Business
Global Fiber Technologies, Inc (OTCQB: GFTX) Provides a Management Overview
Global Fiber Technologies, Inc (OTCQB: GFTX) Provides a Management Overview.
About this update from Authentic Holdings Inc.
[{"type":"text","content":"GFTX Expecting to Drive Growth Through Innovation in the Textile Fiber IndustrySOMERSET, NJ / ACCESSWIRE / June 27, 2019 / Global Fiber Technologies (OTCQX: GFTX) operates three businesses that are involved in the distribution, rejuvenation and authentication of textile fibers.Each business will draw on its patent pending technology and/or its trade secrets to give GFTX first mover advantage over its competition.Our Three Businesses1. Eco Tek 360, recovers and rejuvenates apparel utilizing patent pending technology which takes landfill destined corporate uniforms and repurposes them back to the same customer as high quality apparel for their employees. In the process we help our customers to reduce carbon footprints and collectively save billions of gallons of water. Eco Tek 360 is in the final stages of completing its development and anticipates commercial launch in 1st QTR. 2020 2. Fiber Chain, Inc., is creating a revolutionary block chain driven business platform for the efficient trading of textile fiber. Fiber Chain will be able to reduce transaction times from weeks to minutes, eliminate the constant errors associated with processing transactions, evoke dramatic savings and simultaneously recording each transaction on a block chain for immutability. Fiber Chain has completed approximately 70% of the total platform development. We are now moving toward completion of our BETA site anticipated to launch later in the year.3. Authentic Heroes, Inc., specializes in developing handcrafted limited edition fanwear from original event worn apparel.Our trade secrets and technology allow us to extract the original fibers from a game or event worn garment and make a limited series of collectible/wearable fanwear that is digitally encoded with the fibers from the original garment.The authenticated garment receives an individual serial number and is marked with a QR code that leads the purchaser to his/her personal online vault.While all three subsidiaries are driving innovation in their respective markets, we are focusing on the near-term revenue opportunity that Authentic Heroes represents.We hope this gives our shareholders a bird's eye view as to where we are with our "go to market" strategies and look forward to updating you soon.Safe Harbor ActForward-Looking Statements: This release contains statements that constitute fo...