Item 8.01 Other Events.

The management of Hometown International, Inc., a Nevada corporation (the "Company"), disavows the price of its publicly quoted stock on the OTC Markets under the trading symbol "HWIN." Management is aware of no basis to support the Company's stock price, based upon its revenue or assets.

As reported by the Company in its filings with Securities and Exchange Commission ("SEC"), including its audited financial statements, the Company's location in New Jersey does not generate significant revenues. In April 2020, the Company raised $2,500,000 from several institutional investors and issued warrants to all of the Company's shareholders. Management disclosed that the proceeds from this private placement would be used to seek out other business opportunities, and if approved by the Company's Board of Directors, to engage in a business combination with a private entity whose business presents an opportunity to create value for the Company's shareholders.

The Company's shares have been quoted on the OTC Markets since 2019, and there has not been, nor is there, significant trading volume in the Company's stock. Management consistently files and is current in its public filings with the SEC and intends to maintain its business plan as disclosed in those filings.





Cautionary Statements

This filing includes "forward-looking statements." All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect the Company's operations, financial performance, and other factors as discussed in the Company's filings with the SEC. Among the factors that could cause results to differ materially are those risks discussed in the periodic reports the Company files with the SEC. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading "Risk Factors." The Company does not undertake any duty to update any forward-looking statement except as required by law.


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