Business
Winning Brands Resumes Filings at OTC Markets
Winning Brands Resumes Filings at OTC Markets.
About this update from Winning Brands Corp.
[{"type":"text","content":"\n \n \n Winning Brands Resumes Filings at OTC Markets\n \n \nWinning Brands Resumes Filings at OTC Markets\n\nOperations on Schedule for Comeback\n\n \n NEW YORK, NEW YORK--(Marketwired - Mar 9, 2017) - \n Editors Note: There is an image associated with this press release.\n Winning Brands Corporation (OTC PINK:WNBD) www.WinningBrands.com has resumed filing at OTC Markets. This step delivers on the company's announcement in January 2017 that it was ramping-up operations following a quiet period, by implementing measures to restore momentum, increase shareholder value and achieve new goals. \n Regaining the OTC Markets Current Information Tier requires completion of 2015 and 2016 filings. With the uploading today of Q2 2015 at OTC Markets, the updating process is underway, according to schedule. Q3 2015 and Q4 2015 will be uploaded within one week. 2016 filings will begin shortly thereafter. By this schedule Winning Brands will be granted, and will be operating within, the Current Information \"Pink\" Tier again in Q2 2017, as planned. \n This operational progress will support Winning Brands' announcement on January 11, 2017 that the company is preparing a minimum $1.5 Million Regulation A, Tier I filing with the SEC, by means of a Form 1-A. That filing is also scheduled for Q2 2017. The fact that a $1.5 Million securities purchase agreement has already been entered into in connection with the Regulation A plan benefits Winning Brands by removing any uncertainty about participation of subscribers in the Regulation A offering.\n The updated 2015 and 2016 operating results being filed with OTC Markets show that despite the company's 2015 and 2016 challenge in obtaining capital for marketing, resulting in weaker sales during those past periods, Winning Brands retained operational integrity and managed to continue reducing its losses compared to earlier years. Consistent loss-reduction on a year-over-year basis, over several years, has been a hallmark of Winning Brands performance during its public period. This effective cost control positions Winning Brands as a strong candidate for achieving profitability from its lower cost base when pent-up sales and marketing opportunities are activated. The proceeds of the Regulation A financing will enable this new activity to occur. \n To enhance future shareholder value for Winning Brands' ...