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GBLT Corp
Symbol GBLT
Shares Issued 113,328,091
Close 2022-07-18 C$ 0.05
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GBLT signs Agfaphoto distribution deal for Spain

2022-07-20 10:10 ET - News Release

Dr. Thilo Senst reports

GBLT ENTERS INTO AN EXCLUSIVE DISTRIBUTION AGREEMENT EXPANDING AGFAPHOTO BRAND INTO SPAIN AND EAST AFRICA

GBLT Corp. has successfully entered into an exclusive distribution agreement with a Portugal-based distribution partner for its Agfaphoto product line, with an expected minimum of $750,000 (U.S.) ($965,000) in the next three years. The distribution agreement grants the company's Agfaphoto brand to gain exposure to Spain, Mozambique and Tanzania.

"We are pleased to announce yet another exclusive distribution agreement shortly after the agreement to enter the Middle Eastern regions as we continue to focus on growing our presence globally," said Dr. Thilo Senst, chief executive officer of GBLT. "We currently have three major exclusive distribution agreements in place for our Agfaphoto-branded products covering the Australian, Middle Eastern, African and the European markets. Diversifying our product distribution into various regions allows us to counteract some of the market volatility faced today. For instance, countries in the African region are poised to grow economically, with their raw material industry becoming more vital since the Russian-Ukraine war. The Agfaphoto product lines are a high-margin, freight-on-board business with efficient scalability. Through these initial agreements, we are establishing channels to introduce other offerings, including our Dr. Senst health care and well-being products. We continue to successfully engage with various organizations who recognize the quality and value behind all our product offerings and look forward to continuing with our expansion 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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