LQR House Announces Upcoming Share Repurchase Program and Marketing Plans to Enhance Investor Confidence and Integrity – LQR House (NASDAQ:LQR)

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MIAMI BEACH, FL / ACCESSWIRE / AUGUST 25, 2023 / LQR House Inc. (the “Company” or “LQR House”) (NASDAQ:LQR), a visionary marketer focused on becoming a preeminent force in the alcoholic beverages sector, announces two significant initiatives aimed at enhancing shareholder value and market presence. The company’s board of directors has approved a share buyback program, along with an innovative marketing partnership with Gold Standard Media.

Under the newly approved share repurchase program, LQR House is set to receive up to $2,000,000 of its common stock. This strategic move demonstrates the company’s commitment to improving shareholder value while taking advantage of favorable market conditions. Common stock will be acquired through open market purchases, privately negotiated transactions, or other methods, all in full compliance with the guidelines set forth by the US Securities and Exchange Commission and other applicable legal regulations. On August 4th, the company announced that it had 10,155,434 million shares of common stock outstanding prior to its initial public offering in its S1 filing.

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LQR House CEO Sean Dollinger commented, “The current capital market conditions allow us to capture additional value for all shareholders through this measured buyback program. Our Board of Directors and Executive Management Team remain committed to delivering value to our shareholders.”

The implementation of the repurchase program, including the timing, volume of shares repurchased and purchase prices, will be determined based on factors such as available liquidity, cash flows, market conditions, and institutional and regulatory constraints, including possible blackout periods. Importantly, the buyback program is not a binding commitment to acquire any specified amount of shares and may be paused or discontinued at the Company’s discretion.

Furthermore, LQR House is pleased to announce its partnership with Gold Standard Media, a leading provider of marketing solutions. This collaboration will amplify LQR House’s market presence by leveraging Gold Standard Media’s proven expertise in affiliate marketing, social media campaigns, mobile advertising, and other innovative technologies. Gold Standard Media’s record of seamlessly connecting public companies with ideal investors aligns with LQR House’s growth goals. This strategic partnership underscores LQR House’s dedication to effectively reaching its target audience and fostering innovation-driven growth.

About LQR House Inc.

LQR House is a dynamic and forward-looking liquor marketing company with intent to become the face of digital marketing and full-service brand development in the liquor space. Currently, LQR House has a major partnership with Country Wine & Spirits Inc. (“CWS”), giving the Company complete control of all marketing on CWSpirits.com, a leading alcohol e-commerce platform. With a deep passion for the world of beverages, LQR House takes pride in coordinating marketing strategies aimed at elevating brands to new heights. Composed of a team of seasoned professionals, LQR House focuses on crafting marketing solutions tailored to each client’s unique needs. Through strategic partnerships, creative branding and digital prowess, LQR House intends to be at the forefront of the wine and spirits marketing landscape, making it the perfect choice for brands seeking to thrive in a competitive industry.

Forward-looking statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and expectations about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Shareholders can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” from/likely to, likely to, ongoing, or other similar expressions. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances or changes in its expectations arising after the date hereof, except as required by law. Such statements are subject to uncertainties and risks including, but not limited to, uncertainties regarding market conditions, completion of the IPO at expected terms or at all, and other factors discussed in the “Risk Factors” section of the filing Form S-1 filing statement At the Securities and Exchange Commission. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will be correct. The Company warns investors that actual results may differ materially from expected results and encourages investors to review other factors. that could affect its future results in the company’s filing statement on Form S-1 and other filings with the Securities and Exchange Commission. Additional factors are discussed in the Company’s filings with the Securities and Exchange Commission, which are available for review at www.sec.gov.

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source: LQR House Inc

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