MT. PLEASANT, Utah, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Pursuant to the terms of the Asset Purchase Agreement signed on February
22nd, 2017, Green PolkaDot Box Incorporated (Pink Sheets:GPDB) and Buying Collective Holdings Incorporated
(“BCHI”) formed a joint venture to deploy new working capital from BCHI for the development and national launch of the Health
Merchant® network of virtual online stores in a newly formed subsidiary of BCHI, Green Polka Dot Box LLC (the “LLC”), until a final
closing of the Asset Purchase Agreement can occur.
Joint Venture Activities
The LLC commenced business activities in July 2017 and began organizing to establish direct purchasing relationships with
hundreds of the nation’s top CLEAN (organic, non-GMO) food manufacturers and suppliers. Inventory purchases commenced in November
of this year. By the end of December more than 1,600 unique products were purchased and stocked in the LLC’s warehouse in Mt.
Pleasant, Utah; short of the Company’s goal to stock over 3,500 CLEAN food products.
Crowdfunding Offering
Concurrent with the LLC’s efforts to build inventory levels, on December 12th, BCHI opened a Title III Crowdfunding offering at
www.startengine.com/bchi. Proceeds from the offering are intended to increase inventory levels to meet building demand by the LLC’s
Health Merchant stores. The Offering closes in approximately 26 days or when BCHI’s goal of $1,000,000 is achieved, whichever
occurs first.
Health Merchant Store Activations
Anticipating continuing acquisition of inventory, approximately 100 of 250 Health Merchants have commenced sales operations on a
limited basis. However, the LLC is announcing today that it has reached or signed new agreements with several prominent CLEAN food
market influencers to become Health Merchants on the LLC’s digital platform and open their new stores in the coming weeks.
These new, “Super” Health Merchants include March Against Monsanto organization (4,000,000 followers), the Organic Consumer
Association (1,300,000 followers and subscribers), Optivida (Davis Distribution) with more than 3,000,000 followers, and another
major organization with 8,000,000 subscribers to be identified next month. Collectively, these new Health Merchants will bring
potentially more than 16,000,000 consumers to shop at their stores, opening between now and April 1st.
About GPDB: Green PolkaDot Box® is America’s “first mover” virtual online U.S. distributor of CLEAN
foods—direct to consumer—through its unique and disruptive Health Merchant® network comprised of hundreds of market
influencers.
About BCHI: Buying Collective Holdings Incorporated is a newly formed holding company that is focused on the
development and financing of vertically integrated companies providing affordable access to non-GMO contaminated foods.
Forward-Looking Statements
Non-historical statements included in this press release are forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the Company's future performance are
subject to many factors including, but not limited to: working capital and availability of capital, implementation difficulties,
impacts involving key vendors, lenders, competitors, and other risks. Such statements are based upon management's current beliefs
and expectations subject to significant risks and uncertainties. Actual results may differ from those set forth in the
forward-looking statements. When used in this press release, the terms "anticipate", "believe", "estimate", "expect", "may",
"should", "plan", "possible", "potential", "project", "will", and similar expressions identify forward-looking statements. There is
no guarantee that the Company will enter into the agreements referenced herein, nor if we do, that successful implementation will
transpire. The forward-looking statements contained herein are made as of the date hereof, and we do not undertake any obligation
to update any forward-looking statements, whether as a result of future events, new information, or otherwise. For additional
information contact BCHI CEO Rod Smith at (801) 478-2500, ext. 1000 or write to: rsmith@greenpolkadotbox.com. Forward-Looking
Statements Non-historical statements included in this press release are forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the Company's future performance are
subject to many factors including, but not limited to: working capital and availability of capital, implementation difficulties,
impacts involving key vendors, lenders, competitors, and other risks. Such statements are based upon management's current beliefs
and expectations subject to significant risks and uncertainties. Actual results may differ from those set forth in the
forward-looking statements. When used in this press release, the terms "anticipate", "believe", "estimate", "expect", "may",
"should", "plan", "possible", "potential", "project", "will", and similar expressions identify forward-looking statements. There is
no guarantee that the Company will enter into the agreements referenced herein, nor if we do, that successful implementation will
transpire. The forward-looking statements contained herein are made as of the date hereof, and we do not undertake any obligation
to update any forward-looking statements, whether as a result of future events, new information, or otherwise.
For additional information contact BCHI CEO Rod Smith at (801) 478-2500, ext. 1000 or write to: rsmith@greenpolkadotbox.com.
Source: Uptick Newswire
