Business
Business Warrior Announces $3M Addition to Balance Sheet and Several Key Updates
Business Warrior Announces $3M Addition to Balance Sheet and Several Key Updates.
About this update from Business Warrior Corporation
[{"type":"text","content":"Key updates regarding funding solution, corporate audit and potential acquisitionPHOENIX, AZ / ACCESSWIRE / January 12, 2022 / Business Warrior Corp. (OTC PINK:BZWR), the source for small businesses in America to get more customers, announces the addition of $3 million to the balance sheet along with several other key updates showing a strong start to 2022.The company also announces status updates to several key topics, including:An update on the company's audit to become fully reportingThe official launch date of the Business Warrior Funding platformThe company in due diligence for an acquisitionEVRGRN PartnershipThe recently announced $5 million agreement with EVRGRN has been reworked to allow $3 million to be collected up-front by Business Warrior and the remaining $2M to be held back for additional growth opportunities. This is a win-win for both companies. The $3 million has been received by BZWR, which further strengthens the company's balance sheet while giving EVRGRN the flexibility to pursue additional opportunities to add to the overall project together."Renegotiating this agreement is a huge growth accelerator for us as a corporation," explains Business Warrior CEO Rhett Doolittle. "It also provides instant marketing and sales support to bolster the development and growth of our next-generation lending solution, Business Warrior Funding."Business Warrior Funding LaunchThe launch date of Business Warrior Funding is scheduled to go live to the public on February 1, 2022."The funding solution is currently in beta as we continue to develop and test this trailblazing product for small businesses," said Doolittle. "We have adjusted our timeline to ensure we deliver a high-quality, robust customer experience."Update on Financial AuditThe completion of Business Warrior's two-year audit remains in-progress for fiscal years ending in August 31, 2021, and August 31, 2020."We understand that this delay is frustrating for our stakeholders and shareholders," explains Dolittle. "It is taking longer than expected as we implement new processes to become a fully reporting entity and make our financial systems scalable with the rest of our organization. Additionally, with the current COVID-19 landscape, there has been increased demand for PCAOB accountants and a lack of qualified pr...