Global Fiber Tech to tap International Monetary’s Nationwide Network of Accredited Investors, Analysts, and Broker-Dealers
Somerset NJ, Oct. 31, 2019 (GLOBE NEWSWIRE) -- Somerset, NJ October 31, 2019 – Global Fiber Technologies, Inc. (OTCQB: GFTX ), the New Jersey based “textile fiber” technology company is pleased to announce that it has retained Newport Beach, CA-based International Monetary (“IM”) to develop and manage a comprehensive investor relations program and finance initiative.
“We are about to begin an aggressive roll-out of the Authentic Heroes products starting in the next few weeks. In addition, we are receiving tremendous interest for our ECOTEK360 sustainability platform by some of the world’s largest brands and textile companies stated Chris H. Giordano President and Chairman of Global.
In the past we have not really attempted with any conviction to roll out an investor relations program in the past, because up until now, we had very little to say. That has changed dramatically. It is now time the investment community learns about the disruptive nature of what we bring to our markets as well as the substantial financial opportunities it brings to our shareholders”
Paul Serbiak Global’s CEO stated, “We chose International Monetary because we wanted an experienced and well-connected investor relations firm that we felt was capable of keeping up with us, ready to get out there and communicate what we believe is a company with game changing technologies and trade secrets combined with a compelling value proposition, and the ability to exemplify our commitment to building shareholder value. This is a very exciting time for us and our shareholders in the continuing evolution of our company and we wanted a firm that shared our excitement as well as our vision,” said Serbiak.
M.B. (Blaine) Riley, III, Managing Director and President of IM, states, “From the moment I met Chris and Paul and saw their portfolio of textile fiber technologies, I immediately recognized the enormous potential for this young company and wanted to be part of what I expect will be one of the most talked about stories of 2020 and beyond. The Global Fiber team are among some of the most driven, highly focused management teams I’ve ever had the pleasure of working with and I could not have met them at a more opportune time. They are at a breakout phase commercially and it’s now a perfect time to engage.”
“On the investor relations side, we will direct a series of initiatives to enhance shareholder value and ensure liquidity,” continues M.B. Riley. “We will introduce the company to a nationwide brokerage network comprised of broker-dealers and investment banks focused on the micro-cap and small-cap sectors. We will also leverage our relationships with these investment banks and work to try to secure select analyst coverage to open the door to millions of potential investors to unlock the true value of GFTX’s under-valued securities,” states M.B. Riley.
“Investor relations is just the beginning of what we intend to bring to this special company,” continues M.B. Riley. “Through our investment banking and strategic advisory arm, we will harness the power of a large network of accredited investors, institutions, funds, underwriters and lenders who provide a range of early stage to later stage financings. We will also advise the company on matters such as capital resources, structured financing, mergers and acquisitions, and advise the company’s management on other strategic decisions,” states M.B. Riley.
About International Monetary:
Founded in 1997, IM recognized a need to provide investment banking services with the speed and precision that is required in the new internet and technology economy. IM focuses on turnaround situations and rapidly growing small companies, specializing in debt/equity financing of under $1 billion. IM is led by a team of Managing Directors that offer several strategic advisory services, including providing capital resources, structuring financing for M&A, international licensing/commercialization, retail product/service distribution, advertising and marketing, and shareholder enhancement services. To learn more about IM, go to: www.intlmonetary.com
About Global Fiber Technologies:
Global Fiber Technologies (GFTX) operates three companies that are centered in the textile fiber industry in different capacities. Global's portfolio of patent pending technologies and know how are germane to the authentication, rejuvenation and distribution of textile fibers. Each one of our companies will draw on its portfolio of IP and trade secrets to give GFTX a potential competitive advantage over the competition.
For more Information, please visit: www.globalfibertechnologies.com
Safe Harbor Act
Forward-Looking Statements: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Global Fiber Technologies, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements including those relating to the Company's financing being adequate for the Company to place its products in retail stores, execute its acquisition strategy, and to launch its growth and expansion plans, among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Global Fiber Technologies, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. No information in this press release should be construed in any way whatsoever as an indication of Global Fiber Technologies Inc.'s future revenues, financial performance or stock price. More information about the potential factors that could affect the business and financial results is and will be included in Global Fiber Technologies, Inc., filings with the Securities and Exchange Commission at www.sec.gov.
SOURCE: Global Fiber Technologies, Inc.
Chris H Giordano
Paul Serbiak CEO