Roseville, Minnesota – July 10, 2019 – SecureTech Innovations, Inc., an emerging growth company focused on developing and marketing personal and automobile security and safety devices and technologies, announces that it has finalized a Letter of Intent (LOI) with Global Marketing International, Inc. (“Global Marketing”) for the exclusive distribution rights of certain overseas territories for its Top Kontrol® product.

Key Highlights:

  • SecureTech shall grant Global Marketing the exclusive rights to market, distribute, and sell its Top Kontrol® product in certain overseas territories;
  • Territories under consideration, include Thailand, Myanmar, Vietnam, Laos, Cambodia, Philippines, Malaysia, Indonesia, and India;
  • Launch a Top Kontrol® product website highlighting the benefits and superiority of Top Kontrol®;
  • Exclusive rights shall be granted provided certain minimal annual sales objectives are achieved and maintained.

The two companies will continue negotiations to finalize product pricing, volume discounts, and purchase order terms.

SecureTech believes it will begin commercial production of Top Kontrol® in about 90-120 days to fulfill anticipated domestic orders and be able to start fulfilling overseas orders in Q1 2020.

Kao Lee, SecureTech’s President and CEO, stated, “We are very excited to be working with Global Marketing for the sale, distribution, and marketing of Top Kontrol® in these overseas territories. This is a tremendous opportunity for SecureTech and we intend to maximize the market size for Top Kontrol® and other future products.”  Mr. Lee added, “Top Kontrol® is the perfect product for many of these overseas markets where crime rates are significantly higher than in the US; especially in the realm of car-theft and carjacking which are, sadly, a common occurrence in many of these targeted territories.”

About SecureTech Innovations
SecureTech is an emerging growth company focused on developing and marketing personal and automobile security and safety devices and technologies.  SecureTech is the maker of Top Kontrol, the only anti-theft and personal safety automobile device known that can safely stop a carjacking without any action by driver.  For more information, visit www.securetechinnovations.com.

Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties.  There can be no assurance that such forward-looking statements will prove to be accurate.  Actual results and future events could differ materially from those anticipated in such statements.  These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.  SecureTech Innovations, Inc. (“SecureTech”) assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, other than as required pursuant to applicable securities laws.  For a description of additional risks and uncertainties, please refer to SecureTech’s filings with the Securities and Exchange Commission, including “Risk Factors” in its Annual Report filed on Form 10-K.

Investor Relations
651.317.8990
ir@securetechinnovations.com

Attachments

SecureTech-PR-2019-Announces-LOI-For-Overseas-Distribtinon-of-the-Top-Kontrol-Product-7-10-19.pdf