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Global Fiber Technologies, Inc. (GFTX)

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0.00310.0000 (0.00%)
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Neutralpattern detected
Previous Close0.0031
BidN/A x N/A
AskN/A x N/A
Day's Range0.0030 - 0.0035
52 Week Range0.0002 - 0.0171
Avg. Volume9,035,401
Market Cap3.879M
Beta (5Y Monthly)2.53
PE Ratio (TTM)N/A
EPS (TTM)-0.0540
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Authentic Heroes and Maestro Entertainment Corp., Sign Letter of Intent to Create Music NFT Bundles

    SOMERVILLE, N.J., Nov. 15, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Global Fiber Technologies, Inc., (OTC PINK: GFTX) through its subsidiary Authentic Heroes, Inc., today announced that it has entered into a Letter of Intent to initially create a joint venture with Maestro Entertainment, Corp and use their holding company to initially license Maestro's music catalog of 10,000+ masters recordings and also leverage Maestro's industry relationships to create additional opportunities for the comb

  • GlobeNewswire

    Authentic Heroes Partners with Maxx Management LLC To Create One Of A Kind Memorabilia Package

    Parties Will Create Rev Share Programs with NFTs and Authenticated Collectible ClothingSOMERVILLE, N.J., May 03, 2021 (GLOBE NEWSWIRE) -- Authentic Heroes Inc., a subsidiary of Global Fiber Technologies, Inc. (OTC Pink: GFTX ) has signed an agreement with Maxx Management LLC., whereby Maxx Management will platform the Authentic Heroes proposition to its numerous clients in both the sports and entertainment space. Chris Giordano Chairman/President of Authentic Heroes stated: “Maxx Management is led by a group of young, smart and ambitious people that we are excited to be working with. They understand our competitive advantages and our one of a kind value proposition very well. Most important is that they know how both their clients and their clients’ fan-bases will benefit by partnering with us rather than doing the typical, which is selling their event worn at auction. Working with Maxx Management will get us closer to our goal of democratizing the collectible clothing business, because we make it affordable for the fan to own a piece of their favorite athletes’ or musical artists’ history. “History embedded” into an affordable item that can be either worn or shadowboxed as a collectible. By introducing the Authentic Heroes platform to the Maxx client base it will allow their clients to see how Authentic will create the ability to connect with more fans and at the same time earn greater income for themselves by selling potentially hundreds or thousands of collectibles instead of selling one at auction. Authentic Heroes is the only company which possesses patented technology which can take an original event worn garment, disassemble it, and then re-animate it many times over to its original design or a different design, but in either case both bearing the fibers from the original throughout the Authentic collectible. As we get closer live events being a mainstay, the goal is to have our products available at “will call” or bundling them with “live event” tickets for a one of a kind fan experience. In other words, order our products online in advance, then pick it up at the venue or have them delivered to you in advance. So working with a group like “Live Nation” or “Ticket Master” is the aspiration and goal down the road. NFTs being all the rage and in our view a permanent part of the collectible landscape will become a constant and valuable part of our revenue model as well. We will be “bundling” our collectible clothing with Non-Fungible Tokens which are themed around the original garment. There is a compelling argument for why we can exist strongly in the world of NFTs in having a value proposition that nobody else can offer. In keeping with the philosophy of the “Banksy burning” Authentic has the ability to do what no other company can. That is, we can disassemble the original item but instead of completely destroying the item, we take the fibers from the disassembly or intended “destruction” and then make authenticated replicas of the original and “bundle” them with NFTs. This is a first and unlike any other offering in the marketplace. “Paul Serbiak, CEO of Authentic Heroes and developer of the IP that drives Authentic Heroes’ value proposition stated: “Our proprietary technology allows us to do something that’s never been done before. We can reach more fans with truly authentic collectible clothing memorabilia than was ever possible before. Our unique and patented technology extends product reach to more fans and offers great value to fans for collectible memorabilia by lowering prices for collectible memorabilia while still strictly limiting numbers and scarcity. For client athletes and artists, we create greater monetization potential than is possible through the traditional memorabilia auction model. It’s a win-win for everyone in collectible clothing memorabilia.” CONTACT: Paul Serbiak Chief Executive Officer/Director 908-230-9080 Chris Giordano President/Chairman 973-390-0072

  • GlobeNewswire

    Authentic Heroes Building Block-Chain for Its Collectable Merchandise

    Global Fiber Subsidiary Sees Blockchain As A New Area Of OpportunitySomerset NJ, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Somerset, NJ, February 16th, 2021. Global Fiber Technologies, Inc., (OTC PINK: GFTX) Updates shareholders on fortifying its credibility in the collectable clothing arena. Chris Giordano President and Chairman stated “Counterfeit and stolen goods are a significant problem of global commerce. According to the Economist, “estimates for the total value of fakes sold worldwide each year go as high as $1.8 trillion and the problem lies in the inability to truly track the real from the fake as well as the provenance or ownership history of a particular item. Typically, due to historical and legacy reasons, many industries still use paper to prove whether something is real or whether a particular person actually owns a particular asset. Paper can be easily altered as well as lost or stolen. If you purchase a piece of memorabilia it is easy for the corresponding certificate of authenticity to say one thing, but for the item to be something entirely different. Steiner Sports suing The New York Giants and Eli Manning is just an example of how the authentication process can run amuck. “The Authentic Heroes business model is being built around having the only patented process to create Fanwear which contains the “authenticated fibers” from an original event worn garment and create a series of limited edition collectables from that very original. One of the things thing that separates us from every other manufacturer of fanwear is our ability to track the fibers from the original and provide our customers authentication features that range from a UPC Code embedded into the fibers, a UV pen light that allows the fan to see them, and a QR code that contains personal registration information. We are now going to further those standards of unmatched authenticity for our past and future customers. The incorporation of block chain technology will bring to our customers the 100% confidence in knowing that every time they purchase an item from Authentic Heroes it will be not only have the aforementioned security and provenance features, but the item will be registered in their own personal ownership portal to be known as “My Authentic Blockchain” It will be accessed by simply scanning the QR code sewn or embedded into each item we sell. Once a purchase is listed on our blockchain, the ownership becomes immutable, unless the actual owner verifies a change. With My Authentic Blockchain you can store your ownership credentials for both your physical and soon to be "virtual collectables" with the confidence of knowing your purchase and true ownership will never be compromised as a reslt of counterfeiting or the misapprpriation of true ownership. Henceforth, we have hired “Code Zeroes” a leading developer of blockchain technology to build out a state of the art system for us which can be easily expanded and utilized for more than registering Authentic Heroes items but also have the scalability and flexibility to handle virtual product offerings in the future. We will be starting the development of the Authentic Heroes blockchain this week and should have it completed within the next 4-6 weeks to coordinate with the sales and delivery of the merchandise in our relationship with YUNGBLUD and Bravado/Universal Music. True provenance and “Proof of Ownership” is tantamount to everything in the collectables business. It is our goal at Authentic Heroes to be the gold standard for the industry. Blockchain technology will not only further our product’s and our brand’s credibility but also allow us to expand our entrée into “virtual product” offerings in the near future. We welcome the opportunity to use our entrée into the world of blockchain to continue strengthening our message, positioning our products and creating a new world of opportunity for the company. In addition, we are nearing the end of our 2019 audit and expect to file our 2019 10-K in the next few weeks if not sooner. We are staying on the path of becoming “current” with our filing requirements and eventually relisting the common stock on as an OTCQB designated company. We look forward communicating our progress on both fronts with you in the not too distant future. CONTACT: Chris H Giordano President/Chairman 973-390-0072 Paul Serbiak CEO/Board Member 908-230-9080