IBRC NEWS:
iBrands Corporation Releases Shareholder Update
Ibrands Corporation (USOTC:IBRC)
Intraday Stock Chart
Today : Monday 31 January 2011
iBrands Corporation (OTCPink: IBRC), www.ibrandscorp.com, - a holding company targeting the merger and acquisition of niche Internet-based brands positioned for rapid growth through proven products - today released an update to its shareholders.
In the latter part of last year, the Company elevated its status to “Current Information” on Pink Sheets. The Company intends to maintain this status for the upcoming year with a goal to elevate to a reporting status this year.
IBRC’s focus during the first 6 months of 2011 will be acquiring a new brand for the Company. Management believes an acquisition with an existing revenue base having a unique market positioning with substantial upside will accelerate the Company’s plans to move to a reporting status. A potential acquisition has been identified and discussions are in process.
Furthermore, IBRC continues to develop its iMenu24/7 online ordering system for the restaurant industry. iMenu24/7 has processed over 1.5 million orders. Menu24/7 is a B2B software platform that provides restaurateurs of all sizes to create a branded online ordering system for their consumers. Among other features, iMenu24/7 creates tools for these restaurateurs to increase their average check sizes through product up-selling and capture their consumer email addresses for future marketing.
Industry Highlights Which Further Indicate Potential for Robust Growth
The North American market for iMenu24/7 consists of some 1.1 million restaurant locations generating approximately $617 Billion annually in sales serving more than 78 Billion meal occasions annually.
The National Restaurant Associations quotes that 58% of all restaurant patrons order food for off-premises consumption (take-out). That relates to some 45.2 Billion orders or $357 billion are take-out in the United States. The company charges its clients a nominal setup fee and an ongoing per order transaction fee that is similar to those charged by credit card processors.
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.
