HENDERSON, Nevada, January 15, 2019 /PRNewswire/ --
BRK, Inc. (BRKK) announced today that it has completed a transaction with Continuation Capital Inc.
"I am pleased to announce that the transaction is complete, and that Continuation Capital Inc. has paid all of the debts submitted in our 3a10. We anticipate issuing approximately 104 million shares in exchange for the debt they held. The remainder of the 300 million shares that have been previously reserved, will be released back to the Company and will not be issued," said Daniel Serruya, President, CEO of BRK Inc.
The debts were a mix of some convertible notes and professional service invoices. These invoices consisted of some legal expenses derived from BRKK's successful lawsuit ruling against iSee Automation, Inc. on March, 27, 2018 and some accounting invoices that will permit BRKK to once again file with OTC Markets in the near future.
About BRK, Inc.
BRK Inc. (OTC PINK: BRKK), established in 2008, is owner of the Helmet Camera intellectual property (patents-pending) that make the RefCam possible. With the acquisition of the live broadcast helmet camera patent, BRK is poised to enter sports marketing in a big way. iSee Sports Inc. is a wholly owned subsidiary of BRK, Inc.
The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should," ''poised,'' andother similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those described in any of our other filings with the SEC. In addition, such statements could be affected by risks and uncertainties related to: (i) commercialization of our newly-acquired helmet camera, (ii) continuing development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, and (v) our ability to sell our products in order to generate revenues. Forward-Looking Statements are pertinent only as of the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this news release, will be deemed to supersede such statements in this news release. Information on BRK Inc.'s website, http://www.brkincorporated.com does not constitute a part of this release.
SOURCE BRK, Inc.