iBrands Corporation Announces Ooploo.com Explores Public Option
12 Mai 2014 - 2:30PM
Marketwired
iBrands Corporation Announces Ooploo.com Explores Public Option
ATLANTA, GA--(Marketwired - May 12, 2014) - iBrands Corporation
(OTC Pink: IBRC) (PINKSHEETS: IBRC), www.ibrandscorporation.com, is
pleased to announce that ooploo.com, one of Hatchbrands Ventures
portfolio companies, is exploring a public option.
Ooploo.com, www.ooploo.com, is a mobile app developer currently
serving the telco, carrier and pharmaceutical industries. The
company's products include Ooploo SIP, Ooploo KYP (Keep Your
Customer) and Ooploo POS, in addition to Applications development
and web services.
Ooploo CEO, Jon Felske, stated: "Our revenues have increased
more than 100% in 2013 and we believe our growth in 2014 will be
similar if not greater. It is key for us to accelerate our business
through a strategic infusion of capital in order to grow. A number
of companies in our space have successfully raised capital through
a listing on the OTCQB, and we believe this route could be viable
for us as well."
"One of Hatchbrands exit strategies is to assist its portfolio
companies to go public," states Marco Janeczek, Venture Partner for
Hatchbrands Ventures, "thereby providing iBrands with a potential
substantial return on investment."
Ooploo has indicated that a decision will be made in the near
future.
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 company that
invests in early-stage companies with products having identifiable
market niches and exciting growth potential in quantifiable market
sectors. iBrands is a unique vehicle enabling micro-cap
investor's access to attractive early-stage innovative private
companies having the potential to be sold to strategic partners or
completion of an IPO.
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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