Greenkraft Issues Statement Regarding Unauthorized Promotional Activity Involving Its Common Stock

SANTA ANA, California, April 21, 2020 -- Greenkraft, Inc. (OTCQB: GKIT) (the "Company" or "Greenkraft"), was notified by OTC Markets (“OTC”) on April 13, 2020 of recent trading and promotional activity regarding its common stock (collectively the “promotional materials”). The Company has been informed that this may have resulted in a higher-than-average trading volume in the Company’s common stock. The Company was informed that newsletter and emails were sent from one or more non-affiliated third party sources.

The Company had no knowledge of the promotional materials. It was not involved, directly or indirectly, with the creation, distribution or payment of the promotional materials. The Company had no editorial control over the content of the promotional materials.

The Company has determined that the statements made in the promotional materials are materially misleading in that they contain incomplete and unvetted information with speculative language regarding the Company’s business performance and its common stock. The Company encourages those interested in the Company to rely solely on information included in its press releases and its filings and disclosures made with the U.S. Securities and Exchange Commission (through the EDGAR Database) and OTC Markets Group.

After inquiry of The Company’s management, directors and control persons, officers, directors, and any controlling shareholders (i.e., shareholders owning 10% or more of the Company’s securities), none of the aforementioned have been involved, directly or indirectly, in any way (including payment of a third-party) with the creation, distribution or payment of those promotional materials and none of the aforementioned have sold or purchased the Company’s securities within the past 90 days on the open market.

During the last twelve months, the Company has not engaged any third-party service providers to provide investor relations services, public relations services, marketing, or other related services including the promotion of the Company or its securities and the Company has not 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.

In the past the company has issued shares in place of debt that were converted at a later date, prior to the last twelve months and these transactions are listed in all our past filings in our quarterly and yearly filings with dates and transaction details.

About Greenkraft, Inc. (OTCQB: GKIT):

Greenkraft, Inc., a profitable, revenue generating publicly traded company, is a major manufacturer of alternative fuel automotive products. Greenkraft, Inc. was created to introduce clean, green, efficient, automotive products that run on alternative fuels. GKIT offers alternative commercial forward cabin trucks and alternative fuel systems for various vehicles. GKIT's commercial trucks are powered by alternative fuels such CNG and LPG from Classes 4 to 7. Greenkraft, Inc. designs, develops, and manufactures compressed natural gas and propane gas trucks, alternative fuel systems and alternative fuel engines. For more information, please visit our website at www.greenkraftinc.com.

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

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