Filed by IBS Interactive, Inc.
Pursuant to Rule 425 under the Securities Act of 1933
Subject Company:  IBS Interactive, Inc.
Commission File No.  333-46762


This following  communication  contains, in addition to historical  information,
forward-looking   statements  that  involve  risks  and   uncertainties.   These
forward-looking  statements may include statements  regarding,  for example, the
termination  of the  combination,  the  consequences  of the  termination of the
combination, costs related to the combination,  inability to further develop and
achieve  commercial  success  for  each  of  Infonautics'  and  IBS'  respective
businesses  and  business  strategy  as a  result  of  the  termination  of  the
combination,  the number of  registered  users and reach of each  company's  web
sites,  the  deployment of each  company's  respective  resources  following the
termination of the combination,  sustainability  as stand alone  companies,  and
strategic or other  opportunities  for  Infonautics and IBS. Such statements are
based on the current  expectations of each company's  respective  management and
are  subject to a number of  uncertainties  and risks that  could  cause  actual
results  to  differ  materially  from  those  described  in the  forward-looking
statements.  More information  about potential  factors that could affect either
Infonautics or IBS financial results is included in the Risk Factors sections of
such company's  respective filings with the Securities and Exchange  Commission.
All   forward-looking   statements  included  in  this  document  are  based  on
information available to each such company as of the date of this document,  and
neither   company   assumes  any  obligation  to  update  such   forward-looking
statements.


THE  FOLLOWING  IS A PRESS  RELEASE  DISSEMINATED  BY IBS  INTERACTIVE,  INC. ON
NOVEMBER 10, 2000


FOR IMMEDIATE RELEASE

INFONAUTICS,  IBS  INTERACTIVE  AND  FIRST  AVENUE  VENTURES  MUTUALLY  AGREE TO
TERMINATE STRATEGIC COMBINATION

KING  OF  PRUSSIA,   Pa.  and  CEDAR  KNOLLS,  N.J.,  Nov.  10  /PRNewswire/  --
Infonautics,  Inc. (Nasdaq: INFO - news), IBS Interactive,  Inc. (Nasdaq: IBSX -
news) and First Avenue  Ventures,  Inc. today  announced that they have mutually
agreed to  terminate  the  reorganization  agreement  to create a  publicly-held
venture technology  company.  No party will receive a breakup fee as a result of
the termination. The companies previously announced the strategic combination on
July 31, 2000.

Rich Masterson,  Chief Executive  Officer of First Avenue Ventures,  Van Morris,
Chief  Executive  Officer and President of Infonautics,  and Nicholas  Loglisci,
Chairman  and Chief  Executive  Officer of IBS  Interactive,  jointly  commented
"After  evaluating  the  proposed   combination  in  light  of  changing  market
conditions, we have concluded that it is in the best interests of our respective
shareholders, companies, and employees to terminate the reorganization agreement
at this time."

ABOUT IBS INTERACTIVE

IBS Interactive,  Inc. (Nasdaq: IBSX - news) provides  comprehensive  e-Business
and  information  technology  (IT)  solutions to businesses  and  organizations.
Professional services include programming and applications development,  network
services,  consulting and training. Web-site hosting services include shared and
co-location  hosting.  Internet access services  include  dedicated lease lines,
dial-up and digital  subscriber line (DSL) Internet access.  IBS Interactive was
founded in 1995 and is headquartered in Cedar Knolls, NJ.

ABOUT INFONAUTICS

Infonautics, Inc. (Nasdaq: INFO - news) is a pioneering provider of personalized
information agents and Internet sites. The Infonautics Network of Web properties
includes  the  award-winning  Company  Sleuth,  Sports  Sleuth,  Job  Sleuth and
Entertainment  Sleuth sites.  The  Infonautics  Network also includes Search and
Reference  Media  sites  consisting  of  Electric  Library,   eLibrary  Tracker,
Encyclopedia.com and NewsDirectory.com.  The Electric Library site was the first
reference  site of its  type on the  Internet,  and is one of the  largest  paid
subscription  sites on the Web, with approximately  100,000 paying  subscribers.
Infonautics was founded in 1992 and is headquartered in King of Prussia, PA.




ABOUT FIRST AVENUE VENTURES,  INC.

First Avenue  Ventures is a  Philadelphia-based  private  equity and  management
consulting  firm.  The company was  established by Rich  Masterson,  founder and
former  president of Internet  professional  services leader US Interactive,  in
partnership  with Cross  Atlantic  Capital  Partners,  founded  by Don  Caldwell
(former  president of Safeguard  Scientifics) and Glenn Reiger (former Safeguard
Scientifics  Executive).  Cross Atlantic  Capital  Partners  (XACP) is a venture
capital  management firm operating  several  venture funds,  including the Cross
Atlantic Technology Fund and The Co-Investment 2000 Fund L.P.

    Contacts:

    Infonautics, Inc.
    Van Morris, 610-971-8840, ext. 1254, vmorris@infonautics.com
    Bob Wright, 610-971-8840 ext. 1296, bwright@infonautics.com
    Ken Dennard, 713-529-6600, kdennard@easterly.com

    IBS Interactive, Inc.
    Nick Loglisci, 973-285-2600, ext. 209, nloglisci@interactive.net
    Howard Johnson, 973-285-2600, ext. 277, hjohnson@interactive.net

    First Avenue Ventures
    Jim DeLorenzo, 610-296-3450, jim@jhdenterprises.com

This  news   release   contains,   in   addition  to   historical   information,
forward-looking   statements  that  involve  risks  and   uncertainties.   These
forward-looking  statements may include statements  regarding,  for example, the
termination  of the  combination,  the  consequences  of the  termination of the
combination, costs related to the combination,  inability to further develop and
achieve  commercial  success  for  each  of  Infonautics'  and  IBS'  respective
businesses  and  business  strategy  as a  result  of  the  termination  of  the
combination,  the number of  registered  users and reach of each  company's  web
sites,  the  deployment of each  company's  respective  resources  following the
termination of the combination,  sustainability  as stand alone  companies,  and
strategic or other  opportunities  for  Infonautics and IBS. Such statements are
based on the current  expectations of each company's  respective  management and
are  subject to a number of  uncertainties  and risks that  could  cause  actual
results  to  differ  materially  from  those  described  in the  forward-looking
statements.  More information  about potential  factors that could affect either
Infonautics or IBS financial results is included in the Risk Factors sections of
such company's  respective filings with the Securities and Exchange  Commission.
All   forward-looking   statements  included  in  this  document  are  based  on
information available to each such company as of the date of this document,  and
neither  company  assumes  any  obligation  to  update  such  forward-looking
statements.

INFONAUTICS and COMPANY SLEUTH are registered trademarks of Infonautics, Inc. or
its   subsidiaries.   SPORTS   SLEUTH,   JOB   SLEUTH,   ENTERTAINMENT   SLEUTH,
ENCYCLOPEDIA.COM,  and NEWSDIRECTORY.COM are trademarks of Infonautics,  Inc. or
its subsidiaries.

Digital Fusion is a trademark of IBS Interactive, Inc.

All other  trademarks and service marks are the  properties of their  respective
owners.