GRLT
Grillit, Inc.

Dear Valued Shareholders,

As people spent time in the last days of 2021 with friends and family, I wanted to take a moment to thank all of our valued shareholders and reiterate the accomplishments in 2021 and the positive outlook we have for 2022 related to GRILLiT Inc.

The primary goal at GRILLiT is to enhance long term shareholder value. All shareholders started 2021 in a state where the financial filings were not current, there was no strategic vision, and Covid vaccinations were less than 1% of the US population. Much has changed in 12 short months for GRILLiT and the overall US Economy.

In Q2 2021 GRILLiT became Pink Current with OTC and we launched our strategic vision of turning GRILLiT into a holding company of restaurant businesses with the design and buildout of our first two Pretzel Haus locations in the greater Tampa area.

We successfully partnered with Honeycomb Credit to avoid funding through the authorization of new shares as done by previous management from 2014 – 2016. We closed out 2021 current on all funding obligations of GRILLiT. Although the Honeycomb Funding has not met the expectations we had internally, it proved that we can access a fixed-rate funding platform that does not liquidating shareholders. I encourage all long-term shareholders to support our campaign so we can rapidly open additional locations utilizing debt financing that does not liquidate shareholders. Please visit www.Honeycombcredit.com and visit our live campaign that ends January 7^th.

2021 also presented challenges as the timing of our launch was based on the belief that a nationwide increase in vaccinations would return the US closer to normal business operations as we headed into Q3 and Q4 with people resuming their “normal” activities. We aggressively launched the buildout of our first location only to run into lengthy permitting delays with the building permit. This caused a full review of the location to bring the site current related to building codes. This review process was terribly slow as staffing shortages and covid impacted the review process and as numerous engineering changes needed bring previous tenant’s modifications current. Incredible progress was made the past 3 months and we believe the county is close to issuing our permit. At that point, our general contractor is already prepared to complete renovations in less than 30 days. Then we need final approval to occupy the location and we are off and baking!

In Q3 we shifted our focus to getting the Carrollwood location opened. Our General Contractor did an excellent job shifting their resources to Carrollwood and completed the buildout in November. Behind the scenes there was a tremendous amount of work shifting items like furniture and equipment from storage near the Palm Harbor location to the Carrollwood location due to supply chain delays in items like Furniture, Equipment, and other restaurant supplies. Then came the late Q4 surge of the omicron variant of Covid at the precise time we were getting ready to launch our opening. Our own employees experienced the same challenges by restaurants, airlines, schools, hospitals, universities, and companies across in the US when we had people test positive for Covid-19. We will always have the safety of our employees as our highest priority.

Looking forwad, we believe 2022 will be a momentous year for GRILLiT as we enter 2022 in far better shape both operationally and financially. We will have the 2 locations operational and continue plans for opening additional locations in the Tampa area in 2022. We will adjust to the challenges all companies are facing and refine our Pretzel Haus store opening template to make for a smoother experience for all as we execute our strategic vision. I continue to report that we will not be increasing our authorized shares beyond the 4B to protect our shareholders. We will continue our positive history of publishing Quarterly Financials on-time when we publish the Full Year 2021 financials on Thursday February 10^th where more details will be provided related to the financial performance and future expansion plans of the GRILLiT Brands.

Once again, thank you for your continued support and I wish you all a happy and healthy 2022.

Sincerely,
Greg

CONTACT:

Greg Mitchell - CEO

https://grillitbrands.com/

E-mail: info@grillitbrands.com

Forward-Looking Statements

Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Examples of forward-looking statements in this news release include statements regarding the potential growth and advantages related to market trends and consumer preferences. Factors could cause actual results to differ materially from these forward-looking statements. These risk and uncertainties are detailed from information that may be detailed from time-to-time filings.