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GBLT Corp
Symbol GBLT
Shares Issued 112,525,619
Close 2020-01-14 C$ 0.07
Recent Sedar Documents

ORIGINAL: GBLT sends Kodak storage models to Jordanian partner

2020-01-14 18:24 ET - News Release

Received by email:

File: Attachment NR 14.01.2020 - EN.pdf

GBT expands further into the middle eastern region with its KODAK mobile storage systems

Toronto, Ontario, Canada - Dueren, Germany, January 14th 2020

GBLT Corp. (TSXV: GBLT I OTCQB: GBLTF I FSE: 4G9) ("GBLT" or the "Company") is pleased to
announce that its wholly owned subsidiary GBT sent its first KODAK mobile storage systems range to
its new exclusive partner in Jordan. By sending different mobile storage models, including compatible
solar panels, GBT directly approaches the Jordanian market with a wide product range.

Jordan is one of the fastest growing populations in the world. Countries like Jordan with a high-power
failure rate due to its difficult infrastructure, but at the same time with seven to ten hours of sun all
year around is a great market for GBTs solar rechargeable mobile storage systems. These products
offer an environmentally friendly solution to the population in order to overcome these power
shortages. Due to its geographical location Jordan is the perfect steppingstone into the middle eastern
market.

"Being a part of the global Kodak licensee family pays off. Mkateb is dedicated to the Kodak brand and
is distributing a wide range of Kodak products in the middle east. By being a global brand licensee of
Kodak, GBT has a natural, great access to highly repudiated wholesalers all over the world. We feel
honored, that with Mkateb we now can make a giant leap presence wise with having a great partner
in Jordan, with access to many other middle-east countries." says CEO Dr. Thilo Senst.

Update on $750,000 convertible debenture
The Company will not be proceeding with the proposed loan from as its chief executive officer, Joachim
Thilo Senst, of up to $750,000 (press release dated November 11, 2019). The loan would have been
completed through the issuance of an unsecured convertible debenture for an aggregate principal
amount of up to $750,000 bearing interest at a rate of 8 per cent per annum, payable quarterly and
maturing 12 months from issuance.

About GBLT:
GBLT, indirectly through its operating company, GBT GmbH, is a diversified lighting and battery company and the
official licensee for Polaroid light products (LED and all other lighting technology including retail and projects),
KODAK energy storage systems (mobile and fixed systems), and AGFAPHOTO mobile energy products (such as
batteries).

GBT is focused on capitalizing on the current global trends in the rapidly growing energy storage and lighting
sectors through the branding, sale and distribution of electronic products, including some under private labels,
for residential and commercial markets. Through its licensing and branding partnership with Polaroid for lighting
and mobile energy storage products, GBT has an immediate focus on launching its line of energy storage products
in Europe, North America and internationally. GBT is also pursuing various large global commercial lighting
projects.
    Neither the TSX Venture Exchange nor its Regulation Services Provider
    (as that term is defined in the policies of the TSX Venture Exchange)
     accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
Certain statements in this news release, which are not historical in nature, constitute "forward looking
statements" within the meaning of that phrase under applicable Canadian securities law. These statements
include, but are not limited to, statements or informa tion concerning the Company's proposed activities under
the Agreement, the Company's ability to achieve sales, commercial or otherwise, from its products, and the
expectations of the Company regarding funding payments due pursuant to the Agreement. These statements
reflect management's current assumptions and expectations and by their nature are subject to certain underlying
assumptions, known and unknown risks and uncertainties and other factors which may cause actual results,
performance or events to be materially different from those expressed or implied by such forward looking
statements. Except as required pursuant to applicable securities laws, the Company will not update these
forward-looking statements to reflect events or circumstances after the date hereof. More detailed information
about potential factors that could affect financial results is included in the documents filed from time to time with
the Canadian securities regulatory authorities by the Company. Readers are cautioned not to place undue reliance
on forward looking statements.



For further information please contact:
GBLT Corp.
Dr. Thilo Senst, CEO
Tel.: +1 604 609 7148
Email: investor@gbltcorp.com
 


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