as well as being engaged in the  business of local fuel oil distribution. FHH Sino has its Phase II planned and has  received official approval from the Chinese authorities for additional storage  tanks of 450,000 m3 and expects to commence construction of Phase II in late  2011.

The Company and FHH Sino are working together  on the related merger agreements and auditors have been engaged to commence an audit of FHH  Sino in preparation for the merger.

The Letter of Intent is subject to (i) the execution of a mutually acceptable definitive merger or exchange agreements: (ii) there being no material adverse change in the financial condition, business or  prospects of the Company prior to closing; (iii) final investment committee approval;  (iv) local government and regulatory approvals; (v) extension of existing  employment contracts for the Company's management; and (vi) and a guarantee of  buy-back or exchange of common stock  for preferred stock (not to exceed U.S. $2,300,000) currently held my the Company's officers or investors.

Upon signing of the Letter of Intent on May 27, 2010 (effective date),  FHH Sino made a U.S. $230,000 good faith deposit with the Company.

A copy of our press release on this matter is attached hereto as Exhibit 99.1 and incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

10.1 Letter of Intent dated May 27, 2010, by and between International Building Technologies Group, Inc and FHH Sino New Energies Co., Ltd..

99.1 Press Release dated June 2, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its  behalf by the undersigned hereunto duly authorized.

DATED: June 2, 2010

INTERNATIONAL BUILDING TECHNOLOGIES GROUP, INC.

EXHIBIT INDEX

The full report is available at: www.microstockprofit.com/lp/INBG

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