19:09:47 EDT Thu 02 May 2024
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or Name
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GBLT Corp
Symbol GBLT
Shares Issued 113,328,091
Close 2023-07-12 C$ 0.06
Market Cap C$ 6,799,685
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GBLT expands Dr. Senst products to Middle East, Africa

2023-07-12 10:28 ET - News Release

Dr. Thilo Senst reports

GBLT COMMENCES EXPANSION INTO AFRICA AND MIDDLE EAST BY ESTABLISHING REGIONAL SALE OPERATIONS

GBLT Corp. has expanded the Dr. Senst personal health care products into the Middle Eastern and African markets and established regional sales operations.

"We are excited to continue scaling our business globally by expanding our Dr. Senst personal health care product lines into the Middle East and African regions by utilizing our existing relationships as well as establishing new regional sales operations," said Dr. Thilo Senst, chief executive officer of GBLT. "Our Agfaphoto-branded battery products have had established long-standing relationships with distributors in these regions, and we are working to introduce and expand our personal health care product line through the same and additional channels. In addition to utilizing our existing relationships, we have also bolstered our sales efforts by retaining Jacque Van Zyl, a local sales manager out of Dubai, to run the regional operations and utilize his extensive network in Africa and the Middle East to further support our global expansion initiatives. These critical steps are all part of the core GBLT corporate strategy of expanding our product reach outside the EU [European Union] markets and we look forward to utilizing both our existing relationships and Jacques's network to further scale and grow our operations globally."

Dr. Senst continued: "We continue to target expanding our high-margin product lines into opportunistic markets where the demand for our specific products would maximize our bottom-line profits. We see a gap for high-quality health care products in the Middle East and African markets and we are strategically expanding into these markets and utilizing the most effective verticals to ensure our success as we continue to expand our operations globally."

About GBLT Corp.

GBLT, through its operating company, GBT GmbH, designs, manufactures and supplies mobile storage and battery solutions. GBLT is also a leading provider of renewable energy solutions through its solar division, participating in the rapidly growing solar energy market. In addition, the company offers consumer health care and wellness products to some of the largest retail chains across the globe. GBT is also an official licensee for Agfaphoto mobile energy products. The company's branded health care and well-being products are primarily sold throughout Europe under the Dr. Senst brand.

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