DRYWORLD Brands Shares Corporate Update and Highlights Recent Accomplishments - Seite 2

DRYWORLD's management team increased the authorized number of shares of common stock to 980,000,000 to accommodate capital raising efforts, and intends to continue to raise capital on an as-needed basis to minimize dilution. Noteholders from a financing in September 2021 have converted a portion of their notes into common stock, pursuant to the terms of their agreements.

The Company can confirm that Management has not sold any shares and further, that it is not permitted to sell any shares until the company is fully reporting and the shares are registered with the SEC, and even at that point, management will still be required to file all the appropriate paperwork which would become publicly available information.

Recent Operational Highlights

• DRYWORLD extended its deal with soccer legend Ronaldinho for another 10 years, leading to the signing of PFC Beroe, a Bulgarian club known as "The Greens," and locking in a contractually obligated minimum annual order of $215,000 for the youth academy and fan merchandise.
• DRYWORLD Super League Triathlon and DRYWORLD are negotiating a contract extension to their current three-year deal after a successful first two years that have garnered the brand a combined $68 million in media value and sponsorship value of nearly $17 million with nearly 100 million cumulative global viewers and close to 20,000 hours of global coverage.
• Management continues to work towards the completion of its partnership in China to allow for expansion in the region. An agreement has been reached in principle, and will be signed on completion of a licensing agreement with the current operator of the brand in China.
• After signing a letter of intent to acquire the RESET SYSTEM method of training movement, DRYWORLD is working with its factory partner to build the updated market-ready product, at which time the IP transfer and a global launch will take place.
• DRYWORLD delivered its first order for its recently announced New Zealand Super Rugby Clubs partnership and the e-commerce store has launched, featuring co-branded DRYWORLD compression gear with a range of New Zealand Super Rugby licensed products.
• Last fall, DRYWORLD acquired the Brio Holding Group, Inc., opening access to retail distribution across more than 9,000 locations in Brazil, Columbia, Costa Rica, Ecuador, Panama and Peru. This acquisition is opening up the soccer team kit deals in the region with an update on a deal closing expected imminently.
• The company launched its D Ambassador Program in August 2023 with nine Super League Triathlon athletes, where athletes become shareholders, in nine countries and three continents, making it one of the largest ambassador deals by a single brand in the sport of triathlon. The D Ambassador Program has since increased 411% since launching five months ago and is now onboarding 45 athletes from Europe, LATAM, the UK and the United States. The program has been effective and is performing as expected in driving revenue, with January 2024 eCom revenue up 227% as compared to January 2023.
• Also in 2023, DRYWORLD entered the world of NCAA sports by signing one of the largest NIL (name, image, likeness) deals in its history, initially launching merchandise programs with Sofia Chepenik, a University of South Florida lacrosse player, and Trente Jones, a University of Michigan football player. The NIL athlete merchandise programs are a first of their kind.
• DRYWORLD expanded its philanthropic giving by supporting Curley Boo Johnson's Basketball Camp, Mode Ghana Basketball Camp and the Athens Women's Football Summit.
• The company is positioning itself as a thought leader in the field of athletic performance, and has published 91 posts on its D Word Power of One blog, including tips, tricks, and insights for athletes on how to improve their physical and mental performance.
• With a focus on updating shareholders and key stakeholders, DRYWORLD recently engaged PCG Advisory, Inc., a leading firm specializing in investor relations and digital strategies, to advise on the growing company's global investment outreach and strategic communications.

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