CBD Life Sciences Inc (CBDLD)

[traderpie]

CRE8TIVE WORKS CLARIFIES RECENT COMMON STOCK ISSUANCE & INCREASE IN AUTHORIZED COMMON SHARE CAPITAL

SCOTTSDALE, ARIZONA, May 22, 2017 (OTC Markets) – Cre8tive Works, Inc. Ticker “FILM” (the “Company”) would like to clarify for its shareholders the increase in common stock as reported on the most recent quarterly report.

During the first quarter of 2017, the Company issued 605,539,634 common shares from treasury. The majority was in settlement of outstanding accounts payable and convertible debt which has been on the books going back to 2014. Management felt that it was in the best interest of its shareholders and the development of its business to settle this debt through the issuance of common stock. Any common stock issued from treasury is subject to applicable securities regulations which normally include a ONE YEAR hold from the date of issue. Any affiliates or insiders receiving stock are also subject to Rule 144 dribble out.

“Any issuance of our Company’s common stock is done only after careful consideration” stated Lisa Nelson, President of Cre8tive Works. “In order to move our business model forward we have to raise working capital and in order to do that we either go into debt or issue equity. As we are a public company, we will utilize the ability to issue common stock but only if it considered in the best interest of the Company and its shareholders,” continued Ms. Nelson.

The Company’s current authorized common stock is set at 7 billion. Management would like to assure shareholders that there are no current plans to utilize this increase.

“I want to thank all of our shareholders for their patients and loyalty while we undergo this turn around,” stated Lisa Nelson, President of Cre8tive Works. “Our goal for the first three months of 2017 was to strengthen the balance sheet and reduce the debt while commencing the development of a minimum of two commercially viable film projects. We accomplished this and I want to assure everyone that management is doing everything it can to develop the Company on tight budget. I also want to add that if all of our shareholders bought stock with the intention of investing and not flipping, our stock price would drastically appreciate. For the record, the management of Cre8tive Works has not deposited nor sold any shares, nor do they plan to, nor are they able to under Rule 144. We are here for the long haul. We have a solid business plan which we are in the process of executing and those shareholders that believe and are patient will be rewarded,” continued Ms. Nelson.


https://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=25577

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