SOFSF - CleanGo Innovations Establishes Strategic Alliance with Bottle N' Pak Texas; Charts Path to Cash Flow Positive Quarter
(TheNewswire)
Vancouver, B.C. – TheNewswire - January 24,2024 – CleanGo Innovations Inc. (CSE:CGII), (OTC:CLGO.F),(FRA:APO2), a leader in eco-friendly cleaning solutions, announces astrategic alliance with Bottle n’ Pak Texas, a prominent co-packingcompany located in Montgomery County, Texas. This partnership is apivotal move towards optimizing the company's bottling capabilities,which have been underutilized.
CleanGo Innovations Inc. is confident that this collaboration withBOTTLE N Pak Texas will significantly improve its cash flow, resultingin cash flow positive operations for its warehouse and monthly cashrequirements in the first quarter. This development marks a criticalstep in the company’s journey towards sustainable financial growth,allowing it to concentrate more on expansion of sales efforts andservicing of industrial clients.
Bottle n’ Pak Texas specializes in servicing a market segment thatrequires lower Minimum Order Quantities (MOQs), thus catering tosmaller companies. This alliance is anticipated to enhance theefficiency of CleanGo Innovations Inc.'s bottling processes and expandits service offerings to a wider client base.
Through this agreement CleanGo Innovations bottling and labellingequipment will be contracted to handle overflow orders from BOTTLE NPAK Texas. The company will be paid on a per piece basis with anexpected MOQ of 10,000 units per order. Currently the company has thecapacity to fill up to 10,000 bottles in an 8-hour shift.
Anthony Sarvucci, CEO of CleanGo Innovations, commented on the impactof this alliance: "CleanGo’s warehouse and retail bottlingequipment was purchased to support the companies’ growth for yearsto come. We are excited to utilize our equipment to the fullestextent, and increase cash flow through this alliance to serve thisniche market.” Continued Sarvucci, “In today’s market, smallproducer can’t find quality bottling and labeling services, withMOQ’s at most providers being well above 100,000 unites. This allowsCleanGo to take advantage of equipment downtime and apply a smallpremium charge to customers. Our internal market research shows thecost of unit preparation and filling can range from $0.35 to over $4per unit depending on complexity and size. "
CleanGo Innovations Inc. remains dedicated to driving sales and growthwithin the company. Through this strategic alliance and its focus oncash flow boosting activities, the company is poised to make asubstantial impact to its bottom line.
About CleanGo Innovations
CleanGo Innovations Inc. is an international, publiclytraded company that specializes in the development of early-staged,green, non-toxic and sustainable products used in retail, commercialand industrial applications.
The company is proud of its suite of proprietary, GreenSeal Certified non-toxic green products that are Health Canadaapproved to claim 99.9% disinfecting of viruses and bacteria on a hardsurface. CleanGo’s portfolio is proud to be a part of Cruelty Free /Leaping Bunny as a certified product while being both family and petsafe. It is CleanGo’s mission to create the world’s leadingnon-toxic, green solutions for the worlds cleaning problems.
CleanGo Innovation’s experienced team brings newideas and innovation based on science to find solutions to theproblems of current world we live in. Customers rely on quality,nontoxic products to keep their homes clean and their loved onessafe.
On behalf of the CEO & Board ofDirectors
Anthony Sarvucci
Chief Executive Officer
CleanGo Innovations Inc.
For More information Contact:
Phone 1 949 200 6534
Neither CSE nor its Regulation Services Provider (as that term is definedin the policies of the CSE ) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Information
This news release may contain forward-lookingstatements and forward-looking information (collectively,“forward-looking statements”) within the meaning of applicableCanadian and U.S. securities legislation. Forward-looking statementscan often be identified by words such as “will”, “plans”,“expects”, “may”, “intends”, “anticipates”,“believes”, proposes” or variations of such words includingnegative variations thereof and phrases that refer to certain actions,events or results that may, could, would, might or will occur or betaken or achieved. Actual results could differ from those projected inany forward-looking statements due to numerous factors, includingrisks and uncertainties relating to general economic, market orbusiness conditions or changes in laws, regulations and policiesaffecting the Company’s operations. Investors are cautioned thatforward-looking statements are not guarantees of future performance orevents and, accordingly are cautioned not to put undue reliance onforward-looking statements due to the inherent uncertainty of suchstatements. Any forward-looking statements included in this newsrelease are made as of the date hereof and the Company does not intendto update or revise any forward-looking statements, except asexpressly required by law.
Copyright (c) 2024 TheNewswire - All rights reserved.