UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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 reported event):  September 2, 2003


                      Internet Business International, Inc.
             (Exact name of registrant as specified in its charter)


             Nevada                   0-20259                    33-0845463
(State  or  other  jurisdiction     (Commission                 (IRS Employer
      of  incorporation)           File  Number)            Identification  No.)


                      2250 E. Tropicana Ave., Suite 19-309
                             Las Vegas, Nevada 89119

               (Address of principal executive offices)  (Zip Code)

                                 (702) 588-2387
               Registrant's telephone number, including area code

                                      None
          (Former name or former address, if changed since last report)

ITEM  5.  OTHER  INFORMATION.

On  July 28, 2000, Internet Business International, Inc. (the "Company") entered
into an agreement to sell 370,000 shares of PMCC common stock it had acquired on
or  about  July  27, 2000 from Ronald Friedman et al. pursuant to the terms of a
Stock  Purchase  Agreement.

In December 31, 2000, the Company received payments in the amount of $559,812.00
towards the purchase of the PMCC common stock and the Company released a portion
of  the  shares  of  PMCC  common  stock  (approximately  149,283  shares).




The  Company  has  agreed to reacquire the 149,283 shares previously sold to the
investor.  The  agreement  provides  for  the  issuance of 560,000 shares of DCM
Enterprises ("DCME") common stock in addition to 40,000,000 shares of restricted
common stock the Company. The agreement also allows the Company to purchase from
the  investor  200,000  shares  of  the  560,0000  shares of DCME based upon the
following  terms  per  quarter;  40,000  shares of DCME for 40,000,000 shares of
restricted  common  stock of the Company. This agreement to purchase the 200,000
shares  of  DCME  is  only  in effect until such time that DCME becomes trading.

ITEM  7.  FINANCIAL  STATEMENTS  AND  EXHIBITS

(c)     Exhibits

No  exhibits  have been filed with this Form 8-K as the Company does not believe
that  such exhibits would contain information material to an investment decision
that  is not otherwise disclosed. The Company hereby agrees to furnish a copy of
any  omitted  exhibit to this Form 8-K to the Securities and Exchange Commission
upon  its  request.


                                    SIGNATURE

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.

                                        INTERNET  BUSINESS  INTERNATIONAL,  INC.


Date:  September  4,  2003              By:  /s/Albert  R.  Reda
                                        Albert  R.  Reda
                                        Chief  Executive  Officer