Ise Blu Equity Corp. Announces Business Approvals
22 May 2007 - 10:30PM
Business Wire
Ise Blu Equity Corp. (Pink Sheets:ISBL) announced today that it has
signed a letter of intent to acquire XGPower, Inc., a marketer of
privately branded hand tools, hand held power tools and large
commercial construction equipment and home use models, plus many
other consumer items. The Stock Purchase Agreement is required to
be completed by June 4, 2007 and funded within 30 days after the
signing. XGPower, Inc. has existed for four years selling through
its store in Whitehouse, NJ and through the web at www.xgpower.com
and fulfilling these orders from a warehouse in New Jersey. Sales
have grown substantially each year and the product line has
expanded to include thirty-one product categories. XGPower now also
sells its products on major web search engines including Yahoo.com,
Amazon.com and EBay. �This acquisition propels the company forward
as an online marketer of consumer and construction products and
will allow us to rapidly expand the delivery of our A Accent D�cor
subsidiaries products to the major search engines and to other
sites linked by XGPower,� stated company President Norman
Birmingham. About Ise Blu Equity Corp. Ise Blu Equity Corp., a
Nevada corporation, is a holding company that specializes in
investments from the Consumer Goods, Entertainment and Technology
sectors. "Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: The statements contained in this
release that are not historical, are forward-looking statements
that are subject to risks and uncertainties that could cause
results to differ materially from those expressed in the
forward-looking statements, including but not limited to, certain
delays and risks detailed from time to time in the company's
filings with the Securities and Exchange Commission."
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