IBRC Building a Powerhouse!
From the Galileo acquisition
“In addition to significant increases in revenues, Galileo adds a niche brand with substantial name awareness to iBrands portfolio,” states Mr. Paul Smith, President of iBrands Corporation. “Acquiring Galileo will accelerate our growth curve resulting in tremendous benefits for the company and our shareholders. Galileo is the perfect example of our acquisition targets – a highly-recognized trademark, a quality product with identifiable niche markets, a strong management team and positioned for rapid growth.”
From the Copernicus acquisition
“The acquisition of www.copernicusoptics.com provides IBRC with a complementary brand to Galileo where we are able to market higher-end retail recreational consumer optics without injuring our Galileo wholesale distribution channels. The Galileo product line is sold through wholesale channels consisting of big box retailers, specialty electronic chains, sporting good stores, Internet retailers, direct response TV, and premium/mail order catalogs. Examples of Galileo’s retail base are QVC, Costco, Fry’s Electronics, Radio Shack, Kohl’s, Amazon and Overstock.com,” states Paul Smith, CEO of iBrands. “Additionally, a higher gross margin delivered by Copernicus will balance the company’s profit margins and greatly assist in achieving our revenue goals of $20 million from our consumer optics division.”
