Ambari Responds to OTC Markets Request on Recent Promotional Activity Not Authorized by the Company

VANCOUVER, BC / ACCESSWIRE / August 8, 2023 / Ambari Brands Inc. ("Ambari" or the "Company") (CSE: AMB, OTCQB:AMBBF, FRA:Y92) announces ‎that it has been requested by OTC Markets Group Inc. ("OTC Markets") to issue this statement about promotional activity concerning the Company's common stock traded on the OTCQB market. The Company notes that the subject promotional activity was not authorized by the Company and that the Company is taking active steps to pursue the entities involved and to cause them to cease and desist from publishing any information regarding the Company.

On August 3, 2023, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its common stock traded on the OTCQB market, including the distribution of promotional email materials published by pennystockschool.com and pennystockzone.com (collectively, the "Unauthorized Entities") on August 2, 2023, purporting to discuss the Company's operations and growth projections (the "Promotional Materials"). The Company was not aware of the Unauthorized Entities prior to being made aware of them by OTC Markets. Neither the Company, nor its officers or directors, were involved, directly or indirectly, with the creation, distribution, or payment of or for the Promotional Materials. In the Company's view, certain statements made in the Promotional Materials are misleading and the Company encourages readers to disregard the Promotional Materials in their entirety.

The Company has no opinion as to whether or not and/or the extent to which the Promotional Materials affected trading activity due to the many factors that affect trading activity generally.

The sole firm currently engaged by the Company to provide marketing services is The Financial Star ("TFS"), as disclosed in the press releases disseminated by the Company on September 19, 2022, May 18, 2023 and July 10, 2023. No officer, director or, to the best of the Company's knowledge having made enquiry, shareholder holding 10% or more of the Company's shares, has independently paid for or been involved with the creation or distribution of promotional material on behalf of the Company, with the exception that the Company's board approves all bona fide investor relations engagements, and Company management reviews and approves bona fide promotional disclosure materials produced by TFS. For the avoidance of doubt, the Company's board did not authorize or approve the Promotional Materials, and the Company's management did not review or have any involvement with the Promotional Materials prior to their publication / distribution.