Ambari Brands Inc. announced the forthcoming closure of its US retail skincare business. This decision comes after careful consideration of market, financial projections and the operational environment in which the Company has been producing and selling its products. Despite concerted efforts to build its brand and maintain competitiveness, the Company's skincare products business has been increasingly difficult and costly to operate, to the point where the Company has decided to cease such operations.

The decision to cease operations in the US retail skincare market was not taken lightly, as the Company acknowledges the significant impact this will have on its customers, retail partners and shareholders. The Company wishes to reassure its stakeholders that it will retain all product formulations and intellectual property rights associated with its skincare lines and that the Company will still be able to reinitiate sales and operations in the US market at a later date, should market conditions become more favorable.