Forza Innovations Inc. Completes $600,000 Fundraising and Secures $5,000,000 Equity Financing
Calgary, Alta., Jan. 31, 2022 (GLOBE NEWSWIRE) — NewMediaWire — Forza Innovations Inc. (OTC Pink: FORZ) (the “Company”) is pleased to announce that it has secured a line of credit of up to $5,000,000. This new equity financing has more favorable terms than the previously announced financing that aired on October 26, 2021. Forza is also pleased to announce that we have completed a fundraising of nearly $600,000 to fund the expert team expanding the company, innovative new products and continuing operations. Further information about the financing documents can be found in Form 8-K that the company filed with the SEC on January 14, 2022, January 25, 2022 and January 28, 2022.
Forza CEO Johnny Forzani said, “Our company is finally financially ready to be able to turn the wheels and make some serious progress. We plan to use funding opportunities to grow and refine our team, operations and products. As a product designer who owns two patents, I am sure that we are able to create more patentable technologies with our team and the facilities we assemble, which will include experts in the field of electrical engineering and textiles.
Forza is looking to the future and excited about what’s to come, including our new workspace and website. The company continues to develop and refine its core line of WarmUp and Handlelife Heavyball products by working closely with partners and manufacturing plants overseas. Whether you’re an elite athlete or an individual looking for solutions to combat the impact of everyday life, our range of innovative products are here to help, so you can be at the top of your game, whatever whatever your game.
About Forza Innovations Inc.
The Company operates in the field of wearable performance of health technologies. The Company has acquired full ownership and rights to certain WarmUp products in advanced development. WarmUp are innovative, wearable back compression devices. The therapeutic application of heat causes a change in soft tissue temperature that decreases joint stiffness and relieves inflammation.
Please see the company website www.forzainnovates.com.
For more information, please contact the Company at: [email protected]
On behalf of the Council,
Forza Innovations Inc.
Johnny Forzani, President and CEO
Some of the statements contained in this press release constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions regarding matters that are not historical facts, such as statements regarding the closing of exchange and the expected reduction in our total outstanding debt and annual interest payments. In many cases, you can identify forward-looking statements by words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”. , “predicted”, “outlook”, “potential” or the negative form of these terms or any other comparable terminology. The forward-looking statements contained in this press release reflect our current views on future events and are subject to risks, uncertainties, assumptions and changes in circumstances that could cause events or our actual activities or results to differ materially. those expressed in any forward-looking document. – statement to research. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. We discuss many of these risks in greater detail under the heading “Risk Factors” in our quarterly and annual reports filed with the Securities and Exchange Commission (SEC). The forward-looking statements contained in this press release reflect our opinions and assumptions only as of the date of this press release. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unforeseen events.