Business
CleanGo Innovations Establishes Strategic Alliance with Bottle N' Pak Texas; Charts Path to Cash Flow Positive Quarter
(TheNewswire) Vancouver, B.C. – TheNewswire - January 24, 2024 – ...
About this update from Cleango Innovations Inc
[{"type":"text","content":"CleanGo Innovations Establishes Strategic Alliance with Bottle N' Pak Texas; Charts Path to Cash Flow Positive Quarter\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C. –\n \n TheNewswire -\n \n January 24,\n2024 – CleanGo Innovations Inc. (CSE:CGII), (OTC:CLGO.F),\n(FRA:APO2), a leader in eco-friendly cleaning solutions, announces a\nstrategic alliance with Bottle n’ Pak Texas, a prominent co-packing\ncompany located in Montgomery County, Texas. This partnership is a\npivotal move towards optimizing the company's bottling capabilities,\nwhich have been underutilized.\n \n \n CleanGo Innovations Inc. is confident that this collaboration with\nBOTTLE N Pak Texas will significantly improve its cash flow, resulting\nin cash flow positive operations for its warehouse and monthly cash\nrequirements in the first quarter. This development marks a critical\nstep in the company’s journey towards sustainable financial growth,\nallowing it to concentrate more on expansion of sales efforts and\nservicing of industrial clients.\n \n \n Bottle n’ Pak Texas specializes in servicing a market segment that\nrequires lower Minimum Order Quantities (MOQs), thus catering to\nsmaller companies. This alliance is anticipated to enhance the\nefficiency of CleanGo Innovations Inc.'s bottling processes and expand\nits service offerings to a wider client base.\n \n \n Through this agreement CleanGo Innovations bottling and labelling\nequipment will be contracted to handle overflow orders from BOTTLE N\nPAK Texas. The company will be paid on a per piece basis with an\nexpected MOQ of 10,000 units per order. Currently the company has the\ncapacity to fill up to 10,000 bottles in an 8-hour shift.\n \n \n Anthony Sarvucci, CEO of CleanGo Innovations, commented on the impact\nof this alliance: \"CleanGo’s warehouse and retail bottling\nequipment was purchased to support the companies’ growth for years\nto come. We are excited to utilize our equipment to the fullest\nextent, and increase cash flow through this alliance to serve this\nniche market.” Continued Sarvucci, “In today’s market, small\nproducer can’t find quality bottling and labeling services, with\nMOQ’s at most providers bei...