Ise Blu Equity (CE) (USOTC:ISBL)
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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 Décor
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."