Softlab9 Target Acquisition CleanGo GreenGo Signs Supply Agreement
Softlab9 Technologies Inc. (CSE:SOFT)(OTC PINK:SOFSF) has announced that its target acquisition, CleanGo GreenGo, signed a supply agreement with CBIO Brand Distribution International Inc. (NASDAQ:CBIO). This agreement entails providing bulk concentrate material for CBIO's SaniGenix Naturals line of disinfectants. CleanGo GreenGo offers non-toxic cleaning products, including hand sanitizers, and has previously demonstrated effectiveness against the human coronavirus. The company emphasizes its focus on green solutions amid the current public health crisis.
- Strategic supply agreement with CBIO may enhance market positioning.
- CleanGo's technology validated in the sanitization market supports growth potential.
- SaniGenix Naturals line may expand CleanGo's product reach and revenue.
- Uncertain regulatory approvals could delay the acquisition of CleanGo GreenGo.
- No guarantee of future performance or successful acquisition completion.
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VANCOUVER, BC / ACCESSWIRE / August 18, 2020 / Softlab9 Technologies Inc. (CSE:SOFT)(OTC PINK:SOFSF)(FRA:APO2) ("SOFT" or the "Company"), is pleased to announce that its target acquisition CleanGo GreenGo ("CleanGo") has signed a supply agreement with CBIO Brand Distribution International Inc., (NASDAQ:CBIO) to supply bulk concentrate material for CBIO's SaniGenix Naturals line of hard surface disinfectants and sanitizers.
SaniGenix™ Naturals
CBIO's CPG brand SaniGenix™ Naturals offers consumers an EPA approved line of disinfectants and sanitizers for hard surfaces.
"We are so pleased to be able to offer consumers the choice to use a non-toxic green cleaner in their defence against germs. Having CleanGo GreenGo™ as our strategic supplier for SaniGenix™ Naturals adds yet another unique and high performing CPG product to CBIO's suite of brands" says Lisa Little, President and CEO.
Anthony Sarvucci, CEO of CleanGo said, "CleanGo is pleased to provide the power of emulsification to CBIO's line of products. We continue to validate our technology and the need for our product in today's sanitization market."
About CleanGo GreenGo
CleanGo GreenGo is an FDA and Health Canada approved Manufacturer of Green, Non-Toxic, and Biodegradable suite of cleaning products for industrial, commercial and consumer markets.
CleanGo GreenGo, also manufactures hand sanitizer gel which is sold throughout the USA and Canada.
CleanGo's products have been tested in 2015 in the USA to kill the human coronavirus. CleanGo's products are sold on various online platforms, including Amazon, as well as through distribution in retail, wholesale, and government agencies. CleanGo GreenGo utilizes a Patent Pending IP. The Patent was filed with the United States Patent and Trademark Office in February 2020 and currently holds a Patent Pending Status.
About SoftLab9
SoftLab9 Technologies Inc. is an international publicly traded company that specializes in the development of early staged companies. We provide access to capital, executive management and industry experience to grow our portfolio of companies.
SoftLab9's experienced team bring new ideas and innovation based on science to find solution's to the current world we live in. Customers rely on quality, nontoxic products to keep their homes clean and their loved ones safe, now more than ever during these unprecedented international public health crisis.
Cautionary Note:
The Company is not making any express or implied claims that CleanGo GreenGo or any other product has the ability to eliminate, cure or contain the Covid-19 (or SARS-2 Coronavirus) at this time. Do not drink or consume any of the products at any time. Follow the instructions on the bottles. The products mentioned are meant to be used on surfaces and hands to sanitize to protect against bacteria and viruses. CleanGo GreenGo is not a cure, nor does it imply to be a cure for COVID-19.
For further information please contact:
Rahim Mohamed
Chief Executive Officer
Phone: (403) 605-9429
RM@softlab9.com
https://www.soft-lab9.com/
Paul Searle
Corporate Communications
Citygate Capital Corp
Phone: (778) 240-7724
psearle@citygatecap.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements in this presentation that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations, and orientations regarding the future, including without limitation statements related to the use of the proceeds of the Private Placement and the Company's prospect of success in executing its proposed plans, including its plans to complete the acquisition of CleanGo GreenGo. Forward-looking statements can often be identified by words such as "will", "plans", "expects", "may", "intends", "anticipates", "believes", proposes" or variations of such words including negative variations thereof and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements are based on certain assumptions by management regarding the Company, including, without limitation, the Company's ability to acquire CleanGo GreenGo and obtain required regulatory approvals and the timing thereof. Actual results could differ from those projected in any forward-looking statements due to numerous factors including, risks and uncertainties relating to the inability of the Company, to, among other things, obtain any required governmental, regulatory or stock exchange approvals, permits, consents or authorizations required to execute its proposed business plans, and obtain the financing required to carry out its planned future activities. Other factors such as general economic, market or business conditions or changes in laws, regulations and policies affecting the Company's operations may also adversely affect the future results or performance of the Company. The Company can provide no guarantee that it will be successful in completing the Private Placement or completing the acquisition of CleanGo GreenGo. Investors are cautioned that forward looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company does not intend to update or revise any forward-looking statements, except as expressly required by law.
SOURCE: Softlab9 Technologies Inc
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FAQ
What is the significance of the supply agreement between CleanGo GreenGo and CBIO?
How does the acquisition of CleanGo GreenGo impact Softlab9 Technologies?
What are the potential risks associated with the CleanGo acquisition?
What products does CleanGo GreenGo offer?
What are the expected benefits of CleanGo's products?
