Atlanta, GA - November 13, 2013 - iBrands Corporation (IBRC), http://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 Company has signed a conditional agreement to acquire Ultra Image, LLC..
Ultra Image owns the exclusive United States distribution rights for an Internet-based line of beauty and cosmetic products from Europe. The trademarked product lines are all natural and gluten free targeting a specific niche market who suffer from Celiac disease. The product line is distributed in 40 countries throughout the world. Ultra Image introduced the products to the United States market in the past 1 1/2 years achieving a positive cash flow in its first fiscal year.
The unique selling position of Ultra Image's products coupled with management's knowledge and networking within the industry provides IBRC with an ideal candidate for its acquisitions strategy. Terms of the acquisition will be disclosed in the near future.
About iBrands Corporation
iBRANDS CORPORATION ("IBRC"), http://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.
Paul Smith, 1-866-595-1081