WINNIPEG, Manitoba, Jan. 24, 2019 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX-V:KNE, OTCQB:KNBIF), (the
“Corporation” or “Kane Biotech”), is pleased to announced that it has closed and delivered its single largest purchase order in the
history of the company for C$440K of bluestem products to one of the largest pet retail operations in North America. Marc Edwards,
Chief Executive Officer of Kane Biotech, stated, “This is proof that Kane’s strategy of expanding its product line is working. We
now believe that we have the most complete line of dental care products in the industry, supported by safety and efficacy studies
as well as strong branding. This order will include Kane’s newly extended bluestem™ product line including powder water additive,
dental wipes, and a small and medium sized dental chew.”
Grant Humphrey, Vice President of Sales and Business Development at Kane Biotech, stated, “Pet dental care is a
large problem and 80% of dogs and cats will have some form of dental disease by three years of age. Our expanded bluestem™ product
line is not only paying off immediate dividends, as anticipated, but is providing pet owners with a solution that’s adaptable to
their pet’s needs, as well as their lifestyle.”
Kane Biotech is supporting the order with an aggressive marketing campaign, which will include, discounted
pricing (the C$440K order amount is prior to discounts), in-store marketing and digital marketing. As part of this strategy, Kane
will launch a highly-targeted YouTube ad campaign, to be broadcast to more than five million consumers, starting in February’s Pet
Dental Health month and continuing throughout 2019. Kane hopes the campaign will not only increase sales but also raise awareness
of the importance of oral health care for pets.
Marc Edwards, added, “I’m proud to also announce we had a record month in online sales through Amazon for the
month of December 2018. I am expecting our sales to keep growing significantly once we launch our extended bluestem™ product line
on Amazon in March 2019.”
About bluestem™
bluestem™ is the only pet oral care line of products that contain coactiv+ technology - scientifically developed to break down
biofilm where harmful bacteria multiply. bluestem has been proven to help reduce tartar without brushing by up to 25.4%. According
to the American Veterinary Dental Society, 80% of dogs and 70% of cats will suffer from dental problems by the age of 3. bluestem
oral care products contain 100% food-grade ingredients that are approved by Health Canada’s VHP program, as well as follow AAFCO
guidelines. bluestem’s food-grade ingredients are alcohol-free, xylitol-free, chlorhexidine-free, and sugar-free.
In a Good Clinical Practice Efficacy study, sixty dogs had their teeth cleaned and their calculus measured. Half
of the dogs were given bluestem™-treated water and the other half were given regular water. After 84 consecutive days of using
bluestem™-treated water, the calculus score for the treated dogs was 25.4% lower than the control group. In a controlled Good
Scientific Practice (GSP) study, the safety of the bluestem™ water additive was tested over 30 days with some dogs receiving 5
times the recommended dose. After 30 days, the test revealed no evidence of adverse effects related to the consumption of the water
additive.
About Kane Biotech
Kane Biotech is a biotechnology company engaged in the research, development and commercialization of technologies and products
that prevent and remove microbial biofilms.
The Corporation has a portfolio of biotechnologies, intellectual property (75 patents and patents pending, trade
secrets and trademarks) and products developed by the Corporation’s own biofilm research expertise and acquired from leading
research institutions. StrixNB™, DispersinB®, Aledex®, bluestem™, AloSera™, coactiv+™ and Kane® are trademarks of Kane Biotech
Inc. The Corporation is listed on the TSX Venture Exchange under the symbol "KNE" and on the OTCQB Venture Market under
the symbol “KNBIF”.
For more information, please visit www.kanebiotech.com or contact:
Marc Edwards
Chief Executive Officer
Kane Biotech Inc.
+1 (514)
910-6991
medwards@kanebiotech.com
Grant Humphrey
Vice President, Sales and Business Development
Kane Biotech Inc.
+1 (204)
914-5089
ghumphrey@kanebiotech.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information
This press release contains certain statements regarding Kane Biotech Inc. that constitute forward-looking information under
applicable securities law. These statements reflect management’s current beliefs and are based on information currently available
to management. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may
differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited
to, risks relating to the Company’s: (a) financial condition, including lack of significant revenues to date and reliance on equity
and other financing; (b) business, including its early stage of development, government regulation, market acceptance for its
products, rapid technological change and dependence on key personnel; (c) intellectual property including the ability of the
Company to protect its intellectual property and dependence on its strategic partners; and (d) capital structure, including its
lack of dividends on its common shares, volatility of the market price of its common shares and public company costs. Further
information about these and other risks and uncertainties can be found in the disclosure documents filed by the Company with
applicable securities regulatory authorities, available at www.sedar.com. The Company cautions that the foregoing list of factors
that may affect future results is not exhaustive.
These risks and uncertainties should be considered carefully undue reliance should not be placed on the
forward-looking statements. Although the forward-looking statements contained in this press release are based upon what
management believes to be reasonable assumptions, the Company cannot provide assurance that actual results will be consistent with
these forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking
statement.
