DNA Brands Inc., (OTC PINK: DNAX) is pleased to announce that the OTC Markets has completed its due diligence and analysis of the filings by DNA Brands. The company has once again been designated as "Pink Current Information."
Adrian McKenzie, President and CEO of DNA Brands Inc explains, "Now that DNA has once again been designated by OTC Markets as “Current” in its filings, and is also current with the Colorado Secretary of State, this completes the first step in getting back to business and expanding the company for growth through acquisitions.”
As a recap, DNA Brands Inc., completed an acquisition of 954Solar LLC, now a wholly owned subsidiary. This acquisition was closed in late March 2020, however, DNA brands had fallen out of compliance with the OTC markets, plus coupled with the Covid 19 Pandemic, this news pretty much went unnoticed. Both companies had been in talks for several months. After signing an LOI (Letter of Intent) DNA completed the necessary due diligence to make an offer that was accepted by 954Solar.
With 954Solar now under the DNA umbrella as a wholly-owned subsidiary, DNA and 954Solar will now focus on an expanded roll out of 954Solar as a solar digital marketing and consulting firm that brokers solar projects at a national level. Focusing on solar friendly states such as but not limited to: AZ, CA, FL, IL, NJ, NY and TX, 954Solar has identified a unique solar sales platform that can be scaled at an infinite level. With a planned call center and an online sales presence, DNA believes this platform will be very disruptive to the solar industry.
Andrew Ferrin, CEO of 954Solar will run the operations of 954Solar. Over the course of the 2021 season, he is looking at possibly transitioning to a position within DNA Brands Inc.
According to IHS Markit who trade on the NYSE:
“Global solar installations will continue double-digit growth rates into the new decade, according to the new 2020 Global Photovoltaic (PV) Demand Forecast by IHS Markit, a world leader in critical information, analytics and solutions. New annual installations in 2020 will reach 142 gigawatts (GW), a 14 % rise over the previous year.”
The company also expects to have updates on other projects that they have been working on after the July 4th Independence Day weekend.
To Date the approximate shares structure for DNA Brands is as follows:
786 490,905 common shares issued and outstanding.
681,500,000- Insider owned(restricted), common shares.
88,000,000-common shares in the float (public hands).
Lastly, DNA Brands would also like to take a moment to thank its loyal and future shareholders for their patience and understanding through these unprecedented times.
About DNA Brands Inc.
DNA Brands is a Holding company. The primary asset of the company is the Two time Award winning energy drink line (DNA ENERGY). The flavors are citrus, lemon lime, citrus sugar free, and cranberry raspberry sugar free flavors under the DNA Energy drink brand name. At present the company owns all the IP that developed the award winning energy drink line. In addition to now adding the solar division, the company also has a fleet agreement with Ridesharerentals.com, whereby DNA has a fleet of cars it rents to Uber and Lyft drivers.
DISCLAIMER
This press release contains statements that are "Forward-Looking" in nature (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). All Statements regarding the Company's financial position, potential, business strategy, plans and objectives for future operations are Forward-Looking statements. Many of these statements contain words such as "goal," "aims," "may," "expect," "believe," "intend," "anticipate," "estimate," "continue," "would," "exceed," "should," "steady," "plan," "potential," "dramatic," and variations of such words and similar expressions identify Forward-Looking statements, but their absence does not mean that a statement is not a Forward-Looking statement. Because Forward -Looking statements involve future risks and uncertainties, there are many factors that could cause actual results to differ materially from those expressed or implied. The Company cannot predict the actual effect these factors will have on its results and many of the factors and their effects are beyond the Company's control. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise. Given these uncertainties, you should not rely too heavily on these forward-looking statements.
Adrian McKenzie-Patasar
(561) 654-5722