NOVEMBER 18, 2020 - TheNewswire - Vancouver, BC - Softlab9 Technologies Inc. (CSE:SOFT); (CNSX:SOFT.CN); (Frankfurt:APO2); (OTC:SOFSF) ("SOFT" or the "Company"), is pleased to announce that its target acquisition Clean Go Green Go Inc. ("CleanGo" or "CleanGo GreenGo") has developed a new moisturizing hand sanitizer without the use of alcohol.
CleanGo's new product division led by Dr. Darren Clark and Dr. Juliana Ponton Caputo, have been working to develop a non-alcohol-based hand sanitizer with the same antibacterial and disinfecting characteristics as the World Health Organization ("WHO") recommended formulations. CleanGo's formula provides the same amount of protection, without the side effects of using alcohol-based hand sanitizers on a regular basis. Not only will its product kill viruses and bacteria but will do so while moisturizing your hands.
Anthony Sarvucci, CEO of CleanGo said, "Our products have been thoroughly tested and performed better than expected. Our next steps will be to register these products with Health Canada and the FDA. Once approved by the regulators, CleanGo intends to file patents on these proprietary formulations. We believe this new line of product will attract a wide-ranging audience. Our Advisory team has done a great job developing a quality product that meets or exceeds the WHO's standard for hand sanitizers."
Rahim Mohamed, CEO of SOFT said, "We believe this newly developed CleanGo premium product will open new markets for the combined entity. Having been involved throughout the development process of this new product line, I feel that the result is a very compelling product in the hand sanitizer space and is a different approach to killing bacterial and viral substances on your hands in an attempt to help curb the spread."
About CleanGo GreenGo
CleanGo GreenGo is an FDA and Health Canada approved Manufacturer of Green, Non-Toxic, and Biodegradable suite of cleaning products for industrial, commercial and consumer markets. CleanGo GreenGo, also manufactures hand sanitizer gel and wipes which are sold throughout the USA and Canada.
The active ingredient in CleanGo GreenGo 's proprietary solution was tested in 2015 by the US EPA and found effective against viruses and bacteria's including the Human Coronavirus on a hard surface. CleanGo's products are sold on various online platforms, including Amazon, as well as through distribution in retail, wholesale, and government agencies. CleanGo GreenGo utilizes a Patent Pending IP. The Patent was filed with the United States Patent and Trademark Office in February 2020 and currently holds a Patent Pending Status.
About SoftLab9
SoftLab9 Technologies Inc. is an international publicly traded company that specializes in the development of early staged companies. We provide access to capital, executive management and industry experience to grow our portfolio of companies.
SoftLab9's experienced team bring new ideas and innovation based on science to find solutions to the current world we live in. Customers rely on quality, nontoxic products to keep their homes clean and their loved ones safe.
Cautionary Note:
The Company is not making any express or implied claims that CleanGo GreenGo or any other product has the ability to eliminate, cure or contain the Covid-19 (or SARS-2 Coronavirus) at this time. Do not drink or consume any of the products at any time. Follow the instructions on the bottles. The products mentioned are meant to be used on surfaces and hands to sanitize to protect against bacteria and viruses. CleanGo GreenGo is not a cure, nor does it imply to be a cure for COVID-19.
CleanGo GreenGo and SOFT have entered into a letter of intent for the acquisition of CleanGo GreenGo by SOFT but have not signed a definitive agreement. The Company can provide no guarantee that a definitive agreement with CleanGo GreenGo will be signed or that it will be successful in completing the acquisition of CleanGo GreenGo.
For further information please contact:
Rahim Mohamed
Chief Executive Officer
Phone: (403) 605-9429
Paul Searle
Corporate Communications
Citygate Capital Corp
Phone: (778) 240-7724
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking Information
This news release contains forward-looking statements and forward-looking information (collectively, "for-ward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements in this presentation that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations, and orientations regarding the future, including without limitation statements related to the approval by Health Canada and the FDA of CleanGo's new moisturizing hand sanitizer, the filing of patents for the proprietary formulation of CleanGo's new moisturizing hand sanitizer, the new moisturizing hand sanitizer attracting a wide-ranging audience, CleanGo's new moisturizing hand sanitizer being a compelling premium product that will open up new markets. Forward-looking statements can often be identified by words such as "will", "plans", "expects", "may", "intends", "anticipates", "believes", proposes" or variations of such words including negative variations thereof and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements are based on certain assumptions by management regarding the Company, including, without limitation, completion of its acquisition of CleanGo GreenGo, CleanGo's new moisturizing hand sanitizer meeting or exceeding WHO's standard for hand sanitizers and the new moisturizing hand sanitizer being a compelling premium product that will open new markets. Actual results could differ from those projected in any forward-looking statements due to numerous factors including, risks and uncertainties relating to the inability of the Company, to, among other things, obtain any required governmental, regulatory or stock exchange approvals, permits, consents or authorizations required to execute its proposed business plans, and obtain the financing required to carry out its planned future activities. Other factors such as general economic, market or business conditions or changes in laws, regulations and policies affecting the Company's operations may also adversely affect the future results or performance of the Company. The Company can provide no guarantee that it will complete the acquisition of CleanGo GreenGo. Investors are cautioned that forward looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company does not intend to update or revise any forward-looking statements, except as expressly required by law.
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