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Sortis Holdings Initiates Changeover to an Operator of Scalable, Life-style Brand names

Sortis Holdings Initiates Transition to an Operator of Scalable, Lifestyle Brands

– Transitions Fund Management Business enterprise –

– Announces Acquisitions of Bamboo Sushi, Rudy’s Barbershops, and Current Co Brand names –

– Appoints Demonstrated Consumer Finance Government, Ryan Smith, as Chief Economic Officer –

PORTLAND, Ore., Jan. 18, 2022 (Globe NEWSWIRE) — Sortis Holdings, Inc. (OTC: SOHI) (“Sortis”), a chief in diversified alternative investment decision tactics, is supplying a enterprise update on a number of important initiatives as it transitions to turn out to be a platform enabling extremely scalable, experiential lifestyle brands to speed up advancement and affect.

Transition of Sortis Fund Management
On December 31, 2021, Sortis bought its fund administration business to Sortis, LLC (“Sortis Fund Management”), a private entity owned and operated by previous Sortis Holdings supervisors. The asset buy was seller financed by way of a promissory take note. With the divestiture, Sortis is positioned to execute its brand platform tactic.

Strategic Acquisitions
The original transactions in aid of the new business enterprise technique consist of a number of noteworthy acquisitions to develop its portfolio into the restaurant and elegance and wellness place.

On December 31, 2021, Sortis acquired Sustainable Restaurant Group, the Oregon-primarily based operators of nine Bamboo Sushi (“Bamboo”) dining establishments across 4 states, through a mix of dollars, financial debt and stock. In 2008, Bamboo became the world’s initial licensed sustainable sushi cafe. Since then, it has modified how people consume, how the marketplace operates, and frequently aspires to guard the world, the ocean, and the evolving world ecosystem. Bamboo is pushing the dialogue forward on sustainable fishing when simultaneously serving revolutionary, delicious fare.

On December 31, 2021, Sortis obtained Rudy’s Barbershops (“Rudy’s”), the Washington-dependent operator of 30 spots, which include 11 previous enterprise-owned Bishops Barbershops places, as section of a share exchange agreement. For 29 several years, Rudy’s Barbershop has been the authority on effortless design and style, combining self-treatment with culture. Rudy’s pioneered the modern day barbershop movement and redefined a new generation of elegance and grooming, starting up with a person place in the heart of Seattle and expanding to Oregon, Georgia, Arizona, and NYC.

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On December 31, 2021, Sortis acquired Present Co Brands, Inc., an upstart hospitality developer initially shaped as a joint enterprise in between Sortis and 5 hospitality business veterans. The portfolio of Latest Co Brands, Inc. features administration of the Mayflower Park Resort in Seattle and the Ace Resort in Portland and anticipates the advancement of many new hospitality models.

With this new system, Sortis starts to convey with each other an ecosystem of first makes with function and impression. As stewards of legacy and new businesses alike, the system will empower sustainable growth, cultural equity, and scalable innovation for models with matters to say. Sortis’ target is to construct a portfolio of purchaser brands that share 4 crucial characteristics: a passionate buyer base, differentiated brand identity, determination to Environmental, Social, and Governance (“ESG”) priorities, and electronic tailwinds. Sortis believes these acquisitions are strongly aligned with these attributes and offer considerable development chances. With a platform that delivers enhanced accessibility to money, real estate approach experience, resourceful and operational expertise, and slicing-edge electronic abilities, Sortis believes it can accelerate these brands’ capability to scale both of those organically and inorganically.

“These acquisitions mark a new commencing for Sortis as we changeover into a platform organization with a aim on brands that spark dialogue and shift culture forward,” claimed Paul Brenneke, Executive Chairman of Sortis. “Bamboo Sushi is the forerunner in sustainable sourcing in the restaurant business and Rudy’s is a pioneer in LGBTQ-inclusive procedures and tactics within just the splendor marketplace. We glance forward to leveraging our experience to scale these and other forward-pondering corporations beneath the Sortis umbrella.”

CFO Appointment
Sortis, starting the strategic changeover to an operator of scalable, lifestyle brand names, has appointed Ryan Smith as its Executive Vice President and Main Monetary Officer. In addition to foremost Finance, Accounting, Technologies, and Human Sources, Smith will provide as a strategic organization advisor to the CEO and broader government management workforce.

Smith provides over 20 decades of corporate finance experience with broad consumer, products, brand name, distribution and operational knowledge. He used two many years at Nike (NYSE: NKE), exactly where he held quite a few domestic and intercontinental roles in the finance perform, which includes roles as divisional CFO and leadership roles in Trader Relations, Business enterprise Arranging, Corporate Audit, Earnings and Gross Margin Setting up, and Commerce. Prior to Nike, Smith expended 5 a long time as an lively CPA in community accounting.

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Commenting on his appointment, Smith stated: “It’s an interesting time to be joining the Sortis team as we embark on the transition to a system that can accelerate progress between a variety of solid life style manufacturers. Getting been a finance chief for many companies within just Nike for two decades, I am self-assured in my talents to guideline Sortis by way of this strategic transition. I look ahead to leveraging my deep buyer and operational working experience, alongside with my skills in creating companies and integrating acquisitions, to fortify the performance of our current and long run portfolio businesses.”

Brenneke concluded: “As we embark on this transition, it was vital that we had a CFO with a verified keep track of report of offering success and creating benefit. Ryan is a significant-effects executive who brings a persuasive mix of strategic and money allocation discipline, deep operating competencies, and transformational leadership skills. He is the ideal applicant to push the business enterprise as a member of our executive leadership group offered his working experience at one particular of the most recognizable consumer makes in the globe.”

Incorporation Improve and Stock Transactions
On December 31, 2021, Sortis altered its corporate domicile from Oregon to Delaware, adopted new charter paperwork, and issued new shares constituting around 10% of publish-acquisition fantastic shares to affiliate marketers of Executive Chairman Paul Brenneke ensuing from the redemption of preferred stock and conversion of previously issued warrants.

About Sortis Holdings, Inc.
Sortis Holdings, Inc. (OTC: SOHI) is starting to be a assortment of brands that merge creative eyesight with organization acumen. Sortis intends to energy its manufacturers throughout hotel & lodging, coffee, food items & beverage, and beauty & wellness to generate society ahead, uniting intent and gain to thoughtfully scale its providers and present extraordinary experiences to its customers. To study more about Sortis, please visit sortisholdings.com.

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About Sortis, LLC
Sortis, LLC is a leader in diversified different investment techniques centered on real estate, lending, distress cases and rescue opportunities. Sortis Cash contain the Sortis Rescue Fund, the Sortis Income Fund, and the Sortis Chance Zone Fund. Functioning below the principles of shopper target, integrity, tough operate and creativity, Sortis, LLC delivers its accredited investors with perfectly-managed, varied asset-based financial commitment strategies. Master extra at sortis.com.

Ahead-Looking Statements Disclaimer
Particular statements in this press release are forward-wanting statements. Forward-looking statements usually are accompanied by phrases such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and equivalent expressions that forecast or show long term functions or trends or that are not statements of historical matters. All statements, other than statements of present or historical truth bundled in this press launch, are ahead-wanting, which include statements: pertaining to future functions of businesses not too long ago acquired by Sortis potential future acquisitions characteristics of the Sortis system and advancement opportunities. These ahead-wanting statements are topic to a number of pitfalls and uncertainties, which include the incapacity of the functions to correctly or timely comprehensive proposed or ideal transaction failure to notice the anticipated gains of proposed transactions the troubles with controlling a diversified small business portfolio and dangers involved with the obtained companies, such as modifications in client actions or authorities regulation to address COVID-19. If any of these risks materialize or our assumptions prove incorrect, precise results could vary materially from the final results implied by these ahead-searching statements.

Trader Relations Get hold of
Gateway Investor Relations
Cody Slach and Cody Cree
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