(TheNewswire)
VANCOUVER, BC - TheNewswire - December 14, 2022 - SWMBRD SportsInc. (CSE:SWIM) (“ SWMBRD ” or the “ Company ”) is pleased to announce the commencement of mass production of its proprietary swimboard(the SWMBRD) at Tahe Outdoors, France, the Company’s OEMmanufacturing partner.
On December 13, 2022, Tahe Outdoors informed theCompany that the planned SWMBRD production line had been initialized.The production line produces boards using Tahe’s advanced ACE-TECHprocess, and utilizes both sets of custom built SWMBRD molds (pleasesee the news release of March 29, 2022 https://swmbrd.com/press/news-releases/swmbrd-provides-update-on-manufacturing-preparations/ ).
ACE-TECH was selected by SWMBRD as the optimal methodof producing a mass market version of the SWMBRD, incorporating thebest aspects of a fiberglass board (lightness and performance) with athose of a high-quality plastic board (durability, speed of productionand lower cost).
This important milestone marks the transition of theSWMBRD to a mass-producible retail consumer product. The Companyanticipates commencing retail sales in February 2023.
SWMBRD President, Justin Schroenn commented, “We arevery pleased to have arrived at this critical milestone in the storyof SWMBRD – the realization of a dream born almost a decade ago. Thefounders would like to express their very deepest gratitude to all ofthe shareholders who have made this tremendous momentpossible.”
Additionally, SWMBRD Sports Inc. is pleased to announcethat that the Company has approved the appointment of RussellA. Farrow Limited (“ Farrow ”) as its North American Customs Broker ( www.Farrow.com ).
Farrow is Canada's largest independently owned customs agent, withover 100 years of expertise in international trade. Farrow is able toprovide all of the essential supply chain services required by SWMBRDas it prepares to commence retail sales of its proprietary swimboard(the SWMBRD) and related products in the Spring of 2023, includinginternational shipping, customs brokerage, warehousing, and NorthAmerican fulfillment services (Canada, USA & Mexico).
SWMBRD President, Justin Schroenn commented, “We are very pleased tohave initiated our business relationship with Farrow. Farrow’sexperience and expertise in managing supply chains will be an enormousasset in delivering our products from the factory door in France tothe customer’s door anywhere in North America.”
The Company also entered into an agreement with MarketOne Media Group Inc. (“ MarketOne ”), pursuant to which MarketOne hasagreed to provide investor relations services to the Company for aperiod of twelve months. The services will include, but not be limitedto, development of online articles on BNN Bloomberg and Benzinga,broadcast commercials for online distribution on MarketOne Youtubechannel, Facebook, Twitter and LinkedIn, full length online interviewshosted on BNN Bloomberg Investment Trends Section and MarketOneYouTube, Live CEO and breaking news interviews on TraderTV YouTubechannel, an all access virtual investor event, and industry insightand investor updates on Market One’s social media channels. Inconsideration for the services, the Company will pay MarketOne an aggregate amount of $85,000 (plus GST).MarketOne’s contact information is as follows: #320, 440 WestHastings Street, Vancouver, BC V6B 1L1, T: 604.428.2125, Veronikavan Wollen at veronika@maketone.ca (Western Canada) and Steven Mills at steven@marketone.ca (Eastern Canada).
About SWMBRD Sports Inc. SWMBRD Sports Inc. is a Vancouver, B.C. basedsporting goods company looking to enable millions to rethink their wayof recreating in the water. Management believes that SWMBRD’sproprietary aquatic sports board, by virtue of its patented design, isrevolutionary in how it empowers the human body in the water likenothing before, giving water lovers of all ages and abilities thefreedom to explore all aquatic environments with ease. By offering anaquatic board sport that is versatile, easy to use, easy to store, andwhich can be used by all ages and body types in any body of water(rivers, oceans, lakes and pools), the Company believes SWMBRD and thesport of swimboarding has the potential to become one of the mostpopular board sports in the world, and a great aquatic brand. TheCompany has refined manufacturing techniques most relevant to theSWMBRD and has successfully produced demonstration fleets of fullyfunctioning boards, which have been in rigorous real-world use inHawaii, Canada and Greece. The Company has now commenced large scalemass production under an OEM agreement with Tahe Outdoors, Vannes,France - the preeminent 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
This news release containsforward-looking statements. All statements, other than statements ofhistorical fact that address activities, events or developments thatthe Company believes, expects or anticipates will or may occur in thefuture are forward looking statements. Forward looking statements inthis news release include statements regarding: that the Company will complete largescale mass production of the SWMBRD and commence retail sales inFebruary 2023; theCompany’s business plan with respect to the production and sale ofits SWMBRDs; the appointment of Farrow as customs broker for NorthAmerica; the proposed investment relations campaign with Market One;the Company’s plan to develop its brand and the sport of swimboarding; the expectation that the sport of swimboarding may become one of the most popular board sports in the world,and SWMBRD a great aquatic brand; and those additional risks set outin the Company’s public documents filed on SEDAR at www.sedar.com.The forward-looking statements reflect management’s currentexpectations based on information currently available and are subjectto a number of risks and uncertainties that may cause outcomes to differ materially from thosediscussed in the forward-looking statements. Although the Companybelieves that the assumptions inherent in the forward-lookingstatements are reasonable, forward-looking statements are notguarantees of future performance and, accordingly, undue relianceshould not be put on such statements due to their inherentuncertainty. Factors that could cause actual results or events todiffer materially from current expectations include, among otherthings: that the Company maybe unable to complete large scale mass production of the SWMBRD orcommence any significant retail sales in February 2023 for variousreasons; that the Companywill be unable to implement its business plan with respect to theproduction and sale of its SWMBRDs; that the appointment of Farrow ascustoms broker for North America will not proceed as expected; theproposed investment relations campaign with Market One will not occuras anticipated; that the sport of swim boarding may not become aswidely adopted or popular as expected; general market conditions mayimpact the Offering and/or the business of the Company; factorsrelated to the ongoing COVID-19 pandemic may impact the Offeringand/or the business of the Company; other factors beyond the controlof the parties and other risks outlined in the Company’s publiclyfiled documents available on SEDAR. Actual results and future eventscould differ materially from those anticipated in such information.The Company expressly disclaims any intention or obligation to updateor revise any forward-looking statements whether as a result of newinformation, future events or otherwise, except as required byapplicable law.
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