Thursday, April 30, 2020 11:51:47 PM
$GFTX Global Fiber Technologies, Inc.(symbol change to 'GFTX' pending) is a holding company that specializes in fiber, textiles and apparel technologies through its subsidiaries. One subsidiary, Fiberchain, Inc., is developing a digital-based fiber exchange platform to facilitate buy/sell transactions of textile fibers on a global basis. In addition, the company is developing a portfolio of licensed as well as proprietary technologies and trade secrets that will bring cutting edge attributes and value added properties to the textile and apparel industries that will be branded as Eco Tek 360. We will be offering high tech apparel to the corporate, hotel, hospital, and military markets.
https://globalfibertechnologies.com/
Authorized Shares 2,500,000,000 03/27/2020
Outstanding Shares 456,575,514 03/27/2020
Restricted 16,803,456 03/27/2020
Unrestricted 439,772,058 03/27/2020
Held at DTC
399,605,658
03/27/2020
The Company having extensive experience in the area of textile fibers and fabrics examined its ability to compete and augment the current effort to fill the need for protective non-surgical masks in both the healthcare and first responder markets.
After looking at several factors ranging from due diligence of long-term market need, the design and supply chain challenges, Global Fiber Technologies, Inc., its management and Board of Directors decided to create a protective products division under its Authentic Heroes subsidiary.
The Company conducted extensive due diligence on our ability not only to create a quality product but to deliver those products in a timely manner. We consulted with our manufacturing partners on numerous occasions and thru such communications assessed our ability to potentially sustain an ongoing business in personal protective products.
Initially we examined our ability to make a “washable” non-surgical face mask. Secondly, we queried with several manufacturers on our ability to supply a protective insert option for the masks. Our findings with those manufacturers led us tour conviction of being able to deliver non-surgical protective face masks within 30 days of a purchase order for initial orders, and then every two weeks thereafter for follow on orders.
The Company will continue to further its efforts to remain competitive in the business by [color=BLUE]seeking both N95 and Surgical N95 approvals from both NIOSH and the FDA by working with both federal agencies for the testing and their potential approval. The Company expects to begin that process in less than 30 days.[/color]
https://globalfibertechnologies.com/
Authorized Shares 2,500,000,000 03/27/2020
Outstanding Shares 456,575,514 03/27/2020
Restricted 16,803,456 03/27/2020
Unrestricted 439,772,058 03/27/2020
Held at DTC
399,605,658
03/27/2020
The Company having extensive experience in the area of textile fibers and fabrics examined its ability to compete and augment the current effort to fill the need for protective non-surgical masks in both the healthcare and first responder markets.
After looking at several factors ranging from due diligence of long-term market need, the design and supply chain challenges, Global Fiber Technologies, Inc., its management and Board of Directors decided to create a protective products division under its Authentic Heroes subsidiary.
The Company conducted extensive due diligence on our ability not only to create a quality product but to deliver those products in a timely manner. We consulted with our manufacturing partners on numerous occasions and thru such communications assessed our ability to potentially sustain an ongoing business in personal protective products.
Initially we examined our ability to make a “washable” non-surgical face mask. Secondly, we queried with several manufacturers on our ability to supply a protective insert option for the masks. Our findings with those manufacturers led us tour conviction of being able to deliver non-surgical protective face masks within 30 days of a purchase order for initial orders, and then every two weeks thereafter for follow on orders.
The Company will continue to further its efforts to remain competitive in the business by [color=BLUE]seeking both N95 and Surgical N95 approvals from both NIOSH and the FDA by working with both federal agencies for the testing and their potential approval. The Company expects to begin that process in less than 30 days.[/color]
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