BRK Updates Shareholders on Capital Generation and Policy

Rhea-AI Summary

BRK, Inc. (OTC: BRKK) announced key updates for shareholders on Aug. 20, 2020. The company is projected to achieve operating cash flow positivity in the fourth quarter of the year. Management aims for a financing strategy comprising 70% non-dilutive sources and 30% traditional, potentially raising $5-$10 million. They plan to leverage innovative digital tokens as part of their consumer strategies. Forward-looking statements highlight the company's anticipation of revenue growth and the commercialization of their new helmet camera technology, despite inherent business risks.

Positive

• Projected to achieve operating cash flow positivity in 4Q 2020.
• Aims for a financing strategy of 70% non-dilutive sources, reducing shareholder dilution.
• Potential to raise $5-$10 million through innovative financing methods.

Negative

• Dependence on novel financing methods raises concerns about execution risks.
• Potential challenges in commercialization of newly-acquired helmet camera.

HENDERSON, Nev., Aug. 20, 2020 /PRNewswire/ -- BRK, Inc. (the "Company") (OTC: BRKK) wishes to inform its shareholders on two important capital generation and policy points.

First, management now expects, as a result of recent developments, to be operating cash flow positive in 4Q of this year.

Second, the company has set as a goal a ratio of 70% / 30% of totally non-dilutive versus traditional financing sources. Amongst financing sources, the company will employ novel mechanisms such as alternative digital tokens integrated into consumer propositions currently in development. Management expects that the proceeds of these non-dilutive financing sources will range between $5-10m. Should the higher end of the range be hit, the company expects to access negligible amounts of financing capital through traditional sources.

BRK Inc. (OTC PINK: BRKK), established in 2008, BRK is the next generation in live-action broadcasting technology. We are a full-service provider geared to professional leagues and athletes, whether it be traditional sports, extreme sports or esports, and that will allow fans to watch them in action from perspectives that do not exist today. Our niche is that we are a second screen content provider that does not pose a threat to first screen media but rather we provide the opportunity to pioneer complimentary content and campaigns. 

The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should," ''poised,'' and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those described in any of our other filings with the SEC. In addition, such statements could be affected by risks and uncertainties related to: (i) commercialization of our newly-acquired helmet camera, (ii) continuing development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, and (v) our ability to sell our products in order to generate revenues. Forward-Looking Statements are pertinent only as of the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this news release, will be deemed to supersede such statements in this news release. Information on BRK Inc.'s website, http://www.brkgen2.com does not constitute a part of this release.

Contact:
shareholder@brkincorporated.com 

brkgen2.com

(702) 572-8050

View original content:http://www.prnewswire.com/news-releases/brk-updates-shareholders-on-capital-generation-and-policy-301115647.html

SOURCE BRK, Inc.

FAQ

What is BRK Inc.'s expected cash flow for Q4 2020?

BRK Inc. expects to achieve operating cash flow positivity in Q4 2020.

What is BRK Inc.'s financing strategy?

BRK Inc. aims for a financing strategy of 70% non-dilutive and 30% traditional sources.

How much capital does BRK Inc. plan to raise?

BRK Inc. plans to raise between $5 million and $10 million.

What are the potential risks mentioned in the BRK Inc. press release?

Risks include challenges in commercialization of their helmet camera and reliance on alternative financing.