TORQUE LFESTYLE BRAND - TQLB STOCK NEWS

Torque Lifestyle Brands Inc. (OTC Pink: TQLB) announced its bullish outlook for 2022, with a target of $10 million in revenue as the first production run from its joint venture, Zero Torque Manufacturing, commences. CEO Leonard K. Armenta Jr. highlighted two main customers, Storm and Glaxon, attributing potential $10 million in revenue from these clients. Zero Torque Manufacturing reported $2 million in revenues for 2021, and its order book for 2022 exceeds $5 million. The new production facility will enhance production with capabilities for 20,000 sachets and 10,000 powder units per day.

Torque Lifestyle Brands Inc. (TQLB) has reported provisional revenues exceeding $2 million in its first year of operation through its joint venture, Zero Torque Manufacturing. The JV also recorded over $5 million in booked sales for the upcoming year. A significant $4 million purchase order from Glaxon, a rapidly growing brand in active nutrition, was secured for manufacturing at Zero Torque's facility. Additionally, Torque divested its American Metabolix subsidiary, generating $500,000 in non-dilutive cash. Note that these figures are provisional and subject to change.

Torque Lifestyle Brands Inc. (OTC Pink: TQLB) announced the opening of a new manufacturing facility in Austin, Texas, poised to enhance production capabilities significantly. The facility will feature advanced equipment capable of producing 20,000 sachets and stick packs daily, alongside new lines for capsules and powders. With a confirmed $4 million order from GNC partner Glaxon, Torque aims to meet increasing demand in the nutritional supplement sector. The company recently divested from American Metabolix, adding $500,000 to its balance sheet.

Torque Lifestyle Brands Inc. (OTC Pink: TQLB) reported significant advancements in 2021, particularly following its joint venture with Zero Day Nutrition. The partnership led to over $5 million in purchase orders and revenue exceeding $1 million in just three months. Notably, Zero Torque secured a $4 million order from GNC partner Glaxon, a rapidly growing active nutrition brand. The divestment of American Metabolix brought in $500,000, enhancing the company's financial position.

Torque Lifestyle Brands (OTC Pink: TQLB) announced a significant $4 million purchase order from GLAXON, a fast-growing supplements brand, to be fulfilled by Zero Torque Manufacturing LLC, Torque's joint venture. This order, set for delivery over the next six months, aligns with GLAXON's recent partnership with GNC, aiming to enhance product distribution and consumer access. Leonard K. Armenta Jr, Torque's President, expressed optimism about the lucrative potential of this relationship, anticipating further orders as GLAXON seeks to disrupt the active nutrition market.

Torque Lifestyle Brands Inc. (OTC Pink: TQLB) has successfully sold its subsidiary, American Metabolix, for $1.3 million, which includes $500k in cash and the elimination of $800k in liabilities. This strategic decision positions Torque to fully fund its 51%-owned joint venture with Zero Day Nutrition, which includes the award-winning brand Glaxon. With $600k in cash remaining, Torque aims to leverage low-risk paths to enhance shareholder value and cash flows.

Torque Lifestyle Brands Inc. (OTC PINK:TQLB) reported its financial results for the six months ending June 30, 2021, generating $0.41 million in revenue, mainly driven by strong marketing efforts. Gross profit reached $0.28 million, representing 69% of revenue. The company incurred operating expenses of $1.12 million and a net loss of $0.84 million. Key developments included new product shipments to major health retailers, a joint venture with Zero Day Nutrition, and plans for an OTCQB uplisting.

Torque Lifestyle Brands Inc. (OTCQB:TQLB) announced its uplisting strategy to the OTCQB Venture Market following the appointment of Michael T. Studer CPA P.C. as its independent auditor. This transition aims to leverage the firm’s expertise in refining Torque's M&A and capital markets strategy. CEO David Lovatt expressed optimism about the collaboration, emphasizing its importance for shareholders and the upcoming audit essential for filing Form-10. Torque operates in the $150B+ sports nutrition market with a growth-by-acquisition model and a portfolio of in-house brands.

Torque Lifestyle Brands Inc. (OTC PINK:TQLB) has launched a new investor relations website to enhance communication with shareholders and potential investors. The site is designed to be user-friendly and dynamic, showcasing the company's portfolio in the $150B+ sports nutrition market. It includes features like an investor presentation, press releases, and financial information. President Leonard K. Armenta Jr. emphasized the website's role in improving transparency and commitment to shareholder value as the company aims for OTCQB listing and seeks new acquisitions.