DRYWORLD Corporate Update

DRYWORLD Year-end Corporate Update

Press Release | 01/23/2023

January 23^rd, 2023 via OTC Markets DRYWORLD (OTC Pink: IBGR) is pleased to provide the following year-end corporate update.

2022 Reflection

The first 6 months of 2022 were focused on completing the plan that was laid out at the start of the year on the January 3^rd, 2022 update. The results of which can be reviewed in our corporate update posted July 12^th, 2022 DRYWORLD Bi-Annual Corporate Update.

Since the July 12th update, we have continued to execute on the plan we laid out at the beginning of the year by delivering:

• CoreD Drop 2 featuring the pantone colour of the year Very Peri, see press release.
• The D Amazon store in Canada and Mexico marketplaces.
• D successfully hosted four merchandise event booths, with a category defining collection, on 3 different continents in London, Munich, Malibu, and Toulouse for the Super League Triathlon. Some of the highlights of the series were celebrity model and host Caitlin O’Connor with a social media takeover for DRYWORLD during the Malibu event as well as press covering the London. See press release.
• The execution of the licensing agreement between Playsports and DRYWORLD sees the brand expand into the MENA region with a strong eCommerce based partner with an extensive network in team sports in the region. See press release. This partnership is poised for growth in 2023.
• Release of DRYWORLD’s SignatureD flagship product DRYFEET
• An effective RegA that will be instrumental in funding future growth, including the audit and up-listing of the stock.
• The launch of our TeamD program with a state-of-the-art 3D Builder and innovative micro-store offering for customers of the program, see press release.
• Super League Triathlon reported to DRYWORLD that they had 21.7 million cumulative global viewers for the Arena Games and 35.7 million cumulative global viewers for the Championship series in 2022. With 9,114 hours of global coverage providing 3,963,747 impressions for media value of €34,908,603 and sponsorship value of €9,382,358.

With regards to outstanding corporate governance items:

• We continue to respond to comments from FINRA in relation to poor record-keeping from prior management. We are working to satisfy all requests from FINRA and achieve the official name and ticker symbol change.
• For the audit, and subsequent up-listing, the company will utilize funds raised from the RegA financing to invest in completing the tasks above.

D in China

The brand has continued to move towards completion of the deal in China with the agreements drafted having been sent to the parties for comments. Further updates will be posted as they become available.

Over and Above 2022’s Plan

Ronaldinho by D

A major development occurred in the second half of 2022. The development shifted the focus of company resources to capitalize on a once-in-a-lifetime opportunity. The partnership with Ronaldinho has been in the works since 2016 and was finally realized, allowing the company to align with one of the greatest and most well-known athletes of all time. See press release.

Management’s decision to put initiatives from the January 3rd update slated for the second half of 2022 on hold to focus on the partnership with Ronaldinho has yielded positive results in conjunction with the Super League Triathlon partnership, with the brand having shipped orders to 36 countries (USA, Germany, Canada, UK, France, Norway, Mexico, Saudi Arabia, Belgium, United Arab Emirates, Italy, Netherlands, China, Switzerland, Hungary, New Zealand, Poland, Malaysia, Bahrain, Japan, Jersey, Singapore, Ireland, Portugal Denmark, Colombia, Brazil, Russia, Finland, Israel, Australia, Luxembourg, Spain, Slovenia, and Austria). Taking the company global and laying a strong foundation for growth in 2023.

In addition to the above sales data, the eight promotional videos posted on Ronaldinho’s Instagram have garnered 14.2 million views for the brand on Instagram, 772,800 likes on facebook, approximately 2 million views on twitter with thousands of comments and shares across the three platforms.

Shop Ronaldinho by D

DRYWORLD Goes to Moe’s

Another development that wasn’t anticipated in the original plan from the Jan 3^rd 2022 update was securing a retail partnership with a major US retailer, however that is exactly what the brand achieved in the partnership with Modell’s Sporting Goods, see press release.

Everybody’s Talking About DRYWORLD

In addition to the above the DRYWORLD collections were reviewed and reported on independently by different publications including Dasha's HauteD by DK collection received a great review for her Triple Cross Sports Bra.  Trailblazer Girl also ranked the Triple Cross Sports Bra in her top 3 finds for 2022, Top 3 Finds of 2022.  Another great HauteD shoutout from one of our customers on Pinterest, MyStyleSpot. Our CoreD shorts and t-shirt also received a great review, CoreD Review. CoreD was also featured in this 2022 Fathers Day Gift Guide and this 2022 Graduates Gift Guide.  The brand was also featured on TV in Houston on CW39 and in L.A on KTLA 5, putting the brand in front of an online readership of over 9 million with a national television reach of 8.27 million.

Of course, Ronaldinho’s My Global Collection being a first-of-its-kind, was going to get people talking.  The Football shirt culture is very opintionated and we were pleased to see reviews of all kinds being published. One of the leading sites for football jersey reviews, footballshirtculture.com had this to say Football Shirt Culture Review.

2023 Projection

2023 is scheduled to be a busy year for DRYWORLD, with the following initiatives that were put on pause in 2022 due to the Ronaldinho deal, to be slated for release including:

• D Ambassador program
• CoreD Drop 3 Featuring Viva Magenta and Olive Green
• SLT Merch Drop 2
• SignatureD AA in Collaboration with Ospreys
• HauteD For Men and Women
• CoreD Elite Drop 1
• SignatureD Luxsauna and Thermalite series
• SignatureD Athletic Footwear

In addition to the above, the company will continue to build out a robust collection with Ronaldinho and has other projects with the legendary athlete in development, to be announced as they come to fruition.

The company continues to be a part of active negotiations with:

• Elite athletes and teams for partnerships
• Potential licensors for exclusive licensing of the brand in different regions
• Retail partners for existing and future collections

2022 saw management close a merchandise deal with one of the greatest and most well-known athletes of all time in Ronaldinho. This is an indication of the strength of the brand and our commitment to work with best-in-class partners from around the world to achieve a truly global customer base.  To our shareholders, we understand there have been delays with some of the goals we set in our Jan 3, 2022 update, but delays do not equal defeat. We will overcome and build on the sensational work that was accomplished by the team in 2022. We thank you for the belief, love and support and know Team D will continue to work tirelessly to deliver on our word.”  commented Weingart.

In just 14 short months since the company launched the CoreD collection on the www.dryworldshop.com on Nov 17, 2021, we have launched over 200 products between Super League Triathlon, Ronaldinho by Dryworld, and D collections, shipping to 36 countries, accepting sales in 16 currencies, garnering the brand 20 million brand impression with a reported media value of over €35 million all while building powerful alliances with high-profile athletes, teams, and leagues. The company released 14 PR’s in the last 12 months, proving constant communication with investors is important to management as is continuous deal flow to build value. With capital from the RegA starting to come into the company, and proof of concept we can deliver worldwide, we believe we are positioned very well for significant growth.

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Contact: info@thedryworld.com

ABOUT DRYWORLD

DRYWORLD is a premium performance sports brand offering innovative, superior quality apparel and gear for the athlete in all of us. We build purpose-driven products that give all athletes the edge. Engineered by athletes, proven by science. Visit www.thedryworld.com.

Safe Harbor for Forward Looking Statements

This press release contains forward-looking statements and is subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward-looking statements. For- ward-looking statements give our current reasonable expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate," "estimate," "expect," "project," "plan," "intend," "believe," "may," "should," "can have," "likely" and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events.

The forward-looking statements contained in this press release are based on reasonable assumptions we have made in light of our industry experience, perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. As you read and consider this press release you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond our control) and assumptions. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance anticipated in the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove incorrect or change, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements.

Any forward-looking statement made by us in this press release speaks only as of the date of this press release. Factors or events that could cause our actual operating and financial performance to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise.