Veru Healthcare, Inc.

Gaithersburg, MD, June 22, 2021 (GLOBE NEWSWIRE) -- Verus International, Inc. (“Verus” or the “Company”) (OTC Pink: VRUS), an international food, CBD and hemp-based products company, reported financial results for the fiscal 2021 second quarter, which ended April 30, 2021. In conjunction with this release, the Company is also providing additional details on business developments subsequent to the quarter’s end. For fiscal Q2 2021, management is noting the following items of importance: “Our U.S. sales achieved double digits (approximately 11%) as a percentage of our total revenue for the first time,” explained Verus CEO Andy Dhruv. “Even at this modest percentage from the Pachyderm Labs product lines, you can already see the positive effect on gross margins, which were close to 600 basis points higher than the prior quarter. Based on current sales forecasts, we expect our higher margin U.S. product lines to continue capturing a larger share of our overall revenue in subsequent quarters. This trend, coupled with our significant rationalization of expenses, has quickly repositioned us into a more sustainable company. Overall, our strategy of cost rationalization and new higher margin product lines has put us on track to generate improved operating results in the future. Our next goal is to layer on growth, so we plan to have our own booth at the upcoming Champs show in Las Vegas, NV, which runs from July 27th through July 30th. Industry trade shows have been a tremendous source of new business, so we are particularly excited to showcase our product lines at a venue of this size and importance.” Operational Update Operationally, the new Waffles product line continues to sell out, with reorder rates above historical averages for both food and CBD lines. The Company is currently working to secure additional working capital and capacity to meet this growing demand. Based on recent orders and inventory turns, Verus believes that it will return to revenue growth in upcoming quarters. In terms of M&A activity, management continues advancing previously announced M&A discussions, although management cannot be certain of the timing or the outcome of these active M&A discussions, which involve companies of equal or greater size than Verus’ current operations. About Verus International Verus is an emerging multi-line consumer packaged goods (CPG) company developing branded product lines in the U.S. and on a global basis. The Company trades on the OTC market (OTC Pink: VRUS). Investors can find real-time quotes and market information for the Company on . Additional information is also available at the Company’s website, , and via the official Twitter feed @Verus_Foods, and the Pachyderm Labs subsidiary Twitter feed @PachydermLabs. Safe Harbor Statement This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Contacts Investor Contact:ir@verusfoods.com

NEW YORK, May 19, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Arcimoto, Inc. (NASDAQ: FUV), Churchill Capital Corporation IV (NYSE: CCIV), Emergent BioSolutions, Inc. (NYSE: EBS), and Verus International, Inc. (Other OTC: VRUS). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided. Arcimoto, Inc. (NASDAQ: FUV) Class Period: February 14, 2018 to March 22, 2021 Lead Plaintiff Deadline: June 18, 2021 On March 23, 2021, Bonitas Research published a report (“Bonitas Report”) revealing that Arcimoto had misled the investing public by fabricating its preorders. The Bonitas Report further revealed that Arcimoto’s largest customer, R-KeyMoto, LLC, was an undisclosed related party. The Bonitas Report additionally revealed issues regarding Arcimoto’s alleged partnership with HULA. On this news, Arcimoto’s stock price fell $1.10 per share, or approximately 6.56%, to close at $15.67 per share on March 23, 2021. The complaint, filed on April 19, 2021, alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the preorders of Arcimoto’s Fun Utility Vehicles (“FUVs”) were fabricated or never completed, with only 19 units delivered out of an alleged preorder of 422; (2) Arcimoto failed to disclose to customers that nearly 100% of its vehicles delivered were under safety recall; (3) Arcimoto’s largest customer, R-Key-Moto, was an undisclosed related party owned by insider FOD Capital, LLC; (4) Arcimoto’s partnership with HULA was an undisclosed related party transaction; and (5) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. For more information on the Arcimoto class action go to: Churchill Capital Corporation IV (NYSE: CCIV) Class Period: January 11, 2021 to February 22, 2021 Lead Plaintiff Deadline: June 18, 2021 On January 11, 2021, Bloomberg News reported that Lucid Motors Inc. ("Lucid"), an American automotive company specializing in electric cars, is in talks to go public via merger with one of Michael Klein’s special purpose acquisition companies, including Churchill. Over the next several weeks, Lucid’s Chief Executive Officer Peter Rawlinson made media appearances during which he stated that Lucid was aiming for a spring delivery for its first vehicles. On February 22, 2021, the merger between Churchill and Lucid was announced with transaction equity value estimated at $11.75 billion. Churchill’s share price closed at $57.37. The same day, after the market closed, Bloomberg News reported that production of Lucid’s debut car would be delayed until at least the second half of 2021 with no definite date for the actual delivery of vehicles. Details of the merger also disclosed that Lucid was projecting the production of only 557 vehicles in 2021, instead of the 6,000 it had been touting in the run-up to the merger announcement. On February 23, 2021, Churchill’s stock fell $22.16, or 38%, to close at $35.21 per share on February 23, 2021. The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) Lucid was not prepared to deliver vehicles by spring of 2021; (2) Lucid was projecting a production of 557 vehicles in 2021 instead of the 6,000 vehicles touted in the run-up to the merger with Churchill; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. For more information on the Churchill class action go to: Emergent BioSolutions, Inc. (NYSE: EBS) Class Period: April 24, 2020 to April 16, 2021 Lead Plaintiff Deadline: June 18, 2021 Emergent is a specialty biopharmaceutical company that develops vaccines and antibody therapeutics for infectious diseases. In response to the COVID-19 pandemic, Emergent signed deals with Johnson & Johnson (“J&J”) and AstraZeneca worth a combined $875 million to provide contract development and manufacturing organization (“CDMO”) services to produce he companies’ COVID-19 vaccine candidates, and received another $628 million from the United States government as a part of Operation Warp Speed, for a total of $1.5 billion in COVID-19 deals. Investors began to learn the truth on March 31, 2021, when media reports revealed that employees at Emergent’s Baltimore manufacturing facility “mixed up” ingredients for the J&J and AstraZeneca vaccines, contaminating up to 15 million doses of the J&J vaccine. It was further revealed that this was not an isolated incident and part of a history of manufacturing issues at the Company’s plant. Additionally, it was further reported that by December 2020, Emergent was forced to discard the equivalent of millions of AstraZeneca vaccine doses after they were spoiled by bacterial contamination of equipment at the same Baltimore facility. In response to these revelations, the Biden administration took the extraordinary action of placing J&J in charge of Emergent’s Baltimore plant and prohibiting it from producing the AstraZeneca vaccine. To date, not a single dose of any COVID-19 vaccine produced at the site has been released by the FDA for distribution. In response to this news, shares of Emergent’s stock price fell $14.29 per share, or over 15% over the next two trading days, from a close of $92.91 per share on March 31, 2021, to close at $78.62 on April 5, 2021. For more information on the Emergent class action go to: Verus International, Inc. (Other OTC: VRUS) Class Period: June 17, 2019 to October 8, 2020 Lead Plaintiff Deadline: June 22, 2021 Verus purports to be a multi-line consumer packaged goods company, which develops branded product lines in the U.S. and globally. Verus was purportedly the fourth fastest growing consumer products food company at the end of 2019, which included its acquisitions of the Big League Foods and a controlling interest in NutriBrands. In order to stem the Company’s reeling stock price, which had dipped below $0.01 per share, defendants represented that Verus seized the opportunity presented by the COVID-19 pandemic. On April 3, 2020, Verus announced the acquisition of a controlling 51% interest in ZC Top Apparel Manufacturing, Inc., (“ZTAM”), a purported Philippines-based manufacturer of reusable N95 fabric masks and biohazard suits. According to the press release, Verus was “providing the funding and other resources” to begin fulfilling pending governmental orders on an expedited basis and that “protective gear could eclipse all of [Verus’s] existing revenue sources.” On this news, the Company’s stock price rose from $0.014 to a close of $0.018 on April 3, 2020 following the announcement. Over the next few days, the Company’s stock price continued to climb, closing at $0.021 on April 6, 2020. However, in the weeks and months that followed, the Company’s stock price declined as the truth was slowly revealed. First, Verus revealed that rollout of sample masks and other PPE were encountering “logistical issues.” Second, the Company needed to secure a facility in Vietnam, seemingly unrelated to ZTAM, to produce sample masks months after the announcement. Third, ZTAM Chief Executive Officer (“CEO”) Ronald Ian Bilang (“Bilang”) cryptically tweeted about a potential escalation of regulatory investigations, involvement of the Office of International Affairs (“OIA”) and continued deafening silence from Verus and defendants. Finally, on October 8, 2020, Verus announced that the Company issued a “Repayment and Notice of Rescission of Transaction” to ZTAM, as a result of “failure of contractual performance and breach of contract.” According to the press release, ZTAM did not register Verus’s “controlling interest of 51%” as required under the term sheet dated April 3, 2020. At the time of this announcement, the Company’s stock price closed at just $0.002 per share, a total decline 90.5% from when Verus announced its controlling interest in ZTAM. For more information on the Verus class action go to: About Bragar Eagel & Squire, P.C.:Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit . Attorney advertising. Prior results do not guarantee similar outcomes. Contact Information:Bragar Eagel & Squire, P.C.Brandon Walker, Esq. Melissa Fortunato, Esq.Marion Passmore, Esq.(212) 355-4648investigations@bespc.com