Winning Brands Activates Non-Dilutional Working Capital Financing Program Brings JV Programs Closer
07 March 2019 - 5:03AM
InvestorsHub NewsWire
Winning
Brands Activates Non-Dilutional
Working
Capital Financing Program
Brings JV Programs Closer
New
York, NY -- March
6,
2019
-- InvestorsHub NewsWire -- Winning
Brands
Corporation (OTC.WNBD)
www.WinningBrands.com
has taken
the first step in activating a non-dilutional working capital
funding program as an alternative to convertible note financing or
other share issuance methods, in order
to provide
working capital for growth. A first installment from
an initial participant has been processed today. Further participation is
anticipated based on interest expressed.
Winning Brands
had recently discussed in
its social media accounts the company's
preference
to avoid dilutive financing while still pursing certain
joint
venture ambitions as well as
restoration
of its PINK
Current
Information Tier under the OTC Markets
alternative reporting guidelines. The discussion
appears in a CEO weblog maintained
for Winning Brands
shareholders
at
www.WinningBrandsCorporation.com/blog. It is a journal of the
company's mission, providing answers
to shareholder
questions. The
weblog is a regular source of
public information pertaining to
Winning Brands, pursuant to SEC Fair
Disclosure guidelines. Winning Brands CEO
Eric Lehner also maintains a
Twitter presence:
www.Twitter.com/WinningCEO.
There is no
pre-set maximum amount of
the Winning Brands
working
capital loan structure
discussed
with shareholders;
however,
minimum
installments of $10,000 have been
stipulated. The first participant
has today
made the
required minimum
advance,
based on a 15%
APR
(annual percentage
rate) Working Capital
Financing Promissory Note format. Each
advance is
to be settled in installments between 90-180 days from the date of
advance. The advance is not convertible into company stock. Such
advances are linked by the company
to specific
operational goals that the company has already discussed publicly
in the CEO weblog. In this manner
shareholders can provide short term assistance to
their company, helping it to
progress to specific goals and
seeing their funds at work through
public operational updates.
The program
is not a
securities offering, and is not subscription-based because
it is not
convertible to any form of stock, nor is the
arrangement transferable to any
third party or marketplace. Advances will be treated
as short term liabilities for reporting purposes.
As a consequence of the
commencement of the program, and
the first $10,000 participant, the company is targeting the
announcement in March of a new joint
venture which will bolster
Winning Brands reach into a
new market to increase
cashflow.
Evidence of
the implementation of this
non-dilutive
working capital program was needed
by Winning Brands
management,
and the joint venture partner, to move to the next
stage
of their JV planning.
Winning Brands CEO, Eric
Lehner, comments: "The dollar
amount of
this particular
transaction
is trivial in the big
picture. The size is not
the
significance
of this
event, nor the reason for this
information release.
Instead, it
is the fact that our
mechanism now
exists and has its first
participant. This illustrates that interested
parties now have a
practical
way
to participate
-
it's
not just theoretical. The $10,000 minimum
installment size makes the program accessible
to many shareholders.
We
appreciate the leadership of our first
participant. Their action
will be
beneficial to us all, as will be the
support of additional participants. It is
healthy for everyone's interests. The more
participation there
is,
the faster and better our progress can be."
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 of
effort: Winning Brands has
previously been, and continues to be, a manufacturer of
record
for advanced
environmentally
oriented projects as it expands
its product
scope going
forward for the benefit of its shareholders.
A
MESSAGE FOR WINNING BRANDS SHAREHOLDERS: No arrangements have
been made, and none are contemplated at this time, for the issuance
of new shares for the conversion of convertible debt in connection
to this news release. Furthermore, no arrangements have been made,
and none are contemplated at this time, for a reverse split of
stock.
General Corporate and Business Development:
Eric Lehner,
CEO
WINNING
BRANDS
92 Caplan Avenue, Suite
134
Barrie, Ontario L4N
9J2
Tel: (705) 737-4062 ,
Ext. 8
eric@winningbrands.ca
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. 1000+ Stain Remover is a
trademark of Niagara Mist
Marketing Ltd.
Winning Brands (PK) (USOTC:WNBD)
Historical Stock Chart
From Nov 2024 to Dec 2024
Winning Brands (PK) (USOTC:WNBD)
Historical Stock Chart
From Dec 2023 to Dec 2024
