iBrands Corporation Closes Acquisition of Hatchbrands Ventures
April 15 2014 - 8:15AM
Marketwired
iBrands Corporation Closes Acquisition of Hatchbrands Ventures
ATLANTA, GA--(Marketwired - Apr 15, 2014) - iBrands Corporation
(OTC Pink: IBRC) (PINKSHEETS: 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 company has closed the purchase of
Hatchbrands Ventures.
"The acquisition of Hatchbrands provides our company with a
platform to own emerging technologies that have been nurtured in
professional incubators and accelerators," states Paul Smith, CEO
of iBrands Corporation. A business incubator's main goal is to
produce successful firms that will leave the program financially
viable and freestanding. Smith further states, "According to
the 2006 State of the Business Incubator Industry report, 87% of
incubator graduates stay in business. This minimizes our risk
exposure and maximizes our potential return on investment."
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.
Contact: iBrands Corporation Investor Relations Paul Smith
1-866-595-1081 info@ibrandscorporation.com
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