Branded
Legacy, Inc. Has Retired 600 Million Common Shares on Path to
Retire 2 Billion by November 2023
Management Team's Pledge to Preserve Shareholder Value and
Stability
Melbourne, FL -- October 19, 2023 -- InvestorsHub NewsWire
-- Branded
Legacy, Inc
(OTC.PK: BLEG),
a holdings company focused on advancing biotechnical research, is
pleased to announce a significant milestone in its ongoing
commitment to enhance shareholder value. The company has retired
600 million common shares, bringing them closer to their ambitious
goal of retiring at least 2 billion common shares by the end of
November 2023.
This strategic move underlines Branded Legacy's dedication to
strengthening its financial position and streamlining its capital
structure, creating long-term value for its shareholders. The
retirement of these shares reflects the company's confidence in its
future growth prospects.
David Oswald, CEO at Branded Legacy, Inc., expressed his enthusiasm
for this milestone, saying, "We believe that retiring this first
set, totalling 600 million common shares, is a significant step
toward achieving our ultimate goal of retiring roughly 2 billion
total shares. This action underscores our commitment to responsible
corporate governance and aligns with our long-term strategy for the
benefit of our valued shareholders."
The retirement of these shares has been implemented in a carefully
planned manner, with details communicated to shareholders and the
public. Branded Legacy will continue to focus on its core business
and growth initiatives as it moves forward.
Phil White, Chief Compliance Officer, added, "In addition to
retiring a significant number of common shares, our team asserts
that we will not liquidate any officers or directors common shares
for at least one year. This measure is in place to protect the
interests of our shareholders and maintain the integrity of our
stock for a long term."
The management team's decision sends a clear message of their faith
in the company's direction and their commitment to the welfare of
Branded Legacy's shareholders.
The board of directors agrees, by stating: "This move is a
testament to Branded Legacy's unwavering dedication to fostering a
stable and prosperous future for its investors, as the company
continues to make significant strides in the biotechnology sector.
We're proud of the team we have in place, and excited for the
future"
About Branded Legacy:
Branded Legacy Inc. (OTC.PK:
BLEG) is a forward-thinking biotechnology company dedicated to
pioneering innovation in plant-derived medicines and
biotechnological breakthroughs. With a commitment to excellence and
a focus on sustainability, Branded Legacy is dedicated to
developing cutting-edge solutions that contribute to a healthier
and more sustainable future. For more information, please visit our
website at
https://brandedlegacy.com/news/.
Additional information about our leadership team and board of
directors can be found at
https://brandedlegacy.com/leadership/
Media
Contact
Joe Holladay
Branded Legacy
Phone: 321-345-3565
Email:
info@brandedlegacy.com
Website:
https://brandedlegacy.com/
Safe Harbor Statement on Forward-Looking Language:
This release includes forward-looking statements, which are based
on certain assumptions and reflect management's current
expectations. These forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Some of
these factors include general global economic conditions; general
industry and market conditions and growth rates; uncertainty as to
whether our strategies and business plans will yield the expected
benefits; increasing competition; availability and cost of capital;
the ability to identify and develop and achieve commercial success;
the level of expenditures necessary to maintain and improve the
quality of services; changes in the economy; changes in laws and
regulations, includes codes and standards, intellectual property
rights, and tax matters; or other matters not anticipated; our
ability to secure and maintain strategic relationships and
distribution agreements. Dilution, if any, would be for the
purposes of management taking stock in lieu of cash salary. The
company disclaims any intention or obligation to update or revise
any forward-looking
statements, whether as a result of new information, future events,
or otherwise. Additionally, this press release that is not
statements of historical fact may be considered to be
forward-looking statements. Written words such as "may," "will,"
"expect," "believe," "anticipate," "estimate," "intends," "goal,"
"objective," "seek," "attempt," or variations of these or similar
words, identify forward-looking statements. By their nature,
forward-looking statements and forecasts involve risks and
uncertainties because they relate to events and depend on
circumstances that will occur in the near future.