(TheNewswire)
Vancouver, BC / TheNewswire / November 18, 2016 – Naturally
Splendid Enterprises Ltd. (“Naturally Splendid”) (NSP – TSX Venture) (NSPDF – OTCQB) (50N – Frankfurt) announces that
following a review of its disclosure by the TSX Venture Exchange it wishes to clarify the following matters.
Retraction of Analyst Report of SkyCapitalReport dated July 14, 2016
Naturally Splendid wishes to clarify and retract the information contained in an analyst report prepared by
SkyCapitalReport dated July 14, 2016 (the “Report”).
Naturally Splendid is retracting the Report in its entirety as it was inappropriate to disclose sales forecasts
not supported by sales commitments or definitive contracts or to set out an EV/Sales multiple for Naturally Splendid as it is an
early stage start-up business that does not have a track record of revenues and such disclosure fails to comply with National
Instrument 51-102.
Engagement of SkyCapitalReport for Investor Relations Activities
Naturally Splendid announces that it engaged SkyCapitalReport to prepare an analyst reports on Naturally
Splendid. The term of the engagement was intended to cover a period of approximately six months commencing from early July
2016. After the issuance of the report dated July 21, 2016, Naturally Splendid terminated the services of SkyCapitalReport in
late July 2016. Naturally Splendid paid $20,000 cash for the services of SkyCapitalReport. SkyCapitalReport, based in
Vancouver, British Columbia, is in the business of preparing and distributing analyst reports on its clients and is controlled by
Mike Rogers.
For more information e-mail info@naturallysplendid.com or call 604-673-9573.
On Behalf of the Board of Directors
J. Craig Goodwin, CEO, Director
Naturally Splendid Enterprises Ltd.
#108 19100 Airport Way,
Abbotsford, BC V3Y 0E2
Office:
(604) 465-0548
Fax: (604) 465-1128
info@naturallysplendid.com
www.naturallysplendid.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as
of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations.
They are not guarantees of future performance. Naturally Splendid cautions that all forward-looking statements are inherently
uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally
Splendid's control including, but not limited to, Naturally Splendid's ability to complete the private placement
financing. Accordingly, actual and future events, conditions and results may differ materially from the
estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required
under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking
information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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