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GBLT Corp
Symbol GBLT
Shares Issued 113,328,091
Close 2023-03-06 C$ 0.11
Market Cap C$ 12,466,090
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GBLT receives $828,000 order from EU drugstore

2023-03-07 13:44 ET - News Release

Dr. Thilo Senst reports

GBLT RECEIVED EUROS575,000 ($828,000 CAD) ORDER FROM ONE OF EUROPE'S LARGEST DRUGSTORE RETAILERS

GBLT Corp. has received an order for a total of 575,000 euros ($828,000 (Canadian)) from one of the largest drugstore retail chains in Europe to deliver an array of the personal health care products and consumables. This major European retailer has been the Company longest stranding customer and has continuously increased its product purchases from GBLT since 2005.

"We are pleased to continue with our longest-standing relationship with this international retailer in providing solutions that further diversify our product offerings," said Dr. Thilo Senst, CEO of GBLT. "This international retailer is moving towards increasing its in-house brand product presence which has been a trend for major retailers in Europe recently due to the increasing prices from vendor manufacturers. Therefore, in addition to already providing our competitively priced Dr. Senst branded products to the client, we have been selected to provide their in-house brand of personal healthcare products as well. We are now being vertically integrated into the retailer's revenue structure by becoming their private label supplier, which provides us with a high margin and stable revenue stream on top of the current discussions with the international retailer to expand our Dr. Senst branded offerings."

Dr. Senst continued, "Over the years we have provided high quality products to international and local retailers, and we have continued to expand our product offerings based on the specific demands of our clients. We are very pleased with our continued expansion within our existing clients and look forward to further scaling our high margin products and efficiently diversifying our sources of revenue to face whatever volatility the future markets may bear."

About GBLT:

GBLT Corp., 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 via its solar division, participating in the rapidly growing solar energy market. In addition, the Company offers consumer healthcare 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 healthcare and wellbeing products are primarily sold throughout Europe under Dr. Senst brand.

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