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GBLT Receives €275,000 Order with Office Supply Retailer

·3 mins read

TORONTO and DUEREN, Germany, Sept. 24, 2020 /CNW/ - GBLT Corp. (TSXV: GBLT) (OTCQB: GBLTF) (FSE: 4G9) ("GBLT" or the "Company"), a global distributer of mobile energy solutions and Personal Protection Equipment ("PPE") products, is pleased to announce that it has received an order from a French office supply company Alterburo for €275,000. GBLT will deliver its unique Dr. Senst brand of protective masks and anticipates follow-up orders from Alterburo upon full turnover of this first order.

As a result of the COVID-19 pandemic, GBLT entered into the PPE industry in March of this year to match demand from existing and new clients for products such as masks, sanitizers and thermometers. Due to sustained demand from the existing distribution network, GBLT has relaunched its Dr. Senst brand of products to offer distributers and retailers a branded, trusted solution.

"Our Dr. Senst brand of personal protective equiptment is quickly becoming a trusted brand for distributers to offer their clients as demand for face masks continues to grow throughout Europe due to both changing consumer behavior and government regulations," said Dr. Thilo Senst, CEO of GBLT Corporation. "Consumers are now becoming more conscious of protecting themselves against COVID-19 through simple actions such as wearing a protective mask. Coupled with government regulations throughout the world requiring masks in public, distributers such as Alterburo are looking to brands such as Dr. Sesnt to offer their clients to provide a sense of security."

About GBLT:

GBLT, indirectly through its operating company, GBT GmbH, is a diversified lighting and battery company and the official licensee for Polaroid light products (LED and all other lighting technology including retail and projects), Polaroid energy storage systems (mobile and fixed systems), and AGFAPHOTO mobile energy products (such as batteries).

GBT is focused on capitalizing on the current global trends in the rapidly growing energy storage and lighting sectors through the branding, sale and distribution of electronic products, including some under private labels, for residential and commercial markets. Through its licensing and branding partnership with Polaroid for lighting and mobile energy storage products, GBT has an immediate focus on launching its line of energy storage products in Europe, North America and internationally. GBT is also pursuing various large global commercial lighting projects.

Forward-Looking Information
Certain statements in this news release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning the Company's proposed activities under the Agreement, the Company's ability to achieve sales, commercial or otherwise, from its products, and the expectations of the Company regarding funding payments due pursuant to the Agreement. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company. Readers are cautioned not to place undue reliance on forward looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE GBLT Corp.

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View original content: http://www.newswire.ca/en/releases/archive/September2020/24/c6176.html