Starfleet Innotech Signs LOI to Acquire PPM Toys

NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) -- Starfleet Innotech, Inc. (OTCPink:SFIO) announced today it has entered into an agreement with North America-based toy manufacturing and licensing powerhouse PPM Toys to jointly explore an acquisition towards accelerating both companies’ global growth efforts. Through this partnership, formalized with a signed Letter of Intent, SFIO will be pursuing a majority ownership interest in PPM Toys, supporting the company’s continued growth into international markets, through traditional channels as well as in the fields of e-commerce and non-fungible tokens (NFTs). Revenues from these initiatives are expected to reach roughly $2.7 million in 2022, growing to $8 million in 2023.