Towards new heights
HAMILTON, New Zealand, July 14, 2021 (GLOBE NEWSWIRE) – Smokefree Innotec, Inc. [SFIO] is pleased to announce that it has recently concluded a Memorandum of Understanding [MOA] with AG Architects 2019 Limited [AG Architects] which is expected to be a 100% subsidiary of Agrokings, Inc., a company 100% owned by SFIO, following the reverse merger between Agrokings, Inc. and SFIO.
SFIO intends to secure a share of the lucrative real estate sector, and this year is a promising year for AG Architects as it pockets over NZD 55 million of construction projects to be completed within the year. The fund from investors aims to produce a return of 113% for the company. In addition to its current projects, AG Architects has around NZD 100 million of ongoing projects, with designs and feasibility studies that SFIO intends to fund through its fundraising and other funding options. .
SFIO is intentional in growing the business, and as such, real estate and real estate development is just one of the list of strategic partnerships and acquisitions that line up. The envisaged projects have been carefully evaluated and programmed in view of the expansion of the SFIO. These subsidiaries will work closely together to forge partnerships and projects that can exponentially increase the value of the company.
SFIO is sincere in providing maximum value to its shareholders. As Jeths D. Lacson, President and CEO of SFIO says, “We are committed to taking SFIO to greater heights.”
About Smokeless Innotec, Inc.
Smokefree Innotec, Inc. is an asset management company and a conglomerate of several companies with five strategic business divisions, namely: franchising, food manufacturing and distribution, coffee sector, real estate development, as well as technology and software development – all of them have a strong presence in New Zealand and Australia.
About Agrokings, Inc.
Agrokings, Inc. is a wholly owned subsidiary of SFIO, and the owner and operator of the Epiphany Cafe Franchise, Ardent Bakers, Gorgeous Coffee Co., A + Electrical and Accord Investment Group.
About AG Architects 2019 Limited
AG Architects 2019 Limited, incorporated in New Zealand, is engaged in general planning, architecture, interior design and construction specializing in residential, commercial, public and urban, industrial and institutional development in New Zealand and Singapore. Among its designs and developments is the Swiss Belsuites Hotel [NZ], Apartments Sol [NZ], Michael Residences [SG], Pollen & Blue [SG], and Greenwood Mews [SG]. For the list of projects: https://agarchitects.co.nz/project.
For media inquiries, please contact:
Craymond Yeong, PR and Marketing Specialist
Smokeless Innotec, Inc.
Telephone: (+64) 21 0833 2966
E-mail: [email protected]