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IMAGE Worldwide, Inc.: IMAGE Worldwide, Inc. (IMGW) Acquires an Established Packaging and Printing Company and Elects a New CEO

^{Published on 2009-02-03 08:14:05, Last Modified on 2009-02-03 08:15:57 - Market Wire}
 

CHICAGO, IL--(Marketwire - February 3, 2009) - IMAGE Worldwide, Inc. (PINKSHEETS: [ IMGW ]) has completed the acquisition of St. Louis Packaging, Inc. and STL Graphics Group. St. Louis and STL have had extensive experience and success in the packaging, printing, and mailing industry. The combined forces of St. Louis, STL, and IMAGE strengthen the company's ability to provide quality products and services to its clients while increasing revenues and profits instantly. IMAGE Worldwide, Inc. has also sold Club Oasis and elected Steven St. Louis as the new CEO.

St. Louis Packaging, Inc. has been in business for over 12 years and has increased revenues and profits every year. St. Louis Packaging had over $5,000,000 in revenues and over $ 300,000 in net profits in 2008. (These numbers are unaudited and based on tax returns).

The new and improved IMAGE Worldwide, Inc. has 4 current divisions: IMAGE Chicago Magazine & Promotions, All Pro Networks (IT Solutions), St. Louis Packaging, Inc. and STL Graphics Group. IMAGE Worldwide, Inc. is projecting revenues over $6,000,000 with net profits over $300,000 for 2009, and over $7,000,000 revenue with over $400,000 in net profits for 2010.

The acquisition combines a successful packaging and printing company with an established media, marketing, and IT solution company. The combined companies improve the vertical integration of the business units and will focus on cross promoting, cross marketing, and cross selling multiple brands and products while sharing resources to utilize the economies of scales and aggressively pursue additional cost savings and revenue building opportunities to create more value for shareholders.

Invicta Group, Inc. (OTCBB: [ IVIT ]) will still be an important client for IMAGE and with the addition of the printing and mailing company both companies expect improved net results.

Former IMAGE CEO Paul Sorkin said, "My top priorities have always been to find ways to improve this company and help increase shareholder value. I have accomplished both of those goals today. This acquisition continues to add to the diversified revenue sources and is an incredible opportunity to help the company increase current and future revenues and profits while sharing resources and increasing shareholder value. This deal takes a young growing company with millions of website hits, a large database, reputable brands, and a solid foundation to build from and adds a very successful company in St. Louis and STL. The shareholders have a lot to be happy about today."

New CEO of IMAGE Worldwide, Inc., Steven St. Louis, said, "By combining our resources and I am confident that this deal will allow our divisions to build upon a profitable company and continue growing. We are actively pursuing a number of opportunities and possible acquisitions with companies with good synergy to help maximize our shared resources and cross marketing business model and I expect a lot of positive changes."

About St. Louis Packaging

St. Louis packaging has been a broker for packaging supplies for over 12 years and currently offers over 10,000 quality products from well known and trusted brands like 3M, Sealed Air, Intertape, Rubbermaid, Ivex and many more. St. Louis Packaging also offers inventory management services, along with all custom cartons, bags and displays. [ www.StlouisPackaging.com ]

About STL Graphics Group

STL Graphics group is a print and mailing broker that offers design support, web, sheet-fed, and digital printing and mailing services. [ www.STLgraphicsgroup.com ]

About IMAGE Chicago Magazine

IMAGE Chicago Magazine is an entertainment and lifestyle magazine that focuses on everything in fashion and entertainment for the Windy City. IMAGE provides its readers with the latest on what's hot today and what will be tomorrow. IMAGE features the best in celebrity interviews, editorial content on fitness, fashion, beauty, music, relationships and more, along with some incredible fashion spreads and photo galleries. By using both print and online media IMAGE has created an interactive relationship with its readers and continues to inform and entertain. [ www.IMAGEchicago.com ].

About Oasis Entertainment Venue

Club Oasis ([ www.ClubOasisKy.com ]) is a nightclub/concert venue in Louisville, Kentucky. The venue inside fills 15,000 square feet and is on 2 1/2 Acres of land. Oasis has a 1500 person capacity and the benefit of a 4:00 A.M. liquor license. Oasis also has the ability to host outdoor events on its 13,000 square foot deck.

About All Pro Networks

All Pro Networks is a comprehensive IT SOLUTIONS company specializing in PC sales and repair, networking, SEO, and cost-saving custom technology solutions for your home or small business. Their commitment to competitive pricing, personal service and quality products has firmly established All Pro Networks as a premier IT solutions provider servicing clients in the entire Chicago region.

About Invicta Group, Inc.

INVICTA GROUP, Inc. (OTCBB: [ IVIT ]) is a multimedia advertising and marketing company. INVICTA is vertically integrated with properties including a travel and ticket broker, high-end direct mailing book, and a promotional and marketing company. INVICTA utilizes a combination of different forms of media and promotions to help clients market their products and services in print, internet, promotions, and event planning. Invicta specializes in the Travel and Entertainment Industry. The company utilizes a number of websites and a large database to link travel enthusiasts and customers with products to fulfill their travel and entertainment needs. Some of the services include ticket bookings for hotels, airlines, car rental, cruise packages, sporting events, theatre and concerts. The 8 main websites are: [ www.Travelhotlink.com ], [ www.Cruisehotlink.com ], [ www.Airhotlink.com ], [ www.Hotelhotlink.net ], [ www.Autohotlink.net ], [ www.Citybooksavings.com ], [ www.IMAGEsandiego.com ], and [ www.Tickethotlink.com ]

About IMAGE Worldwide, Inc.

IMAGE Worldwide, Inc. (PINKSHEETS: [ IMGW ]) is a full service interactive multimedia marketing, printing, packaging, mailing, and advertising agency. IMAGE is vertically integrated with properties including a fashion/entertainment magazine, IT solutions company, promotional and marketing companies, a Packaging company, and a Print and Mailing company. IMAGE utilizes a combination of different forms of media and promotions to help clients showcase and market their IMAGE in print, online, and at events. [ www.IMAGEworldwide.com ].

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.