Vancouver, BC – November 21, 2024 – CleanGo Innovations Inc. (CSE: CGII) (OTC: CLGOF) (FRA: APO2) (“CleanGo” or the “Company”), a leader in green-certified, eco-friendly industrial, commercial, and household cleaning solutions, is pleased to announce a strategic partnership with Valkyrie Specialty Corp., a Texas-based specialty distributor, under a five-year private-label manufacturing and supply agreement.
This collaboration is expected to drive substantial revenue growth in the first year, with Valkyrie committing to an average monthly minimum purchase of 10,000 liters of CleanGo’s proprietary green industrial cleaning products.
A Powerful Collaboration for Sustainable Growth
The partnership represents a pivotal step for both companies as they align efforts to deliver effective, eco-conscious solutions to industrial and commercial markets across the United States.
This agreement is a core element of CleanGo’s growth strategy for 2025 and is already off to a strong start — Valkyrie has successfully completed and paid for its first two orders. This milestone paves the way for consistent revenue growth as CleanGo’s innovative products are integrated into Valkyrie’s established portfolio of high-quality offerings.
Anthony Sarvucci, President of CleanGo Innovations, stated:
“This partnership with Valkyrie Specialty Corp. represents a significant step forward in our mission to deliver sustainable, non-toxic solutions to diverse markets. The successful completion of the first two orders is a testament to the strong collaboration between our teams. As we look toward 2025, we are excited about the opportunities this partnership will unlock for CleanGo.”
Heidi Flaig, Senior Operations Manager at Valkyrie Specialty Corp., commented:
“At Valkyrie, we pride ourselves on delivering innovative, high-quality solutions to our customers. Partnering with CleanGo Innovations allows us to expand our offerings with environmentally responsible products that align with our values and market demands. The success of our initial orders demonstrates the potential for significant growth, and we are eager to see what the future holds as we work together to make a positive impact.”
About the Agreement
Signed on September 13, 2024, the agreement includes a commitment from Valkyrie Specialty Corp. to purchase a minimum monthly average of 10,000 liters of CleanGo’s products at a preferred price. These proprietary formulations will be distributed under Valkyrie’s private-label brand, providing flexibility and competitive positioning in their markets.
About Valkyrie Specialty Corp.
Valkyrie Specialty Corp., headquartered in San Antonio, Texas, is a premier distributor of high-quality specialty products throughout the United States. The company focuses on innovation, customer satisfaction, and delivering outstanding solutions tailored to the needs of a wide range of industries.
CleanGo Announces Non-Brokered Private Placement
CleanGo Innovations is also pleased to announce a non-brokered private placement for total gross proceeds of $250,000. Units will be offered at $0.60 per unit, each consisting of:
- One common share of the Company
- One-half of one common share purchase warrant
Each full warrant will entitle the holder to acquire one additional common share at a price of $0.70, exercisable for a period of 24 months from the date of issuance.
Proceeds from the offering will be used for general working capital purposes. The Company may pay finder’s fees in connection with the placement, in accordance with applicable securities laws and CSE policies.
All securities issued under the placement will be subject to a statutory hold period of four months and one day from the date of issuance, in compliance with Canadian securities regulations.
About CleanGo Innovations Inc.
CleanGo Innovations Inc. is a dynamic, forward-thinking company dedicated to the development and distribution of innovative, green-certified, eco-friendly cleaning solutions. Focused on sustainability and performance, CleanGo is reshaping the cleaning industry with safe, effective, and environmentally responsible products.
On behalf of the CEO & Board of Directors
Anthony Sarvucci
Chief Executive Officer
CleanGo Innovations Inc.
For More information Contact:
Phone 1 346 202 6202
Forward-looking Information
This news release may contain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation. Forward-looking statements can often be identified by words such as “will”, “plans”, “expects”, “may”, “intends”, “anticipates”, “believes”, proposes” or variations of such words including negative variations thereof and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Actual results could differ from those projected in any forward-looking statements due to numerous factors, including risks and uncertainties relating to general economic, market or business conditions or changes in laws, regulations and policies affecting the Company’s operations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. Any forward-looking statements included in this news release are made as of the date hereof and the Company does not intend to update or revise any forward-looking statements, except as expressly required by law.