Suntex Enterprises, Inc. Finalizes Acquisition

Rhea-AI Summary

On July 9, 2021, Suntex Enterprises (SNTX) announced its acquisition of Beauty Supply by Design, a California-based CBD-infused hair care company. This acquisition allows Suntex to expand its product offerings and leverage its subsidiary, Budding Botanicals, for product redesign and marketing. The rebranding aims to enhance product appeal, targeting a revenue increase from under $100,000 in 2020 to over $500,000 by 2022. Suntex is actively pursuing further acquisitions in the CBD sector, reinforcing its ambition to become a comprehensive provider in the industry.

Positive

• Acquisition of Beauty Supply by Design enhances product offerings.
• Expected revenue growth from under $100,000 in 2020 to over $500,000 in 2022.
• Collaboration with Budding Botanicals for improved packaging and marketing.

Negative

• None.

Las Vegas, Nevada, July 14, 2021 (GLOBE NEWSWIRE) -- Suntex Enterprises Inc. (OTC Pink: SNTX) is pleased to update shareholders and the public about the Company’s ongoing commitment to growth.

On July 9, 2021, Suntex Enterprises, Inc. finalized the acquisition of a CBD infused Hair Care and Cosmetic Company.
Suntex Enterprises completed the acquisition of Beauty Supply by Design. Beauty Supply by Design, a California based company, currently produces and markets a line of Shampoos, Conditioners and Hair Care products that are infused with CBD. Hair Care Products infused with CBD have been shown to improve the health, fullness and shine of damaged and non-damaged hair. Suntex, working with its wholly owned subsidiary, Budding Botanicals, will be collaborating with Beauty Supply by Design to develop and re-design their packaging to create a more attractive look. Currently, Beauty Supply by Design is packaged in a standard 10oz bottle with a rudimentary label.  Beauty Supply by Design, working with Budding Botanicals, is feverishly developing proprietary packaging in a larger package with colorful labeling to attract attention immediately. It is the intention of all involved, to create a package and a look that is as revolutionary as the products inside. This will establish a perceived value necessary to command a premium price. Suntex Enterprises and Budding Botanicals will be assuming full control of Beauty Supply by Design on or before Monday, August 16^th, 2021.

Once Suntex Enterprises, Inc. accepts control of Beauty Supply by Design, Budding Botanicals will be taking over the production of all Hair Care Products. Budding Botanicals will be assisting in the sale and marketing of all hair care products. Budding Botanicals will be marketing the products to retail locations as well as online with the Company’s E-Store located at www.buddingbotanicalsca.com. Suntex Enterprises is targeting September as the launch date of the re-packaged line of Hair Care Products. Currently, Beauty Supply by Design products are sold at retail locations as well as industry trade shows.  Once the products are re-designed, Beauty Supply by Design has an agreement with a Hair Salon Chain to retail their cutting-edge products in two states increasing the profile of the products. Suntex expects to organically build revenue of Beauty Supply by Design from just under one hundred thousand dollars in 2020 to over five hundred thousand dollars in 2022.

Suntex Enterprises Inc. will remain aggressive in the Company’s pursuit of growth through acquisition and development in the CBD market.  Suntex Enterprises Inc. is currently concluding negotiations with a CBD Infused Food Company. It is the intension of Suntex to eventually have offerings in all CBD categories. The goal of SNTX is to be a one stop shop for all needs CBD related.

Suntex Enterprises invites the public to follow future updates through the Company’s Twitter @SuntexSNTX. The public is also invited to follow Budding Botanicals on Twitter @BuddingCA.

Forward-Looking Statement Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Lawrence Twombly, CEO                                                                                                                                                                                                                                         
info@suntexenterprises.com 
Twitter: @SuntexSNTX
Twitter: @BuddingCA
Twitter: @VGroup20
www.buddingbotanicalsca.com
www.suntexenterprises.com
760-525-7411 (Suntex)

FAQ

What is the purpose of Suntex Enterprises' acquisition of Beauty Supply by Design?

The acquisition aims to expand Suntex's product offerings in CBD-infused hair care and enhance market presence.

When will Suntex Enterprises take full control of Beauty Supply by Design?

Suntex is set to assume full control on or before August 16, 2021.

What revenue growth is expected from Beauty Supply by Design after the acquisition?

Suntex expects Beauty Supply by Design's revenue to grow from under $100,000 in 2020 to over $500,000 in 2022.

What product enhancements are planned post-acquisition?

Suntex will collaborate with Budding Botanicals to redesign packaging and improve marketability.

What other business developments is Suntex Enterprises pursuing?

Suntex is currently negotiating with a CBD-infused food company, aiming for a comprehensive CBD product range.