Winning Brands Promissory Notes; Conversion Standstill Agreements
14 March 2017 - 12:00AM
Marketwired
NEW YORK, NEW YORK-(Marketwired - March 13, 2017) - Winning
Brands Corporation (OTC PINK:WNBD) www.WinningBrands.com has posted
a supplemental filing at www.OTCMarkets.com over the weekend
reporting a reduction/deferral of promissory note conversions. The
November 11(th) filing reads as follows:
"Winning Brands has sought and received consent from holders of
key promissory notes that are convertible into equity, to suspend
the issuance of any new shares to these holders in respect of
conversion notices received from this day forward, for not less
than 60 days; the "standstill". Winning Brands is presently
performing the tasks necessary to qualify for a restoration of the
company's OTC Markets quotation tier to the designation "PINK
Current Information", as previously announced publicly. This
standstill will preserve normal trading conditions for Winning
Brands common shares during the "period of anticipation" for the
restoration of the Current Information designation, as well as
after the actual restoration of the Current Information
designation, which may take place within 30 days of this
supplemental information filing. The standstill reflects the desire
of the company to avoid unproductive dilution and demonstrates
goodwill by promissory note holders toward the company and its long
term best interests. No consideration arises to the holders of the
promissory notes nor or any other party, in any form, for the
standstill."
Winning Brands maintains a CEO weblog for the benefit of
shareholders at www.WinningBrandsCorporation.com/blog. It is a
journal of the company's mission, providing answers to many
shareholder questions. It is a regular source of public information
pertaining to the company pursuant to SEC Fair Disclosure
guidelines.
ABOUT WINNING BRANDS CORPORATION: Winning Brands is expanding
its scope to include cooperative product launches with innovators
whose projects can benefit from public company partnership. Winning
Brands has previously been, and continues to be, a manufacturer of
record for advanced environmentally oriented cleaning solutions
such as ReGUARD4(TM) fire service cleaner, KIND(R), 1000+(TM) Stain
Remover, World's Most Versatile Cleaning Solution(TM), and others
through its subsidiary Niagara Mist Marketing Ltd by means of
contract packaging. 1000+ is an alternative to conventional
cleaning solvents for consumers because of its unique desirable
properties; VIDEOS Link; WEBSITE Link. The versatility of 1000+
Stain Remover can be seen on FACEBOOK. 1000+ Stain Remover is
available to U.S. NAVY personnel at 7 NEX depots in Japan, Spain,
Italy and the Middle East; in the U.S. at HOME DEPOT (online),
WALMART (online), DO IT BEST HARDWARE stores and many independent
retailers. In Canada, the leading chain retailer is LOWES HOME
IMPROVEMENT:. 1000+ Stain Remover is also available in select
international markets including Australia, New Zealand, Indonesia,
UK, Serbia and the Caribbean. TrackMoist, ReGUARD4 www.ReGUARD4.com
and BRILLIANT www.BRILLIANTWetCleaning.com are industrial products
by which Winning Brands serves specialized professional
markets.
Safe Harbor: Statements contained in this news release, other
than those identifying historical facts, constitute
"forward-looking statements" within the meaning of Section 21E of
the Securities Exchange Act of 1934 and the Safe Harbor provisions
as contained in the Private Securities Litigation Reform Act of
1995. Such forward-looking statements relating to the Company's
future expectations, including but not limited to revenues and
earnings, technology efficacy, strategies and plans, are subject to
safe harbors protection. Actual Company results and performance may
be materially different from any future results, performance,
strategies, plans, or achievements that may be expressed or implied
by any such forward-looking statements. The Company disclaims any
obligation to update or revise any forward-looking statements.
TrackMoist, 1000+, KIND, ReGUARD4 and BRILLIANT are trademarks of
Niagara Mist Marketing Ltd in connection with indicated uses.
FOR FURTHER INFORMATION PLEASE CONTACT:
Winning Brands INFORMATION and INTERVIEWS:Eric LehnerCEO(705)
737-4062eric@winningbrands.ca
Winning Brands (PK) (USOTC:WNBD)
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