Replies to post #2712577 on BB's Stock Haven

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~IBRC .0002 iBrands Signs Agreement to Acquire Galileo $$$$$$$

Press Release Source: iBrands Corporation ATLANTA--(BUSINESS WIRE)-- iBrands Corporation
(OTCPink: IBRC), http://www.ibrandscorp.com is pleased to announce that, following several
months of negotiating the terms and structure of the acquisition of Galileo, the company has
signed a purchase agreement to acquire majority interest in Galileo. This acquisition is significant
for iBrands because, historically, Galileo’s biggest quarter includes the Christmas season which will
add significantly to iBrands earnings going forward.

The seller, Discipline Marketing, Inc of Miami, Florida, has agreed to contribute all of the assets of
Galileo into a newly formed company, named Galileo Optics, Inc. iBrands will acquire majority
interest in Galileo Optics, Inc through the issuance of a five year stock warrant in iBrands and a
staged investment in Galileo Optics, Inc. that will provide sufficient inventory funding for the
upcoming peak 2011 Christmas season, a projected multi-million dollar sales quarter.

“The management team of Galileo has agreed to continue their role in leading the Galileo brand to
national and international prominence,” states Paul Smith, CEO of iBrands. “The continuity of
management is a key prerequisite in the company’s acquisition strategy. Strong visionary
leadership accompanied with a strong brand name is a winning combination,” further states Mr.
Smith.

Mr. Michael Wittmeyer, President and Founder of Galileo states, “Galileo is positioned for
substantial growth, domestically and internationally. The combining of Galileo’s reputation,
products and management team with iBrands vision is a recipe for success. I encourage iBrands
shareholders to visit us at www.galileosplace.com in order to learn about our company.”

http://ih.advfn.com/p.php?pid=nmona&article=48572677