March 13,2020 –SAN DIEGO, CALIFORNIA –On March 11, 2020,iBrandsCorporation (IBRC or the Company) posted its Annual Disclosure Statement for the period ending December 31, 2019 via the OTC News and Disclosure Service. This information provides the most up-to-date financial and substantive public disclosures regarding the Company from the prior calendar year. Additionally, the Company has regretfully severed ties with Mr. Patrick J. Johnson, who has resigned from any and all positions held as an officer of the Company or as a member of the Company’s board of directors as of December 8, 2019. Mr. Johnson shall have no further legal authority to act on behalf of the corporation in any capacity formally or informally. Mr. Johnson will still,however,perform consulting services to the Company during a transitional phase with new management, but the performance of such services shall be monitored and directed by the new officers and directors of the Company.
Should you have any additional inquiries regarding this matter or the company, please do contact us at the below email and telephone number. Hugh Kelso, CEOEm: hugh@ibrandscorporation.comPh: (619) 840-5056
Forward Looking Statement Disclaimer
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking terminology such as “believes”, “expects”, “may”, “will”, “should”, “anticipates”, “plans”, or similar expressions or the negative of these terms and similar expressions are intended to identify forward-looking statements. Any such forward-looking statements involverisk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release
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