M&A

13 January, 2010

i Brands Corporation Enters into Negotiations to Acquire Technology Company

Press Release Source: i Brands Corporation On Wednesday January 13, 2010, 7:25 pm EST

ATLANTA--(BUSINESS WIRE)--i Brands Corporation (OTC: IBRC - News), www.ibrandscorp.com, announces negotiations are underway to acquire a technology company that is based in the United States. The technology company specializes in providing services to Internet companies in the areas of software development, website design and development, Internet technology services, Internet security and Internet marketing.

"Acquiring the technology company will double i Brand's current annual revenues and provide us with new sources of income," states Paul Smith, CEO. "Additionally, this acquisition will expand i Brands technical capabilities and minimize outsourcing our technology to non-related firms. We are pleased with the way negotiations are progressing and we expect the final terms and understanding to be concluded by the end of this month, at which time we can then disclose the details of the acquisition."

About i Brands Corporation

i BRANDS CORPORATION provides leading-edge, innovative online ordering software to the world-wide restaurant and hospitality industry. The Company's product is a highly intuitive software platform that facilitates restaurant consumers ordering their food online from their favorite restaurant. This innovative software provides the restaurateur quantitative benefits that increase revenues, improves efficiency and increases profitability with a relatively small investment. The Company's market in the United States consist of 1.1 million restaurants where last year 45.2 Billion meals were ordered as "take-out" generating $357 Billion take-out annual sales. Less than 5% of restaurants in the United States offer online ordering.

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.