*We think that this promoter is a part of a group of promoters.
Good morning, Traders,
iBrands Corp. ("IBRC") announced news this morning that the Company finalized terms towards its acquisition of Copernicus Optics.
With two acquisitions being finalized just this week alone, iBrands CEO stated, "... with the launch of our consumer and sport optics division, both companies therein providing immediate additional revenue streams. "
He further stated, "According to the National Sporting Goods Association in a March 2010 report, Sport Optics alone experienced a 4% increase this year with in excess of one billion in revenues and market opportunities within military, medical imaging and communications sectors are vast and increasing at a precipitous rate."
iBrands Corp. Finalizes Terms for Copernicus Optics Acquisition
IBRC Zooms in on Multi-Billion Dollar Consumer Optics Industry With Impactful Market Strategy
ATLANTA, Feb. 24, 2011 (GLOBE NEWSWIRE) -- iBrands Corp. (OTC.OB: IBRC) (www.ibrandscorp.com) is pleased to announce that it has finalized terms toward its acquisition of Copernicus Optics (www.copernicusoptics.com), a web-based optics retailer offering a complete assortment of consumer optics products including telescopes, microscopes, binoculars and associated science and sports products. iBrands Corp. is simultaneously finalizing a deal to acquire Galileo Optics (www.galileosplace.com) as a complementary strategy which will position the company in the consumer and sport optics industry with subsidiaries servicing active wholesale buyers, high-end retail markets and worldwide e-commerce sales.
iBrands CEO, Paul Smith, comments: "The deals on both Galileo and Copernicus Optics are moving forward and we are waiting for the attorneys to finalize documents. This marks an exciting growth phase for iBrands Corp. as we hit the ground running with the launch of our consumer and sport optics division, both companies therein providing immediate additional revenue streams. We feel our abilities in terms of internet marketing will take both companies to new levels, outperforming previous market expectations with increased exposure and streamlined distribution in an ever-growing marketplace."
He continues, "This is a prime opportunity to enter this market as it is now making impressive recovery from a long-lasting down-turn. This works highly to our advantage as recovery is imminent and opportunities abound. According to the National Sporting Goods Association in a March 2010 report, Sport Optics alone experienced a 4% increase this year with in excess of $1b in revenues and market opportunities within military, medical imaging and communications sectors are vast and increasing at a precipitous rate."
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To see what the technicals are saying, take a look at the charts below that detail some points that traders could gain some insight when trading IBRC...
IBRC is clearly moving very quickly with its mission to grow revenue generating niche companies... and I think they're proving it with the activity of acquisitions and internal expansions.
Keep watching IBRC trade during today's market since the Company's shares have a pattern of increasing on news!
Best Regards,
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