Torque Issues
Status Update: Current Filings, Effective Funding, Detailed Plans
Coming
WHEAT RIDGE, CO --
February 1, 2021 -- InvestorsHub NewsWIre -- Torque Lifestyle
Brands Inc. (OTC
PINK: TQLB) ("Torque Lifestyle", "Torque", or the "Company"),
an emerging leader in the active lifestyle sports nutrition and
supplements marketplace, is pleased to announce that the Company is
now fully Current with OTC Markets in terms of documentation and
information and the Company's Reg A financing is now
effective.
The Company plans to
release a detailed shareholder update in the coming days to outline
its growth outlook, broad vision, upcoming product launches, and
acquisition plans.
Torque plans to focus on
the sports nutrition supplements market with a range of segments
that create a diversified end-market focus in terms of demographics
while embracing synergies across manufacturing and distribution
strategies.
According to Grand View
Research, the global dietary supplements market size was estimated
at over $123 billion in 2019 and is projected to expand at a CAGR
of 8.2% over the next 7 years, driven by factors such as rising
health concerns and changing lifestyles and dietary
habits.
Research also points to a
positive outlook for the sports nutrition market driven by a rise
in the number of sports complexes and gymnasiums and an increase in
the number of global sports events, both of which encourage
athletes and consumers to focus on peak health and physical
strength.
David Lovatt, CEO of
Torque Lifestyle, notes, "We're excited to have everything in place
and to finally be ready to execute our plan. Our funding is
effective, we are current on all filings, the slate is clean, and
we have big plans ahead. To all our shareholders: we are committed
to a path of complete transparency along the way as we navigate
upcoming product launches and acquisitions."
About
Torque Lifestyle Brands Inc.
Torque Lifestyle Brands Inc. (OTC
PINK: TQLB) is focused on driving performance through
acquisitions and by advancing original brands in the rapidly
growing supplemental nutrition marketplace.
Cautionary
Disclaimer Regarding Forward-Looking
Statements
Statements contained herein that are not based upon current or
historical fact are forward-looking in nature and constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such forward-looking statements reflect the Company's
expectations about its future operating results, performance, and
opportunities that involve substantial risks and uncertainties.
These statements include but are not limited to statements
regarding departure of the company's CEO. When used herein, the
words "anticipate," "believe," "estimate," "upcoming," "plan,"
"target," "intend" and "expect" and similar expressions, as they
relate to Progressive Care Inc., its subsidiaries, or its
management, are intended to identify such forward-looking
statements. These forward-looking statements are based on
information currently available to the Company and are subject
to a number of risks, uncertainties, and other
factors that could cause the Company's actual results, performance,
prospects, and opportunities to differ materially from those
expressed in, or implied by, these forward-looking
statements.
Corporate
Contact:
invest@torquelb.com
(719) 752-8459
Investor Relations
Contact:
EDM Media, LLC
https://edm.media
(800) 301-7883
