NEW YORK -- Sept. 20, 2004 -- Incode Corp. today announced its execution of an agreement to acquire Ignite, an intuitive Web-based utility that allows users to build, edit and maintain their own Web sites and e-commerce stores without any training. Incode expects to close the acquisition of Ignite in line with the completion of Incode's proposed acquisition by BIB Holdings Ltd. ("BIB") (OTCBB: BIBO).
Ignite's technology is based on an easy-to-use and approachable word processor-based interface that gives users the instant ability to build a well-designed Web site and take control of their site and their online sales. Ignite's three basic products, its Web site builder, its Web site editor, and its e-commerce store, are bundled with competitively priced hosting services and are priced on a monthly subscription basis. More information on Ignite's products can be accessed online at www.ignitepowered.com.
Jim Grainer, Incode's president and chief financial officer, stated, "We believe that Ignite's offerings are complementary to our broader product and service mix. Users of Incode's planned MarketCast or KissyKat services, for example, may also need to launch their own financial- or pet-centric Web sites -- the Ignite products would provide these users with the ready ability to launch their own professionally designed site for a reasonably priced recurring subscription. We expect Ignite to accordingly scale with the growth of our other products and services. We are very excited by the inclusion of the Ignite platform in our planned portfolio of successful subscription-based eBusinesses."
About Incode Corp.
Incode was founded in 2004 to acquire, develop and commercialize innovative and profitable subscription-based eBusinesses in the online dating, information, retail, industrial and financial services sectors. Additional information is available online at www.incodetech.com.
About BIB Holdings Ltd.
BIB Holdings Ltd. designs, manufactures, imports, sells and markets branded and non-branded apparel. The company has a showroom in New York, a distribution center in Pennsylvania and a distribution center in Las Vegas, within a Foreign Trade Zone. The company designs, sources and markets a brand of high quality apparel under the m.Sasson, Elk Canyon and New Terrain labels as well as private label. Product lines have included underwear, loungewear and outerwear, as well as accessories such as ties, hats, scarves, gloves, jewelry, backpacks and small leather goods as well as apparel. BIB Holdings Ltd. distributes its clothing via leading retailers throughout the United States and abroad. Additional information is available online at www.msasson.com.
