iBreathe, Inc. entered into an agreement to acquire Dilmax Corp. (OTCBB:DMAX) in a reverse merger transaction on October 10, 2012. Dilmax Corp. will issue approximately 6 million pre-split shares of its common stock as consideration, resulting in the former shareholders of iBreathe controlling approximately 64% of the issued and outstanding common shares of Dilmax Corp. iBreathe was deemed to be the acquirer for accounting purposes.

Upon consummation of the merger, Dilmax will amend its Articles of Incorporation to change its name to Living Breath Project, Inc. The deal is contingent upon the approval of the merger by iBreathe's Board of Directors and a majority of its shareholders. The deal is also contingent upon and will occur simultaneously with the entry by Dilmax Corp. into an exclusive licensing agreement with O'Malley Lifestyle, Inc.