Document:

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                                                                     EXHIBIT 4.1

                          Generation Capital Associates
                              1085 Riverside Trace
                                Atlanta, GA 30328
                        Tel 404/303-8450 Fax 404/257-9125

                 Integrated Business Systems and Services, Inc.
                              1601 Shop Road, Ste E
                              Columbia, S.C. 29201
                        Tel 803/736-5595 Fax 803/736-7735

                          Securities Purchase Agreement

1. Amount of Financing     $250,000 (Purchase Amount).

2. Purchaser(s)            Generation Capital Associates (GCA) and other
                           accredited investors (collectively Purchaser(s)), and
                           their transferees and assigns (Holder(s)).

3. Securities - Units      312,500 Units (Units) each unit consisting of 4
                           shares of Integrated Business Systems, Inc. (IBSS)
                           Convertible Preferred Stock (IBSS Preferred Stock)
                           and 3 warrants (IBSS Warrants). One share of IBSS
                           Preferred Stock is convertible into one share of IBSS
                           common stock. One IBSS Warrant is exercisable into
                           one share of IBSS Common Stock. The per unit purchase
                           price (Unit Purchase Price) shall be $0.80

   Preferred Stock         The IBSS Preferred Stock shall have a liquidation
                           value of $0.20 per share, an initial annual 8 %
                           dividend, payable quarterly, shall be non-voting,
                           shall be non-redeemable, and shall contain customary
                           anti-dilution provisions, which shall not apply to
                           the conversion and/or exercise of any convertible
                           instruments, options or warrants outstanding on the
                           Execution Date, or securities issued pursuant to any
                           stock option plans in effect as of the Closing Date.
                           The IBSS Preferred Stock shall be convertible into
                           IBSS common stock (IBSS Conversion Shares). If the
                           IBSS Conversion Shares have not been registered for
                           resale with a current prospectus available on or
                           before 90 days from the Closing Date (as defined in
                           Section 10 (c)) the dividend shall be increased to
                           twenty-five per cent (25%) per year effective on such
                           date until such registration is effective with a
                           current prospectus available, at which time the
                           dividend rate shall be reduced to 2 % per year.

   Warrants                The strike price of the IBSS Warrants shall be $.40
                           per share. The IBSS Warrants shall be exercisable for
                           five years commencing from the Closing Date (as
                           defined in Section 10(c)) and shall contain customary
                           anti-dilution provisions, which shall not apply to
                           the conversion and/or exercise of any convertible
                           instruments, options or warrants outstanding on the
                           Execution Date, or securities issued pursuant to any
                           stock option plans in effect as of the Closing Date.
                           The IBSS Warrants shall be exercisable for cash;
                           provided however, commencing one year from the
                           Execution Date, the IBSS Warrants shall be "cashless
                           exercise," at the option of the Holder(s), unless the
                           underlying shares (IBSS Warrants Shares) may be sold
                           without restriction pursuant to an effective
                           registration statement with current prospectus
                           available.

4. Document                IBSS shall pay to GCA a document preparation fee of
                           $1,000.00 in the form of

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Preparation Fee            62,500 IBSS Warrants (IBSS Document Preparation
                           Warrants). The IBSS common stock issuable upon
                           exercise of the IBSS Document Preparation Warrants is
                           the IBSS Document Preparation Warrants Shares.

5. Limitations             No Purchaser(s) or Holder(s) of IBSS Preferred Stock,
                           IBSS Warrants, or IBSS Document Preparation Warrants
                           shall be permitted to convert IBSS Preferred Stock
                           into IBSS common stock and/or to exercise any IBSS
                           Warrants or IBSS Document Preparation Warrants to the
                           extent that, after giving effect to such conversion
                           and/or exercise, any such Purchasers(s) or Holder(s)
                           would be the beneficial owner of more than 5% of the
                           then outstanding IBSS common stock. This limitation
                           shall not be deemed to prevent any Purchaser(s) or
                           Holder(s) from acquiring an aggregate of more than 5%
                           of IBSS common stock resulting from such conversion
                           or exercise, so long as such Purchaser(s) or
                           Holder(s) does not own more than 5% at any given
                           time.

6. Registration            IBSS shall file a registration statement (GCA
                           Registration Statement) for the resale of all of the
                           securities issued pursuant to this Agreement within
                           thirty (30) days following the Closing Date; and it
                           shall use its best efforts to cause the GCA
                           Registration Statement to become effective as soon
                           thereafter as possible. If the GCA Registration
                           Statement is not filed within thirty (30) days of the
                           Closing Date (as defined in Section 10(c)) and/or is
                           not effective within one hundred twenty (120) days
                           following the Closing Date with a current prospectus
                           available, the exercise price of the IBSS Warrants
                           and the IBSS Document Preparation Warrants shall be
                           reduced by $0.05 for the first month or part thereof
                           of such late filing and/or late effectiveness and
                           $0.03 for each month or part thereof thereafter, but
                           shall not be less than $0.05 per share; furthermore,
                           IBSS shall issue additional shares of its common
                           stock (Additional Shares) equal to 2% of each
                           Holder(s)' number of shares of IBSS Preferred Stock
                           for each such month or part thereof. These Additional
                           Shares shall be registered in the GCA Registration
                           Statement.

7. Escrow                  David A. Rapaport, General Counsel of GCA, shall act
                           as Escrow Agent for the Purchase Amount, the IBSS
                           Preferred Stock, the IBSS Conversion Shares, the IBSS
                           Warrants, the IBSS Document Preparation Warrants, the
                           IBSS Warrants Shares, the IBSS Document Preparation
                           Warrants Shares, and the Additional Shares. The
                           address of the Escrow Agent is 333 Sandy Springs
                           Circle, Suite 230, Atlanta, GA 30328 (Tel
                           404/257-9150, Fax 404/257-9125).

8. Accuracy of IBSS        IBSS represents and warrants that its filings
SEC Filings                with the SEC in the last two years are true and
                           complete and do not omit any material information
                           or fail to include any information which is necessary
                           to make the information set forth therein not
                           misleading.

9. Execution Date.         This Agreement shall not be valid unless GCA and
                           Escrow Agent have received a facsimile copy of the
                           Agreement signed by IBSS by November 21, 2003 and
                           have each in turn signed the Agreement within two
                           business days of such receipt. The date on which the
                           last signature is affixed shall be the "Execution
                           Date."

10. Closing Schedule       (a) Within five business days following the Execution
                           Date, Purchaser(s) shall deposit the Purchase Amount
                           in good funds with Escrow Agent.

                           (b) Within five business days following the Execution
                           Date, IBSS shall deposit the

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                           following items with Escrow Agent (IBSS Escrow
                           Deposit Items):

                                    (i) certificates for 1,250,000 shares of
                           IBSS Preferred Stock, as a deposit for delivery to
                           Purchaser(s) and/or Holder(s) of the IBSS Preferred
                           Stock (Escrow Preferred Shares), registered in the
                           name of Purchaser(s).

                                    (ii) 937,500 executed IBSS Warrants,
                           registered in the name of Purchaser(s); 62,500
                           executed IBSS Document Preparation Warrants,
                           registered in the name of GCA.

                                    (iii) certificate(s) for 1,250,000 shares of
                           IBSS common stock as a deposit for delivery of the
                           IBSS Conversion Shares (Escrow Conversion Shares) to
                           Holder(s) upon conversion of the IBSS Preferred
                           Stock, registered in the name of Escrow Agent.

                                    (iv) certificate(s) for 1,000,000 shares of
                           IBSS common stock as a deposit for delivery of the
                           937,500 IBSS Warrants Shares to Holder(s) upon
                           exercise of the IBSS Warrants; and for delivery of
                           the 62,500 IBSS Document Preparation Warrants Shares
                           to GCA upon exercise of the Document Preparation
                           Warrants. The IBSS Warrants Shares and the IBSS
                           Document Preparation Warrants Shares (Escrow Warrants
                           Shares) shall be registered in the name of Escrow
                           Agent.

                                    (v) certificates for 525,000 shares of IBSS
                           common stock as a deposit for delivery to Holder(s)
                           of any Additional Shares which shall be registered in
                           the name of Escrow Agent.

                           (c) Within two business days of the receipt of the
                           Purchase Amount from Purchaser(s) and the IBSS Escrow
                           Deposit Items from IBSS, Escrow Agent shall deliver:
                           the Purchase Amount to IBSS; the IBSS Preferred
                           Shares and the IBSS Warrants to Purchaser(s); the
                           IBSS Document Preparation Warrants to GCA. The date
                           upon which the Escrow Agent wires the Purchase Amount
                           to IBSS is the Closing Date.

                           (d) Upon conversion of any IBSS Preferred Shares, the
                           Escrow Agent shall deliver the appropriate number of
                           Escrow Conversion Shares to the converting person,
                           and shall deliver the certificates for the cancelled
                           IBSS Preferred Shares to IBSS.

                           (e) Upon exercise of any IBSS Warrants and/or any
                           IBSS Document Preparation Warrants, the Escrow Agent
                           shall deliver the appropriate number of Escrow
                           Warrant Shares to the exercising person. Within five
                           business days following the expiration of the IBSS
                           Warrants, the IBSS Document Preparation Warrants and
                           the IBSS Placement Agent Warrants, Escrow Agent shall
                           return to IBSS any excess Escrow Warrants Shares.

                           (f) As soon as reasonably practicable after the
                           earlier of (i) twenty-four (24) months from the
                           Closing Date, or (ii) the effective date of the GCA
                           Registration Statement, the Escrow Agent shall return
                           to IBSS any remaining Additional Shares.

                           (g) On the Closing Date the Purchaser(s) shall be
                           deemed to be the owner(s) of the IBSS Preferred
                           Shares and the IBSS Warrants, and GCA shall be deemed
                           the owner of the IBSS Document Preparation Warrants.

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11. Binding Agreement      and (a) The parties shall be legally bound by the
Choice of Law              above terms and shall execute such further documents
                           as may be required to implement the provisions of
                           this Agreement. Facsimile signatures shall be deemed
                           to be original signatures. This Agreement may be
                           signed in two or more counterparts.

                           (b) This Agreement shall be governed by and construed
                           and enforced in accordance with the internal laws of
                           the state of Georgia and applicable Federal laws
                           without regard to conflicts of laws, rules or
                           principles. IBSS consents to the personal
                           jurisdiction of any state or federal court located in
                           Fulton County, Georgia for any litigation arising out
                           of or in connection with this Agreement.

Integrated Business Systems, Inc.

By: /s/ George E. Mendenhall                      Date:    December 24, 2003
    --------------------------------                    -----------------------
    George E. Mendenhall, CEO

Generation Capital Associates

By: /s/ Fred A. Brasch                            Date:    December 24, 2003
    --------------------------------                    -----------------------
    Fred A. Brasch, CFO

Escrow Agent

/s/ David A. Rapaport                             Date:    December 24, 2003
------------------------------------                    -----------------------
    David A. Rapaport

                                        4<PAGE>

                                                                     EXHIBIT 4.2

                 INTEGRATED BUSINESS SYSTEMS AND SERVICES, INC.

                          COMMON STOCK PURCHASE WARRANT

December 30, 2003                                                        937,500

                                                               (No. of Warrants)

         FOR VALUE RECEIVED, Integrated Business Systems and Services, Inc.
("COMPANY"), hereby certifies that Generation Capital Associates, or a permitted
assign thereof, is entitled to purchase from the Company, at any time or from
time to time, commencing on the date hereof and prior to 5:00 P.M., New York
City time, on December 31, 2008, Nine Hundred Thirty-Seven Thousand Five Hundred
(937,500) fully paid and nonassessable shares of the common stock of the Company
for an aggregate purchase price of Three Hundred Seventy-five Thousand and
No/100 Dollars ($375,000.00) ("AGGREGATE WARRANT PRICE") (computed on the basis
of $0.40/share) ("PER SHARE WARRANT PRICE"). One Warrant shall be surrendered
for each share of Common Stock purchased hereunder. The Aggregate Warrant Price
is not subject to adjustment. The Per Share Warrant Price is subject to
adjustment as hereinafter provided in Sections 4 and 6. In the event of any such
adjustment, the number of IBSS Warrants Shares shall be adjusted by dividing the
Aggregate Warrant Price by the Per Share Warrant Price in effect immediately
after such adjustment.

         1.       DEFINITIONS. As used herein, the terms below shall have their
respective meaning as follows:

                  A.       "AGGREGATE WARRANT PRICE" shall have the meaning set
                  forth in the recitals above.

                  B.       "BLOOMBERG" shall mean the Bloomberg Quotation
                  System.

                  C.       "BOARD" shall mean the Board of Directors of the
                  Company.

                  D.       "COMMON STOCK" shall mean common stock issued by the
                  Company.

                  E.       "HOLDER" or "HOLDERS" shall mean the holder of this
                  Warrant.

                  F.       "IBSS REGISTRATION STATEMENT" shall have the meaning
                  set forth in Section 6 below.

                  G.       "IBSS WARRANTS SHARES" shall mean the shares of the
                  Common Stock purchasable or convertible hereunder or under any
                  other Warrant (as hereinafter defined).

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                  H.       "PER SHARE WARRANT PRICE" shall have the meaning set
                  forth in the recitals above.

                  I.       "SPECIAL DIVIDEND" shall have the meaning set forth
                  in Section 4(a) below.

                  J.       "WARRANT" or "WARRANTS" shall mean this Warrant, all
                  identical warrants (if any) issued on the date hereof and all
                  warrants hereafter issued in exchange or substitution for this
                  Warrant.

         2.       EXERCISE OF WARRANT

                  (a)      Exercise for Cash. This Warrant may be exercised, in
whole at any time or in part from time to time, commencing on the date hereof
and prior to 5:00 P.M., New York City time, on the fifth anniversary of the date
hereof, by the Holder by the surrender of this Warrant (with the subscription
form at the end hereof duly executed) at the address set forth in Section 10
hereof, together with proper payment of the Aggregate Warrant Price, or the
proportionate part thereof if this Warrant is exercised in part. Payment for
IBSS Warrants Shares shall be made by bank wire or certified check payable to
the order of the Company. If this Warrant is exercised in part, this Warrant
must be exercised for a number of whole shares of the Common Stock, and the
Holder is entitled to receive a new Warrant covering the IBSS Warrants Shares
which have not been exercised and setting forth the proportionate part of the
Aggregate Warrant Price applicable to such IBSS Warrants Shares. Upon such
surrender of this Warrant the Company will (a) issue a certificate or
certificates in the name of the Holder for the largest number of whole shares of
the Common Stock to which the Holder shall be entitled and, if this Warrant is
exercised in whole, in lieu of any fractional share of the Common Stock to which
the Holder shall be entitled, pay to the Holder cash in an amount equal to the
fair value of such fractional share (determined in such reasonable manner as the
Board shall determine), and (b) deliver the other securities and properties
receivable upon the exercise of this Warrant, or the proportionate part thereof
if this Warrant is exercised in part, pursuant to the provisions of this
Warrant.

                  (b)      Cashless Exercise. If at any time the IBSS Warrants
Shares have not been registered for resale under the Securities Act of 1933, as
amended, with a current prospectus available, in lieu of exercising this Warrant
in the manner set forth in Subsection 2(a) above, the Warrant may be exercised
by surrender of the Warrant without payment of any other consideration,
commission or remuneration, by execution of the cashless exercise subscription
form (at the end hereof, duly executed). The number of shares to be issued in
exchange for the Warrant will be computed by (1) subtracting the Per Share
Warrant Price from the Bloomberg 4:00 P.M. closing bid price of the Common Stock
(or if there is no 4:00 P.M. closing bid price, the last closing bid price prior
to 4:00 P.M.) on the date of receipt of the cashless exercise subscription form
("Exercise Date Closing Bid Price"), and (2) multiplying that amount by the
number of shares being exercised pursuant to the Warrant, and (3) dividing the
product thereof by the Exercise Date Closing Bid Price

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                  (c)      Ownership Limitation. No Holders of Warrants shall be
permitted to exercise any Warrants to the extent that such exercise would cause
any Holder to be the beneficial owner of more than 5% of the then outstanding
Common Stock, at that given time. This limitation shall not be deemed to prevent
any Holder from acquiring an aggregate of more than 5% of the Common Stock, so
long as such Holder does not beneficially own more than 5% of the Common Stock,
at any given time.

         3.       RESERVATION OF IBSS WARRANTS SHARES. The Company agrees that,
prior to the expiration of this Warrant, the Company will at all times have
authorized and in reserve, and will keep available, solely for issuance or
delivery upon the exercise of this Warrant, the shares of the Common Stock and
other securities and properties as from time to time shall be receivable upon
the exercise of this Warrant, free and clear of all restrictions on sale or
transfer (except for applicable state or federal securities law restrictions)
and free and clear of all pre-emptive rights.

         4.       DILUTION ADJUSTMENTS.

                  (a)      Adjustment for Certain Additional Issuances. If, at
any time or from time to time after the date of this Warrant, the Company shall
issue or distribute (for no consideration) to the holders of shares of Common
Stock evidences of its indebtedness, any other securities of the Company or any
cash, property or other assets (excluding a subdivision, combination or
reclassification, or dividend or distribution payable in shares of Common Stock,
referred to in Subsection 4(b) below, and also excluding cash dividends or cash
distributions paid out of net profits legally available therefor if the full
amount thereof, together with the value of other dividends and distributions
made substantially concurrently therewith or pursuant to a plan which includes
payment thereof, is equivalent to not more than 5% of the Company's net worth)
(any such nonexcluded event being herein called a "SPECIAL DIVIDEND"), the Per
Share Warrant Price shall be adjusted by multiplying the Per Share Warrant Price
then in effect by a fraction, (i) the numerator of which shall be the then
current market price of the Common Stock (which market price shall be defined as
the Bloomberg 4:00 P.M. closing bid price of the Common Stock (or if there is no
4:00 P.M. closing bid price, the last closing bid price prior to 4:00 P.M.) on
the date the Company declares any Special Dividend ("SPECIAL DIVIDEND CLOSING
BID PRICE") less the fair market value (as determined by the Board)) of the
evidences of indebtedness, securities or property, or other assets issued or
distributed in such Special Dividend applicable to one share of Common Stock and
(ii) the denominator of which shall be the Special Dividend Closing Bid Price.
An adjustment made pursuant to this Subsection 4(a) shall become effective
immediately after the record date of any such Special Dividend.

                  (b)      Adjustment in Dividend, Distribution, Subdivision,
Recombination, or Reclassification. In case the Company shall hereafter (i) pay
a dividend or make a distribution on its capital stock in shares of Common
Stock, (ii) subdivide its outstanding shares of Common Stock into a greater
number of shares, (iii) combine its outstanding shares of Common Stock into a
smaller number of shares or (iv) issue by reclassification of its Common Stock
any shares of capital stock of the Company, the Per Share Warrant Price shall be
adjusted so that the Holder of any Warrant upon the exercise hereof shall be
entitled to receive the number of shares of

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Common Stock or other capital stock of the Company which he would have owned had
he exercised the warrants immediately prior thereto. An adjustment made pursuant
to this Subsection 4(b) shall become effective immediately after the record date
in the case of a dividend or distribution, and shall become effective
immediately after the effective date in the case of a subdivision, combination
or reclassification. If, as a result of an adjustment made pursuant to this
Subsection 4(b), the Holder of any Warrant thereafter surrendered for exercise
shall become entitled to receive shares of two or more classes of capital stock
or shares of Common Stock and other capital stock of the Company, the Board
(whose determination shall be described in a written notice to the Holder of any
Warrant promptly after such adjustment) shall determine the allocation of the
adjusted Per Share Warrant Price between or among shares of such classes or
capital stock or shares of Common Stock and other capital stock.

                  (c)      Adjustment In Event of Reorganization, Consolidation,
Merger, Sales of Assets, etc. In case of any capital reorganization or
reclassification, or any consolidation or merger to which the Company is a party
other than a merger or consolidation in which the Company is the continuing
corporation, or in case of any sale or conveyance to another entity of the
property of the Company as an entirety or substantially as an entirety, or in
the case of any statutory exchange of securities with another corporation
(including any exchange effected in connection with a merger of a third
corporation into the Company), the Holder of this Warrant shall have the right
thereafter to receive upon exercise of such Warrant into the kind and amount of
securities, cash or other property which he would have owned or have been
entitled to receive immediately after such reorganization, reclassification,
consolidation, merger, statutory exchange, sale or conveyance had this Warrant
been exercised immediately prior to the effective date of such reorganization,
consolidation, merger, statutory exchange, sale or conveyance and in any such
case, if necessary, appropriate adjustment shall be made in the application of
the provisions set forth in this Section 4 with respect to the rights and
interests thereafter of the Holder of this Warrant to the end that the
provisions set forth in this Section 4 shall thereafter correspondingly be made
applicable, as nearly as may reasonably be, in relation to any shares of stock
or other securities or be, in relation to any shares of stock or other
securities or property thereafter deliverable on the conversion of this Warrant.
The above provisions of this Subsection 4(c) shall similarly apply to successive
reorganizations, reclassifications, consolidations, mergers, statutory
exchanges, sales or conveyances. The issuer of any shares of stock or other
securities or property thereafter deliverable on the conversion of this Warrant
shall be responsible for all of the agreements and obligations of the Company
hereunder. Notice of any such reorganization, consolidation, merger, statutory
exchange, sale or conveyance shall be mailed to the Holders of the Warrants not
less than twenty (20) days prior to such event. A sale of all or substantially
all of the assets of the Company for a consideration consisting primarily of
securities shall be deemed a consolidation or merger for the foregoing purposes.

                  (d)      Limitations on Adjustment. No adjustment in the Per
Share Warrant Price shall be required unless such adjustment would require an
increase or decrease of at least $0.01 per share of Common Stock; provided,
however, that any adjustments which by reason of this Subsection 4(d) are not
required to be made shall be carried forward and taken into account in

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any subsequent adjustment; and provided, further, that adjustments shall be
required and made in accordance with the provisions of this Section 4 (other
than this Subsection 4(d)) not later than such time as may be required in order
to preserve the tax-free nature of a distribution to the Holder of this Warrant
or Common Stock issuable upon exercise hereof. All calculations under this
Section 4 shall be made to the nearest cent. Anything in this Section 4 to the
contrary notwithstanding, the Company shall be entitled to make such reductions
in the Per Share Warrant Price, in addition to those required by this Section 4,
as it in its discretion shall deem to be advisable in order that any stock
dividend, subdivision of shares or distribution of rights to purchase stock or
securities convertible or exchangeable for stock hereafter made by the Company
to its shareholders shall not be taxable.

                  (e)      Certificate from Chief Financial Officer. Whenever
the Per Share Warrant Price is adjusted as provided in this Section 4 and upon
any modification of the rights of a Holder of Warrants in accordance with this
Section 4, the Company shall promptly obtain, at its expense, a certificate of
the Company's chief financial officer setting forth the Per Share Warrant Price
and the number of IBSS Warrants Shares after such adjustment or the effect of
such modification, a brief statement of the facts requiring such adjustment or
modification and the manner of computing the same and cause copies of such
certificate to be mailed to the Holders of the Warrants.

                  (f)      Notice To Holder Upon Dividend. If the Board of the
Company shall declare any dividend or other distribution with respect to the
Common Stock, other than a cash distribution out of earned surplus, the Company
shall mail notice thereof to the Holders of the Warrants not less than twenty
(20) days prior to the record date fixed for determining shareholders entitled
to participate in such dividend or other distribution.

         5.       FULLY PAID STOCK, TAXES. The Company agrees that the shares of
the Common Stock represented by each and every certificate for IBSS Warrants
Shares delivered upon the exercise of this Warrant shall, at the time of such
delivery, be validly issued and outstanding, fully paid and nonassessable, and
not subject to pre-emptive rights, and the Company will take all such actions as
may be necessary to assure that the par value or stated value, if any, per share
of the Common Stock is at all times equal to or less than the then Per Share
Warrant Price. The Company further covenants and agrees that it will pay, when
due and payable, any and all Federal and state stamp, original issue, or similar
taxes which may be payable in respect of the issue of any Warrant Share or
certificate therefor.

         6.       REGISTRATION RIGHTS. IBSS shall file a registration statement
(the "IBSS REGISTRATION STATEMENT") for the resale of the IBSS Warrants Shares
within thirty (30) days of the date hereof; and it shall use its best efforts to
cause the IBSS Registration Statement to become effective as soon thereafter as
possible. If the IBSS Registration Statement is not filed within such thirty
(30) days and/or is not effective within one hundred twenty (120) days following
the date hereof with a current prospectus available, the Per Share Warrant Price
of the IBSS Warrants shall be reduced by $0.05 for the first month or part
thereof of such late filing

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and/or late effectiveness and $0.03 for each month or part thereof thereafter,
but in no event shall the Per Share Warrant Price be less than $0.05 per share.

         7.       TRANSFERABILITY. The Company may treat the registered Holder
of this Warrant as he or it appears on the Company's books at any time as the
Holder for all purposes. The Company shall permit any Holder of a Warrant or his
duly authorized attorney, upon written request during ordinary business hours,
to inspect and copy or make extracts from its books showing the registered
holders of Warrants. All warrants issued upon the transfer or assignment of this
Warrant will be dated the same date as this Warrant, and all rights of the
Holder thereof shall be identical to those of the Holder.

         8.       LOSS, THEFT, OR DESTRUCTION OF WARRANT. Upon receipt of
evidence satisfactory to the Company of the loss, theft, destruction or
mutilation of this Warrant, and of indemnity reasonably satisfactory to the
Company, if lost, stolen or destroyed, and upon surrender and cancellation of
this Warrant, if mutilated, the Company shall execute and deliver to the Holder
a new Warrant of like date, tenor and denomination.

         9.       WARRANT HOLDER NOT SHAREHOLDERS. Except as otherwise provided
herein, this Warrant does not confer upon the Holder any right to vote or to
consent to or receive notice as a shareholder of the Company, as such, in
respect of any matters whatsoever, or any other rights or liabilities as a
shareholder, prior to the exercise hereof; provided, however, Company shall give
not less than twenty days written notice to the Holder of any action which would
require adjustment of any terms of the Warrant in accordance with Sections 4
and/or 6 above.

         10.      NOTICES. Any notice or other communication delivered under
this Warrant shall be effective and shall be deemed to have been given if the
same is in writing and is sent (i) by first-class mail, postage prepaid, or (ii)
via facsimile, electronic transmission, overnight courier or hand delivery and
addressed to:

         If to the Company:

         Integrated Business Systems and Services, Inc.
         1601 Shop Road, Ste. E
         Columbia, S.C. 29201
         Attn: George E. Mendenhall, CEO
         Tel: (803) 736-5595
         Fax: (803) 736-7735

         If to the Holder:

         Generation Capital Associates
         1085 Riverside Trace
         Atlanta, GA 30328
         Attn: Fred A. Brasch, CFO

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         Tel: (404) 303-8450
         Fax: (404) 257-9125

         With Copy to Escrow Agent:

         David A. Rapaport, Esq.
         333 Sandy Springs Circle, Ste. 230
         Atlanta, GA 30328
         Tel: (404) 257-9150
         Fax: (404) 257-9125

         11.      HEADINGS. The headings of this Warrant have been inserted as a
matter of convenience and shall not affect the construction hereof.

         12.      GOVERNING LAW. This Warrant shall be governed by and construed
in accordance with the substantive laws of the state of South Carolina without
giving effect to the principles of conflicts of law thereof.

         13.      MODIFICATION; AMENDMENT. This Warrant may not be modified,
changed, or amended in any respect except by a written agreement signed by both
Holder and Company.

                  [Remainder of page left intentionally blank]

IBBS/GCA Warrant
Page 7 of 10
<PAGE>

                [Signature page to Common Stock Purchase Warrant]

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by
its duly authorized officer as of the year and date first set forth above.

                                             COMPANY:

                                             Integrated Business Systems and
                                             Services, Inc.

                                             By: /s/ George E. Mendenhall
                                                 -------------------------------
                                                 Name: George E. Mendenhall
                                                 Title: Chief Executive Officer

IBBS/GCA Warrant
Page 8 of 10
<PAGE>

                                  SUBSCRIPTION

The undersigned, _______________________, pursuant to the provisions of the
foregoing Warrant, hereby agrees to subscribe for and purchase shares of the
Common Stock of Integrated Business Systems and Services, Inc. covered by said
Warrant, and makes payment therefor in full at the Per Share Warrant provided by
said Warrant.

Dated:                                       Signature:

                                             Address:

                                   ASSIGNMENT

FOR VALUE RECEIVED___________________ hereby sells, assigns and transfers unto
_____________ the foregoing Warrant and all rights evidenced thereby, and does
irrevocably constitute and appoint __________________________, attorney, to
transfer said Warrant on the books of_________________

Dated:                                       Signature:

                                             Address:

                               PARTIAL ASSIGNMENT

FOR VALUE RECEIVED ___________________ hereby assigns and transfers unto
______________________ the right to purchase _______________ shares of the
Common Stock of _________________ by the foregoing Warrant, and a proportionate
part of said Warrant and the rights evidenced hereby, and does irrevocably
constitute and appoint _______________________ attorney, to transfer that part
of said Warrant on the books of Integrated Business Systems and Services, Inc.

Dated:                                       Signature:

                                             Address:

IBBS/GCA Warrant
Page 9 of 10
<PAGE>

                         CASHLESS EXERCISE SUBSCRIPTION

The undersigned _________________________ pursuant to the provisions of the
foregoing Warrant, hereby agrees to subscribe to that number of shares of stock
of Integrated Business Systems and Services, Inc. as are issuable in accordance
with the formula set forth in Section 12(b) of the Warrant, and makes payment
therefore in full by surrender and delivery of this Warrant.

Dated:                                       Signature:

                                             Address:

IBBS/GCA Warrant
Page 10 of 10

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