Vancouver, British Columbia–(Newsfile Corp. – March 21, 2022) – Peekaboo Beans Inc. (CSE: BEAN) (OTC Pink: PBBSF) (“PK Beans” or the “Enterprise”) is happy to announce they have signed a non-binding letter of intent (“LOI”) with For Heroes Only (“FHO”) a company specializing in augmented reality studying adventures to acquire their media capabilities. This acquisition will bring the FHO transmedia manufacturing studio in-residence to grow PK Beans advertising and marketing capabilities into the metaverse.
FHO is a transmedia generation studio set on reworking the way youngsters have interaction with brands. FHO identifies manufacturer licensing opportunities and their team crafts transmedia stories to produce lucrative membership-dependent courses across merchandise classes and media channels, these types of as new music, video clip, audio stories, interactive game titles, AR and VR experiences and board games. FHO aims to integrate technological know-how into regular engage in to spark creativeness and get kids active.
Apparel created for playful residing, PK Beans social intent is to tackle the rising challenge of youngsters play deprivation and its unfavorable effects on childhood growth. PK Beans strongly believes that the encounter of play lays the foundation for a content and wholesome lifetime. They released their model with a mission to design prolonged long lasting, excellent clothing for just about every working day and the savvy consumer hunting for sustainable, practical, higher quality clothes choices for their young ones in the modern-day environment.
FHO developed, developed, created, and owns the mental home, The Peekabeans Club. FHO is entitled to royalties of PK Beans earnings from The Peekabeans Club. By acquiring FHO, PK Beans will personal The Peekabeans Club intellectual house created by FHO.
FHO and PK Beans established The Peekabeans Club to assist mother and father interact with their children in each day transitional times by featuring instructional, lively, and entertaining products to help mothers and fathers from morning to nighttime and in concerning routines.
Upon completion of the acquisition, PK Beans and FHO with each other will request to leverage new mixed initiatives and media abilities to develop the PK Beans organization into a international brand and franchise. The PK Beans brand will contain an expanded apparel range that back links transmedia activities to their attire, and to even further extend the Peekabeans transmedia subscription box sequence. The acquisition results in multiple profits streams by making it possible for PK Beans to additionally produce new proprietary brand names, licensing brands and produce complete transmedia systems for the likes of Mattel manufacturers, other toy makes, athletics franchises, hotel chains and extra.
FHO brings a powerful executive team manufactured up of Emmy Award successful tale crafters, kid psychologists, technology, and internet marketing professionals, all performing together to make franchises that champion young ones.
“We are content to be partnering with PK Beans, an revolutionary and reliable attire organization placing what children require to start with and assisting moms and dads alongside the way in critical transitional times in their kid’s life”, states Francois Paradis, FHO Founder and CEO.
“Our aligned eyesight is to have interaction and entertain little ones in healthful strategies as a result of our transmedia storytelling adventures” claims Traci Costa, CEO and founder of PK Beans, “our objective is to and switch our attire manufacturer into an enjoyment franchise.”
Underneath the non-binding LOI, PK Beans has agreed to obtain FHO for shares these kinds of that right after closing the shareholders of FHO will possess up to 58% of PK Beans. Also, subject matter to closing, PK Beans will entire a financing that values the mix of PK Beans and FHO at no fewer than $6 million. Completion of the transaction is topic to all customary situations which include a satisfactory thanks diligence and the moving into into of a definitive order settlement.
About Peekaboo Beans Inc.
PK Beans is an built-in and innovative children’s wellness brand name. From sustainable outfits alternatives that little ones appreciate to have on, to nutritious foods that fuel children’s engage in, our mission is to deliver the elements for a playful lifestyle. With each other with our month-to-month adventure membership box, consisting of interactive and partaking activities that educate and entertain, made by an Emmy award-profitable youngster psychologist and devoted child-industry experts, our target is to enrich, empower and nourish kids through good quality nourishment, outfits and participate in – just about every working day. The organization maximizes income by achieving sellers and on the internet stores via an omnichannel solution.
To study extra about PK Beans, go to: www.pkbeans.com
On behalf of the Board of Administrators,
Peekaboo Beans Inc.
Ms. Traci Costa, President and CEO
For much more info, please get in touch with the Business at:
This information launch may well include things like ahead-looking data that is subject matter to challenges and uncertainties. All statements within, other than statements of historical point, are to be viewed as forward-hunting. Even though the Organization thinks the expectations expressed in this kind of ahead-searching info are primarily based on reasonable assumptions, such data is not a warranty of long run efficiency and true outcomes or developments may possibly vary materially from individuals contained in ahead-seeking information and facts. Elements that could trigger genuine results to vary materially from people in forward-wanting info consist of, but are not restricted to, fluctuations in current market rates, successes of the operations of the Corporation, ongoing availability of capital and financing and standard economic, current market or business circumstances. There can be no assurances that this kind of information will show precise and, consequently, readers are suggested to count on their possess evaluation of this kind of uncertainties. The Business does not presume any obligation to update any forward-looking details other than as essential less than the relevant securities guidelines.
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