A Billion Shares Retired: Branded Legacy's Unwavering Commitment to Shareholder Value
MELBOURNE, Fla. , Oct. 26, 2023 /PRNewswire/ -- Branded Legacy, Inc (OTC.PK: BLEG), proudly announces a significant enhancement to its commitment to bolstering shareholder value. The company has successfully retired an additional 1 billion common shares this week, bringing the total retired shares to an impressive 1.6 billion, including the 600 million previously retired. This milestone marks a momentous achievement in its ongoing efforts to create lasting value for its shareholders.
This strategic move underscores Branded Legacy's unwavering dedication to cultivating sustainable growth for its shareholders. The retirement of these shares demonstrates the company's financial stability and long-term vision, fortifying its promise to deliver enduring value to its esteemed investors.
David Oswald, CEO of Branded Legacy, commented on this remarkable milestone, stating, "The retirement of 1 billion shares this week represents a decisive step in our commitment to shareholders. We wholeheartedly believe in our brand's strength and potential, and this action demonstrates our unwavering resolve to fortify Branded Legacy's position in the industry."
Furthermore, Branded Legacy reaffirms its commitment to strengthening shareholder value by announcing its intention to retire additional shares next week. This forward-looking initiative aims to further enhance the company's financial structure, solidify its market position, and deliver sustained growth.
The retirement of 1.6 billion common shares this quarter, underscores Branded Legacy's strong financial foundation and its ability to fuel revenue growth while enhancing shareholder value. This strategic step is in perfect harmony with the company's primary goals and solidifies its standing as a leading force in the biotechnology and wellness industries.
Branded Legacy remains steadfast in its core mission of developing innovative products and services that contribute to a healthier and more sustainable future for all. The retirement of these shares firmly positions the company for sustained growth and prosperity.
About Branded Legacy
Branded Legacy Inc. (OTC: $BLEG) is a forward-thinking biotechnology company dedicated to driving innovation in plant-derived medicines and biotechnological breakthroughs. The company's strategic partnerships and milestone achievements highlight its dedication to transforming patient care and contributing to the advancement of healthcare solutions.
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Safe Harbor Statement on Forward-Looking Language:
This release includes forward-looking statements, which are based on certain assumptions and reflect management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. Dilution, if any, would be for the purposes of management taking stock in lieu of cash salary. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, this press release that is not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future.
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SOURCE Branded Legacy, Inc.