Chilliwack, British Columbia--(Newsfile Corp. - March 10, 2017) - Garmatex Holdings Inc. (OTC: GRMX) ("Garmatex Holdings" or the
"Company") today announced it has completed a comprehensive Licensing Agreement (the "Agreement") with Garmatex Technologies, Inc.,
("Garmatex"), a British Columbia developer and supplier of scientifically-engineered fabric technologies.
The binding
Agreement grants the Company the non-exclusive worldwide rights to manufacture, market, distribute, and sell products utilizing
Garmatex 's revolutionary intelligent performance fabrics. Garmatex's fabrics have wide applications in
multiple clothing and textile categories including sporting apparel, medical, sleepwear, linens, undergarments, military, designer
wear, protective, industrial, safety and concealment.
The Company anticipates filing a Super 8-K detailing the transaction with the Securities and Exchange Commission within the next
few days.
Contact:
Garmatex Holdings Inc. - Investor Relations
(778) 823-3104
E-mail:
devon.a.loosdrecht@gmail.com
Cautionary Language Concerning Forward-Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events,
including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties
and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different
from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and
other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results,
levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect
to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of
operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements
for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking
statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public
filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at
http://www.sec.gov.
