Iconic Brands, Inc. Comments on Recent Promotional and Trading Activities at Request of OTC Markets - Seite 2

The Company recognizes that the statements made by the unrelated third parties may be deemed to have encouraged investors to purchase common stock of the Company in the open market.  While statements made by the unrelated third parties contain no factual inaccuracies or any material non-public information, none of the materials were reviewed or approved by the Company or its third-party service provider, and any opinions expressed by the authors are theirs alone as we had no notice or right of editorial control over the content.

The Company disclaims any potentially misleading or exaggerated statements in the materials, and readers of the materials should not place undue reliance on the materials. The Company does not condone the use of sensational language to describe the Company’s business prospects or any statements made regarding the urgency of investing in the Company’s common stock, or any other similar statements.  The Company further notes that investing in the Company’s securities involves certain risks and uncertainties that investors should review prior to making any investment decision. The Company encourages all investors to undertake proper due diligence and carefully consider all investment decisions and directs all potential investors to rely on its filings and disclosures made with the SEC, which are accessible at www.sec.gov and available on the disclosure page for ICNB on the OTC Markets website at www.otcmarkets.com.

Upon inquiry of management, directors, control persons and third-party service providers, to the Company’s knowledge, based upon filings made with the SEC and other information available to the Company, during the past 90 days, no such persons executed any purchase or sales transactions of the Company’s securities.

The OTC Markets has further requested that the Company state whether it has issued any shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance.  The Company represents, as disclosed in its filings with the Securities and Exchange Commission (“SEC”) made on October 4, 2018 and July 23, 2019, respectively, that is has issued instruments allowing conversion to equity securities at fixed prices constituting a discount to the current market rate at the time of the issuance, as more fully described below.