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Broadside Enterprises, Inc. Relaunches Along Four Divisions: Media, Branded Goods, Real Estate and Blockchain Technologies

BRSE | December 4, 2017

- Company to reduce authorized share capital and increase par value per share -

PR Newswire

WEST HOLLYWOOD, Calif., Dec. 4, 2017

WEST HOLLYWOOD, Calif., Dec. 4, 2017 /PRNewswire/ -- Broadside Enterprises, Inc. ("Broadside" or "Company") (OTC: BRSE), announced today that the Company is relaunching along four divisions: Media, Branded Goods, Real Estate and Blockchain Technologies. As part of its reorganization and reboot, the Company has created a new website which can be found at www.broadside-enterprises.com.

"2018 will be a transformative year for Broadside," said Christopher Petzel, Chairman and CEO of the Company. "We are excited about our new direction and the transactions we are considering for each of our divisions."

The Company is in talks to acquire a European-based television company for its Media division. For Branded Goods, Broadside is negotiating for an established trademark portfolio as well as a number of alcoholic beverage brands. Under its Real Estate division, the Company has closed a non-binding letter of intent for a residential development opportunity in Florida and is in discussion on other projects including one located in Quebec, Canada. The Blockchain Technologies division is in discussion to acquire an Eastern European information technology company in order to establish a large-scale crypto-mining operation.

The Company has not issued any shares since January 2017 and will drastically reduce its authorized share capital and significantly increase its par value per share following a reverse split of its Common and Preferred Stock on July 27, 2017. The Company's float has remained unchanged throughout 2017.

As further described in its financial statements, the Company no longer has an ownership stake in Framepool AG but remains a creditor in the German bankruptcy proceedings. The negotiations with Leono Solar Solutions announced by the Company in March 2017 have since been abandoned.

Additional information about Broadside Enterprises can be found in the Company's reports and filings at www.OTCMarkets.com, on the Broadside Enterprises website at www.broadside-enterprises.com and on Twitter at @brse_news.

About Broadside Enterprises, Inc.:

Broadside Enterprises, Inc. (OTC: BRSE) is a publicly traded company with four divisions: Media, Branded Goods, Real Estate and Blockchain Technologies.

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's reports and filings at http://www.OTCMarkets.com.

Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.