14:28:04 EDT Sun 20 Sep 2020
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Symbol GBLT
Shares Issued 112,525,619
Close 2020-08-21 C$ 0.04
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GBLT hires Virtus for corporate communications services

2020-08-21 17:19 ET - News Release

Dr. Thilo Senst reports


GBLT Corp. has retained Virtus Advisory Group Inc. to develop and implement a strategic corporate communications program to increase the company's exposure among industry stakeholders and investors across Canada.

"GBLT has performed extremely well over the past several quarters; however, our story has not been communicated to Canadian audiences effectively to date," said Dr. Thilo Senst, chief executive officer of GBLT. "We have engaged Virtus Advisory to share the GBLT story with their extensive network of Canadian investors throughout the country and are confident that their efforts will translate into a larger audience of investors that will recognize the vast market opportunity we are pursuing."

In connection with the engagement, Virtus has been awarded a consulting contract that includes a monthly fee of $10,000 and a grant of incentive stock options, which will vest in equal instalments over 12 months, to acquire 900,000 common shares of the company, exercisable at a price of four cents per share for a period of five years from date of grant. The options shall be subject to the terms of the company's stock option plan and the policies of the TSX Venture Exchange.

About GBLT Corp.

GBLT, indirectly through its operating company, GBT GmbH, is a diversified lighting and battery company and the official licensee for Polaroid light products (LED (light-emitting diode) and all other lighting technology, including retail and projects), Polaroid 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.

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