TAAT Launch in Ohio Continues with Over 3.7 Million Ad Engagements and Strong Conversion Rate on TryTAAT; Final TAAT Pack Designs Revealed Featuring BOGO Promotion

TAAT Launch in Ohio Continues with Over 3

With the launch of TAAT™ in Ohio currently underway, the Company is pleased to announce that the digital marketing campaign for its TryTAAT landing page has distributed approximately 13 million advertisements, with over 3.7 million ad engagements and visits to TryTAAT originating from more than 90 countries internationally despite no current advertising outside of the United States. The Company has also released new TAAT™ pack designs featuring a “Buy one, get one free” offer which will be incorporated into the Company’s rollout strategy for selling TAAT™ at retail in Ohio in its early stages.
LAS VEGAS and VANCOUVER, British Columbia, Nov. 27, 2020 (GLOBE NEWSWIRE) — TAATLIFESTYLE & WELLNESS LTD. (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) (the “Company” or “TAAT”) is pleased to announce that the launch of its flagship product TAAT™ continues in Ohio, with positive performance of digital marketing initiatives, a sustained production rate of both Beyond Tobacco™ and TAAT™, and further growth of interest in TAAT™ from both legal aged smokers as well as Ohio-based tobacco retailers. TAAT™ remains on schedule to be available for purchase in Ohio in Q4 2020. In its September 29, 2020 press release, the Company released mockups of provisional packaging designs for TAAT™ which were designed to align the product line’s appearance with incumbent brands of tobacco cigarettes. The Company has finalized the TAAT™ packaging designs for each of the Original, Smooth, and Menthol varieties for the launch, which will feature a “Buy one, get one free” offer (commonly referred to as “BOGO”) to provide greater value to legal aged smokers who are early-stage purchasers of TAAT™ and encourage lengthier trials of the product at no additional cost.The Company has developed Beyond Tobacco™, which is the base material of TAAT™, containing no nicotine or tobacco. Beyond Tobacco™ is characterized by its similar properties to actual tobacco such as the volume of smoke and “crackling” sound resulting from combustion, as well as a tobacco-like taste and smell created by a patent-pending refinement technique for the material. By offering legal aged smokers the choice to continue the experiences they enjoy while leaving nicotine behind, the Company is positioning TAAT™ as a direct competitor to leading brands of tobacco cigarettes.On October 30, 2020, the Company launched a digital marketing campaign to attract traffic to TryTAAT (http://trytaat.com), a landing page that provides information about TAAT™ and allows legal aged smokers in the United States to request a free sample of TAAT™ in any of its varieties. As of this writing, approximately 13 million advertisements have been distributed and there have been over 3.7 million engagements with TAAT™ advertisements in this campaign. These engagements have yielded several thousand confirmed requests for mailed samples of TAAT™ to addresses in the United States. The Company intends to upwardly scale digital advertising initiatives for TAAT™ following its availability in Ohio tobacco retailers this quarter to build upon its current momentum.Daniel A. Pasco, Chief Executive Officer of Adfuel Media Inc., a digital media service provider to the Company commented, “We have not seen consumer engagement and traction for a new product like what we have seen for TAAT™ with any other company for whom we have administered online advertising campaigns. Despite targeting advertisements for TAAT™ to strategically chosen market segments, much of the web traffic to TryTAAT appears to originate from sources other than our ads, including many direct type-ins. This suggests that the campaign is already benefiting from organic growth through personal referrals, which is one of the most powerful metrics in this industry. Although our campaigns for TAAT™ are being conducted solely in the United States at this time, we have detected traffic from more than 90 countries internationally. We are very encouraged by the results thus far and look forward to rolling out the campaign on a larger scale.”As a result of the Company’s decision to provide a BOGO offer as part of the current TAAT™ launch, new pack designs have been created to include a voucher that can be redeemed for a complimentary pack of TAAT™ from any tobacco retailer who carries TAAT™ products. Packs with the new designs, as pictured below, are currently in production and are set to arrive at the facility of the Company’s contract manufacturing partner within the next ten days. Finished TAAT™ sticks will then be placed into the BOGO offer packs and corresponding cartons, loaded onto 1,440-carton pallets, and stored in the warehouse of the Company’s contract manufacturing partner from which the pallets will be shipped to Ohio.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b32a0085-a88f-4abe-84df-76e383e045a7Readers using news aggregation services may be unable to view the media above. Please access SEDAR or the Investor Relations section of the Company’s website for a version of this press release containing all published media.Pat Bell, Chief Operating Officer of the Company’s first distribution partner ADCO Distributors, Inc. commented, “Interest in TAAT™ has grown tremendously over the past couple of weeks. Our retail customers have been very intrigued and we are processing orders from both chain and independent tobacco retailer accounts in Ohio. Additionally, despite making no outbound efforts to solicit orders of TAAT™ outside of Ohio, several retailers from Ohio border states have sought us out and enthusiastically expressed interest in ordering TAAT™ from us. Interest in TAAT™ from tobacco retailer accounts has been unprecedented in comparison to other newly launched products that we have helped bring to market. This is evidenced by our customers’ receptiveness to place advance orders for TAAT™ and their confidence in the product to be well-received by the legal aged smokers that shop in their stores. I can say that TAAT™ is the first new product that I can remember that has had this much interest before it has even hit the store shelves.”TAAT™ Chief Executive Officer Setti Coscarella said, “For any launch in the consumer packaged goods category, it is always an exciting time to concurrently build interest in the product with both your target market and the retailers from whom they will purchase the product. Because this involves a combination of B2C marketing and B2B relationship building on top of behind-the-scenes activities such as establishing a supply chain, it is important to emphasize that this process is a marathon and not a race. As our objective is to capture market share in one of the most ruthlessly competitive industries in the world, nothing can be rushed in our launch strategy because it is very important to make a compelling first impression. We have already secured purchase orders from several chain and independent tobacco retailers in Ohio, which will comprise our initial batch of retail partners for when TAAT™ will first be available at retail this quarter. From there, the focus is on growing our roster of retail partners, which will be an integral part of our KPIs going forward. At all levels, we have felt very welcomed in Ohio so far, which is something we are eager to reciprocate by offering smokers in Ohio a better product than traditional tobacco cigarettes.”On behalf of the Board of Directors of the Company,TAATLIFESTYLE & WELLNESS LTD.“Setti Coscarella”Setti Coscarella, CEO and DirectorFor further information, please contact:TAAT™ Investor Relations
1-833-TAAT-USA (1-833-822-8872)
THE CANADIAN SECURITIES EXCHANGE (CSE) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.About TAATLifestyle & Wellness Ltd.The Company has developed TAAT™, which is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in “Original”, “Smooth”, and “Menthol” varieties. TAAT™’s base material is Beyond Tobacco™, a proprietary blend which undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with “Big Tobacco” pedigree, TAAT™ is launching in the United States in Q4 2020 as the Company seeks to position itself in the $814 billion1 global tobacco industry.For more information, please visit http://taatusa.com.References1British American Tobacco – The Global MarketForward Looking StatementsThis news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking information and information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur, or be achieved. Forward-looking information in this news release includes statements regarding the potential launch of Beyond Tobacco™, in addition to the following: Potential outcomes from the Company’s digital marketing campaigns and potential performance of the “BOGO” promotion as part of the launch of TAAT™. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; (ii) changes to the growth and size of the tobacco markets; and (iii) other factors beyond the control of the Company. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.The statements in this news release have not been evaluated by Health Canada or the U.S. Food and Drug Administration. As each individual is different, the benefits, if any, of taking the Company’s products will vary from person to person. No claims or guarantees can be made as to the effects of the Company’s products on an individual’s health and well-being. The Company’s products are not intended to diagnose, treat, cure, or prevent any disease.This news release may contain trademarked names of third-party entities (or their respective offerings with trademarked names) typically in reference to (i) relationships had by the Company with such third-party entities as referred to in this release and/or (ii) client/vendor/service provider parties whose relationship with the Company is/are referred to in this release. All rights to such trademarks are reserved by their respective owners or licensees.Statement Regarding Third-Party Investor Relations FirmsDisclosures relating to investor relations firms retained by TAAT™ Lifestyle & Wellness Ltd. can be found under the Company’s profile on http://sedar.com.

CBJ Newsmakers