Article: IBAC Corporation Forms Bonita Springs Restaurant Group, Inc. as a 100% Wholly Owned Subsidiary for the Acquisition of The Sanibel Steakhouse in Bonita Springs, Florida.

NEW YORK -- IBAC Corporation (PK:IBCX) announced today that they have formed The Bonita Springs Restaurant Group, Inc., a Florida Corporation, as a wholly owned (100%) subsidiary of IBAC for its recently agreed upon acquisition of The Sanibel Steakhouse in Bonita Springs, Florida.

The company and its advisors are considering a reformatting of the restaurants concept/menu that would be more contusive to the area of which would generate greater revenues, the concept under consideration is a international cuisine theme specializing in such fair as poached Chilean sea bass, porterhouse Florentine, kobe beef, tuna sashimi, spaghettini puttanesca and other high end ...

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