iBrands Corporation Signs MOU to Acquire Hatchbrands Ventures
February 26 2014 - 8:30AM
Access Wire
Atlanta, GA / February 26, 2014 /
ACCESSWIRE / iBrands Corporation (OTCPink: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
signing of a Memorandum of Understanding to acquire Hatchbrands
Ventures.
Hatchbrands Ventures, http://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”),
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.
Contact:
iBrands Corporation
Investor Relations
Paul Smith, 1-866-595-1081
info@ibrandscorporation.com
Source: iBrands Corporation
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