Ise Blu Equity Corp. (Pink Sheets:ISBL) announced today that it has signed a letter of intent to acquire XGPower, Inc., a marketer of privately branded hand tools, hand held power tools and large commercial construction equipment and home use models, plus many other consumer items. The Stock Purchase Agreement is required to be completed by June 4, 2007 and funded within 30 days after the signing.
XGPower, Inc. has existed for four years selling through its store in Whitehouse, NJ and through the web at www.xgpower.com and fulfilling these orders from a warehouse in New Jersey. Sales have grown substantially each year and the product line has expanded to include thirty-one product categories. XGPower now also sells its products on major web search engines including Yahoo.com, Amazon.com and EBay.
"This acquisition propels the company forward as an online marketer of consumer and construction products and will allow us to rapidly expand the delivery of our A Accent Decor subsidiaries products to the major search engines and to other sites linked by XGPower," stated company President Norman Birmingham.
About Ise Blu Equity Corp.
Ise Blu Equity Corp., a Nevada corporation, is a holding company that specializes in investments from the Consumer Goods, Entertainment and Technology sectors.
"Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission."
LGN Entertainment Acquires Assets of Ise Blu Equity Corp. Subsidiary C.E.D. Entertainment Distribution Friday October 5, 11:30 am ET
ORLANDO, FL--(MARKET WIRE)--Oct 5, 2007 -- C.E.D. Entertainment Distribution, a subsidiary of Ise Blu Equity Corp. (Other OTC:ISBL.PK - News), has sold all its assets to LGN Entertainment, Inc., Ise Blu's newest subsidiary. LGN Entertainment, Inc., WWW.LGNENTERTAINMENT.COM, an independent distributor of Video, DVDs, and Music, announced today that it has signed an asset purchase agreement with CED Entertainment that has the approval of Ise Blu Equity Corp. (Other OTC:ISBL.PK - News) board.
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"This was a company decision and even though CED Entertainment was growing a decision to move with LGN Entertainment was agreed upon as LGN Entertainment's focus is primarily on the acquisition of film and music catalogs as well as licensing deals for the music properties. LGN Entertainment is working on a plan to partner with other Ise Blu properties such as Doctor Dre for film and music projects, as well as with Joyce Sims for new Dance artists and Dance labels, and Rick Papaleo with regards to the distribution of live event films. It was a mutual decision by Steve Lane and the Board of Ise Blu Equity Corp. since Mr. Lane has taken over additional responsibilities as the President of ISBL," states Lisa Sam the President of LGN Entertainment.
LGN has acquired and will maintain the accounts and contracts of CED Entertainment and Steve Lane will remain with LGN as the Director of operations during the "Getting To Know Each Other Period."
"Lisa Sam is a highly driven executive and will work on catalog acquisitions as I will work with the labels and assist Lisa with regards to licensing. With my added duties and responsibilities with the Public company I thought it best that we look to expand our horizons and seek an opportunity with a highly skilled professional such as Lisa," stated Steve Lane President of Ise Blu Equity Corp.
In other news, LGN Entertainment has maintained the contract of Nick Loren's much anticipated album "Let's Make It Real" with a CD Street Date of 1-15-2008, Dog-On Television (DVD) street date 11-13-2007 (a Loren Entertainment Production), Sizzla Kalonji CD Street Date 1/15/2008, Joyce Sims "20 Anniversary Album" (working Title) CD/ DVD with release in early 2008 and Billboard charting Nadine Sutherland as well as others listed on the website, www.LGNENTERTAINMENT.com.
The new company is not changing direction just expanding its focus.
"Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: the statements contained in this release that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission."
Contact: CONTACT: Ise Blu Equity Corp. 407-641-9501 info*isebluequitycorp.com
-------------------------------------------------------------------------------- Source: Ise Blu Equity Corp.
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A merger deal is expected soon, hopefully by the 3rd week of Jan 2008.
Watch list:
PMED: will be a big runner in Jan 2008 -- PR campaign expected soon.
** From Ihub: Posted by: shane67 In reply to: None Date:12/29/2007 4:03:44 PM Post #of 19663
ISBL is entering the 3rd month since the last break out. I think we see a significant move in January. In regards to the OTCBB it all depends on the share structure, and price being offered. If ISBL can buy a shell for a still of price, it will benefit us shareholders. I'm also very interested in seeing who these so called contracts the company as signed. They stated one month until we would have the informaion, and that was around Dec 17th. So, January should see several huge PR's telling us, if this management has the ability to make things happen. And, if they can, this will be a very very nice gainer in 2008. I'm betting on at least a nickle around April.
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