share_log

Forza Innovations Inc. Acquisition of Sustainable Origins

Forza Innovations Inc. Acquisition of Sustainable Origins

Forza Innovation Inc.收购可持续起源公司
GlobeNewswire ·  2022/03/03 09:07

SAN DIEGO, CA, March 03, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Forza Innovations Inc.  (OTC Pink: FORZ) (the "Company") a health-tech wearable innovation company is pleased to announce the successful completion of the previously announced acquisition of Sustainable Origins. 

亚洲网加利福尼亚州圣迭戈2022年3月3日电(Global Newswire)--通过NewMediaWire-Forza Innovation Inc.(场外交易粉色代码:FORZ)(以下简称“公司”),一家健康技术可穿戴创新公司高兴地宣布成功完成了之前宣布的对可持续起源公司的收购。

This notable acquisition is part of Forza Innovations' ongoing strategic plan for future revenue and expansion. From our newly appointed innovation lab in San Diego and growing team we are poised to make this acquisition of Sustainable Origins and optimize the company's current operations to quickly generate steady revenue streams which will help finance the production of our WarmUp products and other innovations that are in development.

这一引人注目的收购是Forza Innovation正在进行的未来收入和扩张战略计划的一部分。通过我们在圣地亚哥新任命的创新实验室和不断壮大的团队,我们准备完成对可持续起源的收购,并优化公司目前的运营,以迅速产生稳定的收入流,这将有助于为我们热身产品的生产和其他正在开发的创新提供资金。

"While our primary focus is the innovation and development of wearable health-tech products, our goal is to strategically acquire innovative business that will contribute to Forza Innovations' overall revenue stream," stated Johnny Forzani, President and CEO of Forza Innovations Inc.  

Forza Innovation Inc.总裁兼首席执行官约翰尼·福尔扎尼(Johnny Forzani)表示:“虽然我们的主要关注点是可穿戴健康科技产品的创新和开发,但我们的目标是战略性地收购创新业务,这些业务将为Forza Innovation的整体收入流做出贡献。”

Forza Innovations Inc. has closed the purchase agreement of a combination of cash and stock to acquire Sustainable Origins, which will operate as a wholly-owned subsidiary of the Company. Assets held by Sustainable Origins are included as part of the purchase. 

Forza创新公司已经完成了以现金和股票相结合的方式收购可持续起源公司的购买协议,可持续起源公司将作为该公司的全资子公司运营。可持续起源公司持有的资产也包括在此次收购中。

Sustainable Origins provides a clean, sustainable, and eco-friendly future through the recycling of used cooking oil collected from restaurants, casinos, sporting arenas and food processing plants. Used Cooking Oil collected is ultimately sold to companies producing Biodiesel, an efficient replacement to dirty fossil fuels for a greener future. 

可持续的起源通过回收从餐馆、赌场、运动场和食品加工厂收集的废弃食用油,提供了一个清洁、可持续和环保的未来。收集的二手食用油最终出售给生产生物柴油的公司,生物柴油是肮脏化石燃料的有效替代品,以实现更环保的未来。

Aloysius Callaghan, Director of Sustainable Origins comments that, "We are excited to work with Forza and expand our business of collections and refinement of renewable fuel inputs. There are numerous partnerships and opportunities that will be executed in the near future that will solidify our foundation and will allow us to transition into other aspects of the renewable fuel space".

可持续原产地董事的阿洛伊修斯·卡拉汉表示:“我们很高兴能与FORZA合作,扩大我们收集和提炼可再生燃料投入的业务。在不久的将来,将会有无数的合作伙伴关系和机会,这些合作和机会将巩固我们的基础,并使我们能够过渡到可再生燃料空间的其他方面。”

Johnny Forzani further stated, "I am excited to announce the first strategic acquisition under the Forza umbrella. Sustainable Origins is a Start-up company in the rapidly emerging Environmental, Social, and Governmental industry. Mr. Callaghan has already made tremendous strides during Sustainable Origins' first year of operations. With this acquisition, the Forza team is able to provide Sustainable Origins with the tools needed to continue building a sustainable, growing business. We are excited to work with this new and impressive company and expand together."

约翰尼·福尔扎尼进一步表示:“我很高兴宣布Forza旗下的第一个战略性收购。可持续起源公司是一家在迅速崛起的环境、社会和政府行业的初创公司。卡拉汉先生在可持续起源公司运营的第一年里已经取得了巨大的进步。通过这次收购,Forza团队能够为可持续起源公司提供持续发展的业务所需的工具。我们很高兴能与这家新的令人印象深刻的公司合作,共同扩展。”

Further information about the acquisition can be found in the Form 8-K that the Company has filed with the SEC on March 3, 2022.

有关此次收购的更多信息可在该公司于2022年3月3日提交给美国证券交易委员会的8-K表格中找到。

About Forza Innovations Inc.

Forza Innovation Inc.简介

The Company is in the health-tech wearable performance business.  The Company has acquired all of the ownership and the rights to certain late, developmental stage, WarmUp products.  WarmUp are cutting edge, innovative, wearable, back compression devices.  The therapeutic application of heat causes a change in temperature of the soft tissues which decreases joint stiffness and relieves inflammation. 

该公司从事的是健康科技可穿戴性能业务。本公司已获得某些后期、发展阶段、热身产品的全部所有权和权利。热身是尖端的、创新的、可穿戴的背部加压设备。热的治疗性应用会引起软组织温度的变化,从而降低关节僵硬,减轻炎症。

Please refer to the Company's website .

请参阅本公司的网站。

For further information please contact the Company at: info@forzainnovates.com  

欲了解更多信息,请联系该公司,电子邮件:info@forzainnovates.com。

On behalf of the Board,

我谨代表董事会,

Forza Innovations Inc. 

Forza Innovation Inc.

Johnny Forzani, President & Chief Executive Officer

约翰尼·福尔扎尼(Johnny Forzani),总裁兼首席执行官

Forward-Looking Statements

前瞻性陈述

Some of the statements contained in this press release constitute forward-looking statements.  Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts, such as statements regarding the closing of the exchange agreements and expected reduction in our total outstanding debt and annual interest payments.  In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "outlook," "potential" or the negative of these terms or other comparable terminology.  The forward-looking statements contained in this press release reflect our current views about future events and are subject to risks, uncertainties, assumptions, and changes in circumstances that may cause events or our actual activities or results to differ significantly from those expressed in any forward-looking statement.  Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, actions, activity levels, performance, or achievements.  Readers are cautioned not to place undue reliance on these forward-looking statements.  We discuss many of these risks in greater detail under the heading "Risk Factors" in the quarterly and annual reports filed with the Securities and Exchange Commission (SEC).  The forward-looking statements contained in this press release reflect our views and assumptions only as of the date of this press release. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

本新闻稿中包含的一些陈述属于前瞻性陈述。前瞻性陈述涉及预期、信念、预测、未来计划和战略、预期事件或趋势,以及与非历史事实有关的类似表述,例如有关交换协议的结束以及我们的未偿债务总额和年度利息支付预期减少的陈述。在许多情况下,您可以通过“可能”、“将会”、“应该”、“预期”、“计划”、“预期”、“相信”、“估计”、“预测”、“展望”、“潜在”或这些术语或其他类似术语的负面意义来识别前瞻性陈述。本新闻稿中包含的前瞻性陈述反映了我们目前对未来事件的看法,受风险、不确定性、假设和环境变化的影响,这些风险、不确定性、假设和环境变化可能导致事件或我们的实际活动或结果与任何前瞻性陈述中表达的大不相同。虽然我们相信前瞻性陈述中反映的预期是合理的,但我们不能保证未来的事件、结果、行动、活动水平、业绩或成就。提醒读者不要过度依赖这些前瞻性陈述。在提交给美国证券交易委员会(美国证券交易委员会)的季度和年度报告中,我们在“风险因素”的标题下更详细地讨论了其中的许多风险。本新闻稿中包含的前瞻性陈述仅反映了截至本新闻稿发布之日我们的观点和假设。我们没有义务更新任何前瞻性陈述,以反映该陈述发表之日之后的事件或情况,或反映意外事件的发生。


声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
    抢沙发