BrewBilt Brewing Co (BRBL)

[Nistel]

The Company expects to report a net loss of $1,270,227 for the six month period ended September 30, 2015 as compared to a net profit of $540,926 as at the prior comparative period. Results of operations reflect substantive increase to professional fees period over period from $64,950 (2014) to $190,300 (2015) and to general and administrative expense which increased to $245,495 in the current six months ended September 30, 2015 from only $46,443 during the six months ended September 3-, 2014. These increases were offset by a reduction to consulting feees period over period to $14,500 (2015) from $75,000 in the period ended September 30, 2014. The increase to expenditures is directly related to an increase in corporate activity period over period. Additonally, during the six months ended September 30, 2014 the Company reported a gain from the change in derivative liabilties totaling $909,736 as compared to only $17,778 during the current six months ended September 30. 2015. Interest expenses related to the convertbile notes increased to $777,710 in the current six month period as compared to only $122,418 in the prior comparative six months ended September 30, 2014 as the Company continued to finance its operations with convertbile debt instruments.