Market Overview

Level Brands Reports Preliminary Q3 Fiscal 2018 Net Sales of $3.0 Million to $3.2 Million


Preliminary Year-over-Year Quarterly Total Net Sales Expected
Increase of 68%-79%

Level Brands, Inc. (NYSE:LEVB), an innovative licensing and
brand management company that provides bold, unconventional, and
socially responsible branding for leading businesses, today announced
preliminary third quarter fiscal 2018 total net sales are estimated to
be between $3.0 million and $3.2 million, a year-over-year increase of
68%-79%, with operating income before taxes of $500,000 to $600,000,
compared to an operating loss before taxes of $178,000 in the year-ago
period. Third quarter fiscal 2018 anticipated results are preliminary
and based on the most current information available and are subject to
completion of the condensed consolidated financial statements for the
third quarter of fiscal 2018, which are to be filed with the SEC no
later than August 14, 2018.

"Our anticipated results for the third quarter reflect the strong
foundation that we've laid and the strength of our team," stated Martin
A. Sumichrast, Chairman and CEO of Level Brands. "Looking ahead, we
expect a strong finish to the year, and an even stronger performance in
2019 as royalty streams from many of the licensing and brand management
agreements signed in recent months begin to grow. With the benefit of
low overhead and no inventory, creating highly attractive margins, we
anticipate strong bottom line results both in the near-term and beyond."

The preliminary financial information has been prepared internally by
management and has not been reviewed or audited by our independent
registered public accounting firm. There can be no assurance that actual
results for the period presented herein will not differ from the
preliminary financial information presented herein and such changes
could be material. This preliminary financial data should not be viewed
as a substitute for full financial statements prepared in accordance
with GAAP and is not necessarily indicative of the results to be
achieved for any future period.

About Level Brands, Inc. (

Level Brands is an innovative marketing and licensing company that
provides bold, unconventional, and socially responsible branding for
leading businesses. The focus of LEVB is licensing and corporate brand
management for consumer products, including art, beauty, fashion, the
beverage space, health and wellness, and entertainment. License brand
marketing is at the core of the Level Brands businesses: kathy ireland®
Health & Wellness; Ireland Men One (I'M1), a men's lifestyle brand
established to capitalize on potentially lucrative licensing and
co-branding opportunities with brands focused on millennials; Encore
Endeavor One (EE1), a provider of corporate brand-management services
and producer of experiential entertainment events and products across
multiple platforms.

Forward-Looking Statements

This press release contains certain forward-looking statements that are
based upon current expectations and involve certain risks and
uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Such forward-looking statements can be
identified by the use of words such as "should," "may," "intends,"
"anticipates," "believes," "estimates," "projects," "forecasts,"
"expects," "plans," and "proposes." These forward-looking statements are
not guarantees of future performance and are subject to risks,
uncertainties, and other factors, some of which are beyond our control
and difficult to predict and could cause actual results to differ
materially from those expressed or forecasted in the forward-looking
statements, including, without limitation, statements made with respect
to our actual financial results for the third quarter of fiscal 2018 and
the nine months ended June 30, 2018, to be contained in our Quarterly
Report on Form 10-Q to be filed with the SEC, our material dependence on
our relationship with kathy ireland® Worldwide, our limited operating
history, our ability to expand our business and significantly increase
our revenues and our ability to report profitable operations in future
periods, among others. You are urged to carefully review and consider
any cautionary statements and other disclosures, including the
statements made under the heading "Risk Factors" in Level Brands, Inc.'s
Annual Report on Form 10-K for the fiscal year ended September 30, 2017,
as filed with the Securities and Exchange Commission (the "SEC") on
December 26, 2017, and our other filings with the SEC. All
forward-looking statements involve significant risks and uncertainties
that could cause actual results to differ materially from those in the
forward-looking statements, many of which are generally outside the
control of Inuvo and are difficult to predict. Level Brands, Inc. does
not undertake any duty to update any forward-looking statements except
as may be required by law.

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