Alkame Holdings, Inc. Announces Corporate Update

LAS VEGAS, NV / ACCESSWIRE / November 15, 2021 / Alkame Holdings, Inc. (OTC PINK:ALKM), a publicly traded holding company, is pleased to provide a corporate update.

"Dear valued Shareholders,

It has been a while since our last Corporate Update and we would like to take this time to provide an update of where we are as a Company, and the changes and opportunities that lie ahead of us.

Like so many other companies affected by the pandemic, we too have faced numerous challenges. With a smaller downsized team, we reduced our corporate overhead to better weather the challenges caused by the pandemic. Behind the scenes, we have made great strides towards business growth beginning with the fourth quarter of 2021 and well into next year and beyond.

The pandemic has had a significant impact in areas such as material and labor shortages, logistics, pricing, and shipping delays, all of which we have experienced. Despite these constraints, we are proud to announce that we have achieved a major Company milestone as we have completed the buildout of our new Salem facility, and after passing inspection, have met all required regulatory and compliance metrics at this new facility and as we recently announced, it is now operational. Unfortunately, we also experienced longer than expected delays which put the facility way behind schedule, leading to a major impact on our revenue stream. Thankfully, we are seeing our pipeline of business rapidly develop, and can look forward to getting back to our original growth plans as we rebuild shareholder value.

The first step in our growth plan was reducing overhead and opening our new facility. These objectives have now been accomplished.

The second step of our continuing growth plan included reducing corporate debt. We have been able to renegotiate several older financing arrangements on more favorable terms including the reduction of corporate debt including forgiveness of approximately $379,000 of accrued interest with no further accruals going forward on those notes, and conversion of approximately $179,330 of notes approximately.

The third step is revenue. The delay bringing our Salem facility online caused many problems, most important is the delay in our projected revenues. With the facility up and running, we can again focus on growth which includes a combination of organic growth from our co-packing services, and development and expansion of our own brands.