iBrands Corporation Signs Agreement to Acquire Hatchbrands Ventures
10 Mars 2014 - 1:15PM
Marketwired
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.
Contact: iBrands Corporation Investor Relations Paul Smith
1-866-595-1081 info@ibrandscorporation.com
iBrands (CE) (USOTC:IBRC)
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