- Starfleet Innotech ( OTCPK:SFIO ) has entered into an agreement with PPM Toys to jointly explore an acquisition towards accelerating both companies’ global growth efforts.
- Through this partnership, SFIO will be pursuing a majority ownership interest in PPM Toys, through traditional channels as well as in the fields of e-commerce and non-fungible tokens.
- Revenues from these initiatives are expected to reach roughly $2.7M in 2022, growing to $8M in 2023.
- “We are confident that our presence in multiple regional markets, as well as our tech development capacities will help the company grow even further,” said Richard De Lima, Chief Investment Officer of SFIO.
For further details see:
Starfleet Innotech signs LOI to acquire PPM Toys