Starfleet

Starfleet Innotech (SFIO) to Acquire PPM Toys


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Starfleet Innotech, Inc.. (OTC Pink: SFIO) today announced that it has entered into an agreement with PPM Toys, a North American toy manufacturing and licensing company, to jointly explore an acquisition aimed at accelerating the two companies’ global growth efforts. Thanks to this partnership, formalized by a signed letter of intent, SFIO will pursue a majority stake in PPM Toys, supporting the company’s continued growth in international markets, across traditional channels as well as in the areas of e-commerce and non-fungible tokens (NFTs). Revenue from these initiatives is expected to reach approximately $2.7 million in 2022, and to reach $8 million in 2023.

PPM Toys is a US-based B2B company, headquartered in Monterrey, Mexico, with offices in Hong Kong, specializing in the marketing, development and distribution of toys and electronic entertainment. PPM Toys has been leading these areas for over 35 years, generating over $100 million in revenue, selling 75 million toys for brands such as Barbie (Mattel), Tonka, Peanuts, Hasbro properties and properties Warner Brothers. PPM’s customers include regional giants such as Walmart, Amazon, Mercado Libre, Liverpool and Coppel (Mexico’s largest department store chain).

The latest studies from Rockville Research show that over the past few years, the global toy industry has seen a rapid increase in licensed toy market penetration. In the majority of developed markets, almost a third of toys are sold under license agreements. The growth of the global licensed toys market is largely attributed to the release of blockbuster franchise movies, increased demand in emerging markets, growing penetration of smartphones in the market, as well as the increase spending on toys worldwide. The global toy industry is expected to reach a valuation of $249.6 billion by 2027.

“We are deeply impressed by PPM Toys’ 35 year history in the toy industry, manufacturing and licensing popular toy lines from the world’s leading brands. We are confident that our presence in multiple regional markets, along with our technology development capabilities will help the business grow even further,” said Richard De Lima, Chief Investment Officer of SFIO.

In addition to forging this relationship with PPM Toys, De Lima plays an ongoing role in leveraging this partnership to seize opportunities through FIOthe global footprint of. Through this potential acquisition of PPM Toys, SFIO is strengthening its presence and operations in North America, a crucial market in its conglomerate-wide expansion plans. As a global investment holding company, FIO manages high-growth businesses in three main divisions: F&B, Real Estate and Technology. Recently, SFIO shared updates on the rapid growth of its F&B division, led by flagship coffee company Epiphany Cafe and powered by proprietary food technologies from sister company Ardent Bakers. Through these collaborative innovations, Epiphany Cafe has managed to more than double its presence in New Zealand this year, with additional footholds for expansion in Australia, South East Asia and the United States.

Likewise, SFIO will use this same global infrastructure to expand PPM Toys’ reach into new markets. Beyond expanding the company’s reach, Starfleet management also sees this opportunity with PPM Toys fitting seamlessly into the operations of its technology division, where its technical teams will work to strengthen commerce operations. company’s electronics in order to better seize opportunities in the North American market. SFIO plans to expand its resources in technology development, multi-vendor marketplace management, digital marketing, and more. Additionally, SFIO’s technology division will support the development of a solid and actionable metaverse strategy for PPM Toys, covering the minting, marketing and management of branded NFTs to sell alongside the company’s physical products. The practice of embedding NFTs into physical collectibles to both prove authenticity and facilitate trading in secondary markets has played a prominent role to bring the global collectibles market to its current valuation of $1.7 trillion.

“As long-term stewards of many of the world’s most beloved brands, PPM Toys is in an ideal position to bring its expertise in bringing high-quality lines to market in the metaverse,” said Jeths Lacson, CEO of Starfleet. Innotech. “Alongside our portfolio company Fort Health Data Systems and other partners, our technology division has spent the past few years investing heavily in building our capabilities in smart contracts and other decentralized technologies. With PPM Toys in our community, I look forward to putting our ecosystem to work to explore this exciting space together.

For media inquiries, please contact:Craymond Yeong, PR & Marketing SpecialistStarfleet Innotech, Inc.Telephone: (+64) 21 0833 2966Email: [email protected]Twitter: @SFIO_IncFacebook: FIOYoutube: SFIO (Starfleet Innotech)

About Starfleet InnotechInc.Starfleet Innotech, Inc. (OTC: SFIO) is a global investment holding company focused on innovating through disruptive collaborations in its three key industries: food and beverage (F&B), real estate and technology. With a strong presence in New Zealand, Australia, Malaysia, the United Arab Emirates, the United States and the Philippines, SFIO makes strategic investments in high-growth companies, creating synergies across its diverse portfolio to deliver maximum shareholder value. Guided by tradition, driven by innovation and enabled by collaboration, SFIO is on a hyper-growth path to build a thriving global business ecosystem, shaping the future of its core industries.

About PPM ToysPPM Toys is a US-based B2B company, headquartered in Monterrey, Mexico, with offices in Hong Kong, specializing in the marketing, development and distribution of toys and electronic entertainment. PPM Toys has been leading these areas for over 35 years, generating over $100 million in revenue, selling 75 million toys for brands such as Barbie (Mattel), Tonka, Peanuts, Hasbro properties and properties Warner Brothers. PPM’s customers include regional giants such as Walmart, Amazon, Mercado Libre, Liverpool and Coppel (Mexico’s largest department store chain).

FORWARD-LOOKING STATEMENTSThe statements contained herein may contain certain forward-looking statements relating to Starfleet Innotech, Inc. “Starfleet” that are based on Starfleet beliefs and assumptions made by and information currently available to Starfleet management. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. These forward-looking statements include, but are not limited to, statements relating to Starfleet’s business prospects, future developments, trends and conditions in the industry and geographic markets in which Starfleet operates, its strategies, plans, objectives and goals, its ability to control costs, statements regarding prices, volumes, operations, margins, capital expenditures, general market trends, risk management and exchange rates. When used herein, the words “anticipate”, “believe”, “could”, “estimate”, “go ahead”, “intend”, “may”, “should”, “plan “, “project”, “seek”, “should”, “will”, “would” and similar expressions, with respect to Starfleet or Starfleet management, are intended to identify forward-looking statements. These forward-looking statements reflect the opinions of Starfleet at the time the statements were made regarding future events and are not guarantees of future performance or developments. You are strongly cautioned that reliance on forward-looking statements involves known and unknown risks and uncertainties. Actual results and events may differ materially from the information contained in the forward-looking statements due to a number of factors, including any changes in laws, rules and regulations relating to any aspect of Starfleet’s business operations, the general economic , market and business conditions, including changes in financial markets, changes or volatility in interest rates, foreign exchange rates, stock prices or other rates or prices, stocks and developments of Starfleet’s competitors and the effects of competition in manufacturing and food services, technology applications and components, and real estate development. Managing sales and ownership based on demand and price for Starfleet products and services, various business opportunities that Starfleet may or may not pursue, changes in population growth and other demographic trends, including mortality, pandemic, morbidity and longevity, persistence levels, Starfleet’s ability to identify, measure, monitor and control risks in Starfleet’s business, including its ability to manage and adapt its overall risk profile and its risk management practices, its ability to properly price its products and services, including capital expenditures for property development and to build reserves for future policy benefits and claims, seasonal fluctuations and factors beyond Starfleet’s control. Subject to the requirements of the Listing Rules, Starfleet does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. Due to these and other risks, uncertainties and assumptions, the forward-looking events and circumstances discussed herein may not occur in the manner Starfleet expects, if at all. Accordingly, you should not rely on any forward-looking information or statements. All forward-looking statements contained herein are qualified by reference to the cautionary statements set forth in this section.

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Source: Starfleet Innotech, Inc.