Sun Kissed
to Focus on
Accelerated
Commercialization of Numuni
NEW YORK, NY --
June 4, 2020 -- InvestorsHub NewsWire -- Sun Kissed Industries
Inc. (OTC
PINK:
SKDI)
("Sun
Kissed",
"SKDI"), an emerging leader in the
development and sale of CBD consumables, digital content
management, and online ad monetization
technology, is excited to report that the
Company has moved to streamline its operational investment targets
by discontinuing payments to Pushnote, opting out of that
acquisition, and redirecting resources toward more impactful
targets, including its recent acquisitions, Numuni Inc.
("Numuni"),
a monetization platform developed for digital media publishers,
software providers, and online games, and Hakuna Supply/Products Group,
Inc. ("Hakuna"), a premier revenue-generating CBD-based products
company located in California.
Carl Grant, Sun
Kissed CEO, commented, "Sometimes, you have to make
difficult decisions to maximize delivery of shareholder value. This
was one of those moments. With a heavy heart, we have
terminated our agreement with the terrific team at
PushNote. It's simply too important
to support Robert Reynolds right now given
what he has shown me. An accelerated path to market
for Numuni has explosive potential.
Hence, we have opted to redirect resources earmarked for the
Pushnote
acquisition into
reducing time to commercialization for Numuni, as market analysis shows this
is where the hot money is."
Management
continues to see enormous promise in its developing relationship
with Robert
Reynolds, the founder and CEO of Numuni. Robert is a
top innovator in
the advertising based virtual currency monetization industry, which
has grown to generate billions of dollars per year. Reynolds' prior
endeavor, CPALeads, was the 40th fastest growing
private company in the US, eventually becoming the largest
incentive-based advertising marketplace in the world, serving ads
to over one billion people worldwide and generating over $100
million in sales.
Current and prospective
shareholders are encouraged to listen to a recent podcast
interview with Reynolds.
Numuni is a
powerful monetization platform developed for digital media
publishers, software providers, and online games. It enables the
privacy-friendly monetization of users' spare computer processing
power, incentivizing participation through premium digital media
content distribution. NuMuni is a revolutionary
solution to the increasing impotence of traditional digital
advertising strategies. Freed resources are pooled to form a
distributed supercomputer that can mine cryptocurrency, run
scientific simulations, train AIs, perform 3D rendering, and
undertake many more tasks.
About
Sun Kissed Industries,
Inc.:
Sun Kissed
Industries Inc. (OTC
PINK:
SKDI) is an emerging leader in the
development and sale of CBD consumables, digital content
management, and online ad monetization
technology.
The Company is pursuing meaningful acquisitions as part of an
aggressive M&A strategy designed to position Sun Kissed as a
dominant player in well-defined, high-growth markets within rapidly expanding
sectors.
About Numuni
Numuni is a
technology platform that aims to disrupt the digital marketplace
for paid content by making use of the vast amount of unused
computing resource that personal computer desktops have. By working
with the world's largest media publication companies, Numuni will
tap into their user base, achieving massive distributed super
computing power. This system will revolutionize the market,
allowing for true, on-demand, scalable computational power for sale
on the Numuni marketplace.
About
Hakuna
Hakuna is an
award-winning CBD-products company, currently nominated for "Best
Hemp-Derived CBD Product" by the California Cannabis Awards after
winning the DOPE Magazine Best New Product award for Southern
California in the non-cannabis/non-tech category in 2017. Hakuna
was also recently awarded "Runner Up" at
the Los Angeles Coffee & Donut Festival People's Choice Coffee
Awards for 2019. Hakuna generates significant revenues with a
substantial distribution footprint, including over 110 established
retail distribution partners across over 20 states in the domestic
US market.
FORWARD-LOOKING STATEMENTS:
This press release
may contain forward-looking statements, including information about
management's view of Sun Kissed Industries Inc.'s future
expectations, plans and prospects. In particular, when used in the
preceding discussion, the words "believes," "expects," "intends,"
"plans," "anticipates," or "may," and similar conditional
expressions are intended to identify forward-looking statements.
Any statements made in this news release other than those of
historical fact, about an action, event or development, are
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, which may cause the
results of Sun Kissed, its subsidiaries and concepts to be
materially different than those expressed or implied in such
statements. Unknown or unpredictable factors also could have
material adverse effects on Sun Kissed's future results. The
forward-looking statements included in this press release are made
only as of the date hereof. Sun Kissed cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, Sun Kissed undertakes no
obligation to update these statements after the date of this
release, except as required by law, and also takes no obligation to
update or correct information prepared by third parties that are
not paid for by Sun Kissed.
SOURCE: Sun Kissed Industries
Inc.
Contact:
invest@sunkissedindustries.com