NEW YORK, Jan. 28, 2022 (GLOBE NEWSWIRE) — Starfleet Innotech, Inc. (OTC: SFIO) has received an expression of interest from the Export-Import Bank of the United States (EXIM) in support of SFIO’s real estate development projects on the Philippines.
In its letter, EXIM, the United States’ official Export Credit Agency, expressed interest in expanding funding of up to $28.75 million for SFIOs medical and retirement resort in Montemaria, Batangas, south of Metro Manila in the Philippines. Possible external financing from EXIM would be permissible for a maximum repayment period of seven years.
This follows a series of partnerships and exploratory discussions that SFIO has taken towards non-dilutive debt financing for its various projects. SFIO is currently working with a number of local banks in the Philippines to secure similar financing arrangements for their real estate developments, including an eco-friendly bayside tech village in Batangas.
These projects play a critical role in the global asset management firm’s strategy of co-innovating to build better communities. Profits from these high-yield projects are expected to be reinvested into future growth and help the group move closer to its plans to go public from the US OTC markets on the NASDAQ by 2024.
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About Starfleet Innotech, inc
Starfleet Innotech, Inc. (OTC: SFIO) is an asset management firm focused on innovation through disruptive collaboration across its three key verticals: food and beverage (F&B), real estate and technology. With a strong presence in New Zealand, Australia and the Philippines, and a roadmap for further global expansion, SFIO makes strategic investments in high-growth companies and builds synergies across its diverse portfolio to deliver maximum shareholder value. Guided by heritage, driven by innovation and enabled by collaboration – SFIO is on a growth path to build a thriving business ecosystem and plans to be listed on a major exchange in the near future.