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January 3rd, 2022 — via OTC Markets — DRYWORLD (OTC Pink: IBGR) is pleased to provide the following year end corporate update.
2021 Reflection
The first 6 months of 2021 were focused on completing corporate governance tasks related to the merger and preparing for the fall announcements which were outlined in our July 8, 2021, corporate update:
Over the 6 months following the July 8th update we executed by delivering:
On September 21, 2021, we announced we had obtained bridge financing and that we planned on filing a Regulation A offering. We set a target of having the RegA filed within 35 days, and filed the RegA November 4th, 32 business days later. The SEC provided us with a no review letter on November 10. We are now working on clearing the blue-sky laws for each state that we intend to accept investors and will make our request to make the RegA effective to the SEC once we have cleared the blue-sky laws.
On September 23, 2021 the share price hit a 5 year high of $0.735; up significantly from the day Dryworld Brands announced the LOI with IBGR (June 17, 2020) when the share price was trading at $.0035. This created significant gains for many and provided a strong base share price that we hope to continue to build.
With regard to the name and ticker change, we are responding to comments from FINRA and expect to complete the process shortly.
We have been working diligently to create value for our shareholders and have delivered on our commitments to date. We know the work has just begun and we anticipate 2022 being a breakout year for the brand based on the foundation we have built over the last 18 months as a public company.
2022 Projection
2022 is scheduled to be a busy year for DRYWORLD, with the following:
Q1 (January - March)
Q2 (April - June)
Q3 (July - September)
Q4 (October - December)
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In addition to the schedule the Company is committed to above, we are in active negotiations with:
“2021 saw management put in place the foundational building blocks for an exciting year ahead. To our shareholders, we thank you for the belief, love and support and know Team D will continue to work day and night to deliver on our word.” commented McKenzie.
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Contact: info@thedryworld.com
ABOUT DRYWORLD
DRYWORLD is a premium performance sports brand offering innovative, superior quality apparel and gear for the athlete in all of us. We build purpose-driven products that give all athletes the edge. Engineered by athletes, proven by science.
Safe Harbor for Forward Looking Statements
This press release contains forward-looking statements and is subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward-looking statements. For- ward-looking statements give our current reasonable expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate," "estimate," "expect," "project," "plan," "intend," "believe," "may," "should," "can have," "likely" and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events.
The forward-looking statements contained in this press release are based on reasonable assumptions we have made in light of our industry experience, perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. As you read and consider this press release you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond our control) and assumptions. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance anticipated in the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove incorrect or change, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements.
Any forward-looking statement made by us in this press release speaks only as of the date of this press release. Factors or events that could cause our actual operating and financial performance to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise.
