Sunstock, Inc. Targets Opioid Crisis with Hotel to Rehab Center Acquisition; Continues Goal of Increasing Physical Silver Holdings

SACRAMENTO, CA, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Sunstock, Inc. (the "Company" or "Sunstock") (OTCBB: SSOK) has purchased a 100 room hotel located in Kern County, California for $4,100,000. Sunstock has entered into contract to purchase this hotel, has opened escrow and is scheduled to close by January 12, 2018.

The management team, with over 20 years of hospitality industry experience, has identified a distinct need for clean, safe and affordable rehabilitation housing facilities. After purchasing the hotel, Sunstock plans to convert it in phases over a one year period to a no-frills rehabilitation housing facility that will provide a clean, safe room and transportation to clients enrolled in a substance abuse treatment program. During the conversion phase, Sunstock intends to simultaneously operate as a hotel, generating an estimated $700,000 in gross revenue.

Sunstock forecasts that the no-frills rehabilitation housing facility will generate over $10 million in gross revenue in the first 12 months of operation and over $20 million in gross revenue in the second 12 months, and thereafter.

Sunstock believes that these revenue predictions are sustainable and will prove to be a successful pilot project. Management plans to bring additional no-frills rehabilitation housing facilities to the California market and eventually expand nationally.

Sunstock set to complete its goal of acquiring over 125,000 ounces of physical silver by middle 2018. Sunstock believes that this precious metal is currently undervalued, and it is a strategic time to purchase more silver. Sunstock currently holds over 45,000 ounces of silver.

Sunstock’s business strategy combines income producing real estate properties with investments in precious metals.

Safe Harbor Statement

Certain statements contained in this press release may be construed as "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue, our ability to develop new products and evolve existing ones. For a more complete description of these and other risk factors that may affect the future performance of Sunstock, Inc., see "Risk Factors" in the filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contact: Jason Chang, CEO Sunstock, Inc. (916) 860-9622 enquiry@sunstockinc.com www.sunstockinc.com

Source:Sunstock, Inc.