Soupman, Inc. Announces Financial Results for Fiscal Year Ending August 31, 2015

NEW YORK, Dec. 15, 2015, SOUP, (GLOBE NEWSWIRE) Soupman, Inc. (OTCQB:SOUP), makers of the best-tasting soup in the world, today announced financial results for the twelve months ending August 31, 2015. Highlights of fiscal 2015: Cash position increase of $0.6 million Total liability decrease of $2.2 million Operating expense reduction of $1.9 million Operating loss reduction of $1.8 million “Soupman has made significant progress since my appointment as Chairman and CEO this past summer. We have focused on decreasing liabilities and concurrently, increasing revenues by expanding our distribution channels and product assortment,” said Jamieson Karson, CEO of Soupman, Inc. “Additionally, after August 31, 2015 we have restructured all of our senior debt and have further reduced our overall liabilities by another $1.3 million, which shall be reflected in our next quarterly filing.” “As we move forward, we intend to reduce liabilities and expand our product line and distribution c
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