For Immediate Release
Waterloo, Ontario, Sept 6, 2019: SponsorsOne Inc. (CSE: SPO) (Frankfurt: 5SO), the company that makes small brands BIG through large, engaged, authentic communities of micro-influencers that buy and support the brands they love, announces that it has entered into a letter of intent for the arm’s length acquisition (the “Acquisition”) of all of the issued and outstanding common shares of Verve Beverage Company (“VBC”). In addition, SPO is pleased to announce a non-brokered private placement (the “Private Placement”) of 20,000,000 commons shares at a price of $0.05 per common share with an overallotment option of up to an additional 10,000,000 common shares at $0.05 per common share. In addition, SPO announces that it has issued 600,000 common shares at a price of $0.05 per common share to a consultant in satisfaction of $30,000 of indebtedness.
Subject to due diligence and regulatory approvals, the Acquisition would be completed by SPO issuing 66,000,000 common shares in exchange for all of the issued and outstanding common shares of Verve.
“The acquisition of the VBC extends the brand development strategy of SponsorsOne as we discover unique opportunities to make small brands big”, states Myles Bartholomew, CEO of SponsorsOne. “Particularly in the CBD space, opportunities to work with existing Brands or create new ones has opened up the market opportunity to leverage our internal brand building skills and technology.”
VBC also brings the skill set on wholesale and retail distribution which is complementary to our influencer marketing – direct to consumer channel. SponsorsOne can offer complete multi-channel distribution to Brands going forward under the acquisition. SponsorsOne continues to work with Brands, building direct to consumer marketplaces and will now extend the business to building proprietary in house brands where tremendous market opportunity exists.
All common shares issued under the Private Placement will be subject to a four month and one day statuary hold period pursuant to applicable securities laws.
About Verve Beverage Company
Verve Beverage Company (“VBC”) has licensed the Verve Brand and is a premium energy beverage with over $236 million USD in historical sales in the direct to consumer channel. VBC owns the exclusive distribution license to launch this proven brand into retail stores in the US, Canada and Mexico, leveraging over $150 million dollars spent in marketing and developing the brand. VBC has also built an extensive wholesale and retail distribution network that can be leveraged to sell other Brand’s products. Combining the direct to the consumer strategy with the wholesale/retail distribution SPO can offer a complete sales solution to all its Brands.
About SponsorsOne Inc.:
SponsorsOne is the leader in the next evolution of digital marketing through micro-influence, storytelling and digital-commerce with the SponsorCoin platform and its highly scalable – smart contract based digital- currency. Combined, this allows brands to build and manage exclusive and highly engaged communities of influencers (from pro to micro-influencers) within the social realm. The SponsorCoin platform provides for data-driven marketing campaigns that will change the way brands connect with their customers. SponsorCoin is a tool for brands to inspire real movements around their products and services in which their most valuable customers become their best salespeople, producing far higher ROI than current social media advertising methods.
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
To learn more or inquire please visit http://sponsorsone.com/
The CSE has neither approved nor disapproved the contents of this Press Release.
FORWARD-LOOKING INFORMATION AND STATEMENTS
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements relate to future performance, events or circumstances, and are based upon internal assumptions, plans, intentions, expectations and beliefs. All statements other than statements of current or historical fact constitute forward-looking statements. Forward-looking statements are typically, but not always, identified by words such as “will”, “expect”, “believe”, “anticipate”, “estimate”, “plan”, “forecast”, “potential”, “continue” and similar expressions. By their nature, forward-looking statements are based upon certain assumptions and are subject to numerous risks and uncertainties, many of which are beyond SponsorsOne’s control, including the impact of general economic conditions, industry conditions, current and future commodity prices, currency and interest rates, anticipated production rates, borrowing, operating and other costs and funds from operations, the timing, allocation and amount of capital expenditures and the results therefrom, anticipated results, the sufficiency of budgeted capital expenditures in carrying out planned activities, competition from other industry participants, availability of qualified personnel or services and equipment, stock market volatility, effects of regulation by governmental agencies including changes in environmental regulations, tax laws and royalties, and the ability to access sufficient capital from internal sources and bank and equity markets. This list is not exhaustive.
The forward-looking statements contained in this Press Release are made as of the date hereof and SponsorsOne assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. All forward-looking statements contained in this Press Release are expressly qualified by this cautionary statement.