Forza Innovations Inc. Signs Letter of Intent with Denver Dumpster LLC

Rhea-AI Summary

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.

Positive

• Strategic acquisition of Denver Dumpster for expanding market reach.
• Denver Dumpster's rapid growth and established contracts enhance revenue potential.
• Integration with Forza's other subsidiaries may create synergies and operational efficiencies.

Negative

• None.

SAN DIEGO, CA / ACCESSWIRE / December 21, 2022 / Forza Innovations Inc. ("Forza" or the "Company") (OTC PINK:FORZ) today announces that it has signed a Letter of Intent with Denver Dumpster LLC ("Denver Dumpster") of Iron Station, North Carolina. Forza will incorporate a new wholly-owned subsidiary in the State of North Carolina ("NewCo") and fund the initial working capital needs of NewCo. Denver Dumpster will transfer its assets and business contracts to the NewCo. Further details of will be set forth in a Formal Agreement to be entered into in the coming weeks.

Denver Dumpster is Charlotte's fastest growing roll-off dumpster and waste hauling company and was founded by Air Force Veteran Bradley Robinson. Bradley has over 25 years of hands-on experience in the waste & recycling industry. This start-up company was launched in the midst of the pandemic and in less than 2 years has gone from servicing one general contractor to now servicing a wide variety of customers to include residential and commercial accounts, including numerous multi-year contracts with several national home builders to handle all of their new construction waste.

By vertically integrating with Forza and it's other wholly owned subsidiary Sustainable Origins it will give Denver Dumpster the resources necessary to rapidly expand its business. Bradley will transition into a Senior Leadership role at Forza to focus on business growth for all business sectors.

Johnny Forzani, President of Forza comments, "Acquiring Denver Dumpster is one of the final steps in propelling our company to the next level. Over the last year we have been steadily growing our oil collection business, while simultaneously looking for new possible revenue streams that are synergistic with our core. A prime example is our newly completed and operational fabrication shop which ultimately, will go hand and hand with this latest acquisition."

ABOUT FORZA INNOVATIONS

Forza Innovations Inc. (OTC Pink: FORZ), is in the health-tech wearable performance business. Its offices are based in San Diego, California and houses an innovative health-tech lab, stocked with state-of-the-art industrial machinery that specializes in the design and development of patented IP. Our focus at Forza is to create world-class IP and patent our products through both utility and design protection.

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

CONTACT: Johnny Forzani
EMAIL: info@forzinnovations.com

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.

SOURCE: FORZA INNOVATIONS INC.

View source version on accesswire.com:
https://www.accesswire.com/732726/Forza-Innovations-Inc-Signs-Letter-of-Intent-with-Denver-Dumpster-LLC

FAQ

What is the recent development for Forza Innovations Inc. involving Denver Dumpster LLC?

Forza Innovations has signed a Letter of Intent to acquire Denver Dumpster LLC, facilitating the creation of a new subsidiary in North Carolina.

What is Denver Dumpster LLC known for?

Denver Dumpster LLC is recognized as Charlotte's fastest-growing roll-off dumpster and waste hauling company, having expanded rapidly since its inception.

How will the acquisition of Denver Dumpster impact Forza Innovations' business strategy?

The acquisition is expected to enhance Forza's revenue streams by integrating Denver Dumpster's resources and contracts into its operations.

Who will lead the newly formed company after the acquisition?

Bradley Robinson, founder of Denver Dumpster, will assume a senior leadership role at Forza to drive business growth across all sectors.

What is the significance of the new subsidiary for Forza Innovations?

The new subsidiary will allow Forza to expand its operations and leverage Denver Dumpster's existing contracts, enhancing overall business growth.