SWIM:CC - SWMBRD Announces Entry into Consulting Agreement and Grant of Restricted Share Units
(TheNewswire)
THIS NEWS RELEASE IS NOT FORDISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FORDISSEMINATION IN THE UNITED STATES
VANCOUVER, BC – TheNewswire - November 7,2023: SWMBRD Sports Inc. (CSE:SWIM) (“SWMBRD” or the“Company”) announces that it has entered into a consultingagreement with Mr. Peter Korver (DBA) Liink Holding B.V. (the“Consultant”) to provide various business development and brandexecution services to the Company. The Company has agreed to engageMr. Korver for a term of 12 months, subject to earlier termination bythe Company upon 30 days’ written notice, or by the Consultant orupon 30 days’ written notice. For the first two months of the term,the Company has agreed to grant Mr. Korver 266,666 RSUs inconsideration for his services. For the third month of the term andthereafter, the Company has agreed, subject to finances, to pay Mr.Korver a monthly cash fee of $4,000. Alternatively, the Company andMr. Korver may agree on additional grants of RSUs in lieu of the cashpayments.
Peter Korver is an accomplished professional with a strong backgroundin the International Sports/Retail Industry. Throughout his career hehas held prominent positions as a managing director and Beneluxregional sales director for renowned companies such as Nike, Puma,HI-TEC and Brunotti among others.
In 2015 Peter was placed at the helm of iconic Dutch outdoor brand TheNomad Company after the owner and managing director Barry Kooijmanspassed away in the tragic MH-17 plane crash. In 2008 Peter was namedGeneral Manager EMEA- Dobotex International (today known as: stitchd ). Headquartered in TheNetherlands, stitchd isEurope’s fastest moving product licensee, representing globalA-brands like PUMA, Tommy Hilfiger, Levi’s, and HEAD.
Peter is located in Haarlem, near Amsterdam, The Netherlands - aprominent hub of major sporting goods brands and investment funds. Hisprimary task is to present SWMBRD to this audience with the intentionof securing strategic level investment and/or staged acquisition.Peter will also work with the qualified team assembled by SWMBRD overthe past months maximizing revenues and ensuring that all market andproduct development is aimed at tangibly increasing thepartnership/acquisition appeal of SWMBRD: the board and the brand.
About RSUs
Each RSU represents the right to receive, once vested, one commonshare in the capital of the Company. In accordance with the policiesof the Canadian Securities Exchange, all of the 266,666 RSUs andcommon shares underlying such RSUs are subject to a hold period offour months and one day from the date of issuance.
None of the securities acquired will be registered under the UnitedStates Securities Act of 1933, as amended (the “1933 Act”), andnone of them may be offered or sold in the United States absentregistration or an applicable exemption from the registrationrequirements of the 1933 Act. This news release shall not constitutean offer to sell or a solicitation of an offer to buy nor shall therebe any sale of the securities in any state where such offer,solicitation, or sale would be unlawful.
About SWMBRD Sports Inc.
SWMBRD Sports Inc. is a Vancouver, B.C. based sporting goods companylooking to enable millions to rethink their way of recreating in thewater. Management believes that SWMBRD’s proprietary aquatic sportsboard, by virtue of its patented design, is revolutionary in how itempowers the human body in the water like nothing before, giving waterlovers of all ages and abilities the freedom to explore all aquaticenvironments with ease. By offering an aquatic board sport that isversatile, easy to use, easy to store, and which can be used by allages and body types in any body of water (rivers, oceans, lakes andpools), the Company believes SWMBRD and the sport of swimboarding hasthe potential to become one of the most popular board sports in theworld, and a great aquatic brand. The Company has refinedmanufacturing techniques most relevant to the SWMBRD and hassuccessfully produced demonstration fleets of fully functioningboards, which have been in rigorous real-world use in Hawaii, Canadaand Greece. The Company has now commenced large scale mass productionunder an OEM agreement with Tahe Outdoors, Vannes, France - thepreeminent board sport manufacturer in Europe.
For further information please contact:
Justin Schroenn – President, Chief Executive Officer and Director
E-mail: justin.schroenn@swmbrd.com
Telephone: 778-870-1497
Matthew Schroenn – Vice President and Director
E-mail: matthew.schroenn@swmbrd.com
Telephone: 604-375 4664
Gareth Schroenn - Vice President
E-mail: gareth.schroenn@swmbrd.com
Telephone: 604-339-2721
Forward-Looking Statements
Certain statements in this press release are forward-lookingstatements and are prospective in nature. Forward-looking statementsare not based on historical facts, but rather on current expectationsand projections about future events, and are therefore subject torisks and uncertainties which could cause actual results to differmaterially from the future results expressed or implied by theforward-looking statements. These statements generally can beidentified by the use of forward-looking words such as “may”,“should”, “will”, “could”, “intend”, “estimate”,“plan”, “anticipate”, “expect”, “believe” or“continue”, or the negative thereof or similar variations. Suchstatements are qualified in their entirety by the inherent risks anduncertainties surrounding the Company’s business plan with respectto the engagement of the Executives and the Consultants and theservices to be provided to the Company; the grants of RSUs; theanticipated commercial production and sale of its SWMBRDs; theCompany’s plan to develop itsbrand and the sport of swimboarding; and thoseadditional risks set out in the Company’s public documents filed onSEDAR at www.sedar.com. Such forward-looking statements shouldtherefore be construed in light of such factors, and the Company isnot under any obligation, and expressly disclaims any intention orobligation, to update or revise any forward-looking statements,whether as a result of new information, future events orotherwise.
The Canadian Securities Exchange hasnot reviewed or approved the contents of this news release.
Copyright (c) 2023 TheNewswire - All rights reserved.