Belle Bonica Luxe Corp. / BlockChain Loyalty Corp. Signs LOI to Acquire a Minority Stake in Internet Streaming Network, FOR US TV

Rhea-AI Summary

Belle Bonica Luxe Corp. to acquire 20% ownership in For US TV

Positive

• BBLC continues to grow by acquiring 20% ownership in For US TV
• BBLC aims to become a lifestyle brand through strategic acquisitions

Negative

• None.

PORTLAND, OR and MONTREAL, QC / ACCESSWIRE / October 5, 2023 / Belle Bonica Luxe Corp. / BlockChain Loyalty Corp. (BBLC) is pleased to announce that it will continue to keep its promise to shareholders, through ongoing strategic moves to become a true "lifestyle brand;" by recently signing a letter of intent to acquire 20% ownership in the subscription-based streaming network, For US TV. BBLC will keep on its trajectory of continued growth by breaking into new markets through these types of acquisitions, aimed at various sectors in the lifestyle space.

"BBLC's vision of acquiring innovative and creative brands, will attract diverse customers from across the globe who are seeking top-quality products and services from their brand partners" said Joel DeBellefeuille, Chairman & CEO of Belle Bonica Luxe Corp. He goes on to say that; "sticking to its vision and values, each BBLC brand must maintain a passion to excel without limitation and they must adhere to the same vision and values of the group."

Svetlana Chernienko, For US TV founder, brings her extensive film industry insights to the table. "Every person has a story," Svetlana emphasizes, "and we need platforms that truly listen."

Transaction terms
The terms of the agreement called for Belle Bonica Luxe Corp. to pay a total of $600,000.00 in Consideration Shares totaling 1,428,571 units, for 20% of For US TV, with the closing date expected to take place on or before October 15^th, 2023. The Company has been in negotiations with For US TV over the last several weeks and both entities are pleased with the terms of the LOI and have agreed to moving forward with the expecting closing, on that date.

Discover For Us TV: Beyond Mainstream Streaming
For US TV is a dynamic internet TV network with versatile on-demand streaming capabilities set to launch fall/winter 2023. Viewers will be able to enjoy an array of movies, TV shows, and the latest releases right at their fingertips, which will be accessible from any device. The network is proudly female-led and Black-owned, with For US TV not only showcasing Black-themed movies, but also affirming space for the BIPOC LGBTQIA+ community; where the network is conscious of the often-skewed portrayal they receive in the media.

Launching at the end of 2023, For US TV will be found on platforms that include Amazon Fire TV, Apple TV, Roku, and Android TV, as well as in app stores. For US TV has connected TV leads that exceed over 300 million viewers on the top 3 platforms where the viewer will have an ads-free premium experience for a subscription-based fee.

Generating revenue
For US TV will be generating revenue through subscription-based video-on-demand and via transactional video-on-demand, and through ads for product placement for companies or brands seeking immediate exposure. Why would a business want product placement in entertainment media? Because marketers can use movie, videogame, or television show settings to advertise their products. If a brand wants to promote its location, it can use this advertising strategy to share with audiences what its site has to offer. Advertising using a setting, can increase brand awareness and the number of customers. BBLC will be using the For US TV network and platform to promote its subsidiaries while retaining revenues in-house, that would otherwise go to a third-party service provider, and most likely, wouldn't even come close to targeting an audience of 300+million viewers.

The acquisition of 20% of For US TV is an integral part of BBLC's growth plans; positioning itself to increase revenues through geographic expansion and strategic acquisitions of product lines and services which are compatible with its business philosophy, brand, and strategic corporate path as a lifestyle brand.

About For US TV
For US TV is a dynamic internet TV network with versatile on-demand streaming capabilities. Viewers can enjoy an array of movies, TV shows, and the latest releases right at their fingertips, accessible from any device.

About Belle Bonica Luxe Corp.
Belle Bonica Luxe Corp. (OTC PINK:BBLC) is dedicated to promoting a lifestyle of health, beauty, and wealth; through the acquisition and development of creative & innovative brands catering to luxury markets that are aimed at improving your way of life, while seeking long-term shareholder value. BBLC's promise is to commit to optimizing shareholder value by continuously sourcing un-paralleled revenue generating brands that match the group's 5 pillars of: "no limits. passionate. creative. innovative. fun"

For more information on For US TV visit: www.forustvproductions.com

For more information visit: www.bellebonica.com
Joel DeBellefeuille, Chairman & CEO, E. joel@bellebonica.com Tel. 1.888.653.1268

To learn more about Joel, visit: www.joeldebellefeuille.com

Investor Relations: Just3 Public Relations, E. ir@bellebonica.com

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934 as well as relevant Canadian securities laws. These statements relate to future events or future performance and reflect management's expectations regarding future business prospects and opportunities. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target" or the negative of these terms or other comparable terminology. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties, including, without limitation, the ability to obtain financing and regulatory and shareholder approval for anticipated actions.

The Company does not assume any responsibility to update or revise any past statements regarding plans or projections related to any expected future events in cases where such plans or projections have not materialized or developed as previously stated or expected.

SOURCE: Blockchain Loyalty Corp.

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FAQ

What is the latest acquisition by BBLC?

BBLC is acquiring 20% ownership in For US TV

What is the expected closing date of the acquisition?

The closing date is expected to be on or before October 15th, 2023

What is For US TV?

For US TV is a dynamic internet TV network set to launch in fall/winter 2023

How will For US TV generate revenue?

For US TV will generate revenue through subscription-based video-on-demand, transactional video-on-demand, and product placement ads

Why is the acquisition of For US TV important for BBLC?

The acquisition is part of BBLC's growth plans and aims to increase revenues through geographic expansion and strategic acquisitions