(TheNewswire)
Waterloo, Ontario – TheNewswire- December 1, 2021 - SponsorsOne Inc., (CSE:SPO) (Frankfurt:5SO), (CNSX:SPO.CN), (OTC:SPONF) , a company that utilizes its proprietary platform thatcombines digital marketing, wholesale and retail distribution,branding, and operational & funding capital, giving it acompetitive first-mover advantage in rapidly growing its proprietarybrands focused in the Alcohol, Functional Beverage, and Hemp Sectorsannounced today that it has changed its auditor from PWC LLP (the"Former Auditor") to CLEARHOUSE LLP (the "SuccessorAuditor").
The Former Auditor resigned as auditor of theCorporation effective September 28, 2021 and the board of directors ofthe Corporation appointed the Successor Auditor as its auditoreffective November 17, 2021 until the next Annual General Meeting ofthe Corporation. The Corporation is grateful to PWC LLP for itsservices as the Former Auditor.
The Corporation has sent a Notice of Change of Auditor(the "Notice") to the Former Auditor and to the SuccessorAuditor and has received a letter from each, addressed to thesecurities commissions in each of Ontario, Alberta and BritishColumbia and the Canadian Securities Exchange stating that they agreewith the information contained in the Notice. The Notice together withthe letter from the Former Auditor and the letter from the SuccessorAuditor have been reviewed by the Corporation's audit committee andits board of directors and are available on www.sedar.com.
There were no disagreements or unresolved issues withthe Former Auditor on any matter of audit scope or procedures,accounting principles or policies, or financial statement disclosure.It is the Corporation's opinion that there have been no"reportable events" (as defined in National Instrument51-102 Continuous Disclosure Obligation) between the Corporation andthe Former Auditor. The Former Auditor did not provide a modifiedopinion in their auditor's report for the financial statements of theCorporation fiscal years ended December 31, 2019 and 2020.
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. Combined, this allows the brands to build and manage exclusive andhighly engaged communities of influencers (from pro tomicro-influencers) within the social realm. The SponsorCoin platformprovides data-driven marketing campaigns that will change the waybrands connect with their customers. SponsorCoin is a tool forbrands to inspire real movements around their products and services.Their most valuable customers become their best salespeople, producingfar higher ROI than current social media advertising methods.SponsorsOne, through its wholly-owned subsidiary, SponsorsOne MediaInc., provides full creative and Brand building/management services toall our Brands and manages the influencer communities for each Brand. For making the Brand big, our wholly-owned subsidiary S1 BrandsInc., builds wholesale/retail distribution channels for the Brand,acting as a master distributor. S1 Brands provides sales andmarketing on behalf of the Brand to its vast network of nationalwholesalers and retailers and provides purchase order financing toassist the Brand in fulfilling every order. Premier BeverageConsortium LLC, is a wholly-owned subsidiary and is brand building forthe global spirits market with its flagship "Ready to Drink"product called Doc Wylder's. HS Brands Inc. is a wholly-ownedsubsidiary and is brand building for the global Hemp Smokes marketwith the launch of multiple premium products such as Primero HempSmokes and Suede Hemp Smokes. Ownership of the Brand combined with distribution, digital marketing innovation, andcapital is the winning formula to build the next billion-dollar Brand.To learn 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 EXCEPTAS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIESLEGISLATION.
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