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Monday, March 17, 2008 1:02:20 PM
Letter from Eric about reporting, start from bottom:
Hello Mr. XXXXXXX,
Thank you for your kind thoughts – and for the opportunity of answering your question. The transition from Non-Reporting Issuer to Reporting Issuer has an intermediate step of Non-Reporting Issuer with Voluntary Disclosure. It is possible that this will be our progression. I have been careful not to provide specific dates for these possible transitions because it is in the company’s culture to do what it says it will do. Until there is certainty about that issue, we consider it more honest to leave this in the category of under review.
The relative merits of being a reporting issuer can be discussed at great length because the costs and constraints which follow from reporting status are not necessarily matched by improved access to capital.
My assessment is that Winning Brands must solidify the business foundation on which it is standing with more concrete and statistically projectable revenue sources that would satisfy the more conservative investment dealerships so that if such a transition from one state to another takes place the continuing access to capital is already planned and determined in advance according to the new status.
If in the interim we file voluntary disclosure documents then we also need to ensure that it is something that will be done without inadvertently forfeiting our Non-Reporting status.
Please do rest assured the subject is under active discussion in the company.
Thank you for your interest in Winning Brands Corporation and for being part of the shareholding family.
Sincerely,
Eric Lehner, CEO
Winning Brands Corporation
www.WinningBrands.ca
-JM2C
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