VANCOUVER, Jan. 29, 2018 /CNW/ - Peekaboo Beans Inc.
("Peekaboo Beans" or the "Company")
(TSXV-BEAN), a direct-sales retailer of children's apparel, is
pleased to announce a 108% year over year increase in January
month to date sales. A total of 12.35% of sales stemmed from the
USA.
Traci Costa, CEO of Peekaboo
Beans states "Sales are trending upwards in a big way with the
sales in the USA picking up a
steady pace. The goal is to replicate this trend month over month
and build out and start building out a global strategy."
The company recently announced it has engaged Canaccord Genuity
Corp ("Canaccord") and Gravitas Securities inc. (collectively, the
"Agents") to act as co-lead agents on a commercially reasonable
efforts basis in connection with a private placement for an
aggregate gross proceeds of up to $1,500,000 (the "Offering"). The company will
issue up to 2,000,000 units of the company (the "Units") at a price
of $0.75 per Unit pursuant to the
Offering. Each Unit will be comprised of one common share of the
Company and one-half of one common share purchase warrant (each
whole warrant, a "Warrant"). Each Warrant will be exercisable into
one common share of the Company at a price of $1.00 for a period of 24 months following the
closing of the Offering. Please refer to press release dated
January 23, 2018 posted on the
Company website: investors.peekaboobeans.com for additional
details.
About Peekaboo Beans
Peekaboo Beans Inc. is a high-quality, ethically manufactured
children's apparel brand sold exclusively through its direct-sales
network of Stylists or independent sales representatives. In line
with its mission, Peekaboo Beans develops custom fabrics and
designs its apparel to promote play in children's lives. Through
the direct-sales model, Peekaboo Beans trains women to be
entrepreneurs, build a business and generate income on their own
terms. Peekaboo Beans has 14,488,701 Common Shares and 1,963,435,
warrants outstanding and is the first and only Canadian public
company with a majority female board of directors.
Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. This news release may include forward-looking
information that is subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to
be considered forward-looking. Although the Company believes the
expectations expressed in such forward-looking information are
based on reasonable assumptions, such information is not a
guarantee of future performance and actual results or developments
may differ materially from those contained in forward-looking
information. Factors that could cause actual results to differ
materially from those in forward-looking information include, but
are not limited to, fluctuations in market prices, successes of the
operations of the Company, continued availability of capital and
financing and general economic, market or business conditions.
There can be no assurances that such information will prove
accurate and, therefore, readers are advised to rely on their own
evaluation of such uncertainties. The Company does not assume any
obligation to update any forward-looking information except as
required under the applicable securities laws.
SOURCE Peekaboo Beans Inc.