Starfleet Innotech announces authorization of a new class of

NEW YORK, June 23, 2022 (GLOBE NEWSWIRE) — Starfleet Innotech, Inc. (OTC Pink: SFIO) today announced the successful partial amendment of its articles of association, creating a new share class to support its continued fundraising efforts. As part of this amendment, the Company has authorized 310,000,000 Series B Preferred Stock convertible at a rate of 10 Common Shares for each individual Full Voting Preferred Stock.

“With approval from NVSOS, these new authorizations will allow us to pursue more strategic acquisitions as well as bring onboard new officers and key partners,” said Jeths Lacson, CEO of Starfleet Innotech. According to Lacson, approximately 300,000,000 common shares (restricted) issued to existing executives and key partners will be converted into this new class of preferred stock. These shares are subject to a minimum 12-month moratorium on sales, additional selling restrictions and an opportunity to convert into common stock beyond the moratorium, and a right of first refusal for the Company to repurchase any shares offered.

For media inquiries please contact:
Craymond Yeong, PR and Marketing Specialist
Starfleet Innotech, Inc.
Telephone: (+64) 21 0833 2966
Email: info@sfio.co.nz
Twitter: @SFIO_Inc
Facebook: @starfleetinnotech
YouTube: SFIO

Around Starfleet Innotechinc
Starfleet Innotech, Inc. (OTC: SFIO) is a global private equity firm focused on innovation through disruptive collaborations across its three key industries: food and beverage (F&B), real estate and technology. With a strong presence in New Zealand, Australia, Malaysia, the United Arab Emirates, the United States and the Philippines, SFIO makes strategic investments in high-growth companies and builds synergies across its diverse portfolio to provide maximum shareholder value. Guided by heritage, fueled by innovation and enabled by collaboration, SFIO is on a rapid growth path to build a thriving global business ecosystem and shape the future 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 Starfleet’s beliefs and assumptions of Starfleet management and information currently available. By their nature, these forward-looking statements involve significant risks and uncertainties. These forward-looking statements include, without limitation, statements about Starfleet’s business prospects, future developments, trends and conditions in the industry and geographic markets in which Starfleet operates, its strategies, plans, objectives and objectives, its ability to control costs, statements related to on prices, volumes, operations, margins, capital expenditures, general market trends, risk management and exchange rates.

As used herein, the words “anticipate”, “believe”, “could”, “estimate”, “expect”, “anticipate”, “intend”, “may”, “should”, “plan”, “project”. ‘, ‘seek’, ‘should’, ‘will’, ‘would’ and similar expressions relating to Starfleet or Starfleet management are intended to identify forward-looking statements. These forward-looking statements reflect Starfleet’s views at the time the statements were made with respect to future events and are not guarantees of future performance or developments. You are expressly cautioned that reliance on forward-looking statements involves known and unknown risks and uncertainties. Actual results and events could differ materially from those contained in the forward-looking statements as a result of a number of factors, including changes in laws, rules and regulations relating to aspects of Starfleet’s operations, the general economy, market and business conditions, including capital market developments, changes or volatility in interest rates, foreign exchange rates, stock prices or other rates or prices, the actions and developments of Starfleet’s competitors and the effects of competition in the food manufacturing and service sectors, technology applications and components and real estate development. Sales and real estate management regarding the demand for and price of Starfleet 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, persistence levels, the Starfleet’s ability to identify, measure, monitor and control risks in Starfleet’s business, including its ability to manage and adjust its overall risk profile and risk management practices, its ability to appropriately price its products and services, including investments in the Property development and provisioning for future insurance payments and claims, seasonal fluctuations and factors beyond Starfleet’s control. Subject to the requirements of the Listing Rules, Starfleet does not intend to update or otherwise revise any such forward-looking statements, whether as a result of new information, future events or otherwise. Because of these and other risks, uncertainties and assumptions, forward-looking events and circumstances discussed herein may not occur in the way Starfleet anticipates, or at all. Accordingly, you should not rely on any forward-looking information or statements. All forward-looking statements contained herein are qualified by reference to the cautionary statements contained in this section.

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