Ibrc
Heads up i smell something cooking on <IBRC>..... watch it this week !
The only real conversation you can have is with your self!
This stock is seeing a record volume week with over 5x the volume it's ever seen in a week, and the PPS has more than doubled with no recent news! It seems that some people know something about this play that is not public. It looks to me by the giant spike in the moving average that this could be heading to pass up it's old record high.
I'm looking forward to seeing where this stock goes after they release some news!
Stockcents
IBRC - iBrands Corp.
New press on IBRC.
It looks to me like it's ready for another bounce. We've been seeing a record volume on this one and it's been landing on an up tick everyday last week, as well as a record 52 week high. Check out their news that just posted and make sure to keep an eye on this one!
iBrands Corporation Releases Shareholder Update
ATLANTA, Jan 31, 2011 (BUSINESS WIRE) -- iBrands Corporation (OTCPink: IBRC), iBrands Corporation, - a holding company targeting the merger and acquisition of niche Internet-based brands positioned for rapid growth through proven products - today released an update to its shareholders.
In the latter part of last year, the Company elevated its status to "Current Information" on Pink Sheets. The Company intends to maintain this status for the upcoming year with a goal to elevate to a reporting status this year.
IBRC's focus during the first 6 months of 2011 will be acquiring a new brand for the Company. Management believes an acquisition with an existing revenue base having a unique market positioning with substantial upside will accelerate the Company's plans to move to a reporting status. A potential acquisition has been identified and discussions are in process.
Furthermore, IBRC continues to develop its iMenu24/7 online ordering system for the restaurant industry. iMenu24/7 has processed over 1.5 million orders. Menu24/7 is a B2B software platform that provides restaurateurs of all sizes to create a branded online ordering system for their consumers. Among other features, iMenu24/7 creates tools for these restaurateurs to increase their average check sizes through product up-selling and capture their consumer email addresses for future marketing.
Industry Highlights Which Further Indicate Potential for Robust Growth
The North American market for iMenu24/7 consists of some 1.1 million restaurant locations generating approximately $617 Billion annually in sales serving more than 78 Billion meal occasions annually.
The National Restaurant Associations quotes that 58% of all restaurant patrons order food for off-premises consumption (take-out). That relates to some 45.2 Billion orders or $357 billion are take-out in the United States. The company charges its clients a nominal setup fee and an ongoing per order transaction fee that is similar to those charged by credit card processors.
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.
SOURCE: iBrands Corporation
CONTACT:
iBrands Corporation Paul Smith, 1-866-595-1081 Investor Relations info@ibrandscorp.com
Copyright Business Wire 2011
iBrands Corporation Signs Letter of Intent to Acquire Galileo Optics
ATLANTA, Feb 09, 2011 (BUSINESS WIRE) -- iBrands Corporation (OTCPink: IBRC), iBrands Corporation, - a holding company targeting the merger and acquisition of niche brands positioned for rapid growth through proven products --today announces the signing of a letter of intent to acquire Galileo Optics.
Galileo Optics, Galileo Telescopes, Binoculars, Gadgets & Gizmos, was first introduced to the American market in 1992 providing quality products to the entry through intermediate level consumer optics enthusiasts, offering telescopes, microscopes, binoculars and associated science products. Today Galileo's product line has been expanded to include more advanced optical products including imaging systems, accessories and gadgets. Over the past 19-years a million satisfied customers have enjoyed Galileo's products. The Galileo product line is sold through wholesale channels consisting of big box retailers, specialty electronic chains, sporting good stores, Internet retailers, direct response TV, and premium/mail order catalogs. Examples of Galileo's retail base are QVC, Costco, Fry's Electronics, Radio Shack, Kohl's, Amazon and Overstock.com.
Mr. Michael Wittmeyer, President and Founder of Galileo Optics states; "Galileo is positioned for substantial growth, domestically and internationally. The combining of Galileo's reputation, products and management team with iBrands vision is a recipe for success. I encourage iBrands shareholders to visit us at Galileo Telescopes, Binoculars, Gadgets & Gizmos in order to learn about our company."
"In addition to significant increases in revenues, Galileo adds a niche brand with substantial name awareness to iBrands portfolio," states Mr. Paul Smith, President of iBrands Corporation. "Acquiring Galileo will accelerate our growth curve resulting in tremendous benefits for the company and our shareholders. Galileo is the perfect example of our acquisition targets -- a highly-recognized trademark, a quality product with identifiable niche markets, a strong management team and positioned for rapid growth."
Terms of the acquisition will be disclosed in the near future.
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.
SOURCE: iBrands Corporation
CONTACT:
iBrands Corporation Investor Relations Paul Smith, 1-866-595-1081 info@ibrandscorp.com
Copyright Business Wire 2011
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