PR84052

PLANO, Texas, May 18, 2020 /PRNewswire=KYODO JBN/--

NuZee, Inc. (OTCQB: NUZE) ("NuZee"), a single-serve pour-over coffee producer

and co-packer, announced today that it has commenced a proposed firm commitment

underwritten public offering (the "Offering") of shares of its common stock

(the "Shares"). In addition, the underwriters will have a 45-day option to

purchase additional shares of NuZee's common stock (representing up to 15% of

the aggregate number of Shares sold in the Offering) on the same price, terms

and conditions to cover over-allotments, if any. The proposed Offering is

subject to market and other conditions, and there can be no assurance as to

whether or when the Offering may be completed, or as to the actual size or

terms of the Offering.

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The Benchmark Company, LLC is acting as sole book-running manager for the

Offering.

NuZee intends to use the net proceeds from the Offering for working capital and

general corporate purposes.

The proposed Offering is being made pursuant to a registration statement on

Form S-1 (No. 333-234643), including a preliminary prospectus previously filed

with the U.S. Securities and Exchange Commission (the "SEC"), which has not yet

become effective. The Shares may not be sold nor may offers to buy be accepted

prior to the time the registration statement becomes effective, and may be

offered only by means of a prospectus. A final prospectus describing the terms

of the proposed offering will be filed with the SEC and will be available on

the SEC's website located at http://www.sec.gov.  

Electronic copies of the final prospectus, when available, may be obtained by

contacting The Benchmark Company, Attention: Prospectus Department, 150 E. 58th

Street, 17th floor, New York, NY 10155, by email at

prospectus@benchmarkcompany.com, or by telephone at +1-(212-312-6700. Before

investing in this offering, interested parties should read in its entirety the

final prospectus, which provides more information about the Company and such

offering.  

This press release shall not constitute an offer to sell or the solicitation of

an offer to buy any Shares, nor shall there be any sales of the Shares in any

state or jurisdiction in which such offer, solicitation or sale would be

unlawful prior to registration or qualification under the securities laws of

any such state or jurisdiction.  

Forward-looking Statements  

This press release contains forward-looking statements that are made pursuant

to the safe harbor provisions within the meaning of Section 27A of the

Securities Act of 1933, as amended, and Section 21E of the Securities Exchange

Act of 1934, as amended. NuZee cautions you that such statements are simply

predictions and actual events or results may differ materially. These

statements reflect NuZee's current expectations, and NuZee does not undertake

to update or revise these forward looking statements, even if experience or

future changes make it clear that any projected results expressed or implied in

this or other NuZee statements will not be realized. Further, these statements

involve risks and uncertainties, many of which are beyond NuZee's control,

which could cause actual results to differ materially from the forward-looking

statements. Statements related to, among other things, the consummation of the

offering of the Shares and potential changes in market conditions constitute

forward-looking statements. These risks and uncertainties, many of which are

beyond our control, include: the effects of the COVID-19 pandemic on our

operations and general economic conditions; the risk that the public offering

of Shares may not close; and our need for substantial additional funds; for a

description of additional factors that may cause NuZee's actual results,

performance or expectations to differ from any forward-looking statements,

please review the information set forth in the "Risk Factors" and "Management's

Discussion and Analysis of Financial Condition and Results of Operations"

sections of the Company's public reports filed with the SEC and in the

preliminary prospectus and accompanying prospectus relating to the offering to

be filed with the SEC.  

About NuZee and Coffee Blenders  

NuZee, Inc. (d/b/a Coffee Blenders(R)) is a specialty coffee company and a

leading U.S. single-serve pour-over coffee producer and co-packer. We co-pack

single-serve pour-over coffee products for customers in the U.S. market and

also co-pack for the Korean market.  

SOURCE:  NuZee, Inc.

CONTACT: NuZee Investor Relations:

         Shanoop Kothari

         SVP and Chief Financial Officer

         +1-(713)-530-7688

         shanoop@coffeeblenders.com