ESG Global Impact Capital Provides Corporate Update
Vancouver, B.C. – July 22, 2020 (TSX.V: ESGW and OTCQB: ESIFF) – ESG Global Impact Capital Inc. (“ESGW” or the “Company”) is pleased to provide an update to the shareholders since the appointment of Todd Violette as CIO on April 7, 2020. ESGW has made fundamental changes to our core business model to begin investing and taking a more active role in developing environmentally friendly business. We are in the process of establishing three new active subsidiaries. Two of the subsidiaries will be focused on cash flow and the third will be an asset builder. ESGW has also maintained its core portfolio business which has been undergoing a change resulting from our revised portfolio management strategy.
Organic Fertilizer– ESGW recently incorporated a new subsidiary in British Columbia which will be focused on developing Organic Fertilizer. The base operation for sales, logistics and management of this business will be in the Calgary metropolitan region. We anticipate more details to report in the ensuing weeks.
Consumer Product Goods (CPG) – With a focus on over the counter products, ESGW Management is reviewing and completing its analysis regarding this division to determine its best domicile. Initial indication is leaning to opening the division in the United States of America because of demographics. The plan will call for building four channels of distribution so as each product being launched by our Team can effectively use the proper channels to ensure the product success. Online sales, Business to Business Sales, Retail/Storefront sales, and direct sales. Each of the distribution channels will be important for the overall success of the newly formed entity
Real Estate– ESGW is evaluating the acquisition of one or more real estate acquisitions. The Company anticipates utilizing Preferred Shares as part of the purchase consideration for such assets, and accordingly is seeking shareholder approval for the authorization of Preferred Shares as a new class of corporate equity for the Company at its upcoming shareholders’ meeting to be held on Monday, August 17, 2020 in Calgary, Alberta.
For more information please contact:
David Berg, Interim CEO
ESG Global Impact Capital Inc.
Telephone: (760) 989-2202
ESG Global Impact Capital Inc., operates as a Canadian investment issuer company. The Board of Directors modified the business plan of the Company in 2020 to take into consideration the changing demands of the modern economy and social changes taking place. We are focused on environmental and socially responsible projects.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.