$TQLB 2ND PR THIS WEEK HIT PM! >> Torque Lifest
Post# of 35498
(Total Views: 197)
Posted On: 12/16/2021 9:37:38 AM
$TQLB 2ND PR THIS WEEK HIT PM! >>
Torque Lifestyle Brands JV Expands Production Space with Brand New 20 sq ft Facility on back of $4m Purchase Order
WHEAT RIDGE, CO, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Torque Lifestyle Brands Inc. (OTC Pink: TQLB) (“Torque” or the “Company”), an emerging leader in the manufacture of active lifestyle sports nutrition and supplements, is excited to announce it has opened its new Texas manufacturing facility.
Commenting on the development, Chief Operating Officer, Michael Bischoff stated that “the new production facility will have new sachet packing equipment which can service 20,000 packs and stick packs per day early 2022 as well as having a new dual-head powder filling line which will give the facility the capability to fill 10,000 units of product for per day once they come online.” He continued, “outside of the ‘powders’ we are already filling orders for, we have the new ‘capsule’ or ‘pill’ machines which will count and fill 15,000 units per day when we start that line up in the latter half of 2022. Zero Torque is shaping up to be a monster producer of pills and powders for the nutritional supplements industry.”
Zero Torque Manufacturing LLC currently supports the production of both Glaxon (www.glaxon.com) for GNC and Storm Lifestyles (www.stormlifestyles.com) both of which are brands that will have huge market pull. Glaxon was recently picked up by GNC as part of a new GNC partnership and Storm is launching in January and ramping up production of the Storm ‘Focus’ and ‘Pre-Workout’ products to accommodate for inventory requirements will begin in the coming days and weeks. Outside of those two initial partners, Zero Torque will be opening up capacity throughout 2022 to further brands requiring significant inventory production and expects to carve out a niche for itself, especially during COVID, by ensuring it has raw material inventory sufficient to run continuous operations and fill very large orders very fast.
The manufacturing facility, which occupies 20k sq foot near critical infrastructure in Austin, TX and is being setup so as to support existing orders and operations and will not only fulfil the $4m orders already received from Glaxon, but also fulfil orders expected over the coming weeks from American Metabolix Inc’s “Storm Lifestyles”.
The Company divested of its American Metabolix, Inc. subsidiary in August 2021, including Storm, and that brought in $500,000 of non-dilutive cash onto the balance sheet upon closing.
Torque recently announced that Zero Torque, the company’s majority owned JV subsidiary, had secured a $4m purchase order from GNC Partner ‘Glaxon’ (www.glaxon.com) as well as Torque already showing invoiced revenues on its P&L in excess of $1m. GLAXON is one of the fastest growing and most innovative brands in the active nutrition space. That growth has been driven by disruptive thought-provoking branding, product education, and transparent supplements that provide lifestyle solutions. GLAXON products have already received multiple industry awards in less than two years since launch and will now be manufactured at the Zero Torque Facility in Texas.
About Torque Lifestyle Brands Inc.
Torque Lifestyle Brands Inc. (OTC Pink: TQLB) is focused on its manufacturing JV approach and driving performance through partnerships, JV’s and acquisitions in the nutritional supplements space.
Torque Lifestyle Brands JV Expands Production Space with Brand New 20 sq ft Facility on back of $4m Purchase Order
WHEAT RIDGE, CO, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Torque Lifestyle Brands Inc. (OTC Pink: TQLB) (“Torque” or the “Company”), an emerging leader in the manufacture of active lifestyle sports nutrition and supplements, is excited to announce it has opened its new Texas manufacturing facility.
Commenting on the development, Chief Operating Officer, Michael Bischoff stated that “the new production facility will have new sachet packing equipment which can service 20,000 packs and stick packs per day early 2022 as well as having a new dual-head powder filling line which will give the facility the capability to fill 10,000 units of product for per day once they come online.” He continued, “outside of the ‘powders’ we are already filling orders for, we have the new ‘capsule’ or ‘pill’ machines which will count and fill 15,000 units per day when we start that line up in the latter half of 2022. Zero Torque is shaping up to be a monster producer of pills and powders for the nutritional supplements industry.”
Zero Torque Manufacturing LLC currently supports the production of both Glaxon (www.glaxon.com) for GNC and Storm Lifestyles (www.stormlifestyles.com) both of which are brands that will have huge market pull. Glaxon was recently picked up by GNC as part of a new GNC partnership and Storm is launching in January and ramping up production of the Storm ‘Focus’ and ‘Pre-Workout’ products to accommodate for inventory requirements will begin in the coming days and weeks. Outside of those two initial partners, Zero Torque will be opening up capacity throughout 2022 to further brands requiring significant inventory production and expects to carve out a niche for itself, especially during COVID, by ensuring it has raw material inventory sufficient to run continuous operations and fill very large orders very fast.
The manufacturing facility, which occupies 20k sq foot near critical infrastructure in Austin, TX and is being setup so as to support existing orders and operations and will not only fulfil the $4m orders already received from Glaxon, but also fulfil orders expected over the coming weeks from American Metabolix Inc’s “Storm Lifestyles”.
The Company divested of its American Metabolix, Inc. subsidiary in August 2021, including Storm, and that brought in $500,000 of non-dilutive cash onto the balance sheet upon closing.
Torque recently announced that Zero Torque, the company’s majority owned JV subsidiary, had secured a $4m purchase order from GNC Partner ‘Glaxon’ (www.glaxon.com) as well as Torque already showing invoiced revenues on its P&L in excess of $1m. GLAXON is one of the fastest growing and most innovative brands in the active nutrition space. That growth has been driven by disruptive thought-provoking branding, product education, and transparent supplements that provide lifestyle solutions. GLAXON products have already received multiple industry awards in less than two years since launch and will now be manufactured at the Zero Torque Facility in Texas.
About Torque Lifestyle Brands Inc.
Torque Lifestyle Brands Inc. (OTC Pink: TQLB) is focused on its manufacturing JV approach and driving performance through partnerships, JV’s and acquisitions in the nutritional supplements space.
(0)
(0)Scroll down for more posts ▼