arranges a forward $2 million non-dilutive debt financing; will begin exercising the HUMBL Warrants

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Henderson, Nevada, November 19, 2021 (GLOBE NEWSWIRE) — Forward, Inc. (OTCMKT: FORW), announced today that it has organized $2 million in debt financing from its CEO, George Sharp. Under the 12 month loan, Mr. Sharp will be entitled to an interest rate of 8% APR. The loan is not subject to conversion into Forwardly shares.

Proceeds from the loan will be used to immediately purchase 10 million shares of HUMBL, Inc. (OTCMKT: HMBL) through the partial exercise of a warrant the company holds to purchase up to 125 million shares December 2023 at $0.20 per share. Forwardly will not be able to sell these shares until they are registered with the SECOND, and the company does not intend to sell shares at depreciated values.

On HUMBL, Inc.

HUMBL is a consumer blockchain company focused on simplifying blockchain use cases in verticals such as mobile payments, ticketing, NFT, and real estate.

On Forward, Inc.

Forwardly is an opportunity investor looking to partner with new ideas. The company is managed by George Sharp, longtime whistleblower, microcaps fraud lawyer and shareholder rights advocate. In addition to his continued participation in these activities, Mr. Sharp consults with public companies, lawyers and those associated with financial markets. He is also a former consultant of OTC Markets Group, Inc. More information on Forward, Inc. can be obtained from its website at www.ForwardlyPlaced.com

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words “may”, “will”, “should”, “plan”, “expect”. to, “plans”, “continues”, “estimates”, “plans”, “intends” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company’s ability to successfully execute its broader business strategy, including entering into definitive agreements with suppliers, business partners and customers; general economic and business conditions, the effects of continuing geopolitical unrest and regional conflict, competition, changes in technology and marketing methods, delays in the completion of various engineering and manufacturing programs, changes in customer ordering patterns, changes in product lineup, continued success in technical advancements and delivery of technological innovations, component shortages, production delays due to performance quality issues with components outsourced, regulatory requirements and the ability to comply with them, governmental agency rules and changes, and various other factors beyond the Company’s control.

CONTACT:
Forward, Inc.
3535 Executive Terminal Drive
Office 110
Henderson, Nevada 89052
702-840-4433

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Source: Forward, Inc.

2021 GlobeNewswire, Inc., source Press Releases


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