New York, New York--(Newsfile Corp. - March 21, 2023) - Starfleet Innotech, Inc. (OTC: SFIO) and Enjoy Health signed this week an official memorandum of agreement (MOA) to jointly enhance both companies' revenues and operations through a strategic acquisition of Enjoy Health by Starfleet.
Enjoy Health is a Philippine brand of premium health and wellness products. With C8 MCT Oil and Powder among their primary products, Enjoy Health caters to the growing market for high-quality natural health and wellness goods. Latest market data from the Global Wellness Institute valued the global wellness market at $4.4 trillion, with the Healthy Eating, Nutrition, and Weight Loss sector pegged at $946 billion.
Under this latest agreement, Enjoy Health will be joining global investment holding company Starfleet Innotech as part of its Food and Beverage division, complementing the company's conglomerate-wide focus on the global wellness industry. Starfleet's investment, structured as a shares swap agreement, will see the conglomerate taking a significant minority stake in Enjoy Health, while also granting them control over the strategic direction, funds allocation, and management of Enjoy Health.
"Whether it be building wellness-oriented townships and integrative health centers under our real estate brand Moraya, or developing healthy food products under our Epiphany Cafe lines, we at Starfleet Innotech see a bright future in investing in the global wellness industry," said Starfleet Innotech CEO Jeths Lacson. "Enjoy Health's product lineup perfectly complements our strengths as a launchpad for quality products looking to reach new markets. As always, we expect this partnership to enhance the growth of our combined revenues, improving our combined valuation for the benefit of our stockholders."
Enjoy Health's products are currently being exported and distributed in the United States. Over the next two years, Enjoy Health estimates revenues of $8M from their current and pipeline contracts, projected to grow to up to $20M by 2027.
To further expand their reach, Starfleet Innotech introduced Enjoy Health's products to UAE distributors at the 2022 Organic Trade Show in Dubai. Today, these products are now being registered and marketed by Starfleet's Dubai-based product distribution team for distribution in the Middle East, with Australia and New Zealand soon to follow.
About Starfleet Innotech, Inc.
Starfleet Innotech, Inc. (OTC: SFIO) is a global investment holding company focused on innovation by identifying disruptive collaborations both within and outside its three key industries which include: 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, Starfleet strategically invests in potential high-growth businesses, building synergies across its diverse portfolio to provide maximum stockholder value. Guided by tradition, driven by innovation, and enabled by collaboration-Starfleet is focusing its resources on a growth trajectory to build a global business ecosystem, as reflected by its diverse industry investments.
About Enjoy Health
Enjoy Health is a Philippines-based business developing premium health and wellness products. With C8 MCT Oil and Powder among their primary products, Enjoy Health caters to the massive global market for natural health and wellness goods.
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: SFIO
YouTube: SFIO (Starfleet Innotech)
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 the 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.
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