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PK Beans Provides Important Company Update

·2 min read

Vancouver, British Columbia--(Newsfile Corp. - June 13, 2022) - Peekaboo Beans Inc. (CSE: BEAN) (OTC Pink: PBBSF) ("PK Beans" or the "Company") announces it will be winding up its PK Beans apparel operations this month and will be looking for new opportunities within the parent company (CSE:BEAN OTC Pink: PBBSF).

PK Beans would like to take the opportunity to acknowledge and address that this was a difficult but necessary decision. "We have a very strong brand, product and mission, one that families loved and one that would prosper in a different financial climate" expressed Traci Costa, the company's CEO, and founder. "I have never seen so much change in the retail market than I have in the past three years. It is going to take time for families to recover and rebalance", states Costa. PK Beans would like to acknowledge and thank, customers, suppliers, and shareholders for their support over the past 16 years.

About Peekaboo Beans Inc.

PK Beans is an integrated holistic children's brand that brings developmental education and entertainment together through sensory friendly and interactive clothing, multimedia adventure subscription boxes, and augmented reality to inspire curiosity between nature, technology, and active play. PK Beans is also a pioneer in the space, establishing a circular economy by reselling and repurposing products to eliminate textile waste. The company maximizes revenue by reaching sellers and online retailers through an omnichannel approach. Join us on our mission to enrich, empower, and nourish the next generation of children.

To learn more about PK Beans, visit: www.pkbeans.com

On behalf of the Board of Directors,
Peekaboo Beans Inc.
Ms. Traci Costa, President and CEO
(604) 279-2326

For more information, please contact the Company at:
IR@pkbeans.com
1-604-279-2326

Reader Advisory

This news release may include forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127426