Forza Innovations Inc. Signs Letter of Intent to Acquire Sustainable Origins
Forza Innovations Inc. (OTC Pink: FORZ) announced the signing of a letter of intent on December 8, 2021, to acquire Sustainable Origins, a company focused on recycling used cooking oil for biodiesel production. This acquisition aims to create steady revenue streams to support Forza's development and marketing of its WarmUp products. Johnny Forzani, President and CEO, emphasized the strategic importance of this move for future revenue growth and environmental sustainability. Sustainable Origins is seen as a business with substantial growth potential in the renewable energy sector.
- Acquisition of Sustainable Origins aims to create steady revenue streams.
- Strategic entry into the growing biodiesel production market.
- Potential immediate growth opportunities for Sustainable Origins.
- Alignment with environmental sustainability initiatives.
- None.
Calgary, Alberta, Dec. 10, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Forza Innovations Inc. (OTC Pink: FORZ) (the “Company”) is pleased to announce that it has signed a letter of intent to acquire Sustainable Origins on December 8, 2021.
Based in Charlotte, North Carolina, Sustainable Origins is committed to the effort to provide a clean, sustainable, and eco-friendly future through the recycling of used cooking oil. Although Forza Innovations is in the health-tech wearable performance business we are very interested in this business opportunity to acquire a company with current operations to quickly generate steady revenue streams which will help finance the production of our WarmUp products and bring them to market.
“The goal at the end of the day is to generate a profit and position the company to be self-sufficient with steady revenues. Calculated acquisitions are one of the pathways public companies are able to engender diversified sales channels. Part of the innovation process is understanding what we need to reach company goals, and finding talent that fits with our vision is key to Forza’s overall operations and future success,” stated Johnny Forzani, President and CEO of Forza Innovations Inc.
Per the terms of the LOI the potential acquisition will be executed by Forza Innovations acquiring
For both economic and environmental reasons, implementing used cooking oils (UCO) for biodiesel production has gained a significant amount of consideration within the world of fuel production. Biofuel, while not necessarily a new discovery, is one of the most important renewable energy sources in the world right now. Used Cooking Oil is ultimately sold to companies producing Biodiesel, an efficient replacement to dirty fossil fuels. This helps the UN’s Climate initiatives of a greener future and reduces waste. Sustainable Origins is a rapidly expanding business built on the principle that proactive solutions made today, can have an invaluable impact on our quality of life tomorrow.
Johnny Forzani, President and CEO of Forza Innovations Inc., comments that, “We believe that strategic acquisitions with significant growth opportunities will be instrumental to Forza Innovations’ future revenue and expansion. We are thrilled to jump into this field and fill a gap to help meet the world’s growing demand for lower-carbon, sustainable fuels. Sustainable Origins is an environmentally focused company with massive potential for immediate growth. We are excited to explore future possibilities.”
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
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