ATLANTA, GA, United States, via eTeligis Inc., 05/12/2014 - - iBrands Corporation (OTC Pink: IBRC) (PINKSHEETS: IBRC), www.ibrandscorporation.com, is pleased to announce that ooploo.com, one of Hatchbrands Ventures portfolio companies, is exploring a public option.
Ooploo.com, www.ooploo.com, is a mobile app developer currently serving the telco, carrier and pharmaceutical industries. The company's products include Ooploo SIP, Ooploo KYP (Keep Your Customer) and Ooploo POS, in addition to Applications development and web services.
Ooploo CEO, Jon Felske, stated: "Our revenues have increased more than 100% in 2013 and we believe our growth in 2014 will be similar if not greater. It is key for us to accelerate our business through a strategic infusion of capital in order to grow. A number of companies in our space have successfully raised capital through a listing on the OTCQB, and we believe this route could be viable for us as well."
"One of Hatchbrands exit strategies is to assist its portfolio companies to go public," states Marco Janeczek, Venture Partner for Hatchbrands Ventures, "thereby providing iBrands with a potential substantial return on investment."
Ooploo has indicated that a decision will be made in the near future.
About Hatchbrands Ventures
Hatchbrands Ventures, www.hatchbrands.com, is a fund that specializes in making startup technology pre-IPO investments in high quality startup companies developed in accelerators and incubators found in university/college environments. Hatchbrands unique opportunity is to provide investors the ability to participate along with leading venture capital firms and corporate venture arms in startups investments. Hatchbrands focuses on several themes including: (i) SaaS / Cloud Infrastructure; (ii) Online Finance; (iii) Data Pipeline and Data Science; (iv) New Advertising Battlegrounds; and (v) Reinvention of (Online/Offline) Retail.
Hatchbrands is located in Ottawa Canada adjacent to Kanata which is Canada's Silicon Valley. The acquisition of Hatchbrands will establish the company's business model similar to that of GSV Capital, one of the world's preeminent voices on growth investing.
About iBrands Corporation
iBRANDS CORPORATION ("IBRC"), www.ibrandscorporation.com, is a publicly traded company that invests in early-stage companies with products having identifiable market niches and exciting growth potential in quantifiable market sectors. iBrands is a unique vehicle enabling micro-cap investor's access to attractive early-stage innovative private companies having the potential to be sold to strategic partners or completion of an IPO.
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.
Contact:
iBrands Corporation
Investor Relations
Paul Smith
1-866-595-1081
info@ibrandscorporation.com
SOURCE: iBrands Corp.
Associated Documentation:
Link to submission on http://www.eteligis.com
IBRC_5-12-14_LST_ETL.docx
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