Branded Legacy,
Inc. Unveils Major Equipment Acquisition Raising Total Assets
to $3,787,215.00
Asset Portfolio
Increases By 1,412% In Under 2 Months
Melbourne, FL --
January 30, 2024 -- InvestorsHub NewsWire -- Branded Legacy,
Inc. (OTC.PK:
BLEG), a
leading innovator in research, development, and production,
announces that it has increased its assets to $3,787,215.00, which
is a 1,412% increase as compared to the end of Q3. The Company's
recently acquired Laboratory and packing equipment greatly bolsters
its research and development, product production and packaging
operations.
The extensive range of equipment acquired includes
multiple High-Performance Liquid Chromatography (HPLC) and Gas
Chromatography systems, various centrifuges, vacuum ovens, an
irradiating flow hood, incubators, labeling machinery, packaging
equipment, industrial chillers, autoclave, blister packer, sonic
homogenizers, high-powered microscopes, and more. This diverse
array of tools empowers BLEG to conduct precise chemical
composition analyses, create controlled research environments, and
efficiently handle various stages of product development, labeling,
shipping, bottling, and tube filling.
The Company recently expanded its capabilities with
the acquisition of state-of-the-art equipment valued at $252,900.00
at a cost of $106,500.00 while incurring no additional debt. This
strategic investment positions BLEG at the forefront of
cutting-edge technology, enhancing its capacity for chemical
analysis, alkaloid separation, and advanced research and
development.
The total investment of $106,500.00 demonstrates
BLEG's commitment to advancing its capabilities and staying at the
forefront of technological innovation. The company aims to harness
the power of these new tools to expedite research processes, ensure
product quality, and meet the growing demands of its
customers.
"We are
thrilled to announce this significant expansion in our operational
capabilities. Bringing in this equipment allows us to eliminate
several production choke points, giving us the ability to meet
increasing demand in a timely manner." said David Oswald, CEO at
Branded Legacy, Inc. "This strategic investment underscores our
dedication to providing high-quality products and services to our
clients."
In addition to the equipment acquisition, BLEG
acknowledges that its current facilities are reaching capacity.
Plans are underway for facility upgrades to accommodate the
expanded operations seamlessly. The company is committed to
creating an environment that fosters innovation and efficiency,
ensuring it remains a key player in the industry.
In other recent company news, Branded Legacy, Inc.
successfully removed $1.5 million of debt from its balance sheet
through a strategic debt purchase initiative, negotiating the
purchase of their entire outstanding debt of $1,500,000 at a
remarkable price of $450,000. This strategic decision not only
eliminates a substantial liability but also safeguards against any
potential conversion of the debt into shares.
About Branded
Legacy, Inc.:
Branded Legacy, Inc. (OTC: BLEG) is a
diversified holdings company focused on the biotech sector. With a
commitment to excellence and innovation, Branded Legacy specializes
in the development and marketing of cutting-edge products and
services. The company's diverse portfolio includes ventures in
biotechnology, digital solutions, and wellness products, all aimed
at enhancing the quality of life for its customers. Branded
Legacy's strategic approach to growth involves identifying and
integrating promising businesses and technologies that align with
its mission to deliver sustainable, high-quality products and
services.
Investor Relations & Media
Contact
Joe Holladay
Branded Legacy
Phone: 321-345-3565
Email: info@brandedlegacy.com
Website: https://brandedlegacy.com/
Safe Harbor
Statement on Forward-Looking Language:
This release includes
forward-looking statements, which are based on certain assumptions
and reflect management's current expectations. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. Some of these factors include
general global economic conditions; general industry and market
conditions and growth rates; uncertainty as to whether our
strategies and business plans will yield the expected benefits;
increasing competition; availability and cost of capital; the
ability to identify and develop and achieve commercial success; the
level of expenditures necessary to maintain and improve the quality
of services; changes in the economy; changes in laws and
regulations, includes codes and standards, intellectual property
rights, and tax matters; or other matters not anticipated; our
ability to secure and maintain strategic relationships and
distribution agreements. Dilution, if any, would be for the
purposes of management taking stock in lieu of cash salary. The
company disclaims any intention or obligation to update or revise
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