(TheNewswire)
Waterloo, Ontario – TheNewswire - February 12, 2021, SponsorsOne Inc.(“SPO” or the “Corporation”), (CSE:SPO) (Frankfurt:5SO),(OTC:SPONF) (CNSX:SPO.CN) , 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 selling proprietarybrands focused in the Alcohol, Functional Beverage and Hemp Sectors,announced on Monday, February 9, 2021 that is issued 142,796,816common shares at a price of $0.01 per common share as debt settlementthereby reducing accounts payable by $1,427,968.16 (the “DebtSettlements”). Certain insiders of SPO were issued 19,849,016common shares in satisfaction of $198,490.16 in accounts payable underthe Debt Settlement (the “Insider Debt Settlements”). TheInsider Debt Settlements were completed on the same terms as the DebtSettlements.
As they involved related parties to the Corporation,the Insider Debt Settlements constituted related party transactionswithin the meaning of Multilateral Instrument 61-101 – Protection of Minority SecurityHolders in Special Transactions . For moreinformation, please see the Material Change Report filed on SEDARdated today regarding the Insider Debt Settlements.
About SponsorsOne
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 for 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 Brands Inc.builds wholesale/retail distribution channels for the Brand, acting asa master distributor. S1 Brands provides sales and marketing onbehalf of the Brand to its vast network of national wholesalers andretailers and provides purchase order financing to assist the Brandfulfilling every order. Premier Beverage Consortium LLC, is a whollyowned subsidiary and is brand building for the global spirits marketwith its flagship “Ready to Drink” product called Doc Wylders. Ownership of the Brand combined with distribution, digital marketinginnovation, and capital is the winning formula to build the nextbillion-dollar Brand. To learn more, please visit www.sponsorsone.com
Contact: info@sponsorsone.com
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
To learn more, please visit www.sponsorsone.com
The Canadian Securities Exchange ("CSE") has neitherapproved 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 ofmanagement and reflect the Company's current expectations. When usedin this news release, the words "estimate","project", "belief", "anticipate",“intend", "expect", "plan","predict", "may" or "should" and thenegative of these words or such variations thereon or comparableterminology, are intended to identify forward-looking statements andinformation. Such statements and information reflect the current viewof the Company with respect to risks and uncertainties that may causeactual results to differ materially from those contemplated in thoseforward-looking statements and 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
- the need for additional financing requirements andaccess to capital, reliance on key personnel
- the potential for conflicts of interest among certainofficers or directors with certain other projects
- 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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