On May 11, 2017, Honeycrest Holdings, Ltd. (“Honeycrest”) filed a complaint against Swisher Hygiene Inc. (the “Company”), Integrated Brands, Inc. (“Integrated”), 7624026 Canada Inc. (“762”), and John and Jane Does #1 through #99 in the Supreme Court of the State of New York, Queens County (the “2017 Complaint”).

As noted in the Company’s prior public filings, Honeycrest has been involved in litigation against Integrated, a subsidiary of the Company, since March 1998. A similar case was filed against Integrated and Coolbrands International, Inc. (“Coolbrands”), the predecessor to the Company, in November 2001. In this latter action, an amended complaint was filed in October 2016 that substituted the Company for Coolbrands. Both of these cases (the “Initial Litigation”), concern alleged breaches by the parties of a license agreement entered into in 1990 between Honeycrest and a predecessor to Integrated permitting Honeycrest to sell certain ice cream products in the United Kingdom.

In addition to defendants named in the Initial Litigation, Honeycrest’s 2017 Complaint adds 762, a subsidiary of the Company, and unnamed individuals. This case asserts causes of action against all defendants for alleged fraudulent conveyance of assets from Integrated to Coolbrands, and the unjust enrichment of the defendants as a result of the alleged fraudulent conveyances. Plaintiff seeks judgment against the defendants and any subsequent transferee for, inter alia, “money damages to the extent its claims against Integrated and [the Company] are not satisfied” and for attorneys’ fees and costs.

The Company and its subsidiary defendants believe that the Initial Litigation and the newly filed 2017 Complaint are without merit and will vigorously defend against these matters. The costs of defending these matters, and an adverse judgement, if any, against the company defendants, will reduce assets that could otherwise be available for distribution to the Company’s stockholders. At the present time the Company believes there is no basis for adjusting the liability amounts accrued in its December 31, 2016 Consolidated Financial Statements included in the report on Form 8-k, filed with the Securities and Exchange Commission on April 12, 2017, as a result of the newly filed 2017 Complaint.

About SWISHER HYGIENE INC. (OTCMKTS:SWSH)

Swisher Hygiene Inc. is a shell company. The Company has no operating assets. The Company has no revenue producing business or operations. The Company was engaged in hygiene and sanitizing solutions that included cleaning and sanitizing chemicals, restroom hygiene programs, and a range of related products and services throughout North America and internationally.

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