CleanGo Innovations Inc. Announces the Establishment of Kubera Black Technology Inc., a new Wholly Owned Subsidiary Set for Public Spin-Off
Vancouver, B.C. – TheNewswire - January 21st, 2025 - CleanGo Innovations Inc. (CSE:CGII), (OTC:CLGO.F), (FRA:APO2) CleanGo Innovations Inc. (“CleanGo” or the “Company”) Is proud to announce that they have established a new wholly owned subsidiary named Kubera Black Technology Inc.
CleanGo Innovations, is an international, publicly traded company that specializes in the development of early-staged, green, non-toxic and sustainable products used in retail, commercial and industrial applications. Today CleanGo announced the formation of Kubera Black Technology Inc., a wholly owned subsidiary poised to become a driving force in the business development and incubation of high-growth, innovative companies across diverse sectors. Kubera Black will be spun off to the public markets with CleanGo retaining majority ownership.
The establishment of Kubera Black addresses a critical global need for startup capital and fills a void in the rapidly expanding innovation sector, particularly in areas often overlooked by traditional financing and private equity. With a focus on identifying and nurturing promising ventures, Kubera Black is strategically positioned to capitalize on untapped market opportunities.
"Having spent over two decades funding and establishing high-growth companies, I understand the challenges these ventures face," stated Anthony Sarvucci, Founder and CEO of CleanGo Innovations. "Kubera Black will assemble a team of seasoned executives to provide comprehensive incubation support, leveraging their combined knowledge and expertise. We will pool resources and contacts, enabling these companies to flourish. Furthermore, we will hedge our capital exposure by allowing investors to participate in Kubera Black's growth while determining the optimal path to maximize shareholder value, be it through public offerings or strategic acquisitions."
Kubera Black's mission is to empower innovative companies to reach their full potential by providing access to essential capital, strategic guidance, and a robust network of industry connections. By fostering a culture of innovation and entrepreneurship, Kubera Black aims to drive economic growth and create lasting value for its stakeholders.
About Kubera Black Inc.
Kubera Black Inc. is a business development company and incubator of high-growth, innovative companies across diverse sectors. By providing access to capital, strategic guidance, and industry connections, Kubera Black empowers entrepreneurs to realize their visions and achieve sustainable success. www.kuberablack.com
About CleanGo Innovations
CleanGo Innovations Inc. is an international, publicly traded company that specializes in the development of early-staged, green, non-toxic and sustainable products used in retail, commercial and industrial applications.
The company is proud of its suite of proprietary, Green Seal Certified non-toxic green products that are Health Canada approved to claim 99.9% disinfecting of viruses and bacteria on a hard surface. CleanGo’s portfolio is proud to be a part of Cruelty Free / Leaping Bunny as a certified product while being both family and pet safe. It is CleanGo’s mission to create the world’s leading non-toxic, green solutions for the worlds cleaning problems.
CleanGo Innovation’s experienced team brings new ideas and innovation based on science to find solutions to the problems of current world we live in. Customers rely on quality, nontoxic products to keep their homes clean and their loved ones safe.
On behalf of the CEO & Board of Directors
Anthony Sarvucci
Chief Executive Officer
CleanGo Innovations Inc.
For More information Contact:
Phone 1 949 200 6534
Forward-looking Information
This news release may contain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation. Forward-looking statements can often be identified by words such as “will”, “plans”, “expects”, “may”, “intends”, “anticipates”, “believes”, proposes” or variations of such words including negative variations thereof and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Actual results could differ from those projected in any forward-looking statements due to numerous factors, including risks and uncertainties relating to general economic, market or business conditions or changes in laws, regulations and policies affecting the Company’s operations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. Any forward-looking statements included in this news release are made as of the date hereof and the Company does not intend to update or revise any forward-looking statements, except as expressly required by law.