~IBRC~ .0002 iBrands Signs Agreement to Acquire Galileo $$$$$$$ www.ibrandscorp.com/images/slide-2.jpg Press Release Source: iBrands Corporation ATLANTA--(BUSINESS WIRE)-- iBrands Corporation (OTCPink: IBRC), http://www.ibrandscorp.com is pleased to announce that, following several months of negotiating the terms and structure of the acquisition of Galileo, the company has signed a purchase agreement to acquire majority interest in Galileo. This acquisition is significant for iBrands because, historically, Galileo’s biggest quarter includes the Christmas season which will add significantly to iBrands earnings going forward. The seller, Discipline Marketing, Inc of Miami, Florida, has agreed to contribute all of the assets of Galileo into a newly formed company, named Galileo Optics, Inc. iBrands will acquire majority interest in Galileo Optics, Inc through the issuance of a five year stock warrant in iBrands and a staged investment in Galileo Optics, Inc. that will provide sufficient inventory funding for the upcoming peak 2011 Christmas season, a projected multi-million dollar sales quarter. “The management team of Galileo has agreed to continue their role in leading the Galileo brand to national and international prominence,” states Paul Smith, CEO of iBrands. “The continuity of management is a key prerequisite in the company’s acquisition strategy. Strong visionary leadership accompanied with a strong brand name is a winning combination,” further states Mr. Smith. Mr. Michael Wittmeyer, President and Founder of Galileo 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 www.galileosplace.com in order to learn about our company.” http://ih.advfn.com/p.php?pid=nmona&article=48572677 www.ibrandscorp.com/images/head_r2_c2.jpg [pre] Share Structure Market Value1 $209,649 a/o Mar 19, 2012 Shares Outstanding 1,048,247,234 a/o Feb 13, 2012 Float 556,913,635 a/o Feb 13, 2012 Authorized Shares 2,000,000,000 a/o Feb 13, 2012 Par Value 0.001[/pre] www.otcmarkets.com/otciq/ajax/showCompanyLogoByCompanyId?companyId=625546 www.otcmarkets.com/content/doc/otcm/tier/logo/small/20.png