(TheNewswire)
Waterloo, Ontario – TheNewswire - August 29, 2022 - SponsorsOne Inc., (CSE:SPO)(Frankfurt:5SO), (OTC:SPONF), a company thatutilizes its proprietary platform that combines direct to consumerdigital marketing with wholesale and retail distribution in therapidly growing Spirits, Functional Beverage, and Hemp Sectorsannounces certain regulatory filings.
As a result of a continuous disclosure review conductedby Staff of the Ontario Securities Commission (“OSC”), the Companyhas enhanced disclosure within this Management Discussion and analysis(“MD&A”) relating to, among other things, COVID-19 impacts,current projects of the Company and their status, overall performance,and discussions of operations, including our SponsorCoin Platform andthe Hemp products and Vitamin Shots marketplace and the Ready to Drink(“RTD”) spirits and premium spirits, transactions between relatedparties, and liquidity and cash resources. The Company has alsoenhanced its disclosure regarding the regulatory framework relating toregulated Hemp and Alcohol products in each jurisdiction where theCompany operates. The noted deficiencies and request for enhanceddisclosure raised to us by the OSC relate to previously filedMD&A’s for the financial period ending March 31, 2022 andfinancial year ended December 31, 2021. The Company included suchdisclosure within this MD&A and will continue to include suchdisclosure in subsequent reporting periods.
SPO has filed a material change report regarding theappointment of Charles Sung as the CFO on March 9, 2022. Inaddition, SPO has amended and refiled its March 31, 2022 and December31, 2021 Management Discussion and Analysis to address certaincomments from the OSC.
About SponsorsOne Inc.
SponsorsOne is the leader in the next evolution ofbrand creation and digital marketing through influencer marketing,storytelling, and digital commerce with the SponsorCoin platform andits highly scalable – smart contract-based digital currency.SponsorCoin allows the brands to build and manage exclusive and highlyengaged communities of salespeople and marketers within the socialrealm. The SponsorCoin platform provides data-driven marketingcampaigns that will change the way brands connect with theircustomers. SponsorCoin is a tool for brands to inspire real movementsaround their products and services. Their most valuable customersbecome their best salespeople, producing far higher ROI than currentsocial media advertising methods. SponsorsOne’s wholly-ownedsubsidiary S1 Brands Inc. builds wholesale/retail distributionchannels for our internal Brands, acting as a master distributor. S1Brands provides sales and marketing on behalf of the Brand to its vastnetwork of national wholesalers and retailers and provides purchaseorder financing to assist the Brand in fulfilling every order. PremierBeverage Consortium LLC is a wholly-owned subsidiary and is brandbuilding for the global spirits market with its flagship "Readyto Drink" product called Doc Wylder's. HS Brands Inc. is awholly-owned subsidiary and is brand building for the global HempSmokes market with the launch of multiple premium products such asPrimero Hemp Smokes and Suede Hemp Smokes. Ownership of the Brandcombined with distribution, digital marketing innovation, and capitalis the winning formula for building the next billion-dollar Brand. Tolearn more, please visit www.sponsorsone.com
Contact: info@sponsorsone.com
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
The Canadian Securities Exchange ("CSE") hasneither approved nor disapproved the contents of this Press Release.
Forward-Looking Statements
This news release contains forward-looking statementsand information that are based on the beliefs of management andreflect the Company's current expectations. When used in this newsrelease, the words "estimate," "project,""belief," "anticipate," "intend,""expect," "plan," "predict,""may," or "should" and the negative of these wordsor such variations thereon or comparable terminology, are intended toidentify forward-looking statements and information. Such statementsand information reflect the current view of the Company with respectto risks and uncertainties that may cause actual results to differmaterially from those contemplated in those forward-looking statementsand information.
By their nature, forward-looking statements involveknown and unknown risks, uncertainties and other factors which maycause actual results, performance or achievements, or other futureevents, to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking statements. Such factors include, among others, thefollowing risks:
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risks associated with marketing and sale ofsecurities
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the need for additional financing requirements andaccess to capital, reliance on key personnel
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the potential for conflicts of interest among certainofficers or directors with certain other projects
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the volatility of the volume and price of the CommonShares, the failure of the business strategy, the integrity of theCompany's patents and proprietary intellectual property andcompetition.
The Company cautions that the foregoing list of riskfactors is not exhaustive and is subject to change and there can be noassurance that such assumptions will reflect the actual outcome ofsuch items or factors. When relying on the Company's forward-lookingstatements and information to make decisions, investors and othersshould carefully consider the foregoing factors and otheruncertainties and potential events, including the risk factors, setout in the Company's Listing Statement. The Company has assumed acertain progression, which may not be realized. It has also assumedthat the material factors referred to above will not cause suchforward-looking statements and information to differ materially fromactual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWSRELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OFTHIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCHDATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKINGINFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHERDATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATETHIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED INACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
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