Brief Update

A number of Winning Brands shareholders have contacted me and expressed surprise that momentum which had been building had paused.

I apologize for the lack of updates. It arises from the fact that various parts are still moving. I wanted to spare shareholders from the frustration of the back-and-forth nature of progress and setbacks toward the specified goals.

I will be providing more information again soon, with the level of detail of the earlier ones. This note is merely to confirm that the indicated joint ventures are still in preparation for more public advancement. The delays are operational.

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For example, in the case of the Nutraceuticals, we have been able to have our proprietary file transferred from the UK contract manufacturer to a USA counterpart, so that the products can be made in the USA for the first time. This required approval of the ingredients, and other regulatory considerations. In the case of the eSports, the prospective funders did not yet approve the final business plan and an alternative financing path forward is being developed as a precaution. In the case of the food joint venture, the A/R financing insurance was not approved due to the perishable nature of our product mix. This made it necessary to establish an alternative product mix that may qualify. This requires supplier negotiations and vetting.

The point of this message is to say we are still working on these goals. There will be further information asap. At that time, I will comment on the return of the Pink status as well.

Respectfully,
Eric Lehner, CEO

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