Reign Sapphire Corp. Provides Clarification Regarding Unauthorized Company Promotion
LOS ANGELES (March, 13, 2018) Reign Sapphire Corp. (OTCQB: RGNP) (“Reign” or the “Company”), a direct-to-consumer custom and branded jewelry company, provides clarification about unauthorized promotion of Reign Sapphire Corporation that the company became aware of on March 12, 2018.
Other than Company-sanctioned press releases, which are released directly by the Company, there have been no third-party press releases authorized by the Company. The Company does not submit press releases to have any effect on its trading activity but rather to provide disclosure of its current business operations.
The Company adamantly states that it has absolutely no knowledge of, or involvement or engagement in any way with, Stock.Guru; New Age Media, LLC; OTCROCKSTAR.com; Freedom Ventures, LLC; MonsterAlerts.com; Micaddan Consulting; or fastmovingstocks.com. The Company has not engaged, or paid any funds to, any of the third parties listed in this paragraph and has no relationship with them whatsoever. The Company has no idea why these third parties would have disseminated this information, and it appears the release submitted by fastmovingstocks.com contains images copied from the Companys corporate website.
The Company had absolutely no editorial or other control over any of the information included in the above-mentioned promotions, and the Company has had no involvement with any creation or distribution of the above-mentioned promotional materials.
The Company has not ever published information intended to increase trading activity or its stock price. The above-mentioned promotional materials are not necessarily false, but the Company would never publish information that is listed in the information in the above-mentioned promotions. Those releases, which include the press releases actually submitted by the Company, include language such as Pull up RGNP on your screens and see how it could easily continue its current climb and certainly surpass its 52-week potential.
Neither the Company, nor its officers, nor its directors, nor any controlling shareholders nor any third-party service providers have sold or purchased the Companys securities within the past 90 days.
Since January 1, 2017, the company has engaged Cascade IR LLC, Investor Ideas, Ludlow Business Services, Stockvest and Network Newswire for investor awareness activities.
All convertible instruments issued by the Company have been issued to non-affiliated accredited investors, not service providers, and are disclosed in the Companys Form 10-Qs and 10-Ks filed with the Securities and Exchange Commission.
About Reign Sapphire Corp.
Reign Brands operates through four key divisions: Reign Sapphires, which offers ethically produced, millennial-targeted sapphire jewelry; Coordinates Collection, a provider of custom jewelry inscribed with location coordinates to commemorate lifes special moments; and Le Bloc, which offers classic customized jewelry and the athleisure jewelry brand, ION Collection by Jen Selter. Our portfolio also includes Reign Ventures, a joint-venture platform for investment and development of jewelry technology-related products; and Reign Blockchain to authenticate sapphires as conflict-free. Entries on the digital recordcanincludeattributes for eachsapphire including the color, carat and certificate number.
For more information visit www.ReignSC.com
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the U.S. federal securities laws, which statements may include information regarding the plans, intentions, expectations, future financial performance, or future operating performance of Reign Sapphire Corporation (“Reign” or the “Company”). Forward-looking statements are based on the expectations, estimates, or projections of the Company’s management as of the date of this press release. Although Reign’s management believes these expectations, estimates, or projections to be reasonable as of the date of this presentation, forward-looking statements are inherently subject to significant business risks, economic and competitive uncertainties, or other contingencies, which could cause the Company’s actual results or performance to differ materially from what may be expressed or implied in the forward-looking statements. Important factors that could cause Reign’s actual results or performance to differ materially from the forward-looking statements include those set forth in the “Risk Factors” sections in the Company’s filings with the Securities and Exchange Commission, including the risks set forth in the company’s Annual Report on Form 10-K for the year ended December 31, 2016, which is available for viewing on the SEC’s EDGAR website. These forward-looking statements speak only as of the date of this press release and, except as required by law, Reign specifically disclaims any obligation to update these forward-looking statements, even if new information becomes available in the future.
Reign Sapphire Corporation
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