Waterloo, Ontario – The press wire – February 12, 2021, SponsorsOne Inc. (“SPO” or the “Company”), (CSE: SPO) (Frankfurt: 5SO), (OTC: SPONF) (CNSX: SPO.CN), a company that uses its proprietary platform that combines digital marketing, wholesale and retail distribution, branding, and operating and financing capital, giving it a first-come competitive advantage in fast selling exclusive brands focused on the alcohol, functional beverages and hemp industries, announced on Monday, February 9, 2021 that it issued 142,796,816 common shares at a price of $ 0.01 per common share in settlement of debt, thereby reducing Accounts Payable by $ 1,427,968.16 (the “Debt Settlements”). Certain insiders of SPO issued 19,849,016 common shares in settlement of $ 198,490.16 in accounts payable under the debt settlement (the “Insider Debt Settlements”). The Insider Debt Settlements were made under the same conditions as the Debt Settlements.
As they involved parties related to the Company, the Insider Debt Settlements constituted related party transactions within the meaning of the Multilateral Instrument 61-101 – Protection of Holders of Minority Securities in Special Transactions. For more information, please see the material change report filed on SEDAR as of today regarding insider debt settlements.
SponsorsOne is leading the next evolution in branding and digital marketing through influencer marketing, storytelling and digital commerce with the SponsorCoin platform and its highly scalable smart contract-based digital currency. Combined, this allows brands to create and manage exclusive and highly engaged communities of influencers (from pro to micro-influencers) within the social realm. The SponsorCoin platform offers data-driven marketing campaigns that will change the way brands connect with their customers. SponsorCoin is a tool that allows brands to inspire real movement around their products and services. Their most valuable customers become their best sellers, producing a much higher ROI than current social media advertising methods. SponsorsOne, through its wholly owned subsidiary, SponsorsOne Media Inc., provides comprehensive brand creation / management services to all of our brands and manages the influencer communities for each brand. To grow the brand, our wholly owned subsidiary S1 Brands Inc. is building wholesale / retail distribution channels for the brand, acting as a primary distributor. S1 Brands provides brand-name sales and marketing to its extensive network of national wholesalers and retailers and provides order financing to help the brand fulfill every order. Premier Beverage Consortium LLC, is a wholly owned subsidiary and is building a brand for the global spirits market with its flagship “Ready to Drink” product called Doc Wylders. Brand ownership combined with distribution, digital marketing innovation and capital is the winning formula to build the next billion dollar brand. For more information, please visit www.sponsorsone.com
Contact: [email protected]
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
For more information, please visit www.sponsorsone.com
The Canadian Securities Exchange (“CSE”) has neither approved nor disapproved the contents of this press release.
This press release contains forward-looking statements and information based on beliefs of management and reflect the current expectations of the Company. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict” , “May” or “should” and the negative of such words or variations or comparable terminology, are intended to identify forward-looking statements and information. These statements and information reflect the Company’s current opinion with respect to the risks and uncertainties that may cause actual results to differ materially from those contemplated in such forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or other future events to be materially different from results, or future achievements expressed or implied by such forward-looking statements. These factors include, among others, the following risks:
– risks associated with the marketing and sale of securities
– the need for additional financing needs and access to capital, the use of key personnel
– the potential for conflicts of interest between certain officers or directors with certain other projects
– volatility in the volume and price of common shares, failure of business strategy, integrity of the Company’s patents and proprietary intellectual property and competition.
The Company cautions that the above list of risk factors is not exhaustive and is subject to change and there can be no assurance that these assumptions will reflect the actual results of such items or factors. When relying on the Company’s forward-looking statements and information in making decisions, investors and others should carefully consider the above factors, as well as other uncertainties and potential events, including risk factors, set forth in the Company’s listing declaration. The Company has assumed some progress, which may not materialize. It also assumed that the important factors mentioned above would not cause these forward-looking statements and information to differ materially from actual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT ATTACH ANY IMPORTANCE TO FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY ON SUCH INFORMATION AT ANY OTHER DATE. ALTHOUGH THE COMPANY MAY CHOOSE, IT DOES NOT COMMIT TO UPDATING THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED UNDER APPLICABLE SECURITIES LAW.