(TheNewswire)
Vancouver, BC - TheNewswire - May 30, 2023 - SWMBRD Sports Inc. (CSE:SWIM) (“ SWMBRD ” or the “ Company ”) announces today that ithas it has engaged Mr. Liam Greenlaw as a consultant of the Company.Mr. Greenlaw is a self-taught creative director who has created awardwinning advertising campaigns and directed over a hundred televisioncommercials. The Company has agreed to engage Mr. Greenlaw for a termof twelve months, subject to earlier termination by the Company upon10 days’ written notice or by the Consultant upon 30 days’ notice.For the first two months of the term, the Company has agreed to grantMr. Greenlaw 400,000 RSUs. For the third month of the term andthereafter, the Company has agreed, subject to finances, to pay Mr.Greenlaw a monthly cash fee of $10,000. Alternatively, the Company andMr. Greenlaw may agree on additional grants of RSUs in lieu of thecash payments.
The Company is also pleased to announce that it has engaged Ketchum,Killum & Wynn Creative Inc. (“ KKW Creative ”), a B.C. based company specializing inShopify development and digital marketing, to provide website design,development and support services to the Company. The Company hasagreed grant KKW Creative 100,000 RSUs in consideration for theproposed website design and development and one year of websitesupport.
in connection with Mr. Greenlaw and KKW Creative’s engagement asconsultants, the Company has awarded (the “ Awards ”) an aggregate of 500,000RSUs of the Company to Mr. Greenlaw and KKW Creative. Each RSUrepresents the right to receive, once vested, one common share in thecapital of the Company. All of the RSUs will vest immediately on thedate of the Award.
All 500,000 of the RSUs and common shares underlying such RSUs aresubject to a hold period of four months and one day from the date ofissuance.
None of the securities acquired in the Grant will be registered underthe United States Securities Act of 1933, as amended (the “ 1933 Act ”), and none of them maybe offered or sold in the United States absent registration or anapplicable exemption from the registration requirements of the 1933Act. This news release shall not constitute an offer to sell orsolicitation of an offer to buy nor shall there be any sale of thesecurities in any state where such offer, solicitation, or sale wouldbe unlawful.
About SWMB RD Sports Inc.
SWMBRD Sports Inc. is a Vancouver, B.C. based sporting goods companylooking to enable millions to rethink their way of recreating in thewater. Management believes that SWMBRD’s proprietary aquatic sportsboard, by virtue of its patented design, is revolutionary in how itempowers the human body in the water like nothing before, giving waterlovers of all ages and abilities the freedom to explore all aquaticenvironments with ease. By offering an aquatic board sport that isversatile, easy to use, easy to store, and which can be used by allages and body types in any body of water (rivers, oceans, lakes andpools), the Company believes SWMBRD and the sport of swimboarding hasthe potential to become one of the most popular board sports in theworld, and a great aquatic brand. The Company has refinedmanufacturing techniques most relevant to the SWMBRD and hassuccessfully produced demonstration fleets of fully functioningboards, which have been in rigorous real-world use in Hawaii, Canadaand Greece. The Company has now commenced large scale mass productionunder an OEM agreement with Tahe Outdoors, Vannes, France - thepreeminent 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
Certain statements in this pressrelease are forward-looking statements and are prospective innature. Forward-looking statements are not based on historical facts,but rather on current expectations and projections about futureevents, and are therefore subject to risks and uncertainties whichcould cause actual results to differ materially from the futureresults expressed or implied by the forward-looking statements. Thesestatements generally can be identified by the use of forward-lookingwords such as “may”, “should”, “will”, “could”,“intend”, “estimate”, “plan”, “anticipate”,“expect”, “believe” or “continue”, or the negative thereofor similar variations. Such statements are qualified in their entiretyby the inherent risks and uncertainties surrounding the Company’sbusiness plan with respect to the engagement of Mr. Greenlaw andKetchum, Killum & Wynn Creative Inc. as consultants of theCompany; the grant of RSUs to the consultants; the anticipatedcommercial production and sale of its SWMBRDs; the Company’s plan todevelop its brand and the sport of swimboarding; and those additional risks set out in theCompany’s public documents filed on SEDAR at www.sedar.com. Suchforward-looking statements should therefore be construed in light ofsuch factors, and the Company is not under any obligation, andexpressly disclaims any intention or obligation, to update or reviseany forward-looking statements, whether as a result of newinformation, future events or otherwise.
The Canadian Securities Exchange hasnot reviewed or approved the contents of this news release.
THIS NEWS RELEASE IS NOT FORDISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FORDISSEMINATION IN THE UNITED STATES
Copyright (c) 2023 TheNewswire - All rights reserved.