Sibannac, Inc. Enters Collaboration with World Renowned Product Formulator and Provides Corporate Updates
Scottsdale, Arizona--(Newsfile Corp. - May 5, 2022) - Sibannac, Inc. (OTC Pink: SNNC), a Nevada corporation (the "Company"), announced the following:
Mr. Kehoe is a seasoned entrepreneur and nationally renowned expert on product innovation, rapid product prototyping and new product launches. Mr. Kehoe is recognized for his unique ability to identify innovative new product concepts and breakthrough technologies and create practical solutions that have resulted in multiple patent applications and successful commercial products. He is an inventor or co-inventor on over 20 U.S. Patents that include new products, processes and equipment. Mr. Kehoe has successfully formulated over a dozen consumer products sold on store shelves. Mr. Kehoe's background includes over 25 years developing new products within the consumer products industry. Previously, Mr. Kehoe held senior management positions for Wm. Wrigley Jr. Company, Gum Tech International, and Nabisco Foods Company.
As Senior Director of New Product Innovation for the Wm. Wrigley Jr. Company, Mr. Kehoe coordinated the ideation and rapid prototype development of next generation products. At Nabisco, he developed or co-developed the successful launches of numerous consumer products that have maintained strong market presence for over a decade. He has also written research papers and reports related to various topics, such as functional and medical foods, dietary supplements, OTC drugs, homeopathic remedies, and innovative drug/actives delivery systems.
Mr. Kehoe is the lead designer behind Sibannac's next-generation wellness product, yet to be announced. The initial design and formulation are completed and now moving into prototyping as the Company is testing various delivery systems.
The Campus Co - standing for Campus Community - serves as the portal for all consumer and commercial relationships of Sibannac. In addition to long-established brands like Coca-Cola, the Campus will be focused on recruiting, incubating and developing brands in the health, fitness and sports categories, with concentration on nutraceuticals and functional foods. The platform will be managed and operated by Eric Stoll, Sibannac's newly minted CMO, who is migrating his entire Lifetime Branding portfolio to the Campus.
The Class A Preferred stock was mistakenly referred to in the prior disclosure as being convertible. The class has voting rights only, with no conversion rights, and has no dilutive effect on the common stock. Mr. Mersky is the sole holder of the shares in the class. Clarification will be contained in the Company's next filing.
Sibannac's CEO, David Mersky, has agreed to exchange $475,000 in compensation for stock. This transaction results in eliminating debt and ensures Mr. Mersky's long-term commitment to the Company. "At long last we've assembled the best team and are now executing on our vision to bring premium wellness products to the market. I decided to go all-in and take my compensation in stock as I am firmly committed to Sibannac's future, said Mr. Mersky.
Cautionary Note Regarding Forward-Looking Statements.
This press release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Sibannac, Inc. (the "Company"), its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and actual results may differ materially from those projected in the forward looking statements as a result of various factors. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
Media Contact: IR@theCampusCo.com
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