As announced in January 2017, Winning Brands will re-acquire its OTC Markets Current Information Tier, by bringing its filings up to date. This is part of an initiative to renew momentum and re-gain ground lost during the period when capital markets financing was not available to Winning Brands 2013-2016. With the $1.5 Million securities purchase agreement announced on January 11th, 2017 and the Regulation A, Tier I filing that will be made in Q2, momentum from earlier years can be revived.
The filing for the 6 months ending June 30, 2015 has been uploaded to OTC Markets today. The balance of 2015 will be uploaded next week. 2016 will be uploaded shortly thereafter. We are on-track to be operating within the OTC Current Information Tier again during Q2 2017.
The 2015 and 2016 results will show that despite the company’s 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 re-engaged. The proceeds of the Regulation A financing will enable new sales growth to occur.
Through Regulation A, it will also be possible for Winning Brands to initiate select joint venture projects that inventors have been applying for through Winning Brands outreach portal to product developers: www.InnovatorsCommunity.com Winning Brands is extremely pleased with the positive feedback from innovators about this outreach, putting the company for the first time in the position of being on the receiving end of proposed opportunities and deal-flow.
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