SOMERSET, N.J. — August 3, 2020 — The pandemic posed great challenges for all companies including our own to manufacture and market their products. Now that we have conquered the supply chain challenges created by the shut-down our Authentic Heroes subsidiary is able to start producing and marketing our products in conjunction with our existing license agreements
We will begin by fulfilling our orders already taken on the Brett Favre Limited Edition series and will also be accepting new orders in conjunction with a social media marketing plan we will roll out shortly.
In addition to our Brett Favre series we will be working with Warren Sapp and his management team to launch a social media and podcast-based marketing program to roll out the Warren Sapp Limited Edition Series
Chris Giordano, chairman and president of Global Fiber Technologies, stated: “We have to always be mindful and careful that the pandemic and a resurgence is always possible. We cannot take for granted the possibility of a modification or a partial shutdown of supply chains if there is an aggressive resurgence of Covid-19.
“However, for as long as those challenges remain in check we will be as aggressive as the landscape will allow us to be.
“We are moving much closer to becoming actively involved with virtual streaming performances as it relates to the relationships we are developing with musical artists. Live streaming for concerts is now becoming part of the entertainment landscape until fans can fill the stadiums once again in both music and sports.
“As for the opportunity in music, the opportunities to cross-market licenses with those musical artists as they perform represents a great opportunity for us and we are aggressively pursuing that potential silo of opportunity as we speak.
“We have now completed our move to Broadalbin, N.Y., in conjunction with our collaborative agreement with Fiber Conversion Inc. We should be in a position to restart our testing in the coming weeks when our rejuvenation equipment is installed in the Fiber Conversion facility.
“The combined effort with them brings together the key elements of 1) Reducing our monthly overhead of fixed costs to almost zero. 2) Giving us the ability to produce our ‘rejuvenated fiber’ on a commercial scale since they have two large commercial grade lines in their facility.
“The order and march in commercializing our system and production process is to run a series of tests on our equipment. Then run trials on their commercial grade equipment and finally create sample products for their existing clients as well as our own prospects.
“Once we are at that point, we would be in and then retrofit their lines with our mechanical footprint and production process so we can create re-purposed products without having to spend millions of dollars and wait time to create a brand new ECOTEK360 type production line.
“We are very encouraged as to where we as a company given the prospects in front of us. We will move cautiously given the challenges of the pandemic and we look forward to reporting our progress as it unfolds.”
Posted August 3, 2020
Source: Global Fiber Technologies Inc.