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Thursday, July 20, 2017 8:35:03 AM
The U.S. $1.5 Million securities purchase agreement is beneficial to Winning Brands because it removes the uncertainty of whether Winning Brands shares will be subscribed after Winning Brands' filing with the SEC of Form 1-A becomes effective. The price of the stock under the offering has not been finalized, but will be described in the offering circular in due course, together with all other material details of the securities purchase agreement and Winning Brands operating information. Winning Brands will regain the OTC Markets Pink Current Information Tier and be in full regulatory compliance prior to the filing of the Regulation A offering.
Winning Brands CEO, Eric Lehner, summarizes: "We appreciate the experience and goodwill that GPL Ventures LLC brings to Winning Brands' forward momentum. GPL is based in New York City and has the means and the contacts to deliver results in the funding process. We are moving forward and good new things are happening. Just knowing this is in the works has already made a positive impact. Winning Brands will expand distribution of our fire safety cleaner products to fire departments in Q1 as a result. Without the prospect of the additional capital for growth we would not have been able to make new operational commitments to our new distributor. There is much more that we can do."
FUNDING AND REVENUE SHARING PARTNERSHIPS COMING!!!
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