Soupman Inc. (fka SOUPQ)

[Snug Harbour]

BOMBS AWAY

2017-05-23 18:19 ET - News Release

STATEN ISLAND, N.Y., May 23, 2017 /PRNewswire/ -- Soupman, Inc. (OTCQB:"SOUP"), makers of gourmet soup made famous on "Seinfeld", today announced that its Chief Financial Officer and President, Bob Bertrand, has been suspended after being indicted on federal tax fraud charges for alleged misconduct for the period 2010-2014.

"The Company is deeply shocked and saddened by these events. The Company will be immediately launching an internal investigation to determine whether its public filings need to be amended for the period in question or any subsequent period based upon the allegations," said Jamieson Karson, CEO. "Moreover, we expect that this news will not make it easier for us to raise the capital we need to remain in business."