IRVINE, CA--(NewMediaWire - Jul 20, 2016) - iBrands
Corporation Inc. (OTC PINK: IBRC) today announced that it has completed the
merger of Avita Beverage Company LLC, a provider of a Premium
Natural Artesian Alkaline Water. The Merger complements iBrands'
leading-edge product portfolio and enables a new channel for
distribution in the high-volume C-Store Industry.
Avita Beverage Company, LLC will continue its operations out of
their production facility in Roscommon, Michigan and its corporate
headquarters in Los Angeles, CA, led by the current CEO, Clinton L.
Stokes III. www.myavitawater.com
Mr. Stokes describes Avita as "a Natural Premium Artesian
Alkaline Water producer and bottling company. Avita is bottled at
the source, from our protected and preserved aquifer located in
Michigan's Au Sable Forest. We produce a healthy, eco-socially
responsible product that meets the requirements for certification
for any state in which the product is to be distributed.
Additionally, our Natural Premium Artesian Alkaline Water is a
3-time winner of the prestigious award for taste from Berkeley
Springs International Water Tastings. Avita is committed to
bringing the best quality, ultra-pure, natural artesian alkaline
water product to the marketplace. Avita water boasts a pH of 8.0
with an exceptional mineral profile, thereby providing an
alternative healthy beverage with optimal hydration to all active
individuals and athletes around the world. It is Avita's mission to
increase the consumer's awareness of the benefits of our product as
an essential component of a healthy lifestyle."
Michael Ogburn, CEO of iBrands: "We have been working with Avita
for several months now to close this deal because we saw the value
of the brand as the logical next step for the health and fitness
consumer and their dedication to being the 'go to' water for first
responders. Their philanthropic compassion with Veteran Charities,
Homeless Outreach programs and response to the Flint Water Crisis
really set them apart as not only being one of the first water
companies to 'do their part,' but also showed that their mission
statement is genuine. Their partnership with the Los Angeles
Dodgers, Golden State Warriors and Detroit Pistons shows that their
brand is not just a mid-level brand, but a global power-house in
the fitness and wellness space. We plan to further leverage their
sales platform within the C-Store, Indian Casino, Indian and
Military Store channels."
Terms of the Merger are 5,000,000 of Series "C" Restricted
Convertible Preferred Shares.
About iBrands Corporation, Inc.:
Headquartered in Irvine, California, iBrands Corporation, Inc.
engages in the manufacturing and distribution of Ultra-Premium
Vapor and Beverage products. The company offers a wide variety of
Vapor Products, E-Liquids and Natural Beverages that are made in
the USA.
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well as any payment of dividends on our stock, statements related
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events, or otherwise. We have incurred and will continue to incur
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generate enough revenues to offset those costs. Additional product
offerings may expose us to additional legal and regulatory costs
and unknown exposure(s) based upon the variables as associated with
the general business channel we are operating in, the impact of
which cannot be predicted at this time including risks as
associated with our product and recent FDA pronouncements.
Additionally, our 1-A registration statement will generate
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