“Just
as our acquisition efforts have turned our F&B division into a
cost-effective, efficient growth engine for SFIO,
we continue to invest in acquiring and incubating businesses to
empower our conglomerate.”
New York, NY -- March 31, 2022 --
InvestorsHub NewsWire -- Starfleet Innotech, Inc. (OTC
Pink: SFIO) ("SFIO" or “The "Company") today announced details
around the release of its annual report.
SFIO is a global investment holding
company focused on innovation through disruptive collaborations
across three key industries: Food and Beverage, Real Estate, and
Technology. Yesterday (Wednesday March 30, 2022), the company filed
its Annual Report.
By year-end, as of December 31,
2021, SFIO closed with a total consolidated revenue of $25.11
million. The company ended this period with corporate cash of
approximately $2.36 million.
Gross profits reached $13.99
million, led by the Food and Beverage division, which along with
its branch operations accounted for 40% of total revenue. These did
not include the revenues generated by franchised sites. Strategic
partnerships and acquisitions across the supply chain led to new
revenues and greater efficiencies, showing a net margin of 23%. By
end of year, the company exhibited net income before taxes
amounting to $5.87 million.
Through these strategic
partnerships, joint ventures, and acquisitions, SFIO grew its
assets substantially in 2021, all while keeping liabilities to a
minimum.
“We ended 2021 with a strong
showing, highlighting the sound strategy behind our
ecosystem-building initiatives,” said SFIO CEO Jeths Lacson. “Just
as our acquisition efforts have turned our F&B division into a
cost-effective, efficient growth engine for SFIO, we are investing
further in acquiring and incubating more businesses to empower our
conglomerate.”
“While we continue to be
opportunistic around growth, we have taken a mindful, strategic
approach to these opportunities. To accomplish this, we‘ve invested
in onboarding top global talents onto our management team,” Lacson
said. “This highly-aligned, empowered roster of leaders bring
decades of experience across F&B, Real Estate, and Technology
to help guide our mission of forging the futures of these
industries.”
SFIO will be conducting its very
first webinar on the 5th of April, 5PM EDT where Starfleet
Innotech's leadership team will present the latest updates and
answer questions from the community. Details on how to participate
in this webinar will be shared through SFIO’s online
channels.
As part of SFIO’s initiatives to
maximize shareholder value, the company is working on restructuring
shares and acquisitions which will be announced
soon.
For media enquiries, please
contact:
Craymond Yeong, PR &
Marketing Specialist
Starfleet Innotech,
Inc.
Phone: (+64) 21 0833
2966
Email: info@sfio.co.nz
Twitter: @SFIO_Inc
Facebook: @starfleetinnotech
About Starfleet
Innotech, Inc.
Starfleet Innotech,
Inc. (OTC:
SFIO) is a global investment holding company focused on
innovation through disruptive collaborations across its three key
industries: Food and Beverage (F&B), Real Estate, and
Technology. With a strong presence across New Zealand, Australia,
Malaysia, the United Arab Emirates, the United States, and the
Philippines, SFIO
makes strategic investments in high-growth businesses, building
synergies across its diverse portfolio to provide maximum
shareholder value. Guided by tradition, driven by innovation, and
enabled by collaboration—SFIO is on a hyper-growth path to build a
thriving global business ecosystem, shaping the futures of its core
industries.
FORWARD LOOKING STATEMENTS
The statements contained herein may contain certain
forward-looking statements relating to Starfleet Innotech, Inc.
“Starfleet” that are based on the beliefs of Starfleet as well as
assumptions made by and information currently available to
Starfleet’s management. These forward-looking statements are, by
their nature, subject to significant risks and uncertainties. These
forward-looking statements include, without limitation, statements
relating to Starfleet’s business prospects, future developments,
trends and conditions in the industry and geographical markets in
which Starfleet operates, its strategies, plans, objectives and
goals, its ability to control costs, statements relating to prices,
volumes, operations, margins, capital expenditures, overall market
trends, risk management and exchange rates.
When used herein, the words “anticipate”, “believe”, “could”,
“estimate”, “expect”, “going forward”, “intend”, “may”, “ought to”,
“plan”, “project”, “seek”, “should”, “will”, “would” and similar
expressions, as they relate to Starfleet or Starfleet’s management,
are intended to identify forward-looking statements. These
forward-looking statements reflect the Starfleet’s views at the
time such statement were made with respect to future events and are
not a guarantee of future performance or developments. You are
strongly cautioned that reliance on any forward-looking statements
involves known and unknown risks and uncertainties. Actual results
and events may differ materially from information contained in the
forward-looking statements as a result of a number of factors,
including any changes in the laws, rules and regulations relating
to any aspects of Starfleet’s business operations, general
economic, market and business conditions, including capital market
developments, changes or volatility in interest rates, foreign
exchange rates, equity prices or other rates or prices, the actions
and developments of the Starfleet’s competitors and the effects of
competition in the food manufacturer and service sector, technology
applications and components, and real estate development. Sales and
property management on the demand for, and price of, Starfleet’s
products and services, various business opportunities that
Starfleet may or may not pursue, changes in population growth and
other demographic trends, including mortality, pandemics, morbidity
and longevity rates, persistency levels, Starfleet’s ability to
identify, measure, monitor and control risks in Starfleet’s
business, including its ability to manage and adapt its overall
risk profile and risk management practices, its ability to properly
price its products and services, including property development
capital expenditures and establish reserves for future policy
benefits and claims, seasonal fluctuations and factors beyond the
Starfleet’s control. Subject to the requirements of the Listing
Rules, Starfleet does not intend to update or otherwise revise such
forward-looking statements, whether as a result of new information,
future events or otherwise. As a result of these and other risks,
uncertainties and assumptions, forward-looking events and
circumstances discussed herein might not occur in the way Starfleet
expects, or at all. Accordingly, you should not place reliance on
any forward-looking information or statements. All forward-looking
statements herein are qualified by reference to the cautionary
statements set forth in this section.
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