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Starfleet Innotech, Inc. (SFIO) reported a total consolidated revenue of $25.11 million for 2021, concluding with corporate cash of approximately $2.36 million. The company's gross profits reached $13.99 million, driven by its Food and Beverage division, which contributed 40% of total revenue. SFIO's strategic partnerships and acquisitions resulted in a net margin of 23% and a net income before taxes of $5.87 million. The company plans to hold its first webinar on April 5, 2022, to discuss updates, and is working on restructuring shares to enhance shareholder value.
Starfleet Innotech (OTC: SFIO) has entered a strategic partnership with Australia-based 3D concrete printing startup Luyten. This exclusive agreement will incorporate Luyten's advanced construction technologies in SFIO's real estate developments in the Philippines. The partnership aims to enhance the efficiency of building projects, with Luyten's technology reducing construction waste by 60%, production time by 70%, and labor costs by 80%. Over the next two years, SFIO plans to construct up to 500 low-cost housing units and distribute Luyten's machinery throughout the region.
Starfleet Innotech, Inc. (OTC: SFIO) has announced significant expansions in the food and beverage sector, launching the 'Hungry Dudes' kiosk in Kuala Lumpur, with plans for 100 licensed outlets by 2023. The company opened a regional headquarters in Dubai to enhance market entry and distribute products like Gorgeous Coffee. Their technology division is developing a learning management system to streamline training and facilitate expansion. This system is expected to roll out this year, tapping into the growing e-learning market projected to reach over $370 billion by 2026.
Starfleet Innotech (SFIO) announces the formation of an advisory board to drive its global expansion within its core divisions: Food and Beverage, Real Estate, and Technology. The board features industry veterans such as Roger Oriel, Vince Caruso, Stanley Yang, and Jose Gerardo Noble, who bring extensive expertise across various sectors. This strategic move aligns with SFIO's goal to uplist to Nasdaq within three years, leveraging their collective experiences to bolster communication and innovation. The company aspires to enhance its market presence and operational efficiency, navigating the complexities of a growing conglomerate.
Starfleet Innotech, Inc. (OTC: SFIO) has received a letter of interest from the Export-Import Bank of the United States (EXIM) for potential financing of up to $28.75 million for its real estate projects in Batangas, Philippines. This financing aims to support a medical and retirement resort and an eco-friendly tech village. The financing would have a maximum repayment term of seven years. SFIO is also exploring partnerships with local banks to secure additional non-dilutive debt financing. This aligns with SFIO's strategy to uplist from the OTC Markets to NASDAQ by 2024.
Starfleet Innotech, formerly known as Smokefree Innotec, announced its new name as part of a strategic transformation into a global asset management company. The rebranding reflects its commitment to innovation across Food and Beverage, Real Estate, and Technology. With operations in New Zealand, Australia, and the Philippines and plans for expansion into the U.S. and UAE, SFIO aims to enhance shareholder value through strategic investments in high-growth sectors. The company also has ambitions to uplist to a major stock exchange by 2024.
Starfleet Innotech, Inc. (OTC: SFIO) announced its pending name change from Smokefree Innotec, Inc. This change is part of a broader restructuring strategy aimed at uplisting to Nasdaq within three years. The company is consolidating its Food and Beverage, Real Estate, and Technology divisions to enhance efficiency and expand globally, particularly through its flagship Epiphany Cafe brand. Notable expansion plans include partnerships in the Philippines and Malaysia, along with innovative health and wellness community initiatives supported by digital technologies.
Starfleet Innotech (OTC: SFIO) announced a joint venture to develop a health and wellness community in Puerto Princesa, Palawan. The project spans eight hectares and will feature a beachfront resort, condominiums, and residential subdivisions. Development is set to commence within the year, with completion anticipated by 2024. SFIO aims to enhance its real estate portfolio while focusing on innovation and community well-being, exploring debt financing options to support future growth and plans to uplist to NASDAQ by 2024.
Smokefree Innotec, Inc. (OTC: SFIO) announces its four-year strategic plan aimed at uplisting to a major stock exchange by 2024. The company focuses on innovation through acquisitions and collaborations, particularly in its flagship franchise Epiphany Cafe, which seeks to expand into multiple global markets. SFIO has also improved operations through technology and established a real estate division. The firm aims to streamline operations and enhance shareholder value, while recent developments include removal of shell status and upcoming audited financials.
Starfleet Innotech, Inc. (OTC: SFIO) has announced a partnership with Annapolis Co., Ltd. to distribute premium beverage products across Australia and New Zealand, gearing towards a revenue target of $100 million by the end of 2022. This partnership is expected to generate up to $5 million in revenue from LongBeach products alone. Additionally, SFIO's Gorgeous Coffee Co. will introduce New Zealand Manuka honey and a 5-in-1 Instant Coffee product in the U.S. market, with projected revenues of $1 million and $2 million, respectively. These initiatives align with SFIO's ecosystem strategy for sustainable growth.
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