HAMILTON, New Zealand, November 18, 2021 (GLOBE NEWSWIRE) – Smokefree Innotec, Inc. (OTC: SFIO), a leading asset management company and innovation group, is pleased to share the news recent strategic acquisitions in line with its five-year roadmap of global expansion in franchising, food manufacturing and distribution, coffee, real estate development, and technology and software development.
Jeths Lacson, CEO / President, shared the following letter regarding the company’s Q3 report:
â€œDear shareholders and valued business partners,
In my last letter to you, I described a number of projects we had in development for Smokefree Innotec, Inc (SFIO). I am delighted to share that we have not only achieved many of the key milestones we have set for the company since then, but have also forged new partnerships to further deliver on our ambitious roadmap for SFIO.
As I mentioned earlier, our main goal as we head into 2021 was to strategize not only to survive, but also to thrive during the pandemic. To that end, we have entered a period of restructuring in which the Company has not only brought greater value to its shareholder community, but has also truly championed our mission to create global leaders in our core industries.
Highlights of the 3rd quarter:
August 21 marked the first in a series of lucrative acquisitions for the SFIO group, Agrokings, Inc. and its subsidiaries successfully joining our community. As such, our third quarter report only reflects the period between August 21 and September 30, 2021. Likewise, the report only reflects financial data for businesses owned by SFIO, and not for franchisees of SFIO. its subsidiaries. With that in mind, I am confident that you will find that the report lays a solid foundation for future growth, supported by our hyper-expansion plans.
New acquisitions: Through its acquisition of Agrokings, Inc, SFIO now owns full ownership of Epiphany CafÃ©, an award-winning franchise recently recognized as one of Silicon Review’s 50 Most Trusted Companies in 2021. This includes all three owned sites. franchise business. Gorgeous Coffee, Ardent Bakers, A + Electrical, AG Architects and Accord Investment Group (AIG) are also joining the community with this recent acquisition. Through Australia-based AIG, SFIO now also owns the ownership of Big Lou’s Donuts and the accounting firm MLV Group. In the third quarter, we also signed memoranda of understanding to acquire the MetroMart and Classic Bake House Factory convenience store chain, as well as its franchise business and company-owned site.
Balance sheet: Our record highlights many of the strengths of SFIO as an asset management company. Minimal liabilities and a strong asset base position us well to continue on our path to exponential growth. The Company intends to use shareholder investments to fuel expansion efforts and rapidly grow our asset base in the coming months. We have already entered into joint venture agreements with landowners to develop innovative real estate concepts in prime locations in the Philippines and New Zealand and beyond. Based on the range of sectors represented by our investments, our future strategy will also revolve around the identification of opportunities for synergy of operations between our subsidiaries, with the aim of working together towards greater efficiency and profitability. shared. Likewise, we will identify opportunities to acquire and develop exclusive technologies in order to maximize these synergies. To do this, we will leverage our in-house expertise in cutting-edge technologies such as blockchain and cloud architecture. As such, we expect that the value of our intangible assets (for example, trademarks and intellectual property) will in turn increase.
Returned: In less than a month, the company’s recent acquisition of Agrokings, Inc. generated $ 2,721,628 in new revenue. Real estate development, in particular, is proving to be a very lucrative area for the SFIO, representing only 5% of the total operating expenses, while contributing to 18% of the total turnover of the Company. Although the margins are low, the franchise is proving to be a primary value driver. With development plans underway for a suite of proprietary technology platforms to streamline operations across our franchising businesses, we anticipate this will be an even greater vehicle of growth for the company. company in the future.
In light of these exciting developments and following the successful removal of the Caveat Emptor designation from SFIO, obtaining our OTC Pink status, we have already filed the necessary requirements for the change of the Company’s shell status. This is to better reflect the wide range of negotiations and business activities that the Company has entered into in recent months.
As a further follow-up to my last letter to all of you, I am happy to share that we remain committed to our shareholders and are now in advanced consultations with our partners on the creation of a new class of preferred shares to be held by the Company’s key agents and partners. More concrete updates on this are coming.
To guide us through this period of hyper-growth and into the years to come, we have drawn on leading voices and practitioners in the fields of leadership development, communications and finance to join the SFIO Advisory Board. Jonathan Petalver and Roger Oriel, both newly appointed to our Advisory Board, are now working hard on the development of â€œThe Global Academy,â€ SFIO’s six-month traveling program across the United States. As an entrepreneurship training center, â€œThe Global Academyâ€ is a strategic learning provider of masterclasses and workshops for business partners, shareholders and potential investors. Rounding out the appointments to our Advisory Board is our new CFO, Michael Venezuela, who is joining us from the recently acquired accounting firm MLV Group.
With the end of the year fast approaching, our team is still working hard to advance negotiations on strategic acquisitions, joint ventures and cross-industry synergies. I think we’ve more than reached our goal of thriving in 2021. This is just the start.
As we continue to build synergies within our ever-growing community of successful businesses, I would once again like to thank you, our shareholders, for making this growth possible. We have a brilliant team, a strong strategy and, with your continued support, everything we need to chart a clear path to an exciting future for all of us.
CEO and President of SFIO
Forward-Looking Statements: Certain information disclosed in this letter contains forward-looking information. This information does not guarantee the future performance of SFIO and readers should not place undue reliance on it. Such forward-looking statements necessarily involve known and unknown factors. Although the forward-looking statements contained in this letter are based on what the company considers to be reasonable considerations and opportunities, there can be no assurance that they will materialize, as actual results and future events could differ materially from those anticipated in these statements. statements. . SFIO does not undertake to update forward-looking statements if circumstances or the CEO’s estimates or opinions change.
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About Smokefree Innotec, Inc.
Smokefree Innotec, Inc. (OTC: SFIO) is an asset management company and is a conglomerate of several companies with five strategic business divisions, namely: Franchising, Food Manufacturing and Distribution, Coffee Sector , real estate development, as well as technology and software development – all of which currently have a strong presence in New Zealand and Australia.
SFIO is the new owner and operator of Epiphany CafÃ© Franchise Group, Ardent Bakers, Gorgeous Coffee Co., A + Electrical, AG Architects and Accord Investment Group (AIG) following the acquisition success story of Agrokings, Inc.