Starfleet Innotech Showcases Robust Financial Performance, Underscoring Operational Excellence and Strategic Consistency

[New York, USA – November 15, 2023] — Starfleet Innotech, Inc. (OTC:SFIO), the global investment holding company, proudly unveils its exceptional financial achievements for the third quarter ended September 30, 2023, signaling sustained operational prowess and strategic resilience.

Third Quarter Financial Triumphs Reflect Operational Excellence

• Revenue soared to an impressive $7.25 million.
• Gross profit reached a substantial $4.47 million.
• Net operating income demonstrated a robust performance at $1.47 million.
• Total liabilities recorded a significant reduction from $7.58 million to $4.97 million, showcasing Starfleet's commitment to financial prudence.

The remarkable financial results are a testament to Starfleet's unwavering dedication to operational excellence over the years. The company's consistent and sustainable operations have fortified its existing businesses, providing a stable foundation for future growth.

Strategic Consistency Paves the Way for Future Uplisting

Starfleet's unwavering commitment to consistent operations serves as a springboard for its anticipated uplisting in the near future. The company's steadfast adherence to its roadmap has yielded consistent results, positioning it for a successful transition and enhanced market visibility.

In alignment with this strategic consistency, Starfleet Innotech proudly announces:

• Expanded Share Buyback Program:

Building on its commitment to optimizing shareholder value, Starfleet will continue its share buyback program for the next 6 months. This initiative underscores the company's proactive approach to enhancing its capital structure and reinforcing investor confidence.

• Appointment of Reputable Auditor:

Recognizing the significance of transparent financial reporting, Starfleet Innotech has appointed a reputable auditor to uphold the highest standards of financial integrity. This step not only enhances the credibility of the company's financial statements but also aligns with the prerequisites for future uplisting. Details of the appointed auditor will be disclosed by year end.

Results Propel Starfleet Towards Milestones

These stellar results not only affirm Starfleet's operational resilience but also serve as a dynamic catalyst propelling the company towards the milestones set to be achieved by the end of the financial year. The financial triumphs act as a formidable driving force, charting the course for Starfleet's continued success.

 Third Quarter Business Highlights Showcase Global Opportunities

• On August 21, 2023, Starfleet Innotech, Inc. (OTC:SFIO) entered into a share buyback agreement with Bounce Mobile Systems, Inc (OTC:BNCM), involving the repurchase of 100 million common shares subject to terms and final settlement. This strategic move underscores Starfleet's commitment to optimizing its capital structure for enhanced shareholder value.
• August 1, 2023, witnessed Starfleet receiving a signed Letter of Intent (LOI) from Brown Capital Funding International (BCFI) outlining a long-term, non-dilutive funding (loan) to fuel Starfleet's F&B and Real Estate projects. The subsequent commitment letter from BCFI on August 26 solidified the terms, further fortifying Starfleet's financial foundation.
• In an ongoing due diligence process, Starfleet is engaging with another two institutional investors for non-dilutive funding. This strategic initiative aims to support the execution of real estate projects and facilitate the expansion of Epiphany Café in North America starting in 2024.

Starfleet Innotech's financial triumphs and strategic initiatives underscore its unwavering commitment to operational excellence, consistency, and future growth. The company is poised for continued success as it navigates towards its envisioned milestones.

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, Malaysia, 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.

For media enquiries, please contact:
Starfleet Innotech, Inc.
Phone: (+64) 21 0833 2966
Email: info@sfio.co.nz
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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.