Global Fiber Technologies, Inc.
Under the Symbol:
Global Fiber Technologies (OTCQB: GFTX) Announces the Opening of a Pilot Plant in Somerset
Thursday, July 18, 2019 7:30 AM
SOMERSET, NJ / ACCESSWIRE / July 18, 2019 / Eco Tek 360, Inc., a Global Fiber Technologies business, opens its doors to companies interested in improving their eco footprint.
Eco Tek 360, Inc. is a “green” apparel rejuvenation and fiber recovery company utilizing patent pending technology which takes landfill destined corporate uniforms and rejuvenates them into new, great looking uniforms.
Chris Giordano President and Co-Chairman of Global Fiber Technologies said, “It takes between 500 to 700 gallons of water to grow one pound of cotton and Eco Tek 360 can help save billions of gallons each year through utilization of its patent pending process.”
Eco Tek 360 is ready to help corporate America reduce carbon footprints and save billions of gallons of water since our technology uses a token amount water in the rejuvenation process. We will initially launch into the corporate uniforms market which is a $14B market in North America alone.
We will take corporate uniforms at the end of their useful life that would otherwise head for disposal and repurpose them back to the same company as sustainable, high quality uniforms for their employees. Our primary raw material is sourced from uniforms being disposed of by our corporate clients, allowing us to be competitive on price. To learn more about how Eco Tek 360 is helping corporate uniforms to be more sustainable, watch the video here.
“We believe it doesn’t have to cost more to be green,” said Paul Serbiak, CEO of Global Fiber Technologies.
With the opening of our New Jersey pilot facility, Eco tek 360, Inc. will begin BETA tests with several companies interested in augmenting their corporate sustainability in a totally new way in 2019 and expect to launch commercially in early 2020.
Safe Harbor Act
Forward-Looking Statements: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Global Fiber Technologies, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements including those relating to the Company's financing being adequate for the Company to place its products in retail stores, execute its acquisition strategy, and to launch its growth and expansion plans, among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Global Fiber Technologies, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. No information in this press release should be construed in any way whatsoever as an indication of Global Fiber Technologies Inc.'s future revenues, financial performance or stock price. More information about the potential factors that could affect the business and financial results is and will be included in Global Fiber Technologies, Inc., filings with the Securities and Exchange Commission at www.sec.gov.
Paul Serbiak, CEO
Chris Giordano, President/Co-Chairman
SOURCE: Global Fiber Technologies, Inc.