DNA Brands Provides Material Shareholder Update

Fort Lauderdale, FL, Feb. 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- DNA Brands Inc. and Betta4U Brands Inc. are dually issuing this press release to inform the public that the acquisition of Betta4U Brands Inc., (A Delaware Corp), dba NEO Superwater, has been terminated.

After not being able to make progress and renegotiate the terms of the Betta4U Brands acquisition headed by Mr. Bernard Rubin, DNA Brands and Betta4U brands have mutually agreed to abandon the acquisition.

DNA’s CEO Adrian McKenzie said the following:  “It is with some regret, both companies have agreed to abandon the acquisition and unwind this transaction.  Both sides put in a lot of work into this acquisition, however, I have always kept in mind the best interest of the DNA share holders.   DNA’s share structure remains as is, (8.5 Million shares outstanding, roughly 7 Million shares in the float).   No shares were ever issued in connection to this cancelled  transaction.” We at DNA wish Mr. Rubin the best of luck in his future endeavors, as we at DNA will keep moving forward with our business plan of growth through acquisitions.  The company has been in talks with numerous parties and look forward to informing the public in the coming weeks of our continued progress forward.

About DNA Brands Inc.

DNA Brands is a holding company. The primary asset of the company is the Two Time award winning energy drink line (DNA ENERGY). The flavors are citrus, lemon lime, citrus sugar free, and cranberry raspberry sugar free flavors under the DNA Energy Drink brand name.  At present the company owns all the IP that developed the energy drink line.

DISCLAIMER

This press release contains statements that are "Forward-Looking" in nature (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended).  All Statements regarding the Company's financial position, potential, business strategy, plans and objectives for future operations are Forward-Looking statements. Many of these statements contain words such as "goal," "aims," "may," "expect," "believe," "intend," "anticipate," "estimate," "continue," "would," "exceed," "should," "steady," "plan," "potential," "dramatic," and variations of such words and similar expressions identify Forward-Looking statements, but their absence does not mean that a statement is not a Forward-Looking statement.  Because Forward -Looking statements involve future risks and uncertainties, there are many factors that could cause actual results to differ materially from those expressed or implied. The Company cannot predict the actual effect these factors will have on its results and many of the factors and their effects are beyond the Company's control. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.  Given these uncertainties, you should not rely too heavily on these forward-looking statements.