POOL SAFE PROVIDES Q3 2021 UPDATE TO SHAREHOLDERS
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TORONTO, ON November 29, 2021 – Pool Safe Inc. (“Pool Safe” or the “Company”) (TSXV: POOL) is pleased to provide an update to shareholders for its Q3 2021 financial filings as well as the Company’s expectations of upcoming deliverables and accomplishments.
CEO MESSAGE TO SHAREHOLDERS:
“The second half of 2021 is proving to be an extremely busy time, with interest in the PoolSafe product greater than at any point in the Company’s history,” said Mr. Berger, CEO of Pool Safe. “It was our goal to achieve and surpass our internal pro-forma numbers that were set pre-pandemic, and I am extremely pleased to advise our stakeholders that we have exceeded our 2021 plan. We did this with the constructive assistance of our supply chain partners despite the challenges to overcome significant backlogs and bottlenecks. Although we are still seeing delays with the supply chain, we are confident we will succeed and continue to improve our efficiencies moving forward. “
Mr. Berger went on to state “The team and I had pledged to do everything we could to navigate the COVID-19 pandemic. We remained positive, stayed nimble and have emerged much stronger as a result of our focused efforts and commitment.”
MARKETING AND TRADESHOWS
In the past two months, the Company attended two of the industry’s top tradeshows. In October, the World Waterpark Association (“WWA”), a trade association that serves waterparks and aquatic venues, held its 2021 annual symposium and tradeshow in San Antonio Texas. In November, the International Association of Amusement Parks and Attractions (“IAAPA”), representing over 6,000 amusementindustry members in more than 100 countries worldwide, held its annual event in Orlando Florida. Both shows proved to be extremely successful and, will likely be the most rewarding events the Company has ever attended. The enthusiasm within the industry was unmistakable and interest in our PoolSafe product has never higher.
REVENUE SHARE PARTNERSHIPS
The Company is pleased to announce that all orders and deliverables outlined in our August 2021 message to shareholders have been completed. To-date the Company has delivered well over 400 new units under its Revenue Share Program and before year end expects to deliver PoolSafe units to a further five to eight new and existing locations.
We look forward to continuing to achieve and potentially exceed our projected milestones which are focused on the Company achieving its goal of becoming a profitable, dividend paying company. Once again, we are grateful for your continued support.
About Pool Safe Inc.
Pool Safe Inc. designs, develops and distributes a product known as the “PoolSafe”, which functions as a multi-purpose personal poolside attendant. The PoolSafe is designed to provide safety, convenience and peace of mind for hotels, resorts, waterparks and cruise ship guests. Functions include: lockable safe, solar-powered charger for USB compatible electronic devices including phones, cameras and tablets in addition to a server call-button, a beverage cooler and holders. Conveniently located alongside pool or beach lounge chairs, the PoolSafe is a unique way of providing vacationers with a comforting sense of security for their belongings, while they enjoy their vacation. For more information, please visit www.poolsafeinc.com.
Pool Safe Inc. is a fully reporting publicly traded company which is listed on the TSX Venture Exchange under the symbol POOL.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward- looking statements contained herein include, but are not limited to, statements regarding: increased interest in the Company’s products; the ability of the Company to improve its efficiencies going forward; potential positive outcomes from the Company’s attendance at the WWA and IAAPA tradeshows; the ability of the Company to complete the delivery of PoolSafe units to a further five to eight locations; and the ability of the Company to become a profitable and dividend-paying company.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the continued commercial viability and growth in popularity of the Company’s products; the continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued development of PoolSafe’s technology; and the continued growth of the Company.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the risks associated with the hospitality industry in general; the effects of COVID-19, in particular with respect to its effect on the hospitality industry; increased competition; the potential future unviability of PoolSafe’s products; risks associated with potential governmental and/or regulatory action with respect to the Company’s products; risks associated with the Company’s ability to continue generating a profit; a potential lack of interest in the Company’s products; the inability of the Company to improve its efficiencies going forward; risks that no positive outcomes will result from the Company’s attendance at the WWA and IAAPA tradeshows; the inability of the Company to complete the delivery of PoolSafe units to a further five to eight locations; and the inability of the Company to become a profitable and dividend-paying company.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.
Pool Safe Inc.
Chief Operating Officer