iBrands Corp. (IBRC)

[DFLY]

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.