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Forza Innovations Inc. (OTC PINK: FORZ) has filed an Expedited Non-Provisional Patent for its redesigned Heated Back Warmer Device with the USPTO, aiming for examination completion within 12 months. This filing marks a significant milestone for the company. President Johnny Forzani highlighted the extensive effort in product development, emphasizing its potential in health clinics across North America. The company plans to move forward to obtain FDA approval for the device as a class 1 medical product aimed at treating chronic back pain, with plans to develop various versions of the device.
Forza Innovations Inc. (OTC PINK:FORZ) has signed a Letter of Intent with Denver Dumpster LLC, aiming to establish a new subsidiary based in North Carolina. The partnership will allow Denver Dumpster, a rapidly growing waste management company, to transfer its assets to the new entity, which Forza will fund. This strategic move is expected to facilitate business expansion and integrate resources across Forza’s subsidiaries. Bradley Robinson, founder of Denver Dumpster, will transition to a leadership role within Forza as part of this initiative.
Sustainable Origins Inc., a subsidiary of Forza Innovations (OTC PINK:FORZ), is negotiating a contract with JetBridge America to manufacture aviation components, including bridges and pantographs, expected to begin in 2023. The aviation components market is valued at $211 billion in the U.S. and is experiencing a growth rate of 16.4% in 2022. The newly established metal fabrication shop aims to diversify revenue streams beyond cooking oil recycling, planning to launch several product lines by December 3, 2022.
Forza Innovations Inc. (OTC PINK:FORZ) has been accepted by Amazon Seller Central to list its products, aiming to leverage Amazon's extensive reach and logistics. This partnership is expected to enhance Forza's distribution capabilities and profitability as it taps into the vast Amazon marketplace, which serves over 200 million Prime members. The company's leadership, including President Johnny Forzani and Vice President Garrett Morosky, intends to utilize their marketing expertise to optimize their visibility on Amazon. This represents a significant step in Forza's sales strategy.
Forza Innovations (OTC PINK:FORZ) announced that Vice President Garrett Morosky is in discussions with television networks to create a reality TV show centered on the company’s entrepreneurial journey. Morosky, known for his role on HBO Max's FBOY Island, aims to rebrand his image while showcasing the efforts to elevate Forza from a penny stock to the NASDAQ. The show will follow Morosky and founder Johnny Forzani, highlighting their business ventures, IP development, and personal lives, ultimately serving as a platform to attract investors and expand the company's audience.
Sustainable Origins Inc., a subsidiary of Forza Innovations Inc. (OTC PINK: FORZ), is set to open its new steel tank fabrication facility on December 3, 2022. The shop is projected to produce 2-3 tanks weekly, generating initial revenues of $15,000 to $20,000 per week, with monthly revenues expected to reach six figures when fully operational. Travis Drake, with over 25 years of experience, leads the fabrication team, aiming to streamline operations and enhance revenue streams. Forza Innovations continues to pursue growth, positioning itself as a contender in the market.
Forza Innovations Inc. (OTC Pink:FORZ) has completed a new funding round, raising $250,000, primarily for its subsidiary, Sustainable Origins. This funding aims to enhance operations and foster partnerships in the biodiesel sector. CEO Johnny Forzani highlighted the steady growth attributed to Sustainable Origins, noting the capital boost will enhance profitability. Forza's visit to the subsidiary's North Carolina operations is expected to result in significant advancements. Full details can be found in the Form 8-K filed with the SEC on September 29, 2022.
Forza Innovations Inc. (OTC PINK:FORZ) announced the launch of new larger steel storage tanks by its subsidiary, Sustainable Origins. These tanks, designed for storing used cooking oil, enable the company to sign larger accounts, targeting supermarkets and commercial kitchens. An agreement with a chain of 20 Popeyes Chicken restaurants aims to test proof of concept for future expansion. Additionally, the company is negotiating a partnership with TankDepot for nationwide distribution and is expanding its sales force and logistics capabilities to enhance operations in the Charlotte area.
Forza Innovations (OTC Pink: FORZ) announced the retention of patent attorney Jeffrey Finn to advance their patent application for WarmUp therapeutic devices. This process aims to enable entry into the global back pain market, valued over $7 billion in 2019 and expected to exceed $10 billion by 2026. The company plans to file a utility and design patent for a new wearable heated back brace, targeting FDA approval as a Class 1 medical device within 4-6 months. CEO Johnny Forzani emphasized the commitment to assist both elite athletes and individuals suffering from chronic back pain.
Forza Innovations Inc. (OTC Pink: FORZ) has announced progress on redesigning its WarmUp product line, including the J4 Sport and J4X wearable heating devices. This update aims to enhance product functionality, style, and manufacturing processes. The company will file for FDA approval for the J4X, which has potential in the medical field. By localizing its supply chain in San Diego, Forza aims to improve product quality and delivery times. The Innovation Lab is expanding with skilled personnel and new equipment to deliver innovative textile elements.