Acquisition of GestureTek Systems Assets and Business by Winning Brands Receives Court Approval and Acquisition Order

GestureTek trademark rights go to Winning Brands Corporation

NEW YORK, NY /ACCESSWIRE/ May 19, 2022 / Society of Winning Brands (OTC PINK: WNBD) www.WinningBrands.com moved closer to completing its acquisition of the assets and immersive gesture control business of GestureTek Systems Inc. The Ontario Superior Court of Justice today granted a motion to order and approve the acquisition. Winning Brands Corporation is the purchaser of the assets and rights that became available in the earlier bankruptcy case of GestureTek Systems Inc of Toronto. The approval and acquisition order is subject to a 10-day appeal period, after which a court-appointed receiver will be responsible for delivering to Winning Brands Corporation a certificate of receiver confirming performance of certain details procedure, after which the transaction will be declared closed.

GestureTek’s technology has been at the forefront of innovation in immersive touchless gesture control of a wide range of computer display systems serving users across many industries. The brand is well known and respected in the gesture control market and enjoys a large commercial customer base all over the world. A brief overview of GestureTek’s award-winning history in the medical and other industries can be viewed here: www.GestureTekHealth.com. Many video resources are also available here: https://vimeo.com/GestureTek

Winning Brands CEO Eric Lehner commented, “I thank the other parties to this transaction for their cooperation and goodwill in a complex exercise. Intellectual property involves considerable expertise. Winning Brands looks forward to serving all existing and new customers of GestureTek’s technology and services, with the help of GestureTek’s dedicated team, supported by our third-party service providers. More information will soon be communicated to shareholders and our marketplace. We have major positive initiatives in the works to make the GestureTek brand better than ever. This is great news for GestureTek customers.

Winning Brands discusses its activity on its various public information platforms in order to ensure that shareholders understand the company’s economic model, its activities, its challenges and its opportunities. These discussions include a maintained CEO blog for Winning Brands shareholders at www.WinningBrandsCorporation.com/blog. It is a journal of the company’s mission, providing answers to questions from shareholders. The blog is a regular source of public information regarding the winning brands, in accordance with SEC guidelines on fair disclosure. For the same purpose, the company also maintains a presence on Twitter: www.twitter.com/WinningCEO.

ABOUT WINNING BRANDS CORPORATION

Winning Brands is an official manufacturer of a variety of eco-friendly consumer products. Winning Brands has indicated in its public communications that it is seeking to improve shareholder value by arranging additional business ventures with a broader scope, including the launch of a technology division. This technical division will be the new planning headquarters for the GestureTek brand, in cooperation with the many people interested in GestureTek’s presence and growth in the industry.

Safe Harbor: Statements in this press release, other than those identifying historical facts, constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 and the safe harbor provisions contained in the Private Securities Litigation Reform. Act of 1995. These forward-looking statements relating to the future expectations of the Company, including, but not limited to, revenues and profits, technological effectiveness, strategies and plans, are subject to the protection of the sphere of security. The company’s actual results and performance may differ materially from any future results, performance, strategies, plans or achievements that may be expressed or implied by such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

CONTACT:
Eric Lehner
Winning brands
+1 705-737-4062 ext. 8
[email protected]
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THE SOURCE: Winning Brands Corp.

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https://www.accesswire.com/702092/Winning-Brands-Acquisition-of-GestureTek-Systems-Assets-and-Business-Receives-Court-Approval-Vesting-Order