Starfleet Innotech Inc (SFIO)

[BBB]

Company finalizing multiple beverage M&A deals

LAS VEGAS, Jan. 28, 2020 /PRNewswire/ -- Smokefree Innotec (OTC: SFIO) ("The Company" or "Smokefree") a manufacturer and distributor of functional beverages in the health and wellness markets provides corporate updates to shareholders and 2020 strategic plans.

Smokefree is concluding diligence on multiple acquisition targets focused in the beverage sector to be brought under the Betta4U Brands, Inc. portfolio of beverage brands. Over the coming weeks, Smokefree intends to announce completed acquisitions to enter the energy drink sector, as well as the premium alcohol segment marking its official entry into the spirits market.

Chief Executive Officer, Bernard Rubin, stated, "We have been extremely selective in our acquisition strategy. Through our stringent evaluations we've identified multiple acquisition targets that have established sales channels with national reach and distribution. The company has huge plans for 2020 and we're excited to announce entry into new segments, including premium alcohol spirits, which will diversify our product offering and revenue streams."

Smokefree Innotec has started providing the initial information to OTC Markets needed to become current. In connection therewith, the company also plans to seek a name and symbol change by application to FINRA in order to better reflect the newly combined company's new business model. The process has taken longer than anticipated and Management now expects to have this completed during the first quarter of this year.