Blueprint
Exhibit 99.1
LEVEL BRANDS ANNOUNCES CLOSING OF $12 MILLION INITIAL PUBLIC
OFFERING
Listing on the NYSE American under the ticker symbol
“LEVB”
CHARLOTTE, NC – November 16, 2017 – Level Brands, Inc.
(“Level Brands” or the “Company”),
an innovative marketing and licensing company that provides bold,
unconventional and socially responsible branding for leading
businesses, today
announces that is has closed its initial public offering of
2,000,000 shares of common stock at a public offering price of
$6.00 per share for gross proceeds of $12 million. Level Brands
expects its common stock to begin trading on NYSE American under
the ticker symbol “LEVB” on November 17,
2017.
"We are
delighted that Level Brands, Inc. has chosen to list on NYSE
American,” said John Tuttle, NYSE Global Head of Listings.
“We look forward to partnering with Level Brands as it
continues to grow and support socially conscious consumer
lifestyle, beauty and entertainment companies.” Joseph Gunnar
& Co., LLC acted as the sole book-running manager for the
offering. TriPoint Global Equities, LLC, working with its online
division BANQ® (www.banq.co),
acted as co-manager and selling agent for the
offering.
For
additional information on Level Brands, the offering and any other
related topics, please review the Form 1-A offering circular that
can be found at the following location
(https://www.sec.gov/Archives/edgar/data/1644903/000165495417009735/level_253g1.htm) or
contact Joseph Gunnar & Co., LLC, 30 Broad Street, 11th Fl, New
York, NY 10004 or via telephone at 212-440-9600 or email:
prospectus@jgunnar.com.
About Level Brands, Inc.
Level
Brands creates bold, unconventional and socially responsible
branding for leading businesses. With a focus on corporate brand
management and consumer products marketing art, beauty, fashion,
health & wellness including the beverage space, entertainment,
and real estate. Licensed brand marketing is at the core of the
Level Brand businesses: Ireland Men One or I'M1, for millennial men
and the women who love them; Encore Endeavor One or EE1, corporate
brand management and producer of experiential entertainment events
and products across multiple platforms; and Beauty & Pin-Ups,
Level Brands' hair care and disruptive women's products
brand.
Forward-Looking Statements
This
press release may include ''forward-looking statements.'' To the
extent that the information presented in this presentation
discusses financial projections, information, or expectations about
Level Brands, Inc.’s business plans, results of operations,
products or markets, or otherwise makes statements about future
events, such statements are forward-looking. Such forward-looking
statements can be identified by the use of words such as
''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,''
''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,''
and ''proposes.'' Although Level Brands, Inc. believes that the
expectations reflected in these forward-looking statements are
based on reasonable assumptions, there are a number of risks and
uncertainties that could cause actual results to differ materially
from such forward-looking statements. You are urged to carefully
review and consider any cautionary statements and other
disclosures, including the statements made under the heading "Risk
Factors" and elsewhere in the Offering Statement filed with the
Securities and Exchange Commission (the “SEC”).
Forward-looking statements speak only as of the date of the
document in which they are contained, and Level Brands, Inc. does
not undertake any duty to update any forward-looking statements
except as may be required by law.
Contact:
MDC Group
Investor
Relations:
David
Castaneda
414.351.9758
IR@LevelBrands.com
Press
Inquiries for Level Brands:
Susan
Roush
805.624.7624
PR@LevelBrands.com
Press
Inquiries for Kathy Ireland and kathy ireland®
Worldwide:
Rona
Menashe
310.246.4600
rona@guttmanpr.com ]