Labor Smart, Inc. (doing business as Kultura Brands, Inc.) Retires 500 million Common Shares; Confirms 5 billion Share Retirement Initiative Underway
Kultura Brands (OTCID:LTNC) confirmed that 500,000,000 common shares were retired and removed from issued and outstanding shares, verified by Empire Stock Transfer on October 23, 2025.
This retirement is described as the first phase (10%) of a broader 5 billion share reduction plan expected to be executed over the next 30–60 days and includes both common and preferred shares. The company said the remaining 4.5 billion shares are tied to shareholder settlements, asset transfers, conversions and other compliance steps before cancellation.
Kultura Brands also adopted a new policy to only announce retirements after transfer-agent verification and plans to publish transaction journals on X (@KulturaBrands) and other social channels after each phase.
Kultura Brands (OTCID:LTNC) ha confermato che 500,000,000 azioni ordinarie sono state ritirate e rimosse dalle azioni emesse e in circolazione, verificato da Empire Stock Transfer il 23 ottobre 2025.
Questo ritiro è descritto come la prima fase (10%) di un piano più ampio di riduzione di 5 miliardi di azioni previsto per essere eseguito nei prossimi 30–60 giorni e comprende sia azioni ordinarie che privilegiate. L'azienda ha indicato che le restanti 4,5 miliardi di azioni sono legate a accordi con gli azionisti, trasferimenti di attività, conversioni e altre misure di conformità prima della cancellazione.
Kultura Brands ha inoltre adottato una nuova politica per annunciare i ritiri solo dopo la verifica da parte dell'agente di trasferimento e prevede di pubblicare i registri delle transazioni su X (@KulturaBrands) e altri canali social dopo ogni fase.
Kultura Brands (OTCID:LTNC) confirmó que se retiraron y eliminaron de las acciones emitidas y en circulación 500,000,000 de acciones ordinarias, verificado por Empire Stock Transfer el 23 de octubre de 2025.
Este retiro se describe como la primera fase (10%) de un plan más amplio de reducción de 5 mil millones de acciones que se espera ejecutar durante los próximos 30–60 días e incluye tanto acciones ordinarias como preferentes. La compañía indicó que las restantes 4,5 mil millones de acciones están vinculadas a acuerdos con accionistas, transferencias de activos, conversiones y otros pasos de cumplimiento antes de la cancelación.
Kultura Brands también adoptó una nueva política para anunciar retiros sólo después de la verificación del agente de transferencias y planea publicar diarios de transacciones en X (@KulturaBrands) y otros canales sociales después de cada fase.
Kultura Brands (OTCID:LTNC)가 5억 주의 일반주가 발행 및 유통 주식에서 소각되어 제거되었음을 확인했으며, 이 내용은 2025년 10월 23일에 Empire Stock Transfer에 의해 확인되었습니다.
이번 소각은 향후 30–60일 내에 실행될 것으로 예상되는 더 넓은 50억 주 감축 계획의 첫 단계(10%)로 설명되며 일반주와 우선주를 모두 포함합니다. 남은 45억 주는 주주 합의, 자산 양도, 전환 및 기타 준수 절차와 관련되어 있으며 소각되기 전에 해결됩니다.
Kultura Brands는 또한 양도 대리인의 확인 후에만 소각을 발표하는 새로운 정책을 채택했고, 각 단계 후 X (@KulturaBrands) 및 다른 소셜 채널에 거래 기록을 게시할 계획입니다.
Kultura Brands (OTCID:LTNC) a confirmé que 500 000 000 d’actions ordinaires ont été retirées et retirées des actions émises et en circulation, vérifié par Empire Stock Transfer le 23 octobre 2025.
Ce retrait est décrit comme la première phase (10%) d’un plan plus large de réduction de 5 milliards d’actions prévu pour être exécuté au cours des 30 à 60 prochains jours et comprend à la fois des actions ordinaires et des actions privilégiées. La société indique que les 4,5 milliards d’actions restantes sont liées à des accords avec les actionnaires, des transferts d’actifs, des conversions et d’autres étapes de conformité avant l’annulation.
Kultura Brands a également adopté une nouvelle politique consistant à n’annoncer les rachats qu’après vérification par l’agent de transfert et prévoit de publier des journaux de transactions sur X (@KulturaBrands) et d’autres canaux sociaux après chaque phase.
Kultura Brands (OTCID:LTNC) bestätigte, dass 500.000.000 Stammaktien aus dem ausgegebenen und umlaufenden Bestand zurückgezogen und entfernt wurden, bestätigt von Empire Stock Transfer am 23. Oktober 2025.
Dieser Rückzug wird als erste Phase (10%) eines breiteren Plans zur Reduktion von 5 Milliarden Aktien beschrieben, der in den nächsten 30–60 Tagen umgesetzt werden soll und sowohl Stamm- als auch Vorzugsaktien umfasst. Die verbleibenden 4,5 Milliarden Aktien sollen mit Ausschüttungen an Aktionäre, Vermögensübertragungen, Umwandlungen und weiteren Compliance-Schritten verbunden sein, bevor sie storniert werden.
Kultura Brands hat zudem eine neue Richtlinie eingeführt, Rückzüge erst nach Verifizierung durch den Übertragungsagenten bekannt zu geben, und plant, Transaktionsjournale auf X (@KulturaBrands) und anderen sozialen Kanälen nach jeder Phase zu veröffentlichen.
Kultura Brands (OTCID:LTNC) أكدت أن 500,000,000 سهماً عاديًا قد تم سحبها وإزالتها من الأسهم المصدرة والمتداولة، وتم التحقق من ذلك من قبل Empire Stock Transfer في 23 أكتوبر 2025.
ويوصف هذا السحب بأنه المرحلة الأولى (10%) من خطة أوسع لخفض 5 مليارات سهم من المتوقع تنفيذها خلال الـ 30–60 يوماً القادمة وتشمل كل من الأسهم العادية والأسهم الممتازة. وقالت الشركة إن剩余 4.5 مليار سهم مرتبطة بتسويات مع المساهمين، ونقل الأصول، والتحويلات، وخطوات امتثال أخرى قبل الإلغاء.
اعتمدت Kultura Brands أيضًا سياسة جديدة لعدم إعلان السحوبات إلا بعد تحقق وكيل النقل، وتخطط لنشر يوميات المعاملات على X (@KulturaBrands) وغيرها من قنوات التواصل الاجتماعي بعد كل مرحلة.
Kultura Brands (OTCID:LTNC) 已确认 500,000,000 股普通股 已从已发行并在外流通的股份中注销并移除，经 Empire Stock Transfer 在 2025 年 10 月 23 日 核实。
此次注销被描述为一个更广泛的 50 亿股减持计划 的第一阶段（10%），预计在接下来的 30–60 天 内执行，涵盖普通股和优先股。公司表示，剩余的 4.5 亿股 将与股东和解、资产转让、转换及其他合规步骤相关，待取消前完成。
Kultura Brands 还采用了新的政策，只有在转让代理核验后才宣布回购，并计划在每个阶段后在 X (@KulturaBrands) 及其他社交渠道发布交易日记。
- Verified retirement of 500,000,000 common shares on Oct 23, 2025
- Completed first phase representing 10% of a 5 billion share reduction plan
- New transparency policy: announce retirements only after transfer-agent verification
- Remaining 4.5 billion shares contingent on settlements and conversions
- Plan requires continued private placements for cashflow, implying potential dilution
- Large projects not yet fully profitable, delaying some retirements
Kultura Brands, Inc., today announced that 500,000,000 (five hundred million) common shares of its stock have been officially retired and removed from the company's issued and outstanding shares.
JACKSON, WY / ACCESS Newswire / October 24, 2025 / Labor Smart, Inc. (OTCID:LTNC), doing business as Kultura Brands, Inc., today announced that 500,000,000 (five hundred million) common shares of its stock have been officially retired and removed from the company's issued and outstanding shares, as confirmed by Empire Stock Transfer on October 23, 2025.
This completed retirement marks the first phase of the company's broader 5 billion share reduction plan, which is expected to be executed over the next 30 to 60 days.
A Shift Toward Verified, Post-Completion Reporting
In response to shareholder feedback and concerns regarding prior share retirement announcements made before completion, the company has adopted a new transparency policy. Under this policy, Kultura Brands, will only announce share retirements after the process has been fully executed and verified by the company's transfer agent with the transaction journal. "Our focus is on transparency backed by verification," said Brad Wyatt, Chief Executive Officer. "We understand the frustration surrounding premature announcements in the past. Moving forward, our communications will reflect only completed, documented actions when it comes to share retirement. The 500 million share retirement is finished, verified, and represents the first
Commitment to Completion and Clarity
The remaining 4.5 billion shares targeted for retirement are tied to specific agreements and compliance steps that must be finalized before cancellation. These include the completion of various shareholder settlements, asset transfer agreements, conversions, and other obligations associated with the return of shares. The 4.5B shares remaining comprise of both Preferred and Common shares to be retired. With full transparency, we are still working through cashflow management with the large projects at hand that are yet to demonstrate full profitability potential and requires continued private placements and cleanup of past investments for equity (share issuance), all being part of the larger share reform plan. We will see this stabilize and the capitalization table consolidate through the efforts of the ongoing share retirements and the operational revenue kicking in with increased sales volume and profitability.
Upon completion of each phase, the company will release via "X" (@KulturaBrands) and other social media venues the corresponding transaction journal directly from Empire Stock Transfer as confirmation of share retirement.
"We're focused on accountability through documentation," added Wyatt. "We are committed to responsibly reducing our outstanding share count and reporting results only after the retirement is complete and confirmed."
About Kultura Brands, Inc.
Kultura Brands Inc. is a Wyoming-based public company (OTCID:LTNC) focused on identifying, building, and scaling culture-driven brands. With a foundation rooted in operational discipline and services, our refreshed strategy moves us into brand acquisition, development, and community-led growth, aimed at creating long-term value for consumers and shareholders alike.
Forward-Looking Statements
This press release includes statements regarding the Company's intentions and strategic direction. Although the Company has taken steps as described, many of the matters referenced (including the timing of share retirement and the dependence on individuals to complete their part of the process) are subject to risks and uncertainties. There can be no assurance that requests will be approved in the timeline or manner described. The Company assumes no obligation to update or revise any statements in this release, except as required by law. This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections, revenue and earnings growth, and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: (i) potential failure to meet projected development and related targets; (ii) changes in applicable laws or regulations that may impact our products and business; and (iii) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with OTC Markets. These and other factors may cause our actual results to differ materially from any forward-looking statement. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Contact:
Labor Smart, Inc. (doing business as Kultura Brands, Inc.)
Investor Relations
Jackson, Wyoming
info@laborsmartinc.com
www.laborsmartinc.com
SOURCE: Labor Smart, Inc.
View the original press release on ACCESS Newswire
FAQ
What did Kultura Brands (LTNC) announce about share retirements on October 24, 2025?
How much of the 5 billion share reduction has LTNC completed as of October 23, 2025?
What is the timeline for Kultura Brands to retire the remaining 4.5 billion LTNC shares?
Will Kultura Brands publish proof of each LTNC share retirement?
Why are 4.5 billion LTNC shares not yet retired?
Does the LTNC retirement plan affect shareholder dilution or cash needs?
