iBrands Corporation Signs Agreement to Acquire Hatchbrands Ventures
ATLANTA, GA--(Marketwired - Mar 10, 2014) - iBrands Corporation (OTC Pink: IBRC), www.ibrandscorporation.com, a holding company targeting the merger and acquisition of niche Internet-based brands positioned for rapid growth through proven products, today announces the signing of Agreement to acquire Hatchbrands Ventures.
The company plans to use Hatchbrands and its unique startup, financial and venture capital expertise to acquire and invest in leading high quality startup companies developed in accelerators and incubators found in university/college environments.
"We believe a public vehicle such as Hatchbrands will change the way investments are made in accelerator-backed startups, and will give an alternative way for individuals and investors that today are not able to participate in accelerator-backed startups due to the accredited investor status, an alternative way to invest. Hatchbrands is forming strategic alliances with leading corporations, corporate venture arms, technology accelerators and startups," states Marco Janeczek, Venture Partner of Hatchbrands Ventures.
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 holding company that acquires and operates niche market brands having unique market positioning with substantial upside. Our strategy is executed through the acquisition of proprietary brands having unique market niches with substantial upside growth and providing strong management. A common thread throughout our acquisitions is the application of Internet technology to enhance revenues and optimize margins.
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.
