Winning Brands Activates Non-Dilutional Working Capital Financing Program Brings JV Programs Closer

Date : 03/06/2019 @ 6:03PM
Source :InvestorsHub NewsWire
Stock : Winning Brands Corp. (PC) (WNBD)
Quote : 0.0002  0.0 (0.00%) @ 8:04PM

Winning Brands Activates Non-Dilutional Working Capital Financing Program Brings JV Programs Closer

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.

 

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