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Forza Innovations Inc. Acquisition of Sustainable Origins

Forza Innovations Inc. Acquisition of Sustainable Origins

Forza Innovation Inc.收購可持續起源公司
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. 

亞洲網加利福尼亞州聖迭戈2022年3月3日電(Global Newswire)--通過NewMediaWire-Forza Innovation Inc.(場外交易粉色代碼:FORZ)(以下簡稱“公司”),一家健康技術可穿戴創新公司高興地宣佈成功完成了之前宣佈的對可持續起源公司的收購。

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.

這一引人注目的收購是Forza Innovation正在進行的未來收入和擴張戰略計劃的一部分。通過我們在聖地亞哥新任命的創新實驗室和不斷壯大的團隊,我們準備完成對可持續起源的收購,並優化公司目前的運營,以迅速產生穩定的收入流,這將有助於為我們熱身產品的生產和其他正在開發的創新提供資金。

"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.總裁兼首席執行官約翰尼·福爾扎尼(Johnny Forzani)表示:“雖然我們的主要關注點是可穿戴健康科技產品的創新和開發,但我們的目標是戰略性地收購創新業務,這些業務將為Forza Innovation的整體收入流做出貢獻。”

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創新公司已經完成了以現金和股票相結合的方式收購可持續起源公司的購買協議,可持續起源公司將作為該公司的全資子公司運營。可持續起源公司持有的資產也包括在此次收購中。

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. 

可持續的起源通過回收從餐館、賭場、運動場和食品加工廠收集的廢棄食用油,提供了一個清潔、可持續和環保的未來。收集的二手食用油最終出售給生產生物柴油的公司,生物柴油是骯髒化石燃料的有效替代品,以實現更環保的未來。

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".

可持續原產地董事的阿洛伊修斯·卡拉漢表示:“我們很高興能與FORZA合作,擴大我們收集和提煉可再生燃料投入的業務。在不久的將來,將會有無數的合作伙伴關係和機會,這些合作和機會將鞏固我們的基礎,並使我們能夠過渡到可再生燃料空間的其他方面。”

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."

約翰尼·福爾扎尼進一步表示:“我很高興宣佈Forza旗下的第一個戰略性收購。可持續起源公司是一家在迅速崛起的環境、社會和政府行業的初創公司。卡拉漢先生在可持續起源公司運營的第一年裏已經取得了巨大的進步。通過這次收購,Forza團隊能夠為可持續起源公司提供持續發展的業務所需的工具。我們很高興能與這家新的令人印象深刻的公司合作,共同擴展。”

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.

有關此次收購的更多信息可在該公司於2022年3月3日提交給美國證券交易委員會的8-K表格中找到。

About Forza Innovations Inc.

Forza Innovation Inc.簡介

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. 

該公司從事的是健康科技可穿戴性能業務。本公司已獲得某些後期、發展階段、熱身產品的全部所有權和權利。熱身是尖端的、創新的、可穿戴的背部加壓設備。熱的治療性應用會引起軟組織温度的變化,從而降低關節僵硬,減輕炎症。

Please refer to the Company's website .

請參閲本公司的網站。

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

欲瞭解更多信息,請聯繫該公司,電子郵件:info@forzainnovates.com。

On behalf of the Board,

我謹代表董事會,

Forza Innovations Inc. 

Forza Innovation Inc.

Johnny Forzani, President & Chief Executive Officer

約翰尼·福爾扎尼(Johnny Forzani),總裁兼首席執行官

Forward-Looking Statements

前瞻性陳述

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.

本新聞稿中包含的一些陳述屬於前瞻性陳述。前瞻性陳述涉及預期、信念、預測、未來計劃和戰略、預期事件或趨勢,以及與非歷史事實有關的類似表述,例如有關交換協議的結束以及我們的未償債務總額和年度利息支付預期減少的陳述。在許多情況下,您可以通過“可能”、“將會”、“應該”、“預期”、“計劃”、“預期”、“相信”、“估計”、“預測”、“展望”、“潛在”或這些術語或其他類似術語的負面意義來識別前瞻性陳述。本新聞稿中包含的前瞻性陳述反映了我們目前對未來事件的看法,受風險、不確定性、假設和環境變化的影響,這些風險、不確定性、假設和環境變化可能導致事件或我們的實際活動或結果與任何前瞻性陳述中表達的大不相同。雖然我們相信前瞻性陳述中反映的預期是合理的,但我們不能保證未來的事件、結果、行動、活動水平、業績或成就。提醒讀者不要過度依賴這些前瞻性陳述。在提交給美國證券交易委員會(美國證券交易委員會)的季度和年度報告中,我們在“風險因素”的標題下更詳細地討論了其中的許多風險。本新聞稿中包含的前瞻性陳述僅反映了截至本新聞稿發佈之日我們的觀點和假設。我們沒有義務更新任何前瞻性陳述,以反映該陳述發表之日之後的事件或情況,或反映意外事件的發生。


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