- GBLT continues expansion with existing
client-
TORONTO and DUEREN, Germany, March 8,
2022 /CNW/ - GBLT Corp. (TSXV: GBLT) (OTCQB:
GBLTF) (FSE: 4G9) ("GBLT" or the "Company") is pleased to announce
that it has received an additional order from Europe's largest retailer, and one of the top
5 largest retailers globally, for €606,000 (CDN $870,000), on top of the existing €9.9m
(CDN $13.8m) anticipated revenue from
this one client in calendar year 2022. The order marks continued
sales of GBLT's propriety brand of Dr. Senst branded healthcare
line.
The Company anticipates this order to be delivered and
recognized in Q3 2022.
"More than ever, our opportunity to expand with existing
retailer clients is driving phenomenal growth in our top line
revenue and ultimately our profitability going forward," said Dr.
Thilo Senst, CEO and Founder of GBLT
Corp. "Our business is rapidly shifting towards higher margin sales
from an even wider scope of solutions branded under the Dr. Senst
line. When we initially penetrated these clients with the sale of
masks in early 2020, we could not have envisioned how massively
this brand of products would expand, and we are now delivering a
variety of products, at the direct request of our growing client
base, with many more products planned over the course of 2022."
About GBLT:
GBLT Corp., through its operating company, GBT GmbH, designs,
manufactures and supplies mobile storage, and battery solutions.
GBLT is also a leading provider of renewable energy solutions via
its solar division, participating in the rapidly growing solar
energy market. In addition, the Company offers consumer healthcare
and wellness products to some of the largest retail chains across
the globe. GBT is also an official licensee for AGFAPHOTO mobile
energy products. The Company's branded healthcare and wellbeing
products are primarily sold throughout Europe under Dr. Senst brand.
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.