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GBLT Corp. Adds New Major Retailer to Growing Client List


TORONTO and DUEREN, Germany, Dec. 2, 2020 /CNW/ - GBLT Corp. (TSXV:GBLT) (OTCQB:GBLTF) (FSE: 4G9) ("GBLT" or the "Company") is pleased to announce that the Company has added a major European retailer as its latest client purchasing Personal Protective Equipment ("PPE"). The German retailer has 222 physical stores throughout Germany and has placed an order for 25,000 FFP2. This is GBLT's first listed product with the retailer and as a listed vendor, the retailer is able to quickly add further GBLT products to shelves as they see fit including mobile energy and battery solutions.

FFP2 masks are considered professional and medical grade masks compared to the FFP1 masks that are more commonly found throughout European regions. FFP2 have filter capacity of approximately 94%, comparable to the North American standard masks of N95 that offer filter capacity of 95%, relative to FFP1 masks that have an 80% filter capacity.

"We are pleased to add another large retailer to our network as the Dr. Senst brand of PPE continues to grow in popularity throughout Germany and the rest of Europe," said Dr. Thilo Senst, CEO of GBLT. "While this is the initial order for masks, it is a prime example of our typical sales model once we get a listing number in a retailer. With this now in place, this large retailer has access to all of our products from PPE to battery and mobile energy storage products. We look forward to developing this relationship and becoming a trusted partner going forward."

About GBLT:

GBLT Corp., through its operating company, GBT GmbH, designs, manufactures and supplies mobile storage, battery and personal protection equipment to some of the largest retail chains across the globe. GBT is also an official licensee for Kodak mobile storage systems and AGFAPHOTO mobile energy products. The Company's personal protection equipment is primarily sold throughout Europe under Dr. Senst brand, which is owned and operated by GBT GmbH.

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Forward-Looking Information

Certain statements in this news release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning the Company's proposed activities under the Agreement, the Company's ability to achieve sales, commercial or otherwise, from its products, and the expectations of the Company regarding funding payments due pursuant to the Agreement. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company. Readers are cautioned not to place undue reliance on forward looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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