RENAVOTIO, INC.
(RIII) AWARDED A PURCHASE ORDER FOR 1.734 MILLION DOLLAR PPE
MEDICAL EXAMINATION GLOVES
Tulsa, OK -- December 6, 2021 -- InvestorsHub
NewsWire -- Renavotio, Inc. (OTCQB:
RIII) (the "Company"), an infrastructure investment company
focused on opportunities, including medical protective equipment,
5G, ISP, utility construction, utility management, IoT, water,
waste management technology, and related industries, announced that
an overseas client issued a purchase order for an additional
1.7 million dollars of 100% Nitrile medical examination gloves from
its on-hand inventory of Personal Protective Equipment
("PPE").
The conditions of the purchase order call for an
advance of $233,796, with the balance of $1,502,204 to be
released upon issuance of the Bill of Lading confirming
shipment.
This sale, once completed, reduces the Company's
inventory and increases its cash position. This transaction is at
an opportune time for the Company to meet its planned
infrastructure equipment purchases and expanded management team.
The Company is also updating all of its license, bonds and
registration applications to take advantage of several unique
infrastructure bids expected in the first quarter of next
year.
Billy Robinson, the CEO and Chairman of Renavotio
commented, "This sale allows us to takes advantage of the inventory
we have on hand and give us capital to make needed upgrades in our
infrastructure equipment and hire key management personal to take
advantage of the upcoming opportunities. This will put us in a
better position to bid on potential infrastructure projects over
the next 12 months."
About Renavotio,
Inc.
Renavotio, Inc. (OTCQB:
RIII) an infrastructure investment company focused on
opportunities, including medical protective equipment, 5G, ISP,
utility construction, utility management, the internet of all
things, "(IoT"), water, waste management technology, and related
industries. The Company's wholly owned subsidiary, Renavotio
Infratech, Inc. ("RII"), includes business and acquisition
strategies concentrating on medical protective equipment and
infrastructure with utility construction and consulting/operational
agreements with small towns or county CO-OPS that operate their own
water and sewer systems, providing long-term savings, utilizing
smart-utility monitoring, and dedicated engineering and service
personnel. These platforms capture utility data from hand-held GPS
devices or in-place sensors, with planned use of drones to identify
waste contamination, leak detection, and topographic underground
utility installation planning. RII's wholly owned subsidiary,
Utility Management Corp, is a holding company focused on
infrastructure, 5G, utility construction, utility management, IoT,
water and waste management technology, and related industries.
Utility Management Corp's subsidiary, Utility Management and
Construction (UMCCO) is an engineering and smart utility management
company that provides a one-stop solution to rural communities to
reduce the consumption of electricity, data, natural gas, and water
utilities for commercial, industrial and municipal end users.
UMCCO's unique approach creates immediate bottom-line savings for
its clients, by providing engineering, planning, permitting and
installation through their second wholly owned subsidiary, Cross-Bo
Construction, which specializes in water, sewer, Telcom, and 5G
design and installation, establishing a long-term value proposition
while also achieving respective sustainability goals. www.umcco.com.
For additional information on Renavotio,
please visit: www.renavotio.com
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Forward Looking Statement
This news release includes certain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities and Exchange Act of 1934, as amended. Forward-looking
statements are necessarily based upon estimates and assumptions
that, while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors may cause the actual
results and future events to differ materially from those expressed
or implied by such forward-looking statements. Such factors include
general business, economic, competitive, regulatory, markets and
other conditions, political and social uncertainties. There can be
no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. No information
in this news release should be construed as any indication
whatsoever of the Company's future stock price, revenues, results
of operations, and whether the Company will be successful and
fulfill its stated goals. There are no assurances that there will
be successfully bid on infrastructure projects. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Investor Contact:
Renavotio Inc.
601 South Boulder Ave.
Suite 600 Tulsa, OK 74119
(888) 928-1312
Email: brobinson@renavotio.com
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