Headline: Starfleet Innotech reports strong revenues, asset growth with Q1 2022 results
Subheading: The first quarter of this year capped off the initial phase of our roadmap, identifying promising firms and laying down the groundwork for streamlined growth across the conglomerate. Now we are setting our eyes onto the second phase of our plans.
Dear shareholders and valued business partners,
This year marked a new chapter in our growth story as Starfleet Innotech. Q1 2022 was a culmination of a long period of restructuring, acquisitions, and partnerships. Now, we are poised to mobilize across our key markets, beginning with a clear focus on North America as the backdrop of our ambitious roadmap for SFIO.
In line with these efforts, we are happy to be sharing the results of our first quarter of operations, the highlights and milestones of which are outlined here.
Q1 Highlights:
Balance Sheet: Our balance sheet continues to highlight many of the strengths SFIO boasts as an investment holding company. Throughout our continued growth, we have maintained both minimal liabilities and a strong asset base. Following a series of partnerships and acquisitions, our assets have grown roughly 20% since last quarter. As we outlined in a previous shareholder letter, this growth follows our strategy of expanding both our real estate properties and intellectual properties.
New Partnerships and Acquisitions: In the first quarter of this year we brought two innovative new players into our ecosystem, with the goal of bringing some disruptive energy into our real estate strategy. In March, we entered into a strategic partnership with Australia-based 3D concrete printing startup Luyten. With Luyten, we are tapping the global 3D printing construction market, which is expected to reach almost $5 billion by 2030. Using their own 3D printing devices and proprietary mixtures, Luyten is able to complete construction projects with 60% less waste, 70% less production time, and at only 20% of the labor costs of traditional means. On the software side, we acquired a significant stake in Fort Health Data Systems, a health data analytics firm offering a unique approach to proactive, data-driven community care. Through their platform, Project Fort, the company uses data gathering tools to synthesize and analyze community health information. Within and beyond the township projects of our real estate division, we see much potential in bringing this data science firm into our conglomerate.
Revenue: In the first quarter of the year, the Company generated $6,764,442 in new revenue. As we continue our global expansion plans through our F&B businesses, we expect franchising, a main value driver for the conglomerate, to play a critical role in the continued growth of our revenues. In Asia, both the Philippines and Malaysia play critical roles in our two-pronged approach towards capturing the massive ASEAN market. We’ve registered Epiphany Ventures Asia SDN BHD, establishing a local presence in Malaysia for our Epiphany Cafe operations. So far we have secured necessary trademarks, established four sites in the country, and completed our market research and study for Epiphany Cafe’s local franchising business. In the Philippines, we’ve entered into a strategic partnership with The Cravings Group, the owner and operator of the Center for Culinary Arts—a respected regional institution through which we will gain access to both a wholesale bakery and a culinary school. To manage these country operations, we’ve incorporated Starfleet Innotech (SFIO) Philippines Holdings Corporation with the local Security and Exchange Commission. SFIO Philippines will be overseeing not only the domestic growth of Epiphany Cafe, but that of Moraya, our flagship real estate brand for wellness-oriented, tech-enabled townships, and LNS+, the tech innovation division powering our global expansion efforts.
Buoyed by these strategic expansions, we are making great strides in establishing a strong presence in North America, our priority region for 2022. Over the past month, members of our leadership team, led by recently-appointed Chief Investor Officer Richard De Lima, have been mobilizing across the United States, representing SFIO at conferences and strategic meetings with potential growth partners in the country. Among these potential partners are major distributors, retail stores, manufacturers, and cafe franchises—with whom SFIO hopes to bring its F&B businesses like Epiphany Cafe and Gorgeous Coffee into the country. Meanwhile, in Canada, we’ve entered into a non-exclusive agreement with a local partner to expand our Epiphany Cafe franchising business in the country. Under this agreement, we will not only be establishing brick-and-mortar locations in Canada, but also distributing Epiphany NZ Manuka Honey and Gorgeous Coffee products in the country. We will be sharing more news from our roadshow through North America in the weeks to come.
With F&B pioneering new markets for SFIO, we see Technology and Real Estate playing critical roles in supporting these expansions through innovative new revenue streams and capital raising activities. This three-part engine we’ve built with our divisions is the culmination of all our restructuring efforts in the past year. Q1 of 2022 saw a number of these important structural changes secured, beginning with our exciting name change to Starfleet Innotech. Much of these efforts included general housekeeping initiatives, such as the settlement of a convertible note inherited from the previous owners of SFIO. We reduced the number of authorized shares for SFIO from 5 billion to 2.5 billion, while also creating a new class of preferred shares, amounting to 310 million shares, to be held by Company officers and key partners. Existing shares of the key officers and partners will be converted to the new class of preferred shares which is intended to reduce the outstanding shares of the Company.
Since our founding, our goal at SFIO has been to bridge promising businesses from emerging economies with crucial growth enablers. The first quarter of this year capped off the initial phase of this plan, identifying high-potential firms and laying down the groundwork for streamlined growth across the conglomerate. Now we’re setting our eyes onto the second phase of our goal. In seeking out these crucial growth enablers, we are focusing on North America, specifically the United States.
On behalf of our team, I’d like to thank our community of shareholders and partners for their continued support as we transition to the next stage of our roadmap. We are very proud of the diverse roster of businesses we’ve gathered under Starfleet. Guided by the market experts, experienced entrepreneurs, and savvy technologists that make up SFIO’s leadership, we are utilizing our entire bench of players to stage an exciting, disruptive entrance into North America.
Sincerely,
Jeths Lacson
CEO and Chairman of Starfleet Innotech
For media enquiries, please contact:
Craymond Yeong, PR & Marketing Specialist
Starfleet Innotech, Inc.
Phone: (+64) 21 0833 2966
Email: info@sfio.co.nz
Twitter: @SFIO_Inc
Facebook: @starfleetinnotech
YouTube: SFIO
About Starfleet Innotech, Inc.
Starfleet Innotech, Inc. (OTC: SFIO) is a global investment holding company focused on innovation through disruptive collaborations across its three key industries: Food and Beverage (F&B), Real Estate, and Technology. 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.
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.
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