“This quarter’s results speak to Starfleet’s continued commitment to forge new global business opportunities,” said Jeths Lacson,
During the period covered, the company was able to successfully convert approximately 269 million shares held by current officers and key partners into a new class of Series B Preferred Shares. The goal of this initiative is to demonstrate Starfleet’s commitment for long term engagement. Within the specific key divisions of the company, progress has been made in expanding across Real Estate and F&B. In real estate, a detailed business plan has been completed for MORAYA, charting its pilot micro-township projects in
Meanwhile, market research and feasibility studies have been completed for Starfleet’s flagship F&B business,
Following the covered period, Starfleet also managed to secure a number of strategic partnerships and onboard critical new talents. These milestones include:
- Letter of Intent signed on
July 7, 2022 , exploring an acquisition of Enjoy Health Philippines, a company involved in the distribution of organic and superfood products inthe Philippines ,UAE , and the US. - Letter of Intent signed on
July 16, 2022 , exploring an acquisition of ProcessPlastic De Mexico (PPM Toys), a Mexico corporation, manufacturing several branded/licensed toys. Operating since 1970, with more than ten product lines and have sold more than 75 million toys, PPM brings not only significant business to the ecosystem, but also major opportunities in the fields of licensing, merchandising, e-commerce, and non-fungible tokens. PPM Toys has since completed its initial financial audit as part of Starfleet’s due diligence requirements. - Letter of Intent signed on
July 20, 2022 exploring an acquisition ofEcoelements, Inc. , a company that owns and distributes ‘Herbs of the Earth’ food supplements manufactured in the US, distributed inthe Philippines , as well as in other parts ofAsia and the US. Soft Landings Business Accelerators, Inc. joinedStarfleet Innotech onJuly 26, 2022 as a strategic financial advisory team to oversee major projects inthe Philippines . Soft Landings’ services span financial advisory, M&A, asset joint ventures, project term loans, general project management, sales and marketing management, and more.- The company officially onboarded its new president,
Steven Insalaco . Insalaco brings over 30 years of executive management, corporate finance, and family office experience to SFIO. His expertise is focused company operations and capital structure, utilizing mergers and acquisitions, as well as other business modalities, to improve efficiencies and drive growth, valuations, and returns for capital sources and investors.
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FORWARD LOOKING STATEMENTS
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When used herein, the words “anticipate”, “believe”, “could”, “estimate”, “expect”, “going forward”, “intend”, “may”, “ought to”, “plan”, “project”, “seek”, “should”, “will”, “would” and similar expressions, as they relate to Starfleet or Starfleet’s management, are intended to identify forward-looking statements. These forward-looking statements reflect the Starfleet’s views at the time such statement were made with respect to future events and are not a guarantee of future performance or developments. You are strongly cautioned that reliance on any forward-looking statements involves known and unknown risks and uncertainties. Actual results and events may differ materially from information contained in the forward-looking statements as a result of a number of factors, including any changes in the laws, rules and regulations relating to any aspects of Starfleet’s business operations, general economic, market and business conditions, including capital market developments, changes or volatility in interest rates, foreign exchange rates, equity prices or other rates or prices, the actions and developments of the Starfleet’s competitors and the effects of competition in the food manufacturer and service sector , technology applications and components, and real estate development. Sales and property management on the demand for, and price of, Starfleet’s products and services, various business opportunities that Starfleet may or may not pursue, changes in population growth and other demographic trends, including mortality, pandemics, morbidity and longevity rates, persistency levels, Starfleet’s ability to identify, measure, monitor and control risks in Starfleet’s business, including its ability to manage and adapt its overall risk profile and risk management practices, its ability to properly price its products and services, including property development capital expenditures and establish reserves for future policy benefits and claims, seasonal fluctuations and factors beyond the Starfleet’s control. Subject to the requirements of the Listing Rules, Starfleet does not intend to update or otherwise revise such forward-looking statements, whether as a result of new information, future events or otherwise. As a result of these and other risks, uncertainties and assumptions, forward-looking events and circumstances discussed herein might not occur in the way Starfleet expects, or at all. Accordingly, you should not place reliance on any forward-looking information or statements. All forward-looking statements herein are qualified by reference to the cautionary statements set forth in this section.
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