Dr. Thilo Senst reports

GBLT ANNOUNCES EXPANSION OF EXISTING ORDER WITH AN INTERNATIONAL RETAILER FOR A TOTAL VALUE OF OVER $3.5 MILLION

A major international retailer has increased its order with GBLT Corp. for the third time this year for the 2023 pipeline. The order is an addition to the already standing 1,644,385 euros (approximately $2.36-million (Canadian)) for the company's Dr. Senst consumer health care line and will add another 843,071 euros (approximately $1.21-million (Canadian)) to a cumulative order of 2,487,456 euros (approximately $3.58-million (Canadian)) for the year 2023.

"We are pleased that our product lines continue to be in high demand despite the economic uncertainty in Europe today," said Dr. Thilo Senst, chief executive officer of GBLT. "Our Dr. Senst line of health care products have continued to gain significant traction among consumers looking for quality products for affordable prices. Over the years, we've also have established very strong relationship with this international retailer and strongly believe that our product's quality and value will continue to be recognized by our partners and customers globally. We continue to focus on scaling our high-margin products and expanding our customer reach in Europe and globally. We remain optimistic and bullish for 2023 based on our activities and traction we have experienced in the second half of 2022."

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.

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