AllStar Health Brands Inc., (ALST) and TPT Global Tech Inc. (TPTW) Announce Expanding Partnership for the Sales & Marketing of QuikLAB Rapid Covid-19 Testing Lab Modules

Rhea-AI Summary

AllStar Health Brands Inc. (OTC PINK:ALST) has expanded its distribution partnership with TPT Global Tech to include Canada and the US, augmenting their existing agreement for Mexico and Latin America. This collaboration aims to enhance the availability of QuikLAB testing modules for Covid-19, capable of performing up to 50 tests per hour. With a shared commitment to providing rapid testing solutions, AllStar plans to offer FDA-approved antibody and PCR tests to facilitate quick results for better health management during the pandemic.

Positive

• Expansion of distribution agreement to include Canada and the US, enhancing market reach.
• QuikLAB testing modules can conduct up to 50 tests/hour, improving testing capacity.
• Plans to offer FDA-approved rapid Covid-19 antibody and PCR tests.

Negative

• None.

MIAMI, FL / ACCESSWIRE / August 26, 2020 / AllStar Health Brands Inc. (OTC PINK:ALST) a specialty pharmaceutical and nutritional supplements company and TPT Global Tech a technology and solutions company are pleased to announce signing a Non Exclusive Distribution Agreement for Canada and US to add to the existing Non-Exclusive Distribution Agreement for Mexico and other Latin American countries.

"We are very pleased to announce the expansion of our initial non-exclusive partnership agreement to now include Canada and the US. AllStar Health Brands' goal is to work with TPT Medtech for both the geographic expansion of the QuikLAB modules within the US and Canada and also offer the best testing technologies within the QuikLAB modules. Both companies have a shared vision to make one-stop, mass testing for Covid-19, a near-term reality in the Americas," stated Dr. Daniel Bagi, President of AllStar.

AllStar believes that given the high Covid-19 infection rates around the world, and the ability to set up the QuikLAB testing modules at almost any location, the QuikLAB option may be part of the solution in combating the effects of this pandemic.

The QuikLAB testing modules offer a fast, complete testing option, at a rapid throughput, - up to 50 tests/hour, using either the PCR or antibody tests or both currently available on the market. The goal is to provide results within minutes to a few short hours, so appropriate treatment or isolation protocols can be recommended based on the results of the testing."

AllStar plans to provide several options for FDA, EUA-approved rapid Covid-19 anti-body tests, and PCR tests for the TPT Medtech QuikLab modules.

About AllStar Health Brands Inc.:

AllStar Health Brands Inc. is a Nevada Corporation established in 2017, and headquartered in Miami, Florida. AllStar is a specialty Health Care Products Company dedicated to improving health and quality of life by offering select products, including medical devices, nutritional supplements, over the counter remedies and medicines all across the Americas and Europe. AllStar's goal is to bring additional products to the market and provide new, innovative options for better health and wellbeing.

For more information, please contact Investor Relations at (305) 423 7028.

About TPT Global Tech Inc:

TPT Global Tech Inc. (TPTW), based in San Diego, California, is a technology-based company with divisions providing telecommunications, medical technology, and product distribution, media content for domestic and international syndication as well as technology solutions. TPT Global Tech offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS). It offers carrier-grade performance and support for businesses over its private IP MPLS fiber and wireless network in the United States. TPT's cloud-based UCaaS services allow businesses of any size to enjoy all the latest voice, data, media, and collaboration features in today's global technology markets. TPT Global Tech also operates as a Master Distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO) as a Master Distributor for Pre-Paid Cellphone services, Mobile phones Cellphone Accessories and Global Roaming Cellphones.

Safe Harbor Statement
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties, and assumptions, including the risks and uncertainties, noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing, and general economic risks and uncertainties.

SOURCE: Allstar Health Brands, Inc.

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FAQ

What is the recent announcement from AllStar Health Brands Inc. regarding ALST?

AllStar Health Brands Inc. announced an expanded distribution agreement with TPT Global Tech to include Canada and the US, enhancing their existing partnership for Latin America.

What are QuikLAB testing modules and their capabilities?

QuikLAB testing modules can perform up to 50 Covid-19 tests per hour, offering rapid results via PCR or antibody tests.

How does AllStar Health Brands plan to address Covid-19 testing?

AllStar plans to provide FDA-approved rapid Covid-19 antibody and PCR tests through the QuikLAB modules as part of its strategy to enhance public health response.

What is the significance of the distribution agreement for AllStar Health Brands?

The distribution agreement is significant as it expands AllStar's geographical reach and increases the availability of testing solutions amidst high Covid-19 infection rates.