Glucose Health, Inc. Fiscal 2021 6-month Update; Zero Debt,

BENTONVILLE, AR, Aug. 24, 2021 (GLOBE NEWSWIRE) — Glucose Health, Inc. (OTC Pink: GLUC) (“Company”) is happy to increase on key monetary data associated to the primary six months of fiscal 2021 introduced within the June 30 monetary report printed on OTCMarkets.com.

No money owed

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At the inception of Glucose Health, Inc.’s present enterprise. With regard to the manufacturing and distribution of GLUCODOWN® branded merchandise, administration carried out a long-term debt discount technique with the goal of eliminating all debt obligations on the steadiness sheet, systematically over a interval of years. To date, tens of economic obligations and entanglements have been repaid or in any other case settled and amortized. For the primary time in its firm historical past, Glucose Health, Inc. now a debt free firm.

Reducing the variety of shares by 1/3

Certain (now retired) money owed of Glucose Health, Inc. have been convertible into tens of millions of bizarre shares. By adhering to its long-term debt administration technique, the corporate has efficiently prevented tens of tens of millions of doubtless dilutive shares are issued. As a consequence, the corporate’s inventory construction can now be thought of one of many easiest, clear and enticing of all the event stage firms listed by OTCMarkets. Today, Glucose Health, Inc. 22,128,632 totally diluted frequent shares, of which 13,848,630 have already been issued and are 8,280,002 attainable to problem.

Zero obligations

On June 30, 2021, Glucose Health, Inc. zero liabilities on its steadiness sheet. The origin of this consequence dates again to the primary manufacturing run of GLUCODOWN® within the final quarter of 2017. At that point, administration carried out a long-term technique to prioritize prepayments to its suppliers for uncooked supplies and contract manufacturing prices. By sustaining low (or zero) accounts payable, administration prevented the necessity to complement working capital with provide chain financing. Today, the corporate has an enviable observe file, in comparison with different publicly traded beverage and dietary complement firms, of rejecting any provide of stock financing, buy order financing or factoring (the pre-sale of an organization’s receivables) from provide chain financing firms that specialize are in such schemes (typically at usurious charges).

To improve working capital flexibility, Glucose Health, Inc. however, in 2017 entered into an settlement with Citibank, NA (“Citibank”) for early cost of invoices (no conventional factoring). Under this program, which is in impact to at the present time, Glucose Health, Inc. the cost of sure invoices from Citibank, normally one week after issuance. The curiosity Citibank expenses is a small premium to the Federal Reserve Bank of New York’s in a single day low cost price and is akin to comparable financing supplied to main NASDAQ or NYSE-listed firms.

About Glucose Health, Inc. (OTC Pink: GLUC)

Glucose Health, Inc., the producer of GLUCODOWN®, is uniquely positioned amongst all rising beverage firms in America. The GLUCODOWN® model is the market chief in a model new beverage class – practical, diabetes pleasant, drinks. Glucose Health, Inc. is a publicly traded firm with the ticker image OTC Pink: GLUC.

To buy GLUCODOWN®, go to our Amazon Store at: www.amazon.com/glucodown

Like us on Facebook at www.fb.com/glucodown

For extra GLUC data, go to: www.glucosehealthinc.com

1 For quotes go to www.glucodown.com/clinical-data

2 National Review of Diabetes Statistics, 2020; Centers for Disease Control and Prevention, Department of Health and Human Services

This press launch accommodates forward-looking statements throughout the which means of Section 27A of the Securities Act of 1933, as amended, and though Glucose Health, Inc. shouldn't be topic to the Securities and Exchange Act of 1934, it accommodates forward-looking statements throughout the which means of Section 21E of the Securities and Exchange Act of 1934, as amended. Statements that aren't an outline of historic truth are forward-looking statements and may typically, however not at all times, be recognized by means of phrases equivalent to “expects,” “anticipates,” “intends,” “estimates,” “plans,” “potentially,” “may,” “probably,” “believes,” “seeks,” “may,” “will, “should,” “could,” or the negation of such phrases or different comparable expressions. Actual outcomes might differ materially from these set forth on this press launch as a result of dangers and uncertainties inherent within the firm’s enterprise. Readers are cautioned to not place undue reliance on these forward-looking statements, which converse solely as of the date hereof. All forward-looking statements are certified of their entirety by this cautionary assertion, and the corporate assumes no obligation to revise or replace this press launch to mirror occasions or circumstances after the date hereof.

Contact:

Murray Fleming

Glucose Health, Inc.

[email protected]

(479) 802-3827