iparty (ipt)

[realest]

This is why all the insider buying !

IParty Corp. /quotes/comstock/14*!ipt/quotes/nls/ipt (IPT 0.25, +0.01, +2.08%) said it hoped to win bankruptcy court approval to acquire 33 retail stores from The Big Party Corp. The stores are located on the East Coast. IParty Corp.’s (www.iparty.com) chief executive officer, Sal Perisano, who founded Big Party, said acquiring the retail stores will “be significant traffic drivers for the Web site and our offline catalog business.” No financial terms of IParty’s offer for the stores were disclosed.