TSX-V: BEAN $0.48 -0.01 -1.04% Volume: 1,000 April 23, 2018
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Peekaboo Beans Inc. Increases Average Order Size by 25% With Launch of Undergarment Line

Mar 20, 2018

Vancouver, BC – March 20, 2018 - Peekaboo Beans Inc. (“Peekaboo Beans” or the “Company”) (TSXV: BEAN), is pleased to announce with the launch of a new children’s undergarment line in February 2018, the average order size has increased from $113.00 (Feb 2017) to $141.00 (Feb 2018), a 25% increase over last year’s spring catalogue release and significantly higher than direct sales industry averages of $70.00.

Grab-and-Go product is positioned as a lower cost, add-on product offering, that stylists present to their customers to increase and diversify their purchases, while creating a lower price point for customers on a budget.

Traci Costa, President and CEO of Peekaboo Beans states, “This is very exciting evidence, that adding grab and go product lines can be a meaningful increased source of revenue for Peekaboo, without additional distribution or logistical costs. Grab and go offerings make it easier for our direct sale stylists to sell more product at each pop-up party, translating to more revenue growth for Peekaboo.”

The Company will continue to build on the many potential grab-and-go offerings that can be introduced into the existing apparel line to further increase revenue, increase margins and support the success of stylists businesses. 

About Peekaboo Beans Inc.
Peekaboo Beans is a Canadian public company with a majority female Board of Directors producing high-quality, ethically manufactured children's apparel. Peekaboo Beans is sold exclusively through its direct-sales network of stylists or independent sales representatives. In line with its mission, Peekaboo Beans develops custom fabrics and designs its apparel to promote play in children's lives. Through the direct-sales model, Peekaboo Beans trains women to be entrepreneurs, build a business and generate income on their own terms.

On behalf of the Board of Directors,

Peekaboo Beans Inc. 
Ms. Traci Costa, President and CEO
(604) 279-2326 
traci@peekaboobeans.com

For more information, please contact Investor Relations

Caleb Jefferies, Kin Communications Inc.,
604-684-6730
bean@kicommunications.com

This news release may include forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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