August 29, 2016, Simi Valley, California
On or around August 26, 2016, Airborne Wireless Network, a Nevada
corporation (the “Company”), became aware of certain promotional activity regarding
its common stock.
The Company believes that such activity is due to the Company’s press
releases and recent filings with the SEC regarding the Company’s acquisition of
certain intellectual property and the Company’s unique business plan, which have
attracted attention, including from traders and investment publications.
Recently, the Company’s press
releases and SEC filings combined with those investment publications seem to have
caused an increase in the number of the Company’s shares traded and the trading
prices of those shares. Accordingly, on August 26, 2016, the Company caused to
be prepared and filed with the SEC a
Current Report on Form 8-K to keep the markets informed in an accurate and
timely manner regarding the Company’s current situation.
The Company, its officers, directors, and controlling shareholders
(defined as shareholders owning 10% or more of the Company’s securities) have
not, directly or indirectly, been involved in any way (including payment of a
third party) with the creation or distribution of promotional materials related
to the Company and its securities.
The Company, its officer, director, or controlling shareholders have not
sold or purchased securities within the past 30 days.
The Company has not at any point issued shares or convertible instruments allowing conversion to
equity securities at prices constituting a discount to the current
market
rate at the time
of the issuance.