News Column

iBrands Corporation to Retire 3 Billion Shares

May 19, 2014

iBrands Corporation

ATLANTA, GA, United States, via eTeligis Inc., 05/19/2014 - - iBrandsCorporation (OTC Pink: IBRC) (PINKSHEETS: IBRC),www.ibrandscorporation.com, today announced that it plans to retire three billion shares of common stock. Following the return of three billion common shares back to treasury,iBrandsCorporation will have 7,807,827,624 common shares outstanding of which seven billion is owned by insiders and subject to lockup agreements.

 

CEO Paul Smith states, "The return of 30% of our outstanding shares, by management, to treasury shows our commitment to our shareholders as well as our dedication to creating real value in our company stock. We believe this capital restructuring will make our stock much more appealing to prospective acquisition and investment targets." Mr. Smith further states, "Since the recent acquisition ofHatchbrandsVentures, the company has entered into discussions with 12 potential investment candidates, each meeting our investment criteria and deal terms." 

 

AboutHatchbrandsVentures

HatchbrandsVentures,www.hatchbrands.com,is a fund that specializes in making startup technology pre-IPO investments in high quality startup companies developed in accelerators and incubators found in university/college environments.Hatchbrandsunique opportunity is to provide investors the ability to participate along with leading venture capital firms and corporate venture arms in startups investments.Hatchbrandsfocuses on several themes including: (i) SaaS / Cloud Infrastructure; (ii) Online Finance; (iii) Data Pipeline and Data Science; (iv) New Advertising Battlegrounds; and (v) Reinvention of (Online/Offline) Retail.

 

Hatchbrandsis located in Ottawa Canada adjacent to Kanata which is Canada'sSilicon Valley. The acquisition ofHatchbrandswill establish the company's business model similar to that of GSV Capital, one of the world's preeminent voices on growth investing. 

 

AboutiBrandsCorporation

iBRANDSCORPORATION ("IBRC"),www.ibrandscorporation.com, is a publicly traded company that invests in early-stage companies with products having identifiable market niches and exciting growth potential in quantifiable market sectors. iBrandsis a unique vehicle enabling micro-cap investor's access to attractive early-stage innovative private companies having the potential to be sold to strategic partners or completion of an IPO. 

 

SAFE HARBOR STATEMENT:Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safeharborprovisions 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 company.

 

Contact:

iBrandsCorporation

Investor Relations

Paul Smith

1-866-595-1081

info@ibrandscorporation.com

 

 

SOURCE:iBrandsCorp.

 


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Source: eTeligis.com


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