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News Release

Tribe WOD Founders Sue Factory 14 and Razor Group, Alleging Fraud and Breach of Contract

Tribe WOD

The founders of Tribe WOD, a prominent cross-training and fitness equipment manufacturer, have filed a lawsuit against brand aggregators Factory 14 and Razor Group, citing deceit, fraud, breach of contract, unfair and deceptive trade practices, and unjust enrichment, among other offenses. The lawsuit, filed in Massachusetts Superior Court, alleges that the defendants, Factory 14 and Razor Group, failed to fulfill promises made during the acquisition of Tribe WOD. Alleged breaches of the agreement include failure to make earn-out payments as well as failing to provide access to business records – all outlined in the acquisition contract. Originating from a humble Massachusetts garage, Tribe WOD founders Alexandre Vitet and Jared Bane built their company into a $2.5 million enterprise before selling it to Factory 14, which later resold it to Razor Group. Despite promises of global expansion, enhanced marketing, access to industry experts, and potential earn-out payments, the plaintiffs argue that the defendants neglected their commitments, substantially harming the company and disregarding U.S. laws and business practices. Tribe WOD, which launched in 2019, swiftly grew to over $2.5 million in sales in just a few months, establishing strong sales channels via Amazon, Shopify, and various online platforms. This success attracted several potential buyers, with Factory 14 standing out due to its promise of multiple payments tied to Tribe WOD's annual earnings through earn-outs. The lawsuit contends that shortly after the acquisition, Factory 14 sold the assets of Tribe WOD to Razor Group, bypassing an anti-assignment provision in the original agreement. It is alleged that Factory 14 knowingly withheld information regarding this potential transaction from the plaintiffs. According to the lawsuit, Vitet and Bane had doubled revenue year-over-year and had expected to, at a minimum, match that. The lawsuit states that based on the promises made during the courtship and due diligence phase, there were immediate red flags after signing the acquisition agreement, and the situation quickly spiraled downward. Moreover, the complaint asserts that both Factory 14 and Razor Group systematically dismantled Tribe WOD, dismissing in-house creative content specialists and neglecting basic operational necessities. According to the lawsuit, Factory 14 and Razor Group failed to comply with federal and state tax, wage, and import laws and otherwise mismanaged the business financially. The lawsuit also states that the defendants had no U.S. bank account or credit card and were unable to obtain either and thus were unable to pay any of the company’s bills. The lawsuit alleges that the failure to pay basic bills led to lost revenue and the ability to serve existing customers or expand to new markets. The plaintiffs claim that their consulting agreements were prematurely terminated and allege that income from Tribe WOD was siphoned off to other businesses. The lawsuit alleges that Factory 14 and Razor Group essentially turned a thriving brand built by the founders with a rabid customer following into an Amazon seller with no identity, and loaded with unnecessary fees. The lawsuit seeks compensatory and multiple damages and injunctive relief, compelling the defendants to provide accurate and complete financial data. Interestingly, Razor Group faces a similar lawsuit in Texas, as it is being sued by the founders of Kettlebell Kings in a case with similar allegations. On its website, Razor Group states that it is trusted by leading investors Blackrock, Victory Park Capital, and Fortress among others. The Tribe WOD lawsuit was filed in Massachusetts Superior Court by Garage Sweat, LLC f/k/a Tribe Wod, LLC, Jared Bane, and Alexandre Vitet against Factory 14 UK Acquisition IV, Ltd., Razor Group GMBH, and Razor Group USA, LLC. This case has been accepted into and will be litigated in the Business Litigation Session, a business-focused sub-department of the Massachusetts Superior Court sited in Boston, Suffolk County, Massachusetts. The lawsuit can be downloaded here and at LawsuitPressRelease.com. -end- Source: Garage Sweat, LLC f/k/a Tribe WOD, LLC Contact Details LawsuitPressRelease.com John P. David +1 888-859-6637 john@LawsuitPressRelease.com

June 26, 2023 11:01 AM Eastern Daylight Time

Futuris Company Expands With Historic Building Purchase

FUTURIS CO.

Futuris Company (OTC: FTRS ), a global leader in cutting-edge technology and innovation in the staffing and recruiting industry, is thrilled to announce its recent acquisition of a historic building in Rockville, Maryland. Situated in this historic district in Rockville, Maryland, the newly acquired building will serve as Futuris' new home office, housing its rapidly growing executive team. This strategic purchase marks an important milestone in anchoring the company’s plans and underscores its commitment to fostering creativity, collaboration, and advancement in the field of staffing, recruiting and technology. "We are incredibly excited about this significant investment in our future," said Robert Day, CEO/CFO at Futuris. "The acquisition of this exceptional building will not only allow us to accommodate our expanding workforce but also provide a collaborative space that fosters creativity." The building's strategic location in Rockville aligns perfectly with Futuris' vision of being at the forefront of the staffing industry. As part of its commitment to the local community, Futuris plans to use its expertise in staffing to create a number of high-paying jobs, and attract top talent from diverse backgrounds. Futuris plans to update and improve this historic building with sustainability in mind, and integrate numerous eco-friendly features, such as energy-efficient systems, green spaces, and ample natural lighting, ensuring a harmonious blend of functionality and environmental consciousness. Futuris is committed to minimizing its ecological footprint and creating a positive impact on the communities it operates in. The building’s proximity to world-class research institutions, leading universities, and thriving startup communities will facilitate partnerships and collaborations with like-minded organizations, further bolstering Futuris' position as a global innovation leader. With a focus on innovation, collaboration, and sustainability, Futuris strives to continue to create transformative solutions that address the world's most pressing challenges in supplying top talent to institutions. Through its cutting-edge research, a world-class team, and powerful strategic partnerships, Futuris is shaping the future and pushing the boundaries of what is possible. Media Contact: Gene Massey, gene@mediashares.com Phone: 310-871-3668 Contact Details Gene Massey gene@mediashares.com Company Website http://futuris.company/

June 26, 2023 09:00 AM Eastern Daylight Time

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Velocity Global Announces Ann-Christel Graham as Chief Revenue Officer

Velocity Global

DENVER, June 22, 2023 — Velocity Global, the world’s expert on work, today announced the appointment of Ann-Christel Graham as Chief Revenue Officer. In her role, Ann-Christel will drive the company’s revenue strategy and spearhead rapid, sustainable growth while also developing a world-class sales team. Ann-Christel joins Velocity Global with an impressive track record of driving growth for leading SaaS software companies, most recently as Chief Revenue Officer of Talend. As Velocity Global enters its next phase of growth, Ann-Christel’s proven leadership and execution across global teams, as well as her commitment to the customer journey, will prove invaluable. “We are thrilled that Ann-Christel is joining Velocity Global at this stage of growth. She has extensive experience with revenue and growth strategies, which are deeply rooted in a customer-first mentality,” said Frank Calderoni, CEO of Velocity Global. “She is not only process-oriented and diligent in her ability to build high-performing teams, but also passionate about being a strategic partner to customers and aligning their success with our own. I am confident Ann-Christel will make more than a meaningful impact and I’m excited to have her as part of our leadership team.” Ann-Christel joins Velocity Global as a seasoned sales executive, with a proven track record from over 25 years of driving growth for leading SaaS software companies across private and public markets. As Chief Revenue Officer at Talend, she was responsible for Sales, Customer Success, Renewals, Channel, and Revenue Operations teams globally, leading the teams through Talend’s cloud and SaaS transformation. Prior to that, she enjoyed a long career at SAP Concur, in a variety of roles responsible for managing complex, multi-million-dollar sales cycles to Fortune 1000 companies. Ann-Christel’s ability to build high-performing sales teams stems from a balance of process-driven discipline, technical acumen, and innovative thinking to deliver consistent and predictable results. “The impact Velocity Global can have on a company’s ability to build the right global team both efficiently and compliantly cannot be overstated and I am thrilled to be joining the company at such a pivotal point in its trajectory,” said Ann-Christel Graham, Chief Revenue Officer at Velocity Global. “I am looking forward to serving as a partner to our customers spanning SMB to enterprise level organizations and will be with them throughout every step of their journey. Together we can build strategic market expansion plans and effectively leverage scalable technologies, data-driven insights, and country-specific expertise to execute on those plans.” Ann-Christel’s appointment comes shortly after the announcement of Linda Lee as the company’s new Chief People and Culture Officer. Linda was brought on by CEO Frank Calderoni, who took the role in April. The company also recently launched a rebranding effort to more accurately represent its next phase of growth and scale. For more information on how Velocity Global makes opportunity borderless for people everywhere, visit www.velocityglobal.com. About Velocity Global Velocity Global gives you the power to build your team everywhere—combining seamless technology and local expertise in 185+ countries. We make it simple to compliantly hire, pay, and manage talent anywhere. With Velocity Global, the world is yours. Start hiring across borders at VelocityGlobal.com. Media Contact: press@velocityglobal.com Velocity Global gives you the power to build your team everywhere—combining seamless technology and local expertise in 185+ countries. We make it simple to compliantly hire, pay, and manage talent anywhere. With Velocity Global, the world is yours. Contact Details Media Contact press@velocityglobal.com Company Website https://velocityglobal.com/

June 22, 2023 08:00 AM Mountain Daylight Time

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Backyard Projects on a Budget

YourUpdateTV

With summer officially here, homeowners around the country are looking to refresh their backyard spaces and get ready for the all of the barbecues and family parties to come. Recently, Home Expert at Angi, Mallory Micetich, participated in a nationwide satellite media tour to discuss the top projects homeowners are undertaking this summer, tips on sticking to a budget, and how to know when it’s time to call in a pro. A video accompanying this announcement is available at: https://youtu.be/RLL1KozBUO8 According to a recent Angi survey - homeowners are planning a lot of projects this year. Top projects include building raised beds, laying new sod and adding a garden feature. Many of these projects can be DIY/ weekend warrior projects - especially if you have a green thumb - be mindful of what materials you are choosing for the project and take time to assess if these are actually good DIY projects for you. If you lack the time, tools or talent to take on a project, it might end up costing you more in the long run to fix any mistakes. One great way to take on a backyard project and keep to a budget is to pick a project with high visual impact and a lot of material choices - like adding a deck or a patio. With a range of decking and patio options there is one for every budget. Don’t forget to think about ongoing maintenance for your new backyard escape - dedicating some time and budget to ongoing maintenance will help keep your new yard in shape for years to come. Want to know how to keep on budget? Start by coming up with a realistic budget. Talk to several pros in your area to make sure you get high-quality work at a price that you’re comfortable with. Once you choose your pro, be very clear about your budget. A good pro will help you choose materials that work within your budget. You should also set aside 10% of the project cost for any unexpected expenses that come up during the renovation process. For more information, visit Angi.com About Mallory Micetich Mallory Micetich is a Home Care Expert, with particular expertise in small home living and consumer protection. While currently renting in Denver, CO, she has been a homeowner, investor, landlord and renter over the last decade. She is committed to minimizing her environmental footprint and to small home living, having lived in only properties of 1,000 square feet or less. Mallory is currently the VP of Corporate Communications at Angi, where she focuses on bringing awareness to Angi and what we do every day to help homeowners love where they live. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

June 22, 2023 09:37 AM Eastern Daylight Time

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Watchdog Group Blasts Sweetheart Plea Deal with Hunter Biden

National Legal & Policy Center

The National Legal and Policy Center (NLPC), an ethics watchdog group, blasted the lenient plea agreement between the U.S. Attorney for the District of Delaware David Weiss and Hunter Biden whereby Hunter will plead guilty to two misdemeanor tax violations with no jail time and have a felony gun registration charge dismissed in a pretrial diversion program. Following the five-year long investigation, no charges were brought against Hunter under the Foreign Agents Registration Act (FARA) for engaging in political activities on behalf of Burisma and Chinese interests, despite overwhelming evidence which NLPC had presented to the Justice Department in 2020. Hunter will plead guilty that he willfully failed to pay taxes “over $100,000” in both 2017 and 2018. By pleading guilty to two misdemeanors rather than two felonies for tax evasion, the sentence for misdemeanors ranges from probation to one-year prison sentence. The prosecutor has agreed to ask for probation for the tax charges. Notably, the charging documents don’t specify how much “over $100,000” Hunter owed for each year. Last year, it was reported that Hollywood attorney Kevin Morris lent Hunter over $2 million to pay his back taxes and for living expenses, suggesting that it was much more than $100,000 owed for each year. In any event, U.S. Sentencing Guidelines call for prison sentences of approximately 15-21 months for this level of offense. Allen Weissenberg, Donald Trump’s Chief Financial Officer, received a 5-month prison sentence for failing to pay taxes on company fringe benefits, a violation less serious than Hunter’s failure to pay taxes. “It’s outrageous that after a five-year investigation of Hunter Biden, the best that the prosecutor can come up with is a couple misdemeanor charges and then agree to a slap on the wrist as punishment” said Paul Kamenar, counsel for NLPC. “Hopefully, the House Oversight Committee will pursue evidence of bribery and foreign money influence of the Biden family,” Kamenar added. “Charging Hunter on his failure to file as a foreign agent would have been a no-brainer. David Weiss is going to look pretty stupid if there’s an even bigger bribery scandal.” said Peter Flaherty, Chairman of NLPC. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Please visit www.nlpc.org. ### For more information or to schedule an interview with an NLPC spokesperson, please contact Dan Rene at 202-329-8357 or drene@nlpc.org ### For more information or to schedule an interview with an NLPC spokesperson, please contact Dan Rene at 202-329-8357 or drene@nlpc.org Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

June 21, 2023 03:16 PM Eastern Daylight Time

Trust & Will to offer estate planning services through UBS Workplace Wealth Solutions

Trust & Will

Trust & Will, the leading digital estate planning and settlement platform in the US, today announced an agreement to provide discounted estate planning services to US-based employees of UBS’s corporate clients that participate in UBS Workplace Wealth Solutions ’ financial wellness program. Trust & Will provides an easy and secure way to create wills and trusts online, with the ability to customize legal estate planning documents that adhere to individual state and county guidelines. The platform uses bank-level encryption that protects customer data and complies with the highest security standards, including SOC 2 and HIPAA. Since launching in 2017, Trust & Will has helped nearly 500,000 families set up an estate plan to create a legacy. “The pandemic has drastically shifted our perspectives when it comes to work, and what we expect from our employers when it comes to providing comprehensive benefits, including education and resources for retirement, financial literacy, and equity planning,” said Cody Barbo, CEO and Founder of Trust & Will. “At Trust & Will, we pride ourselves on our award-winning company culture and are grateful for the opportunity to help build more rewarding workplaces across the country through UBS Financial Wellness.” According to recent UBS research, 68 percent of employees agree that companies have a responsibility to help them achieve high levels of financial wellness, especially the younger generations, who will soon represent more than half of the US workforce. Additionally, eight in 10 Gen Z and Millennial employees look to their companies for help with their overall financial well-being. “We look forward to helping employees of our corporate clients gain access to Trust & Will’s digital estate planning capabilities, which will provide them with greater control over their financial lives,” said Michael Barry, Head of UBS Workplace Wealth Solutions. “Many individuals do not have up-to-date wills or estate plans, and access to these tools will help them prepare for the future, shape their legacies, and provide a degree of support and clarity for their loved ones.” ABOUT TRUST & WILL Trust & Will is simplifying estate planning and settlement with attorney-approved, legally valid documents and processes designed to adhere to individual state guidelines. Since 2017, we’ve helped hundreds of thousands of Trust & Will members leave their legacy with an affordable way to create an estate plan or settle the estate of a loved one. Our platform uses bank-level encryption that protects customer data and complies with the highest security standards, including SOC 2 and HIPAA. Trust & Will is the official estate planning benefit provider for AARP members, along with several leading financial institutions, who all believe in our mission of helping every family leave their legacy. Trust & Will is an online service providing legal forms and information. We are not a law firm and we do not provide legal advice. ABOUT UBS WORKPLACE WEALTH SOLUTIONS UBS Workplace Wealth Solutions collaborates with corporate clients to deliver customized solutions across a range of programs for the workplace, including financial wellness, retirement and equity plans. We currently provide more than 10,000 employers and their two million employees in over 150 countries with access to financial knowledge, benefits programs that prepare them for retirement, and an integrated experience that combines the right mix of people and technology. We work side-by-side with our clients so that everyone feels rewarded at work and optimistic about realizing their long-term financial goals. To learn more about UBS Workplace Wealth Solutions, contact WorkplaceWealth@ubs.com or visit ubs.com/workplacesolutions. Contact Details Danielle Nuzzo +1 631-807-7772 danielle@trustandwill.com Company Website https://trustandwill.com

June 21, 2023 07:01 AM Eastern Daylight Time

News Release

DEEM Enterprises Signs First Strategic Construction Partnership With Northstar Technologies Group for Renaissance at Bader Field Project

DEEM Enterprises

DEEM Enterprises today announced it has signed its first construction contract with Northstar Technologies Group, a pioneer of fiber reinforced polymer composite structural building systems, for its Renaissance at Bader Field redevelopment project. The strategic partnership is a crucial first step for the project, and marks the first large-scale sustainable project in the world utilizing advanced composite building technologies for energy efficiency, resiliency and sustainability. Northstar delivers sustainable, cost-effective projects for clients nationwide, across a range of market sectors and building types. It offers a unique portfolio of products focused on sustainable building structures and systems, creating stronger, ultra-energy efficient and smarter building structures. Utilizing Northstar’s pioneering energy efficient technology, the commercial and residential construction of Renaissance at Bader Field will facilitate eco-conscious developments while negating any environmental deficit, bringing transformative industry and progressive models for sustainability that push the envelope for emerging green technologies. The resilient and sustainable-planned community at Renaissance at Bader Field will be engineered to protect against natural threats, with the agility to adopt evolving technology. Renaissance at Bader Field will be built to LEED Platinum certifications standards, and act as a beacon of energy independence, integrating healthily and symbiotically with its natural and cultural surroundings. “The Renaissance at Bader Field project is more than a redevelopment; it’s a catalyst for transformation, and for the future of Atlantic City,” said Erick Feishtans, CEO of DEEM Enterprises. “I am incredibly excited for this partnership with Northstar as we move forward in our ongoing commitment to the New Jersey Green Economy, and I’m confident that our work together will be transformative across the board.” As part of its role in the redevelopment of Bader Field, Northstar will retrofit the current Skate Zone building into a 70,000 square foot temporary manufacturing facility, and upon completion of the project, Northstar will relocate to a permanent facility within the greater Atlantic City area. Per the terms outlined by DEEM Enterprises’ Memorandum of Understanding with Atlantic City, the SkateZone operation will also be relocated to an alternate site within Atlantic City. This move will be a boon for the local job economy. It will include minimum targets to utilize local companies and workers as well as WBE and MBE businesses during the construction phase, create thousands of substantial manufacturing and high-tech jobs, and provide training programs to various local labor unions participating in the project. For more information on the Renaissance at Bader Field Redevelopment Project, please visit www.deem-enterprises.com. For more information on Northstar products, please visit www.northstartgi.com. About Northstar As the pioneer in sustainable and tech driven building methods, Northstar Technologies is reinventing the construction industry by using its Patented Advanced Fiber Reinforced Polymer (FRP) composite building systems which reduce construction costs, total cost of ownership and construction time. With all the natural disasters in the world today, high-performance building materials using reimagined construction systems and methods must be utilized to give us a fighting chance in protecting our loved ones, our environment & our global assets. As Mother Nature has shown us throughout our lifetimes, Homes and commercial buildings made with traditional materials like wood, steel and concrete are not equipped to survive natural disasters, degradation and natural processes over time and yet the construction industry has failed to utilize more resilient options. Northstar Technologies has shown that it can outlast traditional building materials, thereby lowering construction & maintenance costs over the life of the structure. About Renaissance at Bader Field Renaissance at Bader Field is a planned $3.2 billion dollar, net-zero carbon LEED Platinum community to be built upon Bader Field that will transform the Atlantic City, New Jersey economy. The fundamental design approach of this new community is rooted in resilient and sustainable design methodologies while our microgrid concept for energy generation and distribution, with the ability to utilize clean hydrogen, will serve as a model for future self-sustaining projects the world over. This new community will act as a catalyst for the financial rebirth of Atlantic City by attracting new job-creating industries, increasing the city’s tax base and diversifying future businesses in the city. Most importantly, this immense development will foster and promote the core values of equity and empowerment and will serve the citizens of Atlantic City. Contact Details Mike Adorno Hot Paper Lantern madorno@hotpaperlantern.com Company Website https://www.deem-enterprises.com/

June 20, 2023 10:44 AM Eastern Daylight Time

Minuteman Press Franchise in Huntersville, NC Has Grand Opening for Brand New Location

Minuteman Press International Inc

Neha Katrodia is the owner of the brand new Minuteman Press design, marketing, and printing franchise located at 9606 Sherrill Estates Rd., Suite A, Huntersville, NC 28078. After opening their doors in March of 2023, Minuteman Press in Huntersville held their official grand opening and ribbon-cutting ceremony on Friday, June 2, 2023. The event was hosted by the Lake Norman Chamber of Commerce and was attended by Huntersville Commissioner Dan Boone. Neha shares, “The Huntersville community has been very welcoming and interested in learning more about our business. I'm so thankful to everyone who came to support us during the grand opening and showed interest in growing together.” She continues, “Owning my own business means taking on my father's path to becoming an entrepreneur. Most importantly, I feel a sense of personal fulfillment and I look forward to seeing this new venture grow and succeed while helping other local businesses with all of their printing and promotional needs.” Joining Neha in the business are two key staff members: Denis Vargas, graphic designer/production; as well as Neha’s husband Mehul Katrodia, marketing agent. While Denis provides clients with custom creative designs and a sharp eye for details, Mehul manages the marketing side including Google and social media accounts. Neha, meanwhile, has already jumped into several networking groups to become active in the community, including the Lake Norman Chamber of Commerce as well as the Huntersville BNI group. She says, “I feel it’s important to get out there and engage with clients in person and also market our business online. Once clients come to us, we enjoy working with them to bring their visions to life and delivery high quality products and service. Our staff is ready and willing to welcome clients to Minuteman Press in Huntersville with open arms.” Prior to buying the business, Neha always had wanted to follow in her father’s footsteps and become her own boss. She explains, “I have a healthcare and medical billing background; however, I grew up in the business environment. My father has been a businessman from my early childhood years and has owned various businesses from then to now. I also helped him run some of them due to the language barrier he had at times.” Neha further shares why she chose to own a Minuteman Press franchise, stating: “The continuous local support that Minuteman Press offers is amazing; The B2B hours of operation allow me to balance my business and personal lives; Minuteman Press allows me to follow my passion for creating something so unique with every project or job.” She adds, “The training program was extremely informative and allowed me to feel confident in front of clients. Now, the local support to lean on here in my region has been so helpful with advice and guidance on unique projects. We also use the Minuteman Press FLEX software made available to us as a key marketing tool for growth.” Following the successful grand opening, Neha is excited for the future of her new business. She concludes, “At Minuteman Press, we love working with other local businesses and organizations. I look forward to supporting them with our personalized products and services as we are all in this together.” Minuteman Press in Huntersville is located at 9606 Sherrill Estates Rd., Suite A, Huntersville, NC 28078. For more information, call 704-594-8699 or visit their website: https://minuteman.com/us/locations/nc/huntersville/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

June 20, 2023 10:00 AM Eastern Daylight Time

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News Release

Founders of Kettlebell Kings Sue Factory 14, Razor Group for Fraud and Breach of Contract

IL Ventures, LLC - a Kettlebell King Series

Kettlebell Kings, a leading manufacturer and seller of kettlebells and fitness equipment, recently filed a multi-count lawsuit against both Factory 14 and Razor Group, alleging fraud, breach of contract, and unjust enrichment among eight counts. The lawsuit alleges that the founders of Kettlebell Kings and the company have been damaged by the failed purchase of Kettlebell Kings by Factory 14 and Razor Group. Kettlebell Kings, which has been in operation for more than a decade, successfully grew from a startup to generate annual revenue of more than $5 million in 2021. In November 2021, the founders agreed to be acquired by Factory 14, a United Kingdom-based company that claimed to have the vision and resources to help develop the brand into a $20 million company. However, shortly after the acquisition, problems began to arise. According to the lawsuit, two of the founders, who continued to run the business under the new ownership, determined that the purchase terms of the agreement were regularly violated. They were unable to purchase inventory, even using their own sales revenue. Despite promising ambitious agreements and profit-sharing arrangements, the new ownership failed to adequately support the brand. To the founders' surprise, Factory 14 had simultaneously engineered another transaction in which it was purchased by Razor Group, without disclosing this to the plaintiffs. According to the legal complaint, the founders believe that this transaction was part of a pattern of acquisitions intended to bolster Factory 14's financials solely for additional capital raises and investments. Factory 14 is alleged to have misrepresented the role of the founders of Kettlebell Kings in the sale to Razor Group and made false representations using their business reputation and success to enhance its value in the transaction. All the while, Factory 14 never disclosed its intention to depart from the agreements made with Kettlebell Kings. The lawsuit states that as the business relationship deteriorated further with Razor Group, it became apparent that the new owners lacked experience in the direct consumer market and had no infrastructure to support Kettlebell Kings. Payments required by the consulting agreement were not made on time, inventory was not purchased, and the founders were denied crucial information about the business's operation. Some payments remain unpaid. Razor Group's actions damaged not only the founders of Kettlebell Kings but also the longstanding business relationships the company had developed. According to the lawsuit, Razor Group ceased all inventory purchases, stopped paying manufacturers and vendors, and damaged customer relationships. The lawsuit also alleges that Razor Group misled both Kettlebell Kings and its investors by representing itself as profitable and successful while claiming Kettlebell Kings was struggling. The plaintiffs assert that Razor Group focused more on fundraising rather than effectively managing the businesses it owned. On its website, Razor Group states that it is trusted by leading investors Blackrock, Victory Park Capital, and Fortress among others. The eight-count lawsuit includes allegations of fraud, breach of contract, and unjust enrichment, among others. The plaintiffs argue that they have suffered irreparable damages, and the actions of Razor Group will make it nearly impossible for them to conduct business in the fitness industry in the future. In another case, Razor Group GMBH is currently being sued for fraud and breach of contract in Massachusetts by fitness company Tribe WOD in a lawsuit with a similar fact pattern to the Kettlebell Kings Texas case. The Kettlebell Kings lawsuit was filed in Texas by IL Ventures, LLC - a Kettlebell King Series and its founders Chad Price, Jay Perkins, and Nehemiah Heard against defendants Factory 14 UK Acquisition VI, Factory 14 UK Acquisition VII, and Razor Group GMBH. The lawsuit can be downloaded here and at LawsuitPressRelease.com. Contact Details LawsuitPressRelease.com John P. David +1 888-859-6637 john@LawsuitPressRelease.com

June 20, 2023 08:00 AM Eastern Daylight Time

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