For Immediate Release
Waterloo, Ontario, Oct 4, 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 completed the due diligence and has closed the share purchase agreement into escrow pending the completion of the financing (the “Acquisition”). The acquisition represents the purchase of all of the issued and outstanding common shares of Verve Beverage Company (“VBC”). In addition, SPO continues with the previously announced 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.
The Acquisition when closed, has SPO issuing 66,000,000 common shares in exchange for all of the issued and outstanding common shares of VBC.
“The Infuencers will play a much bigger role in the building of our Brands”, states Myles Bartholomew, CEO of SponsorsOne. “CBD products are an emerging market globally and the instantaneous reach of the influencer can establish brand awareness overnight.”
VBC will expand the wholesale and retail distribution beyond the beverage market for all our participating brands. Discussions have ensued with our current SPO brands about expanding beyond direct to consumer into the retail marketplace through wholesalers. With the Influencers building Brand awareness the consumer will have many ways to buy the product, either online or at their local retailer.
SPO has also obtained a trading symbol for the OTC Markets and is currently pursuing DTC eligibility. Trading symbol is OTC:SPONF and expects the trading to commerce in the near future.
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.