Okay...
I cannot personally vouch for the quality of the bettas from this breeder, but I have been an avid follower of her website for the past three years, as well as have actually seen the program she is so proud of, so I feel pretty confidant about recommending her.
Go to BettaTalk.com. Faith is an IBC breeder. The pictures of her fish that she posts are truely breath-taking, and I have found no site that compares. Her claims are that the fish she has are pedigrees and truely works of art. I'm sure if you wish to research her in the betta community circles, espeically the IBC circles, you'll find her reputation intact. Heck, if you even email her, she's really nice and will answer your questions herself.
Her fish are also minimum of $60 a pop. Pretty pricey for a fishy graduation gift. But that's what a pedigree betta of good outstanding quality is gonna cost you. I've been aspirering to own a Faith betta for three years now, but if $60 means buying a fish or paying my phone bill, well, you can see where the priorities lie.
Personally, I wouldn't recommend breeding your betta unless you are going to do it to the quality and consistancy that, well, Faith for example, does, which means showing them and really dedicating your breeding program to the improvement of the strain, and allowing yourself to be judged by your peers for the quality of the fry you produce. That is simply the animal welfare advocate in me speaking out against any form of backyard breeding, be it canine, feline, fish, fowl, or reptile. The fish you see in your LFS are products of mass produced bettas from "betta mills." Unless you plan to do something with the fry your fish produce, and provide for the 50+ offspring with a high quality of life, please refrain from bringing them into this world. If you do wish to bring baby fish into this world, please take responsiblity for said fish, and respect the fact that even as fish, they are life (I'll leave the soul issue to the theologians, IMO they have souls but I know not all religions think so *shrug*). Take pleasure in bonding with your betta, and trust me, they do not have to breed in order to be thriving. I've had bettas live for four to five years without ever having even seen the opposite sex once in their life.
~~Colesea