Research byMichal Gregersen

September 28th, 2021NOR-Invest.com

Glossary.

Pink Current Information Companies that provide adequate currentinformation to the market pursuant to theInternational Reporting Standard, the BankReporting Standard or the AlternativeReporting Standard, or are current in the SECreporting obligations are designated as PinkCurrent Information.

Pink No Information Pink No Information companies may not beable or willing to provide disclosure to thepublic markets - either to a regulator, anexchange or OTC Markets Group.

Shell A Shell Company is a company, other than anasset-backed issuer, with no or nominaloperations and either 1) no or nominalassets; 2) assets consisting of cash and cashequivalents; or 3) assets consisting of anyamount of cash and cash equivalents andnominal other assets, as defined bySecurities Act Rule 405 and Exchange ActRule 12b-2. SEC reporting companiesdesignate their shell status in their periodicfilings.

Distressed securities and custodians are not a traditional way to invest, and remain to be aniche strategy for investors. These securities are usually traded on the OTC market and can bevery lucrative for investors that invest at the right time.

A Custodianship occurs when a company legally takes over a distressed and/or defunct publiclytraded company, then proceeds to “clean up” the shell (See glossary) in order to reinstate it.These defunct companies usually trade with “No Pink Information”, and need to be reinstated to“Pink Current” (See glossary). This can be done by filing the required missing quarterly reportsand/or SEC filings, making the company current. These defunct companies usually have no realassets or ongoing business activities, and have been abandoned by their owners. They dohowever have an established share structure, which make them attractive for private companiesthat do wish to go public, as well as reverse mergers into the shell.

A large amount of these shells trade at very low prices; usually between $0.01-$0.0001 beforethe custodial and/or merger date announcement. The typical custodianship investment usuallygoes as follows, and can provide returns as high as 10,000%.

A great example of a previous successful custodianship investment is Kaival BrandsInnovations Group, Inc. (KAVL), which currently trades on NASDAQ. KAVL was trading at $0.10in January 2020 and reached a high of $12.72 in July 2020, with a share price increase of12,170%. The custodian for KAVL was V Financial Group, which has an astonishing trackrecord and specializes in custodianships and IPO’s.

Previous custodians by V Financial Group:

Pre-custodianTicker name

Pre-custodianStock Price(Low)

Post-CustodianTicker name

Post-CustodianStock Price(High)

CurrentStock Price(17/09/21)

OutstandingShares

Quick StartHoldings, Inc.(QSHI)

$0.10 Kaival BrandsInnovations, Group,Inc. (KAVL)

$12.72 $2.62 23,628,187

TurnkeySolutions, Inc.(TKSI)

$0.02 Next Meats Holdings,Inc. (NXMH)

$10.30 $4.05 500,000,000

BusinessSolutions Plus,Inc. (BSPI)

$0.02 WB Burgers Asia,Inc. (WBBA)

$0.70 $0.35 500,000,000

Potential alternative investment: Catapult Solutions Inc. (CPSL). Catapult Solutions is a clean,blank shell company with virtually no debt recently acquired by a Tokyo based food-techcompany with a market cap of $2bn. It must be noted that the company is currently pending aFINRA corporate action for a name change to Dr. Foods, Inc., as well as a ticker symbol.

Timeline:

On December 16th 2020, Jeffrey DeNunzio from V Financial Group was granted custodianshipof a formerly distressed security called Ambient Water Corp (AWGI) by the 8th District Court ofNevada (Case #A-20-823994-P). On February 26th 2021, Jeffrey DeNunzio was appointedCEO and on April 23, 2021, AWGI filed Articles of Merger with Catapult Solutions and became“Pink Current” shortly after. The merger became effective on April 28, 2021 at 4:00 PM EST. OnApril 30th, 2021 a joint motion to terminate the custodianship was filed with the court. The filingincluded a copy of the minutes of the shareholders meeting “Custodian believes theshareholders will have a fruitful company moving forward”.

On July 20th, 2021, Catapult Solutions Inc. entered into a Share Purchase Agreement with NextMeats Holdings Inc. (NXMH), and White Knight Co. Ltd. (“Purchasers”) and CRS Consulting,LLC. (V Financial Group - “the Seller”) for $375,000.

On July 23rd, 2021 CRS Consulting sold 10,000 of Catapult Solutions Inc.’s Series Z PreferredStock for $37.5 per share, representing a total of 81.20% voting control of the company. BothWhite Knight Co. Ltd. and Next Meats Holdings Inc. (NXMH) received 5,000 shares of Series ZPreferred Stock, becoming the largest controlling stockholders of the company. On the samedate, Jeffrey DeNunzio resigned as the CEO, and Koichi Ishizuka was appointed as the CEO ofCatapult Solutions Inc.

Management of Acquirers:

Next Meats (NXMH) started two years ago with only 2 people, and now has 50 employees.Next Meats specializes in the research and development of alternative meat and is rapidlyexpanding in over 9 countries. The company announced collaboration with IKEA on May 20th,2021 and is currently “talking with the CEO of a particular US fast-food chain for a launch”(Vegconomist, 2021). NXMH is currently trading at around $4 (as of September 15th, 2021) with500,000,000 shares outstanding, giving it a market cap of around $2bn.

Ryan Shirai is the CEO of Next Meats. Mr. Shirai quit his job at a major stock brokerage firm atthe age of 26 and founded 3 startups, which were all bought out. He then proceeded to co-foundNext Meats Co. in 2017 with Hideyuki Sasaki. Before founding Next Meats, Mr. Hideyuki Sasakiwas conducting various business operations and assisted major corporations with expansion inJapan.

White Knight Co., Ltd. is a Japan Company owned and controlled by Mr. Koichi Ishizuka, who isalso the CFO of Next Meats (NXMH) and CEO of WB Burgers Asia (WBBA).

Diagram of current CPSL’s ownership:

Catapult Solutions Inc. is now in the accumulating phase, awaiting news and filings in order toidentify the purpose of the shell acquisition (seen below). It must be noted there is a gap to fill ataround $0.025.

Stockscores.com (2021)Due Diligence:

Ryan Shirai, the CEO of Next Meats, posted the following on Twitter in June. These tweets havesince then been deleted, but may indicate that CPSL may play a major role in relation to NextMeats and its future expansion & operations.

Attached is an excerpt from the 8-K current report filed on August 25th for Catapult Solutionsshowing the current business plan of the company. It is noteworthy to mention that the lastsentence might suggest an internal merger, such as with NXMH.

Reasoning for this speculation is the fact that Next Meats Holdings (NXMH) wishes to uplist toNasdaq in the nearest future (Vegconomist, 2021). Some of the major issues include NXMH nothaving any market makers, still being a shell, as well as having less than 1000 shareholdersaccording to OTC Markets. (Otcmarkets.com, 2021). This is not the case with CatapultSolutions, and all these requirements are needed in order to uplist to a bigger exchange such asNYSE or NASDAQ.

The first likely scenario would therefore be a reverse triangular merger which is a type A tax-freereorganization where Next Meats Holdings (NXMH) will merge with Catapult Solutions (Dr.Foods) through its subsidiary Next Meats Co. NMCO (NXMH acquired NMCO as a whollyowned subsidiary on June 9th 2021) , Catapult Solutions (Dr. Foods) could then be used forexpansion or as a parent company. This would explain the Series Z Preferred shares thatrepresent the total voting control of 81.20%, as a triangular merger requires more than 80%.

Another scenario would be that Catapult Solutions (Dr. Foods) becomes its own entity with itsown distribution of alternative meats & products in America. Sitting on a current market cap of$82m, which is fairly low considering previous custodians by V Financial Group and currentowners of Catapult Solutions, NXMH & WBBA, with a market cap of around $2bn and $200m,respectively. It should also be noted Next Meats recently hired a new CEO in September, KokiTerui, for the USA region (LinkedIn, 2021), which may support this scenario.

A third scenario is that the Dr. Foods is only a placeholder until they find a suitable merger andthe super-8K becomes public, as the company’s business plan outlines an acquisition(s) ormerger in the current 8K-report published on August 25th.

At this time, investing in Catapult Solutions Inc. (CPSL) is advisable at these current price levelsdue to the management and current outlook. If CPSL was to reach Next Meats market cap, itwould trade at around $1. Based on past historical data, there is a high chance of 10-50x growthin the share price from these levels. In addition, it should be noted that amended SEC Rule15c-211 goes into effect on September 28th, 2021. This rule will restrict trading on “Pink NoInformation” stocks on the OTC market, this will result in half of all OTC securities not beingtradable. An increased amount of money will therefore flow into securities that are “PinkCurrent”, such as CPSL.

References:

Vegconomist (2021). NEXT MEATS: “We Will Apply To Nasdaq and Aim to Be the Fastest InThe World From Establishment To Becoming Listed”.Retrieved September 17, 2021 fromhttps://vegconomist.com/interviews/next-meats-we-will-apply-to-nasdaq-and-aim-to-be-the-fastest-in-the-world-from-establishment-to-becoming-listed/

Vegconomist (2021). Japan’s Next Meats Collaborates With IKEA For “World’s FirstPlant-Based Japanese Beef Bowl”Retrieved September 17, 2021 fromhttps://vegconomist.com/products-and-launches/japans-next-meats-collaborates-with-ikea-for-worlds-first-plant-based-japanese-beef-bowl/

NXMH (2021). Next Meats HLDGS INC.Retrieved September 17, 2021 fromhttps://www.otcmarkets.com/stock/NXMH/overview

CPSL (2021). Catapult Solutions InRetrieved September 17, 2021 fromhttps://www.otcmkarkets.com/stock/CPSL/overview

Form 8-K August 24 (2021). Current Report Catapult Solutions Inc.Retrieved September 17, 2021 fromhttps://www.sec.gov/Archives/edgar/data/1857910/000159991621000195/form8k_82521out.htm

Form 8-K June 9 (2021). Current Report Next Meats Holdings, Inc.Retrieved September 17, 2021 fromhttps://www.otcmarkets.com/filing/html?id=15020320&guid=YvC9kapzYHw72yh

Edgar (SEC) August 3 (2021). Ishizuka Koichi - STATEMENT OF CHANGES INBENEFICIAL OWNERSHIPRetrieved September 15, 2021 fromhttps://www.sec.gov/Archives/edgar/data/1857910/000159991621000144/xslF345X02/ownership.xml

Edgar (SEC) August 3 (2021). Next Meats Holdings - STATEMENT OF CHANGES INBENEFICIAL OWNERSHIPRetrieved September 15, 2021 fromhttps://www.sec.gov/Archives/edgar/data/1857910/000159991621000143/xslF345X02/ownership.xml

Edgar (SEC) August 3 (2021). White Knight Co, LTD. - STATEMENT OF CHANGES INBENEFICIAL OWNERSHIPRetrieved September 15, 2021 fromhttps://www.sec.gov/Archives/edgar/data/1857910/000159991621000142/xslF345X02/ownership.xml

Microcap Daily (2021). Catapult Solutions Inc. (OTCMKTS: CPSL) Powerful Runner as BlankCheck is Acquired by Tokyo, Based Food-Tech Venture Company Next MeatsRetrieved September 15, 2021 fromhttps://microcapdaily.com/catapult-solutions-inc-otcmkts-cpsl-powerful-runner-as-blank-check-is-acquired-by-tokyo-based-food-tech-venture-company-next-meats/132442/

U.S. Securities and Exchange Commission (2021). SEC Adopts Amendments to EnhanceRetail Investor Protections and Modernize the Rule Governing Quotations for Over-the-CounterSecuritiesRetrieved September 15, 2021 fromhttps://www.sec.gov/news/press-release/2020-212

LinkedIn (2021). Koki Terui.Retrieved September 15, 2021 fromhttps://www.linkedin.com/in/koki-terui-0167711/

Twitter (2021). Ryan ShiraiRetrieved September 15, 2021 fromhttps://twitter.com/ryo_nextmeats?lang=en

Twitter (2021). NextMeatsRetrieved September 15, 2021 fromhttps://twitter.com/nextmeats?lang=en

Stockscores.com (2021). Catapult Solutions Inc.Retrieved September 15, 2021 fromhttps://www.stockscores.com/chart.asp?TickerSymbol=CPSL&TimeRange=180&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=&Band=&avgType1=&movAvg1=&avgType2=&movAvg2=&Indicator1=None&Indicator2=None&Indicator3=None&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen