Elev8 Brands, Inc. Retiring Additional 100 Million Common Shares

ROCKLEDGE, Fla., Dec. 22, 2016 /PRNewswire/ -- Elev8 Brands, Inc. (formerly PLAD, Inc.) (OTC Pink: PLAD) a company that plans to bring to market a new premium hemp seed coffee blend, hemp water products and supplements that will focus on the health and fitness markets, announces it has negotiated with a large shareholder to retire shares and has sent in all the documentation needed to retire One Hundred Million (100,000,000) shares of its common stock, $.00001 par value per share.

The Company is awaiting effectiveness of its name and symbol change so that it will also be known as Elev8 Brands, Inc. (OTC.PK: VATE), with FINRA and the Securities and Exchange Commission. It is pending FINRA approval. The Company's management team has been focusing all of its efforts on cleaning up the Company's share structure as well as its name and symbol change. Once the name change takes effect the Company will start updating the investment community much more frequently.  

About Elev8 Brands, Inc.:

Elev8 Hemp LLC is a wholly owned subsidiary of Elev8 Brands, Inc., and is a newly formed company that plans to bring to market a new premium hemp seed coffee blend. Sipp Industries will exclusively provide to Elev8 Hemp "proprietary hemp ingredients" for the development of their new hemp coffee brand. Elev8 Hemp Seed Coffee will be the result of the blending of roasted, organic hemp seeds with roasted, organic, Fair-trade Mexican coffee beans that produces a premium, delicious, full-flavored hemp seed coffee that does not leave a bitter after-taste.

The Company is still in the process of requesting a name and symbol change. The new name (once approved) will be Elev8 Brands, Inc. and will apply to trade under a new symbol (OTC.PK: VATE)

Please visit, www.elv8hemp.com for more information

Safe Harbor Statement:

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

SOURCE Elev8 Brands, Inc.