JADE ART GROUP, INC ANNOUNCES STOCK PURCHASE AGREEMENT TO ACQUIRE DESSERT INNOVATIONS II, LLC

Jul 29th, 2022 16:43 EST

Birmingham, AL.,July 29, 2022Jade Art Group, Inc.(JADA or the Company) (OTC: JADA) announced today it has signed a Stock Purchase Agreement to acquire Dessert Innovations II, LLC (Dessert Innovations), an Atlanta-based baked goods manufacturing Company. Upon closing the acquisition, Dessert Innovations will operate as a wholly-owned subsidiary of the Company.

Wayne Sellers, CEO of the Company, said, We are thrilled to add Dessert Innovations to our holding Company; as one of the core strengths of our senior management team, baking is in our sweet spot. Our management team has over 60 years of combined experience in the baking industry. Dessert Innovations high-quality products produced on state-of-the-art robotics provide cost-effective manufacturing, which companies like Nutrisystem depend on along with national retail chains. Dessert Innovations is filling a significant void in the bakery market with more competitive and affordable products consumers love at value prices. In business in Atlanta for almost 38 years, we are grateful for the opportunity to bring them into the JADA family.

The parties anticipate closing the acquisition in August 2022. Tony Ereddia, President and CEO of Dessert Innovations, stated that this was the best situation for the company and the employees. Our customers will gain in resources available to them by joining the Jade Art Group family, and we look forward to the future.

Jade Art Group, Inc. is a Birmingham, Alabama-based food, technology, safety, agriculture, and energy company.

Dessert Innovations occupies 60,000 square feet of automated and high-speed robotic production space, with the ability to produce several baked product lines. Dessert Innovations, which has been in business since 1985, supplies retail vendors nationally. Dessert Innovations holds the following inspection credentials, BRC, USDA, GDA Diary, and OU-D Kosher certified.

Forward-looking statements

Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions, or developments that the Company expects or anticipates may occur in the future. In some cases, forward-looking statements can be identified because they contain words such as anticipate, believe, continue, could, estimate, expect, intend, likely, may, might, plan, potential, predict, project, seek, should, target, will, would, or similar expressions and the negatives of those terms. Such forward-looking statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health-care costs), energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, COVID-19 related factors and challenges, including (among others) the duration of the pandemic, the unknown long-term economic impact, reduced shopping due to illness, travel restrictions or financial hardship, shifts in demand away from discretionary or higher-priced products, reduced workforces due to illness, quarantine, or government mandates, temporary store closures due to reduced workforces or government mandates, or supply-chain disruptions, capacity constraints of third-party logistics suppliers, and other risks identified from time to time in the Companys public statements and reports filed with theSecurities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law.

Contacts: Jade Art Group, Inc.

Wayne Sellers, 1-855-838-2324


Source: Jade Art Group, Inc.

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