Ibrands Corporation (USOTC:IBRC) Intraday Stock Chart Today : Monday 31 January 2011iBrands Corporation (OTCPink: IBRC), www.ibrandscorp.com, - a holding company targeting the merger and acquisition of niche Internet-based brands positioned for rapid growth through proven products - today released an update to its shareholders. In the latter part of last year, the Company elevated its status to “Current Information” on Pink Sheets. The Company intends to maintain this status for the upcoming year with a goal to elevate to a reporting status this year. IBRC’s focus during the first 6 months of 2011 will be acquiring a new brand for the Company. Management believes an acquisition with an existing revenue base having a unique market positioning with substantial upside will accelerate the Company’s plans to move to a reporting status. A potential acquisition has been identified and discussions are in process. Furthermore, IBRC continues to develop its iMenu24/7 online ordering system for the restaurant industry. iMenu24/7 has processed over 1.5 million orders. Menu24/7 is a B2B software platform that provides restaurateurs of all sizes to create a branded online ordering system for their consumers. Among other features, iMenu24/7 creates tools for these restaurateurs to increase their average check sizes through product up-selling and capture their consumer email addresses for future marketing. Industry Highlights Which Further Indicate Potential for Robust Growth The North American market for iMenu24/7 consists of some 1.1 million restaurant locations generating approximately $617 Billion annually in sales serving more than 78 Billion meal occasions annually. The National Restaurant Associations quotes that 58% of all restaurant patrons order food for off-premises consumption (take-out). That relates to some 45.2 Billion orders or $357 billion are take-out in the United States. The company charges its clients a nominal setup fee and an ongoing per order transaction fee that is similar to those charged by credit card processors. SAFE HARBOR STATEMENT: Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a com
Posts: 195 | From: Florida | Registered: Feb 2010
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I like this part: IBRC’s focus during the first 6 months of 2011 will be acquiring a new brand for the Company. Management believes an acquisition with an existing revenue base having a unique market positioning with substantial upside will accelerate the Company’s plans to move to a reporting status. A potential acquisition has been identified and discussions are in process.
Posts: 428 | From: Michigan | Registered: Oct 2009
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IBRC- iBrands Corp. Finalizes Terms for Copernicus Optics Acquisition
iBrands Corp. (OTCBB:IBRC) (www.ibrandscorp.com) is pleased to announce that it has finalized terms toward its acquisition of Copernicus Optics (www.copernicusoptics.com), a web-based optics retailer offering a complete assortment of consumer optics products including telescopes, microscopes, binoculars and associated science and sports products. iBrands Corp. is simultaneously finalizing a deal to acquire Galileo Optics (www.galileosplace.com) as a complementary strategy which will position the company in the consumer and sport optics industry with subsidiaries servicing active wholesale buyers, high-end retail markets and worldwide e-commerce sales.
iBrands CEO, Paul Smith, comments: "The deals on both Galileo and Copernicus Optics are moving forward and we are waiting for the attorneys to finalize documents. This marks an exciting growth phase for iBrands Corp. as we hit the ground running with the launch of our consumer and sport optics division, both companies therein providing immediate additional revenue streams. We feel our abilities in terms of internet marketing will take both companies to new levels, outperforming previous market expectations with increased exposure and streamlined distribution in an ever-growing marketplace."
He continues, "This is a prime opportunity to enter this market as it is now making impressive recovery from a long-lasting down-turn. This works highly to our advantage as recovery is imminent and opportunities abound. According to the National Sporting Goods Association in a March 2010 report, Sport Optics alone experienced a 4% increase this year with in excess of $1b in revenues and market opportunities within military, medical imaging and communications sectors are vast and increasing at a precipitous rate."
Posts: 428 | From: Michigan | Registered: Oct 2009
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IBRC hearing investors coming in ahead of some merger news this week just keep an eye on this one
Posts: 119 | From: florida | Registered: Oct 2010
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500 shares sold at .0031 at the close to spook peeps off the shares this one is having some one run this
Posts: 119 | From: florida | Registered: Oct 2010
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