NEW YORK, April 24, 2013 /PRNewswire/ -- Winning Brands
Corporation (OTC Pink: WNBD) www.WinningBrands.com announces that a
reverse split of its common stock will go into effect as of
April 25, 2013 on a basis of 1:500. A
90% reduction in the current authorized level of common stock will
be implemented by the Winning Brands Board, providing a new lower
common share cap of 500 million.
The result of the action will be a reduction in the number of
Winning Brands common shares outstanding to 9,996,078 as of
April 25th. No fractional shares will
be issued. The trading symbol will be WNBDD for 20 days in order to
designate the corporate action, following which the symbol will
revert to WNBD. The new CUSIP Number will be 975012204.
Winning Brands CEO, Eric Lehner,
comments further: "There are two benefits to the company from this
action. The first pertains to corporate finance. This share
consolidation is a step toward the company's previously announced
plan to become registered with the Securities & Exchange
Commission by adopting a more conventional share structure and thus
providing a more attractive basis for financing the registration
related activities. Appointment of auditors registered with the
PCAOB (Public Company Accounting Oversight Board) will follow. If
SEC registration is obtained, Winning Brands will seek quotation at
the OTCQB level of www.OTCMarkets.com with possible dollar volume
liquidity advantages for shareholders. The second benefit to
Winning Brands is an improved basis to accelerate operational work,
including the recruitment of new sales personnel, with the top
priority being the hiring of U.S. sales management."
Most Winning Brands common shareholders do not need to take
special steps in order for their holdings to be converted into the
new shares, because this will be carried out automatically by FINRA
member investment dealerships before and during trading
transactions, with restated holdings appearing automatically in
electronic accounts, pertaining to the new CUSIP number. Winning
Brands shares are not currently eligible for clearance through all
brokerages and implementation procedure amongst organizations may
vary.
All shareholders are invited to e-mail the company with
questions. The questions will be tabulated and form the basis of a
conference call to be announced in the first week of May, in which
answers, clarification and further explanation will be provided.
Please address all enquiries to the Office of the Assistant to the
CEO: Jean@WinningBrands.ca. Mr. Lehner maintains a CEO weblog for
the benefit of shareholders at
www.WinningBrandsCorporation.com/blog. It serves as an overview of
operational highlights, provides answers to many shareholder
questions and should be considered a source of public information
pertaining to the company pursuant to SEC Fair Disclosure
guidelines.
Mr. Lehner concludes: "This is a case of Winning Brands
advancing. The reverse split is part of an assertive registration
and company uplisting effort. Winning Brands has risen upward
through the OTC ranks of non-reporting issuers in our formative
years to reach the highest available level in Pink Sheets, "Current
Information". Now we are targeting the next level up - OTCQB. In
the business, we have earned very desirable retailer relationships
as a foundation for success. We must increase consumer awareness of
our products and consumer traffic to these well-known retailers.
Additionally, aggressive business development in the industrial and
commercial sectors with our existing products, as well as new ones
that are currently under development, is being planned. The bottom
line is that we can accomplish a great deal more and are ambitious
to get it done. We continue to mature as a young publicly held
venture and look forward to deepening our relationships on all
sides".
ABOUT WINNING BRANDS CORPORATION: Winning Brands is a
manufacturer of advanced cleaning solutions including 1000+ Stain
Remover, World's Most Versatile Cleaning Solution™, through its
subsidiary Niagara Mist Marketing Ltd. www.1000Plus.ca 1000+ is an
alternative to conventional cleaning solvents and is considered to
have unique desirable properties. 1000+ Stain Remover is a Schedule
Contract Holder under the U.S. Government's General Service
Administration www.WinningBrandsGOV.com and is now registered with
the U.S. Department of Defense EMALL. The innovative stain remover
and multi-cleaner was known during early marketing as Winning
Colours. The brand's remarkable cleaning characteristics in
household, commercial and industrial applications can be seen on
Facebook (www.facebook.com/1000PlusStainRemover) and Youtube
(www.youtube.com/results?search_query=1000%2B+stain+remover&oq=1000%2B+Stain+&aq=0&aqi=g1&aql=&gs_sm=c&gs_upl=5756l10795l0l13588l12l12l0l1l1l0l219l1669l2.6.3l11l0).
1000+ Stain Remover is available coast-to-coast in Canada in some of that country's largest
retailers and a growing number of U.S. outlets. Winning Brands
intends to launch complementary products to its existing channels
and expand its reach into additional sectors of its marketplace.
The company's goal is that 1000+ and its other Winning Brand peer
products become household names and favourites in their categories.
Additional key brands include CLEAN1 Hard Surface Cleaner, KIND
Laundry Products and ReGUARD4 bunker gear cleaning solutions for
firefighters.
PRODUCT INFORMATION and INTERVIEWS:
Jean Wursten-May, Assistant to the
CEO
220A-11 Victoria Street, Barrie, Ontario,
Canada L4N 6T3
Tel: (705) 737-4062 Fax: (705) 737-9793
jean@winningbrands.ca
1000+, CLEAN1, KIND and ReGUARD4 are trademarks of Niagara Mist
Marketing Ltd in connection with indicated uses. 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.
SOURCE Winning Brands Corporation