iBrands Corporation to Retire 3 Billion Shares
May 19 2014 - 8:00AM
Marketwired
iBrands Corporation to Retire 3 Billion Shares
ATLANTA, GA--(Marketwired - May 19, 2014) - iBrands Corporation
(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, iBrands Corporation 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 of Hatchbrands Ventures, the company has entered into
discussions with 12 potential investment candidates, each meeting
our investment criteria and deal terms."
About Hatchbrands Ventures Hatchbrands Ventures,
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. Hatchbrands unique opportunity is
to provide investors the ability to participate along with leading
venture capital firms and corporate venture arms in startups
investments. Hatchbrands focuses 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.
Hatchbrands is located in Ottawa Canada adjacent to Kanata which
is Canada's Silicon Valley. The acquisition of Hatchbrands
will establish the company's business model similar to that of GSV
Capital, one of the world's preeminent voices on growth
investing.
About iBrands Corporation iBRANDS CORPORATION ("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. iBrands is 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 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 company.
Contact: iBrands Corporation Investor Relations Paul Smith
1-866-595-1081 info@ibrandscorporation.com
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