Business
Starfleet Innotech's Growth and Global Expansion in Review: A 2022 Report to Shareholders
Starfleet Innotech's Growth and Global Expansion in Review: A 2022 Report to Shareholders.
About this update from Starfleet Innotech Inc.
[{"type":"text","content":"Dear Shareholders,Key Highlights:100 franchised and licensed Epiphany Cafe outlets established in 2022.Product Distribution team in the United Arab Emirates has brought our F&B products to North America, ahead of a formal launch of Epiphany Cafe in Canada this year.Established acquisition deals with Herbs of the Earth and Enjoy Health, manufacturers and distributors of wellness products based in the United States and Asia.Entered into a strategic partnership with European Wellness Biomedical Group (EW Group) to co-develop wellness-oriented micro-township projects under the MORAYA real estate brand.Finalizing a deal to secure significant minority ownership in RIZHL Construction and Developer Corporation, a triple-star developer based in the Philippines.Finalizing a stake in UK-based cybersecurity solutions provider CyberQ.Entered into an investment agreement with real estate industry enabler Terra Solutions Realty Inc.Launched a comprehensive internal audit in partnership with a US-compliant accounting firm, as part of the prerequisites for our full audit.Successfully reduced the Company's outstanding shares by converting the common shares of the key officers and partners into the new class of preferred shares (Series B Preferred shares). The first batch amounting to 268,570,000 common shares were converted.Developed a roadmap for restructuring our corporate ownership. We have arranged a number of deals to buy back substantial shares from certain major shareholders, which we will be completing within the next 12 months. This includes plans to buy back at least 200 million shares from one of the key shareholders of the Company, BNCM and raise capital through non-dilutive means to buy back roughly 100 million shares currently on the open market.Established a dedicated marketing and IR team to oversee internal communications, public relations, and investor relations.We will be reporting our annual financials for the year ending 2022, before the 31st of March and we expect our annual revenue in the range of $27M-$28M. New York, New York--(Newsfile Corp. - February 28, 2023) - Starfleet Innotech, Inc. (OTC Pink: SFIO) Through the tireless work of our ground teams in New Zealand and support teams across the globe, we have achieved our target of establishing at least 100 franchised a...