Bio Lab Naturals, Inc.'s Subsidiary Signs Exclusive Distribution Agreement

Rhea-AI Summary

Bio Lab Naturals (OTCQB:BLAB) announced a significant development on November 13, 2020, through its subsidiary, Prime Time Live, Inc. (PTL). PTL signed an Exclusive Distribution Agreement with Insane Impact, LLC, enabling PTL to distribute Insane Impact products effectively across the U.S. The partnership allows PTL to leverage Insane Impact's extensive network, significantly reducing capital expenditures while enhancing its marketing strategies. The agreement aims to boost exposure for PTL's 30' x 18' LED screen, driving broader market reach.

Positive

• Exclusive Distribution Agreement with Insane Impact enhances market reach for PTL products.
• Partnership reduces capital expenditure on equipment and overhead, allowing focus on marketing.
• Increased exposure for PTL's 30' x 18' LED screen through Insane Impact's marketing channels.

Negative

• None.

GREENWOOD VILLAGE, CO / ACCESSWIRE / November 18, 2020 / Bio Lab Naturals, Inc. ("BLAB" or the "Company") (OTCQB:BLAB) announces today that its subsidiary, Prime Time Live, Inc. ("PTL") signed an Exclusive Distribution Agreement on November 13, 2020 with Insane Impact, LLC ("Insane Impact"), an Iowa limited liability company, to act as Insane Impact's exclusive distributor of Insane Impact Products. Insane Impact shall provide leads of LED screens for PTL sales and rentals to its customers.

Management Commentary
"This is a major day for our Company as we are now able to scale much faster and larger than expected. By using Insane Impact's extensive network, our Company is able to provide screens anywhere in the U.S. without spending the majority of our capital on equipment and overhead. Instead, our Company can now focus our resources on perfecting the marketing and broker model for these LED screens to a broader market. Another part of this Agreement that I am excited about is having Insane Impact's strong marketing capabilities to promote our 30' x 18' LED screen through their different channels. This will lead to more exposure for PTL," said Darrell Avey, CFO.

About Bio Lab Naturals, Inc.
Operating primarily through our subsidiary, Prime Time Live, Inc., is a Denver, CO based company that specializes in providing clients with high resolution mobile LED screens for entertainment, corporate, civic and sporting events. Our main operations are derived from our 30' x 18' LED mobile video display. This display is mounted in a 53 ft. trailer with an accompanying MQ Whisper Watt generator that can power the LED screen for 50 hours, and therefore, provides our clients with true portability. We also have an 8' x 5' mobile LED screen that is towed by a mid-size SUV. The 30' x 18' screen has a lifetime use of 50,000 hours of which 2,500 hours have been used and the 8' x 5' mobile LED screen is new with no hours.

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There is no assurance that such statements will prove to be accurate, and actual results and future events could differ materially. Bio Lab Naturals, Inc. undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.

Contact:
Bio Lab Naturals, Inc.
7400 E. Crestline Circle, Suite 130, Greenwood Village, CO 80111
(720) 273-0433
Website: https://primetimeliveevents.com/

SOURCE: Bio Lab Naturals, Inc.

View source version on accesswire.com:
https://www.accesswire.com/617231/Bio-Lab-Naturals-Incs-Subsidiary-Signs-Exclusive-Distribution-Agreement

FAQ

What is the Exclusive Distribution Agreement signed by BLAB on November 13, 2020?

BLAB's subsidiary, Prime Time Live, Inc., signed an Exclusive Distribution Agreement with Insane Impact, allowing PTL to distribute Insane Impact products in the U.S.

How will the agreement with Insane Impact benefit BLAB?

The agreement will enable BLAB to scale operations more efficiently, reduce capital expenditures, and enhance marketing efforts for their LED screens.

What products are involved in the BLAB and Insane Impact agreement?

The agreement involves the distribution of LED screens and associated products from Insane Impact through Prime Time Live.

How does the agreement affect BLAB's marketing strategy?

The partnership allows BLAB to leverage Insane Impact's marketing capabilities to promote its 30' x 18' LED screen more effectively.