Somerville, NJ, June 30, 2022 (Globe NEWSWIRE) — Worldwide Fiber Technologies (OTC PINK: GFTX) ir.globalfibertechnologies.com has secured its second round of stock financing for the creation of an supplemental 250,000 vinyl information, bringing the submit created stock count to 500,000.
Chris Giordano President and Chairman of World-wide Fiber Systems, Inc. stated “The added stock is being made as a consequence of the very potent interest coming from brick and mortar. With out a substantial internet marketing energy 2 important retailers have now indicated their intent to order far more than half of the stock being established. We now will start off the process of attaining organization “order orders” from these two mass merchandisers and other retail and specialty retail retailers in late July and August.
Production and self-distributing vinyl data into important suppliers in conjunction with our joint venture with InvenTel, www.inventel.tv will characterize a sizeable element of our future income and earnings.
The Vinyl option, mixed with various new licenses on the horizon utilizing our patented “Designed from the Initial” process to create, authenticated collectible clothes, ought to present significant progress for years to come.
In addition, the future launching of our World-wide-web 3. propositions, tunes NFTs, our to be enthusiast bundles containing equally an NFT and an Genuine Heroes physical collectible will not only deliver major revenue opportunities, but also give the enterprise further aim from the expenditure community.
Lastly, the Metaverse is right here. Owning 17,000 Masters together with a plethora of Grammy Award successful artists to attract from is of terrific importance. Whether we use them for concerts in a single of the Metaverse’ or open a storefront hosted just one of people artists are all in the playing cards.
We seem forward to keeping you apprised of our progress in the coming months as we now changeover from a “pre-rev” to a income manufacturing company.
Risk-free Harbor Act
Ahead-Seeking Statements: This release contains statements that represent ahead-seeking statements inside the this means of Area 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Trade Act of 1934, as amended. These statements appear in a selection of locations in this launch and consist of all statements that are not statements of historic point regarding the intent, belief or current anticipations of World-wide Fiber Systems, Inc., its directors or its officers with respect to, amid other factors: (i) financing options (ii) traits influencing its financial problem or benefits of operations (iii) growth strategy and running tactic. The text “might,” “would,” “will,” “hope,” “estimate,” “can,” “consider,” “likely” and very similar expressions and variants thereof are intended to identify forward-wanting statements. Investors are cautioned that any these ahead-looking statements which includes people relating to the Company’s funding staying suitable for the Organization to area its merchandise in retail stores, execute its acquisition system, and to start its expansion and expansion programs, amongst others, are not assures of future functionality and require dangers and uncertainties, several of which are beyond International Fiber Technologies, Inc.’s skill to handle, and genuine outcomes may perhaps differ materially from those people projected in the ahead-looking statements as a consequence of several aspects. No details in this press release must be construed in any way in any way as an sign of Worldwide Fiber Technologies Inc.’s potential revenues, economic efficiency or inventory cost. Extra facts about the prospective variables that could have an affect on the business and economical success is and will be integrated in Worldwide Fiber Technologies, Inc., filings with the Securities and Exchange Fee at www.sec.gov.
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