KRTL Holding Group, Inc Announces Quarterly Financial Report

KRTL Holding Group, Inc. (the "Company" or "KRTL"), a diversified holding company with two dynamic subsidiaries, KRTL International Corp. and KRTL Biotech, Inc., has released its third quarter report for the three and nine months ended September 30, 2023.

In additional to financial accomplishments this year, the Company has secured exclusive license and distribution agreements, gaining rights to unique Bolivian beverages. Collaborating with a Bolivian manufacturer and a local distribution arm, KRTL is poised to cover multiple territories, with the importation process of uniquely infused beverages already underway.

Key Developments:

1. Exclusive Licenses and Distribution Agreements: KRTL has successfully secured exclusive rights through license and distribution agreements for distinctive Bolivian beverages. This strategic move aligns with the company's commitment to diversify its product offerings and explore new market opportunities.
2. Operational Expansion: In a bid to enhance operational efficiency, KRTL has strategically partnered with importers, engaging in Import/Export collaborations, warehousing, delivery logistics, and advisory services. This expansion is a testament to KRTL's proactive approach in building a robust and integrated supply chain.
3. Regulatory Progress: Simultaneously, KRTL is progressing through the regulatory process with the Alcohol, Tobacco, Tax and Trade Bureau (TTB). The company has submitted the necessary materials and is currently in the formula approval stage. The next milestone in this journey is obtaining the Certificate of Label Approval (COLA).
4. TTB Approvals: Encouragingly, the TTB has already granted approvals for importation and wholesaler permits, highlighting KRTL's dedication to compliance and regulatory transparency. The company is on track to secure full approval by year-end, further positioning itself as a leader in the industry.
5. Initiation of Form 15C2-11 Filing: The company has successfully secured a broker-dealer and has commenced the filing process for Form 15C2-11 with the goal of enhancing market liquidity and expanding market access for its investors. The attainment of a broker-dealer represents a key component of KRTL's commitment to creating shareholder value and fostering a more dynamic trading environment for its stock. With this development, KRTL aims to strengthen its position in the marketplace and provide enhanced opportunities for current and prospective investors.
   
6. Enhanced Financial Position:  The Company is pleased to report financial highlights:

• A decrease in diluted shares from 205,298,655 to 133,895,465 without any cash expenditure or issuance of common stock, and no common stock has been issued in the past 6 months.
• Cash used in operations was limited to $27,140 for the nine months ended September 30, 2023.
• A net loss for the three months ended September 30, 2023, of $57,412, compared to a net loss of $852,226 for the three months ended September 30, 2022.

Full quarterly results are available on OTCMarkets.com. KRTL is committed to keeping shareholders and stakeholders informed as these exciting initiatives progress. For further information, please contact us at info@krtlholding.com or call us at 800-707-0586.

About KRTL Holding Group, Inc.

KRTL is a dynamic innovator in the beverage industry, known for its commitment to trendsetting and growth. With exclusive licenses and distribution agreements, KRTL has secured rights to unique Bolivian beverages, marking a significant expansion into diverse markets. The company strategically partners with Bolivian manufacturers and local distribution networks, demonstrating its dedication to building an integrated and efficient supply chain. Simultaneously, KRTL is navigating the regulatory landscape, progressing through the Alcohol, Tobacco, Tax and Trade Bureau (TTB) approval process. Committed to transparency and compliance, KRTL has already obtained TTB approvals for importation and wholesaler permits, positioning itself for full regulatory approval by year-end. As a forward-thinking entity, KRTL is poised for continued success and leadership in the evolving beverage industry.

Additional information on KRTL is available online at www.krtlholding.com and www.krtl-icc.com and www.krtlbiotech.com.

The information contained herein includes forward-looking statements.  These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements.  You should not place undue reliance on forward-looking.  We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.