Recently, DNA Brands, Inc. (OTCMKTS:DNAX) released an update highlighting corporate developments to its shareholders. Last month, amongst other developments, the company’s focused had remained on negotiation deals with its creditors.
Adrian McKenzie, the CEO, said that so far, the creditors have kept the firm alive. The prime objective has been to minimize the debt and get an acceptable debt pay-off ratio. For attaining this set goal, DNA has been in contact with creditors, negotiating a balanced debt forgiveness proposal, which is receiving a good reception.
The developments
Apart from the debt negotiations, in July, the company has fetched interest from numerous private firms, looking to ally with a public unit. The management’s goal is to work with a revenue-generating, self-sustaining business, which brings Intellectual property and also instant revenue to DNA Brands.
McKenzie further added that CEO of DNA, his number one objective has been to bring the DNA energy beverage back into retail shelves. With recent interest seen from private firms, there is a probability of getting on board instant sales. This development in turn will enable the firm to raise the funds required to procure inventory.
The plans
The CEO of DNA further added that although the goods are not back on the retail shelves as yet, there has been no shortage of interest from the investing public. They get emails on a regular basis from both distributors and patrons of the drinks alike, wanting to bring the product back onto shelves. The company has aligned with an industry powerhouse veteran, but for now the name is not disclosed.
Moreover, the firm has and continues to get excellent advice from a top marketing company in the county. The management believes that if they follow the designed path in the coming quarters, DNA will be in superb shape for long-term investors.
Life Clips Inc (OTCMKTS:LCLP) Bolsters Sales and Marketing Network
Life Clips Inc (OTCMKTS:LCLP) has signed a Retail Representative Agreement with Huey Long and Associates as it continues to bolster its sales and marketing infrastructure. The agreement seeks to explore new opportunities for the company’s products given the channels that the firm brings to the table.
Mr. Long is known to have connections to big retail outlets such as Wal-Mart Stores, Inc. (NYSE:WMT), Target Corporation (NYSE:TGT) and Amazon.com, Inc. (NASDAQ:AMZN) that Life Clips can leverage for its action cameras as well as its Mobeego product. The signing of the sales agreement has already been followed by a series of distribution agreements both in the domestic and on the international market.
Life Clips Inc (OTCMKTS:LCLP) is currently pursuing sales opportunities in China, Hong Kong Spain as well as Portugal having inked a string of deals with the likes of Barak Corporation, DFJ Collections and Shepherd limited.
