Renavotio, Inc.
Subsidiary
Secures
Agreement to Purchase 10 Million
N95 Masks
Tulsa,
OK -- October 30, 2020 -- InvestorsHub NewsWire
-- Renavotio,
Inc's (OTCQB:
RIII) wholly owned
subsidiary,
Renavotio
Infratech, Inc. (RII),
has
secured
an agreement
to
purchase
10
Million N95 masks
available
for
sale to
private, commercial, medical distributors, local, state and
federal government
prospective
clients.
RII
has spent the last 180 days developing verified sources of
Personal
Protection Equipment ("PPE")
products
and
putting definitive action plans in place to
produce
(through
its
recent agreement with Tritaniun Labs, Inc. at its planned facility
in Bartlesville Oklahoma)
and
secure PPE chains through
its
increasing network of suppliers and distributors
providing
commercial
and government buyers a line of products that can be delivered in a
timely fashion. RII
has presold 500,000 of the N95 masks
with
delivery expected
in
November. RII is currently negotiating to sell the balance of the
9.5 million N95 masks
before
years'
end.
The
global news networks
continue
to
report rising COVID-19
cases,
which
may cause
an
increased need
for
hand
sanitizers,
masks, gowns
and gloves
that
RII
has access too.
With
this potential problem, RII
continues
to expand its premiere
network with access to medical equipment merchandisers globally
from the U.S.
to
Europe, to the
Middle
East, and
to
Asia Pacific. RII
focuses
on assisting clients to get access to trending trading medical
items while at the same time providing suppliers due diligence and
contracting services.
As 2020
shows to go down as the year of
disasters,
PPE
is becoming an
ongoing
requirement for
the protection
of
emergency and
recovery workers,
depending
on the
type of emergency,
which
may include disease
protection, flooding,
social unrest and hurricanes,
and
protecting
emergency
response, medical
and
recovery workers from physical, chemical and biological
hazards, which
has
become a necessary part of
life.
"As new
opportunities are presented to grow for
Renavotio,
we
continue to target
our three-way
business model
to take advantage
the underground
utility, water/refuse
management, smart city technology and medical infrastructure
opportunities.
We see
an opportunity ahead of us to manufacture and provide critical
Personal Protective Equipment ("PPE") such as N95 masks to front
line medical workers, first responders, and for industrial and
construction uses. We expect to continue our growth both
organically and through additional acquisitions, as we focus on
investing in high-growth sectors of the economy to meet important
healthcare and infrastructure needs in our
country," said Billy
Robinson, CEO.
ABOUT RENAVOTIO, INC.:
Renavotio's
business focuses on three unique
infrastructure
opportunities, including medical protective equipment, 5G, utility
construction, utility management, IoT, water, waste management
technology, and related industries. www.renavotio.com
The
Company's wholly owned
subsidiary Renavotio Infratech, Inc., ("RII") includes
business and
acquisition strategy concentrates on medical protective equipment
and infrastructure with utility construction and
consulting/operational agreements with small towns or county CO-OPS
that operate their own water and sewer systems, providing long-term
savings, utilizing smart-utility monitoring, and dedicated
engineering and service personnel. These
platforms capture utility data from hand-held GPS devices or
in-place sensors, with planned use of drones to identify waste
contamination, leak detection, and topographic underground utility
installation planning. RII's
wholly owned subsidiary, Utility Management Corp, is a holding
company focused on infrastructure, 5G, utility construction,
utility management, IoT, water and waste management technology, and
related industries. Utility Management Corp's subsidiary,
Utility Management and Construction (UMCCO), is an engineering and
smart utility management company that provides a one-stop solution
to rural communities to reduce the consumption of electricity,
natural gas, and water utilities for commercial, industrial and
municipal end users.
UMCCO's
unique approach creates immediate bottom line savings for its
clients, by providing engineering, planning, permitting and
installation through their second wholly-owned subsidiary, Cross-Bo
Construction, which specializes in water, sewer, Telcom, and 5G
design and installation, establishing a long-term value proposition
while also achieving respective sustainability goals.
www.umcco.com
RII's
wholly owned subsidiary Tritanium is an
Oklahoma based supply
chain technology company
and the manufacturer of
consumer products available at Costco Warehouse Clubs and other
fine retailers across the United States. The TriCleanz,
TruCleanz, and TruSafe brands
of sanitizers, disinfectants, sanitizing wipes, and
Pro
N95USA, LLC soon to be a US manufacture of N95 mask will
provide personal protective
equipment (PPE) that is
manufactured in the
United States with transparency, trust, and traceability. Its
products are manufactured using the same Tritanium
Traceability Technologies it
provides to its manufacturing and logistics clients. Since
2018, Tritanium is working towards
being a leader
in Supply
Chain Traceability Solutions and
the founder of one of
the
first public distributed ledger immutable
traceability technology specifically for
product traceability. Tritanium's solutions, software
developers and technology providers can add immediate global
traceability to sickness, food, manufacturing,
and
logistic applications. www.tritaniumlabs.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION:
This news release includes certain "forward-looking
statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities and Exchange Act of 1934, as amended.
Forward-looking statements are necessarily based upon a number
of estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors may cause the actual results and future events to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include general business, economic,
competitive, regulatory, capital markets,
political and social uncertainties. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
No information in this news release should be construed as any
indication whatsoever of the Company's future stock price,
revenues, or results of operations. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
IR
Contact:
Renavotio, Inc.
Utility Management Corp.
Tritanium Labs, Inc.
601 South Boulder Ave.
Suite 600
Tulsa, OK 74119
Email:
brobinson@renavotio.com
Phone:
1-888-928-1312
Skyline Corporate Communications Group, LLC
Lisa
Gray, Senior Account Manager
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: lisa@skylineccg.com
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