October 19, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — ICBS Ltd. (OTC: ICBT) said that its board of directors has approved the purchase of Gold Leaf Consultants, Inc., a firm that owns cosmetic and industrial formulas.

Gold Leaf’s product portfolio includes skin care cosmetics, color cosmetics, fragrances, personal & hair care cosmetics and wellness products.

The company also owns industrial formulas for such products as rain repellents and industrial cleaners.

ICBS said it will be introducing these products under a new marketing and distribution company. The new company is scheduled to be operational by February 2011.

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