Koios Announces Filing of Annual and Interim Financial Statements

Rhea-AI Summary

Koios Beverage Corp. has filed its audited annual financial statements for the year ending May 31, 2022, along with the interim financial statements for August 31, 2022, on SEDAR. The company expects the revocation of the cease trade order due to failure to file financial statements to be resolved shortly. Koios operates as a functional beverage company, distributing its products via a network of over 4,400 retail locations across the U.S. Its offerings leverage nootropics and organic compounds that promote cognitive function and overall productivity.

Positive

• Successful filing of audited financial statements and interim reports on SEDAR.
• Anticipation of revocation of the cease trade order in the near term.
• Strong distribution network with over 4,400 retail locations.

Negative

• None.

DENVER, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Koios Beverage Corp. (CSE: FIT; OTC: FITSF) (the "Company" or "Koios") announces that further to its press release dated December 23, 2022, the Company has now filed its audited annual financial statements for the year ended May 31, 2022, the related management's discussion and analysis and CEO and CFO certifications and its unaudited interim financial statements, related management's discussion and analysis and CEO and CFO certifications for the three months ended August 31, 2022, on SEDAR at www.sedar.com.

The Company anticipates that the revocation of the failure to file financial statement cease trade order will occur within a few days. 

On behalf of the Board of Directors of the Company,

KOIOS BEVERAGE CORP.

"Chris Miller"

Chris Miller, CEO, Interim CFO, and Director

For further information, please contact:

Gina Burrus
844-255-6467
ir@koiosbeveragecorp.com

THE CANADIAN SECURITIES EXCHANGE (CSE) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

About Koios Beverage Corp.

The Company is an emerging functional beverage company which has an available distribution network of more than 4,400 retail locations across the United States in which to sell its products. Koios has relationships with some of the largest and most reputable distributors in the United States, including Europa Sports, Muscle Foods USA, KeHE, and Wishing-U-Well. Koios uses a proprietary blend of nootropics and natural organic compounds to enhance human productivity without using harmful chemicals or stimulants. Koios products have been shown to enhance focus, concentration, mental capacity, memory retention, cognitive function, alertness, and brain capacity, and create all-day mental clarity. Its ingredients are specifically designed to target brain function by increasing blood flow, oxygen levels, and neural connections in the brain.

Koios produces one of the only drinks in the world infused with MCT oil. MCT oil is derived from coconuts and has been shown to help the body burn fat more effectively, create lasting energy from a natural food source, produce ketones in the brain, allowing for greater brain function and clarity, support healthy hormone production, and improve immunity. For more information, please visit our website: https://www.koiosbeveragecorp.com.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking information and information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes statements regarding the intention of the Company to issue the Bonus Warrants and the expiry of hold periods applicable to securities issued in connection with the Private Placement. The forward-looking information reflects management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; (ii) changes to the growth and size of the functional beverage markets; and (iii) other factors beyond the control of the Company. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time, and it is impossible for the Company's management to predict all risk factors, nor can the Company assess the impact of all factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.

The statements in this news release have not been evaluated by Health Canada or the U.S. Food and Drug Administration. As each individual is different, the benefits, if any, of taking the Company's products will vary from person to person. No claims or guarantees can be made as to the effects of the Company's products on an individual's health and well-being. The Company's products are not intended to diagnose, treat, cure, or prevent any disease.

This news release may contain trademarked names of third-party entities (or their respective offerings with trademarked names) typically in reference to (i) relationships had by Koios with such third-party entities as referred to in this release and/or (ii) client/vendor/service provider parties whose relationship with Koios is/are referred to in this release. All rights to such trademarks are reserved by their respective owners or licensees.

Contact Information:
Gina Burrus
VP
gina@fitsodas.com

This content was issued through the press release distribution service at Newswire.com.

FAQ

What recent financial documents did Koios Beverage Corp. file?

Koios Beverage Corp. filed its audited annual financial statements for the year ending May 31, 2022, and its interim financial statements for the three months ended August 31, 2022.

When will the cease trade order for Koios Beverage Corp. be lifted?

Koios anticipates that the cease trade order for failing to file financial statements will be revoked within a few days.

How many retail locations does Koios Beverage Corp. distribute to?

Koios has a distribution network of over 4,400 retail locations across the United States.

What does Koios Beverage Corp. specialize in?

Koios Beverage Corp. specializes in functional beverages, utilizing nootropics and organic compounds to enhance cognitive function and productivity.

What are the potential benefits of Koios' products?

Koios products are designed to enhance focus, concentration, memory retention, and overall cognitive function.