U.S. 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

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

~~January~~February 272, 2009

IBSG INTERNATIONAL, INC.

(Exact name of registrant as specified in this charter)

Florida

000-029587

65-0705328

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)


1132 Celebration Blvd., Celebration, FL		34747
*(Address of Principal Executive Offices)*		*(Zip Code)*

Registrant’s Telephone Number, including area code: (321) 939-6321

NOT APPLICABLE

(Former Name or Former Address, if Changes Since Last Report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions):

¨	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-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 48.0201 ~~Non-reliance~~Other ~~on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review~~Events.

AsIn ~~previously~~part ~~reported,~~of onits ~~January 8~~continuing investigation, ~~2009,~~ the Company ~~commenced~~has anlearned ~~investigation~~ of numerous ~~issues~~litigation matters, including ~~the~~at ~~amount~~least ofone ~~the~~matter ~~Company’s cash~~that onhas ~~hand~~resulted ~~and~~in ~~other~~a ~~assets reported~~judgment. The Company has ~~learned~~previously ~~that~~defended ~~there~~these isnumerous amatters, ~~material~~but ~~difference~~will ~~between~~be ~~previously~~unable ~~expressed~~to ~~cash~~continue onto ~~hand~~defend, ~~and~~which ~~the~~will most ~~actual~~likely ~~cash~~result ~~on hand reported~~ in ~~the~~additional ~~previously issued 2008 financial statements~~judgments.

AsIn ~~a result of~~ the ~~above~~Ninth ~~and~~Judicial ~~related~~Circuit, ~~significant~~Osceola ~~uncertainties~~County, ~~the~~Florida, ~~Board~~Plaintiff ofTasier ~~Directors~~Nanocap ~~together~~Value ~~with~~Fund, LP ~~current~~has ~~executive~~received ~~officers~~a ofjudgment ~~the~~against ~~Company~~IBSG ~~determined on January 27~~International, ~~2009~~Inc. ~~that~~in the ~~Company’s~~amount ~~previously~~of ~~issued~~$681,000 ~~2008~~(Case ~~financial statements should not be relied upon and are inaccurate at this time~~No. ~~After~~CI ~~further~~07 ~~investigation,~~CI ~~the Company intends to restate these financial statements based on the findings of its investigation~~4856). ~~The~~Tasier ~~Company~~Nanocap isValue ~~still in the early stages of its internal investigation~~Fund, ~~but~~LP has ~~found~~initiated ~~material~~collection ~~inconsistencies~~efforts, asincluding ~~stated~~garnishment ~~above~~against ~~and in~~ the ~~process of the investigation the~~ Company’s ~~may~~bank ~~discover~~accounts ~~additional~~and ~~information~~post ~~that~~judgment ~~will~~discovery. ~~raise~~The ~~other issues or cause the~~ Company todoes ~~conclude~~not ~~that~~have ~~financial~~enough ~~statements~~cash ~~for~~on ~~other~~hand ~~prior periods may also need~~ to besatisfy ~~restated~~this judgment.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

None.

SIGNATURES

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

~~IBSG INTERNATIONAL, INC.~~		IBSG INTERNATIONAL, INC.
Date: January 27, 2009	By:	/s/ Jim Queen
Date: February 2, 2009		By	/s/ Jim Queen
		~~Jim Queen, CEO~~	Jim Queen, CEO

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