iBrands Corporation Appoints New CEO And Changes Business Focus

Rhea-AI Summary

iBrands Corporation (OTC: IBRC) announced the appointment of Billionaire Frank Ekejija as the new Chairman, President, and CEO, indicating a significant pivot in the company's strategy. The company aims to focus on Merchant/Private Banking, Venture Capital, Asset Management, and Wealth Creation Services. Ekejija emphasized the company's strong capitalization to support global operations. In recent years, NVC Fund Holding Trust capitalized iBrands Corporation by acquiring substantial shares of IBRC Series F and C Preferred Stock, enhancing its financial standing.

Positive

• Appointment of Frank Ekejija is expected to bring fresh perspectives and strong leadership.
• New focus on Merchant/Private Banking and Wealth Creation Services could diversify revenue streams.
• Strong capitalization supports global operations and partnership opportunities.

Negative

• Concerns about continuity and potential experience gaps with a management change.
• -

LAS VEGAS, June 07, 2021 (GLOBE NEWSWIRE) -- iBrands Corporation (OTC: IBRC) (“the Company”), a diversified holdings company, is pleased to announce the appointment of Billionaire Frank Ekejija as its new Chairman, President and CEO and changed the company’s business focus, respectively.

“iBrands Corporation has an enormous intrinsic value because we have loaded the basis for the benefit of the shareholders and stakeholders. Moving forward the company will be engaged in providing Merchant / Private Banking, Venture Capital, Asset Management and Wealth Creation Services to public and private companies. iBrands Corporation is well capitalized to support our admitted partners and clients operations around the world. We are strategically situated and positioned to serve the capital markets,” said Frank Ekejija, new Chairman, President and CEO of iBrands Corporation.

On July 8th 2018, NVC Fund Holding Trust capitalized the company by acquiring 912,094,926 shares of IBRC Series F Preferred Stock priced at $4 per share, and a subsequent capitalization on September 10th 2018 for 1,000,000,000 shares of IBRC Series C Preferred Stock priced at $25 per share.

NVC Fund Holding Trust is the registered and beneficial owner of mineral exploration properties located in Carbon County, Wyoming containing large deposits of gold, silver, platinum, palladium, and rhodium and other valued rich rare earth minerals.

About NVC Fund Holding Trust

NVC Fund Holding Trust is a private equity investor in Natural Resources, Rare Earth, Oil and Gas, Entertainment, Real Estate Development, Merchant Private Banking, Trust Management, Wealth Aggregation, Investment Trading, Blockchain Technology, Fintech Cryptocurrency, and Business Financial Services.

The company can be found at: https://nvcfund.com/

About iBrands Corporation

iBrands Corporation acquires and operates various market brands having unique market positions within sectors. We support entities in FinTech, Blockchain, Artificial Intelligence, Digital Technology, SaaS (software as a service), Capital Raising, Digital Marketing, Electronic Data Interchange, Energy, Mineral Resources, and Real Estate.The company was formerly known as MedSpas of America, Inc. and changed its name to iBrands Corporation in March 2009. iBrands Corporation was founded in 1994. The company can be found at: www.ibrandscorporation.com

Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.

Sources:

https://sec.report/Document/0001747940-18-000002/

https://sec.report/Document/0001747940-18-000003/

http://www.otcmarkets.com/financialReportViewer?symbol=IBRC&id=203769

NVC FUND MINERAL RIGHTS ASSETS

FAQ

What leadership changes occurred at iBrands Corporation on June 7, 2021?

Frank Ekejija was appointed as the new Chairman, President, and CEO of iBrands Corporation on June 7, 2021.

What is the new business focus of iBrands Corporation under Frank Ekejija?

The company will focus on Merchant/Private Banking, Venture Capital, Asset Management, and Wealth Creation Services.

How has NVC Fund Holding Trust influenced iBrands Corporation's financial position?

NVC Fund Holding Trust capitalized iBrands by acquiring significant shares of IBRC Series F and C Preferred Stock, strengthening its financial standing.

What are the expected impacts of Frank Ekejija's appointment on iBrands Corporation?

Ekejija's leadership is anticipated to provide new perspectives and strengthen the company's operational strategy.