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Forza Innovations Inc. Appoints Johnny Ku to Lead International Manufacturing and Logistics

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
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management
Rhea-AI Summary

Forza Innovations Inc. (OTC Pink: FORZ) has appointed Johnny Ku as a Senior International Consultant to enhance its logistics and supply chain capabilities in Asia. Ku brings over 10 years of experience in global sourcing from various industries, significantly benefiting Forza's manufacturing strategy. The company aims to establish a manufacturing agreement with Wenzhou LIPAC Import & Export Co. Ltd., which has a strong reputation and substantial annual import/export business. Upcoming projects include collaboration with Handlelife Inc. to develop a new heavy basketball.

Positive
  • Appointment of Johnny Ku expected to strengthen logistics and supply chain management in Asia.
  • Establishing a partnership with Wenzhou LIPAC, a reputable foreign trade company, which enhances manufacturing capabilities.
  • Collaboration with Handlelife Inc. for developing innovative sports products may drive future revenue growth.
Negative
  • Dependence on Johnny Ku's leadership experience could pose risks if he does not meet expectations.
  • Ongoing travel restrictions might hinder the company's operational efficiency in Asia.

Calgary, Alberta, Jan. 05, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Forza Innovations Inc. (OTC Pink: FORZ) (the “Company”) is pleased to announce the appointment of Johnny Ku as a Senior International Consultant within the international manufacturing and logistics segment of Forza Innovations Inc.

Mr. Ku is joining the company with over 10 years of experience in strategic global sourcing. Johnny began his career working in the family business of home decor and kitchenware (ceramic, metal & glass), later branching into the fashion industry, including shoes, bags, hats and clothing.  Johnny has been doing sourcing, product development and monitoring mass production for a variety of global corporations including Bath & Body Works, Victoria’s Secret, PINK, Peet's Coffee, Starbucks, KITH, Nike, Adidas, Katy Perry, Kate Spade, MLB, Prada, and Alexander Wang.  Currently based in China, Mr. Ku is fluent in both English and Chinese with a strong cultural background in both Asian and North American markets.  Johnny makes the perfect communication bridge when it comes to international import/export business, especially during the pandemic when communication is key to time sensitive successful business transactions.

Johnny Forzani, President and Chief Executive Officer of Forza Innovations, stated, “Bringing in Johnny Ku to lead our logistics and supply chain in Asia is crucial to the growth of Forza. With rapid daily change in the manufacturing and export front overseas, and with ongoing travel restrictions it is imperative that the Company has an in-person presence to work with our overseas partners.”

The Company is currently working towards a manufacturing agreement with China based Wenzhou LIPAC Import & Export Co. Ltd., a specific foreign trade company with long history and outstanding reputation. It has been successively appraised as AAA grade enterprise by the banks for the past five years. Wenzhou LIPAC provides manufacturing and logistics services to more than 40 countries and regions including Hong Kong, United States of America, Japan and Europe.  The annual value of its import and export business exceeds USD $200 million.

“With the addition of Mr. Ku and a working relationship with Wenzhou LIPAC, the Forza team is most effectively equipped to handle overseas logistics; providing streamlined production; competitive pricing; and unmatched quantity and quality control,” said Garrett Morosky, Vice President and Director of Joint Ventures at Forza.

Our next manufacturing project is in the works with Handlelife Inc., the business behind “Handlelife Heavyball”. The heavy basketball created by Johnny “Dribble2much” Stephene was born in search of a way to challenge his NBA clients and help them see faster results in their game. The Forza team is working to develop a Generation 2 Heavyball with added functional technology and unique key features.

Further commenting on the project, Johnny Forzani said, “We are excited and honored for the opportunity to work with Handle Life. We have a clear understanding of Handlelife’s needs and expectations. Garrett and I will be working closely with Johnny Ku and the Manufacturing team at Wenzhou LIPAC over the next couple weeks. Stay tuned for updates!”

About Forza Innovations Inc.

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.

Please refer to the Company's website www.forzainnovates.com.

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

On behalf of the Board,

Forza Innovations Inc.

Johnny Forzani, President & Chief Executive Officer

Forward-Looking Statements

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.


FAQ

What role has Johnny Ku been appointed to at Forza Innovations?

Johnny Ku has been appointed as a Senior International Consultant, focusing on the international manufacturing and logistics segment.

How will Johnny Ku's expertise benefit Forza Innovations?

His extensive experience in global sourcing is expected to improve the company's logistics and supply chain management.

What is the significance of the partnership with Wenzhou LIPAC?

Wenzhou LIPAC is expected to provide manufacturing and logistics services, enhancing Forza's operational capabilities.

What products is Forza Innovations planning to develop with Handlelife Inc.?

Forza is working on a new generation of 'Handlelife Heavyball' which will include advanced functional technology.

FORZA INNOVATIONS INC

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Medical Devices
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United States of America
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