iBrands Corp. (IBRC)

[rawsteel]

iBrands Corporation Provides Update

Dallas TX, October 23, 2018- iBrands Corporation, Inc. (OTC: IBRC) (“the Company”), a diversified
holdings company, announces that it has canceled a corporate action.
On July 9, 2018, by written consent in lieu of a meeting of the Board the Company filed to effect a
reverse stock-split of its common stock of one (1) new common share for each twenty thousand
(20,000) old common shares of stock, which was approved by a majority of the shares entitled to vote.
“We have decided to cancel this corporate action and will revisit whether or not a reverse split will be
necessary and beneficial for the Company at a later date in the future,” said CEO Patrick Johnson.