TORONTO and DUEREN, Germany, Nov. 22,
2021 /CNW/ - GBLT Corp. (TSXV: GBLT) (OTCQB:
GBLTF) (FSE: 4G9) ("GBLT" or the "Company") is pleased to announce
that it has received an order for USD $3.9
million from the one of the biggest retail chains in
Germany for private label
batteries, delivered over the course of 2022. This marks continued
expansion for the Company within existing retailer accounts, and
with over 10,000 stores throughout Europe, further expands GBLT's presence with
consumers.
"Private label batteries continue to provide not only a strong
source of revenue for GBLT, but highlight our expansion within our
existing accounts to retailers," said Dr. Thilo Senst, Founder and CEO of GBLT Corp. "This
is yet another order from this retailer that has continued to
remain a strong partner to our company for many years and we have
become a trusted vendor for them. Even with the global supply chain
disruptions affecting businesses globally, GBLT has remained a
steadfast source of products for our clients."
About GBLT:
GBLT Corp., through its operating company, GBT GmbH, designs,
manufactures and supplies mobile storage, battery and personal
protection equipment to some of the largest retail chains across
the globe. GBT is also an official licensee for Kodak mobile
storage systems and AGFAPHOTO mobile energy products. The Company's
personal protection equipment is primarily sold throughout
Europe under Dr. Senst brand,
which is owned and operated by GBT GmbH.
For more information, please visit www.gbt-international.com
and www.gbltcorp.com.
Forward-Looking
Information
Certain statements in this news release, which are not
historical in nature, constitute "forward looking statements"
within the meaning of that phrase under applicable Canadian
securities law. These statements include, but are not limited to,
statements or information concerning the Company's proposed
activities under the Agreement, the Company's ability to achieve
sales, commercial or otherwise, from its products, and the
expectations of the Company regarding funding payments due pursuant
to the Agreement. These statements reflect management's current
assumptions and expectations and by their nature are subject to
certain underlying assumptions, known and unknown risks and
uncertainties and other factors which may cause actual results,
performance or events to be materially different from those
expressed or implied by such forward looking statements. Except as
required pursuant to applicable securities laws, the Company will
not update these forward-looking statements to reflect events or
circumstances after the date hereof. More detailed information
about potential factors that could affect financial results is
included in the documents filed from time to time with the Canadian
securities regulatory authorities by the Company. Readers are
cautioned not to place undue reliance on forward looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE GBLT Corp.
