Starfleet Innotech Provides Update on Uplisting Strategy and Progress Following July 2024 Shareholder Letter

[New York, USA – September 19, 2024] — Starfleet Innotech, Inc. (OTC:SFIO), is pleased to provide an important update following its July 31, 2024 shareholder letter, highlighting significant progress in line with key initiatives. This update centers on the company’s newly approved roadmap for uplisting to the OTCQX, which represents a critical milestone toward enhancing shareholder value and achieving a higher tier of market exposure.

After a comprehensive strategic review, the Board of Directors has approved a revised plan that accelerates the anticipated timeline for uplisting to the OTCQX. This refined strategy has been carefully designed to address the complexities posed by the company’s multi-jurisdictional and multi-industry structure, ensuring that the company meets all legal and compliance requirements while streamlining operations for an efficient audit process.

A key pillar of this new strategy is leveraging the company’s assets, particularly those infused over the last three years within its real estate division. These assets, together with additional projects set to be infused into the company, will play a crucial role in the uplisting process. By utilizing these assets, the company is strengthening its balance sheet and enhancing the overall value proposition for shareholders as part of its move toward a higher market tier.

The company acknowledges that determining the optimal strategy for the uplisting has taken considerable time. This was necessary to ensure all legal, financial, and compliance considerations were thoroughly addressed, particularly given the complex structure of Starfleet with subsidiaries operating across different jurisdictions and industries. The newly approved strategy simplifies and streamlines this structure, providing a clear path forward to meet the stringent requirements of the OTCQX market.

In addition, the company has initiated a BNCM share buyback program, further demonstrating its commitment to shareholder value. Simplifying the audit process and aligning the business structure with OTCQX requirements are also part of this streamlined approach, aimed at ensuring a smoother transition to the higher-tier market.

To execute this roadmap, Starfleet has engaged a local professional Investor Relations (IR) team based in the Philippines, consisting of at least ten full-time staff dedicated to the uplisting and IPO qualification process. This team will collaborate closely with a U.S.-based IR firm, which is currently being shortlisted. Additionally, the company has onboarded a new law firm to ensure that all legal aspects of the uplisting strategy are fully compliant with both U.S. and international regulations.

As part of its ongoing commitment to transparency, the company recognizes the communication gaps that have occurred in the past and has taken steps to address these issues. A dedicated IR team will begin reaching out to shareholders within the next two weeks, actively participating in public groups and forums to answer investor queries and provide regular updates on the company’s progress. This initiative reflects Starfleet’s dedication to keeping shareholders informed every step of the way.

A more detailed update, including specifics on the roadmap, key parties involved in the uplisting initiative, and the overall strategy for the uplisting execution, will be shared soon. We are confident that this revised approach will build excitement and trust among our shareholders as we continue to make tangible progress toward our uplisting goal.

About Starfleet Innotech, Inc.

Starfleet Innotech, Inc. (OTC: SFIO) is a global investment holding company focused on innovation through disruptive collaborations across its four key industries: Food and Beverage (F&B), Real Estate, Technology and Energy. With a strong presence across New Zealand, Australia, the United Arab Emirates, the United States, and the Philippines, SFIO makes strategic investments in high-growth businesses, building synergies across its diverse portfolio to provide maximum shareholder value. Guided by tradition, driven by innovation, and enabled by collaboration—SFIO is on a hyper-growth path to build a thriving global business ecosystem, shaping the futures of its core industries.

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FORWARD-LOOKING STATEMENTS

The statements contained herein may contain certain forward-looking statements relating to Starfleet Innotech, Inc. "Starfleet" that are based on the beliefs of Starfleet as well as assumptions made by and information currently available to Starfleet's management. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. These forward-looking statements include, without limitation, statements relating to Starfleet's business prospects, future developments, trends and conditions in the industry and geographical markets in which Starfleet operates, its strategies, plans, objectives and goals, its ability to control costs, statements relating to prices, volumes, operations, margins, capital expenditures, overall market trends, risk management and exchange rates.

When used herein, the words "anticipate", "believe", "could", "estimate", "expect", "going forward", "intend", "may", "ought to", "plan", "project", "seek", "should", "will", "would" and similar expressions, as they relate to Starfleet or Starfleet's management, are intended to identify forward-looking statements. These forward-looking statements reflect Starfleet’s views at the time such statement was made with respect to future events and are not a guarantee of future performance or developments. You are strongly cautioned that reliance on any forward-looking statements involves known and unknown risks and uncertainties. Actual results and events may differ materially from information contained in the forward-looking statements as a result of a number of factors, including any changes in the laws, rules and regulations relating to any aspects of Starfleet's business operations, general economic, market and business conditions, including capital market developments, changes or volatility in interest rates, foreign exchange rates, equity prices or other rates or prices, the actions and developments of the Starfleet's competitors and the effects of competition in the food manufacturer and service sector , technology applications and components, and real estate development. Sales and property management on the demand for, and price of, Starfleet's products and services, various business opportunities that Starfleet may or may not pursue, changes in population growth and other demographic trends, including mortality, pandemics, morbidity and longevity rates, persistency levels, Starfleet's ability to identify, measure, monitor and control risks in Starfleet's business, including its ability to manage and adapt its overall risk profile and risk management practices, its ability to properly price its products and services, including property development capital expenditures and establish reserves for future policy benefits and claims, seasonal fluctuations and factors beyond the Starfleet's control. Subject to the requirements of the Listing Rules, Starfleet does not intend to update or otherwise revise such forward-looking statements, whether as a result of new information, future events or otherwise. As a result of these and other risks, uncertainties and assumptions, forward-looking events and circumstances discussed herein might not occur in the way Starfleet expects, or at all. Accordingly, you should not place reliance on any forward-looking information or statements. All forward-looking statements herein are qualified by reference to the cautionary statements set forth in this section.