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So you are suppose to get excited, cheer, clap, celebrate, sing hallelujah with this. It's nothing. He has nothing. And when he does, have something, for real, that looks positive I'll say so. But when he puts out a disaster financial report will you say it was poor?
Winning Brands Corporation Debt RestructuringPress Release | 03/10/2025
March 10, 2025
OTC Disclosure & News Service
Dover, DE —
This release includes additional documents. Select the link(s) below to view.
March 10 2025 WNBD Debt Restructuring.pdf
https://www.otcmarkets.com/otcapi/company/dns/news/document/80732/content
https://www.otcmarkets.com/stock/WNBD/news/Winning-Brands-Corporation-Debt-Restructuring?id=470106
Canadian Western Western Trust Company v Friedrich ( Eric ) Lehner, CEO of Winning Brands Corporation
ONTARIO
SUPERIOR COURT OF JUSTICE
B E T W E E N:
CANADIAN WESTERN TRUST COMPANY
Plaintiff
-and-
FRIEDRICH NIKOLAI LEHNER
Defendant
STATEMENT OF CLAIM
TO THE DEFENDANT(S)
A LEGAL PROCEEDING HAS BEEN COMMENCED AGAINST YOU by the Plaintiff(s). The claim made against you is set out in the following pages.
IF YOU WISH TO DEFEND THIS PROCEEDING, you or an Ontario lawyer acting for you must prepare a Statement of Defence in Form 18A prescribed by the Rules of Civil Procedure, serve it on the Plaintiff(s) lawyer(s) or, where the plaintiff(s) do(es) not have not a lawyer, serve it on the plaintiff(s), and file it, with proof of service, in this court office, WITHIN TWENTY DAYS after this statement of claim is served on you, if you are served in Ontario.
If you are served in another province or territory of Canada or in the United States of America, the period for serving and filing your statement of defence is forty days. If you are served outside Canada and the United States of America, the period is sixty days.
Instead of serving and filing a Statement of Defence, you may serve and file a notice of intent to defend in Form 18B prescribed by the Rules of Civil Procedure. This will entitle you to ten more days within which to serve and file your Statement of Defence.
IF YOU FAIL TO DEFEND THIS PROCEEDING, JUDGMENT MAY BE GIVEN AGAINST YOU IN YOUR ABSENCE AND WITHOUT FURTHER NOTICE TO YOU. IF YOU WISH TO DEFEND THIS PROCEEDING BUT ARE UNABLE TO PAY LEGAL FEES, LEGAL AID MAY BE AVAILABLE TO YOU BY CONTACTING A LOCAL LEGAL AID OFFICE.
TAKE NOTICE: THIS ACTION WILL AUTOMATICALLY BE DISMISSED if it has not been set down for trial or terminated by any means within five years after the action was commenced unless otherwise ordered by the court.
Date: Issued by:_____________________________
Local Registrar
Address of Court Office:
75 Mulcaster Street
Barrie, Ontario
L4M 3P2
TO: FRIEDRICH NIKOLAI LEHNER
3 Lismer Blvd
Barrie, Ontario
L4N 4B7
1. THE PLAINTIFF CLAIMS:
a) Payment by the Defendants, FRIEDRICH NIKOLAI LEHNER, of the sum of $384,335.12 now due under a mortgage with interest at the rate 12.99% per annum until Judgment calculated as follows:
(i) The sum of $263,750.00 for mortgage principal;
(ii) The sum of $107,633.58 for interest arrears to Oct 15, 2024;
(iii) The sum of $350.00 for NSF/Missed Payment fees;
(iv) The sum of $1,500.00 for Default Administration Fees;
(v) The sum of $8,565.27 for Three Month Interest Penalty;
(vi) The sum of $1,971.27 for outstanding Interest Adjustment;
(vii) The sum of $565.00 for appraisal fee;
b) Pre-judgment and post-judgment interest on the aforesaid sum of $384,355.12 from the 15th day of October, 2024 to the date of payment at the rate of 12.99% per annum in accordance with the terms of the said mortgage.
c) Possession of the mortgaged property as set out herein.
d) Costs of this action on a solicitor and client basis.
e) Such further and other relief as this Honourable Court may deem just and proper in the circumstances.
2. The Plaintiff, CANADIAN WESTERN TRUST COMPANY, is a corporation with it’s head office in the City of Vancouver, in the Province of British Columbia.
3. The Defendant, FRIEDRICH NIKOLAI LEHNER, is an individual residing in the City of Barrie, in the Province of Ontario.
4. The Plaintiff’s claim is on a mortgage registered against the property located at 3 Lismer Boulevard, Barrie, Ontario, described more fully below, made between FRIEDRICH NIKOLAI LEHNER as mortgagor and CANADIAN WESTERN TRUST COMPANY as mortgagee, which mortgage was registered on the 20th day of December, 2019 as instrument number SC1651103 at the Registry Office for SIMCOE (LRO #51).
5. Under the aforementioned mortgage, the Defendant, FRIEDRICH NIKOLAI LEHNER, mortgaged the lands and premises as described hereunder for the principal sum of $263,750.00 and interest on that sum at the rate of 12.99% per annum.
6. The mortgage provides for the following terms and payment of interest as follows:
STANDARD CHARGE TERMS - The parties agreed to be bound by the provisions in Standard Charge Terms filed as number 200033 and the Chargor/Mortgagor hereby acknowledges receipt of a copy of these terms. These Standard Charge Terms provided for, among other things, pre- and post-judgment interest on the monies due and owing, payment of any costs incurred by the Plaintiff in recovering under the mortgage on a solicitor and client basis, possession of the mortgaged property upon default under the mortgage and acceleration of payment of the monies advanced under the mortgage upon default.
PAYMENT PROVISIONS -
a) Principal Amount ................................................................................$263,750.00
b) Interest Rate ................................................................................................ 12.99%
c) Calculation Period ...................................... MONTHLY, NOT IN ADVANCE
d) Interest Adjustment Date .......................................................... January 10, 2020
e) Payment date .................................................... 10th DAY OF EACH MONTH
f) First Payment Date.................................................................. February 10, 2020
g) Last Payment Date .................................................................... January 10, 2021
h) Amount of each payment ......................................................................$2,855.09
i) Balance due date ........................................................................ January 10, 2021
j) Insurance ................................................................ FULL INSURABLE VALUE
7. With respect to the Defendant’s obligation to insure the property, the Standard Charge terms as executed state as follows:
“The Chargor will immediately insure, unless already insured, and during the continuance of the Charge keep insured against loss or damage by fire, in such proportions upon each building as may be required by the Chargee, the buildings on the land to the amount of not less than their full insurable value on a replacement cost basis in dollars of lawful money in Canada.”
8. With respect to the Plaintiff(s) claim for post-judgment interest, the Standard Charge Terms as executed state as follows:
“In case default shall be made in payment of any sum to become due for interest at the time provided for payment in the Charge, compound interest shall be payable and the sum in arrears for interest from time to time, as well after as before maturity, and both before and after default and judgment, shall bear interest at the rate provided for in the Charge. In case the interest and compound interest are not paid within the interest calculation period provided in the Charge from the time of default a rest shall be made, and compound interest at the rate provided for in the Charge shall be payable on the aggregate amount then due, as well after as before maturity, and so on from time to time, and all such interest and compound interest shall be a charge upon the land.”
9. With respect to the Plaintiff(s) claim for costs on a solicitor and client basis, and for the amounts paid to the first mortgagee on title, the Standard Charge Terms as executed provide as follows:
“The Chargee may pay all premiums of insurance and all taxes, rates, levies, charges, assessments, utility and heating charges which shall from time to time fall due and be unpaid in respect of the land, and that such payments, together with all costs, charges, legal fees (as between solicitor and client) and expenses which may be incurred in taking, recovering and keeping possession of the land and of negotiating the Charge, investigating title, and registering the Charge and other necessary deeds, and generally in any other proceedings taken in connection with or to realize upon the security given
in the Charge (including legal fees and real estate commissions and other costs incurred in leasing or selling the land or in exercising the power of entering, lease and sale contained in the Charge) shall be, with interest at the rate provided for in the Charge, a charge upon the land in favour of the Chargee pursuant to the terms of the Charge and the Chargee may pay or satisfy any lien, charge or encumbrance now existing or hereafter created or claimed upon the land, which payments with interest at the rate provided for in the Charge shall likewise be a charge upon the land in favour of the Chargee. Provided, and it is hereby further agreed, that all amounts paid by the Chargee as aforesaid shall be added to the principal amount secured by the Charge and shall be payable forthwith with interest at the rate provided for in the Charge, and on default all sums secured by the Charge shall immediately become due and payable at the option of the Chargee, and all powers in the Charge conferred shall become exercisable.”
10. Default in payment of the Plaintiff’s mortgage took place on March 10, 2022 when the Defendants failed to make the monthly interest-only payment due in full, and still continues to this day. Furthermore this mortgage has matured and come due.
11. There is now due and owing under the said mortgage the following:
Principal $ 263,750.00
Interest Arrears $ 107,633.58
NSF/Missed Payment Fees $ 350.00
Default Admin Fees $ 1,500.00
Three Month Interest Penalty $ 8,565.27
Outstanding Interest Adjustment $ 1,971.27
Appraisal Fee $ 565.00
Total $ 384,355.12
10. The Defendant, FRIEDRICH NIKOLAI LEHNER is liable to pay these sums and subsequent interest at the mortgage rate of 12.99% per annum. Furthermore, the Plaintiff is entitled to possession of the mortgaged property, pursuant to the Standard Charge Terms and the Mortgages Act.
11. The following is a legal description of the mortgaged property:
PIN NUMBER: 58743-0214 (LT)
PT LT 115 N/S BAYVIEW RD PL 602 INNISFIL AS IN RO1315720; BARRIE
** Municipally known as: 3 LISMER BOULEVARD
BARRIE, ONTARIO
L4N 4B7
Matthew E Gibson
M GIBSON LEGAL PC
69 John Street S. Suite #300
Hamilton, Ontario
L8N 2B9
(LSO #64039J)
Ph: 905 522-3724
Fax: 905 529-1570
Solicitor for the Plaintiff
1000+ Stain Remover is available again both as a 3-pack SKU (Stock Keeping Unit) and a single bottle SKU on Home Depots online platform.
WINNING BRANDS CORPORATION - GESTURETEK - RECEIVES NEW ASSIGNMENT FROM MUSEUM OF THE BIBLE IN WASHINGTON, D.C.Press Release | 12/18/2024
Winning Brands Corporation, Delaware, (OTC:WNBD) has been awarded a new assignment to enhance/upgrade its existing GestureTek GroundFX equipment installation at Washington, D.C.s Museum of the Bible. https://www.museumofthebible.org/.
Winning Brands Corporation (WNBD) acquired GestureTek patent protection rights and GestureTek's business legacy in 2022 with the intention to create a technology division for WNBD. GestureTek is a method of creating gesture-controlled interactive experiences for people in public spaces, or in certain medical applications. The GestureTek system projects audio/visual imagery on floors, walls and other surfaces that react to peoples body movements without touch. These movements can be deliberate or random to create far-reaching interactive immersive experiences. GestureTek is respected amongst audio-visual systems integrators in America and elsewhere. Sample medical uses can be seen here: www.GestureTekHealth.com.
The Museum of the Bible in Washington, D.C. has been a satisfied GestureTek client for years, and is reinvesting to keep its equipment up-to-date for the benefit of its many visitors.
Winning Brands Corporation CEO, Eric Lehner, comments, "Winning Brands Corporation looks forward to a number of new GestureTek installations in America in 2025, to be announced as soon as possible. We appreciate the customer affirmation that such upgrades and reinvestments represent. The Museum of the Bible in Washington is a well-known and popular attraction. GestureTek's customer base includes some of Americas foremost corporations and public agencies.
Mr. Lehner concludes - "Our plan is to also deploy GestureTek in grocery stores and similar retail environments where consumer products are sold to provide consumer product brands with a new way to advertise and engage consumers at point of sale for maximum impact. GestureTek placement into such settings is a cross-over application that leverages Winning Brands Corporation's experience in the consumer product environment. An initial Vancouver installation was previously announced. A follow-up prototype installation is targeted for Q1 2025 with a supermarket partner who has already been identified and has agreed to participate."
Winning Brands Corporation (Delaware) is a holding company with subsidiary interests in the chemical sector (specialty cleaning products sold by retailers) and specialized high-tech systems (gesture controlled interactive immersive experiences used by institutions). The lead consumer product website for 1000+ Stain Remover is www.1000PlusStainRemover.com. The lead gesture controlled interactive immersive experiences, called GestureTek, can be seen atwww.GestureTekHealth.com
MEDIA CONTACTS:
Winning Brands Corporation
Eric Lehner, CEO
(705) 737-4062, Extension 8
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 revenue and earnings, technology efficacy, strategies and plans, etc 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.
https://www.otcmarkets.com/stock/WNBD/news/WINNING-BRANDS-CORPORATION---GESTURETEK---RECEIVES-NEW-ASSIGNMENT-FROM-MUSEUM-OF-THE-BIBLE-IN-WASHINGTON-DC?id=462805
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