Asset Portfolio Increases By 1,412% In Under 2 Months

MELBOURNE, Fla., Jan. 30, 2024 /PRNewswire/ -- Branded Legacy, Inc. (OTC.PK: BLEG), a leading innovator in research, development, and production, announces that it has increased its assets to $3,787,215.00, which is a 1,412% increase as compared to the end of Q3. The Company's recently acquired Laboratory and packing equipment greatly bolsters its research and development, product production and packaging operations.

The extensive range of equipment acquired includes multiple High-Performance Liquid Chromatography (HPLC) and Gas Chromatography systems, various centrifuges, vacuum ovens, an irradiating flow hood, incubators, labeling machinery, packaging equipment, industrial chillers, autoclave, blister packer, sonic homogenizers, high-powered microscopes, and more. This diverse array of tools empowers BLEG to conduct precise chemical composition analyses, create controlled research environments, and efficiently handle various stages of product development, labeling, shipping, bottling, and tube filling.

The Company recently expanded its capabilities with the acquisition of state-of-the-art equipment valued at $252,900.00 at a cost of $106,500.00 while incurring no additional debt. This strategic investment positions BLEG at the forefront of cutting-edge technology, enhancing its capacity for chemical analysis, alkaloid separation, and advanced research and development.

The total investment of $106,500.00 demonstrates BLEG's commitment to advancing its capabilities and staying at the forefront of technological innovation. The company aims to harness the power of these new tools to expedite research processes, ensure product quality, and meet the growing demands of its customers.

"We are thrilled to announce this significant expansion in our operational capabilities. Bringing in this equipment allows us to eliminate several production choke points, giving us the ability to meet increasing demand in a timely manner." said David Oswald, CEO at Branded Legacy, Inc. "This strategic investment underscores our dedication to providing high-quality products and services to our clients."

In addition to the equipment acquisition, BLEG acknowledges that its current facilities are reaching capacity. Plans are underway for facility upgrades to accommodate the expanded operations seamlessly. The company is committed to creating an environment that fosters innovation and efficiency, ensuring it remains a key player in the industry.

In other recent company news, Branded Legacy, Inc. successfully removed $1.5 million of debt from its balance sheet through a strategic debt purchase initiative, negotiating the purchase of their entire outstanding debt of $1,500,000 at a remarkable price of $450,000. This strategic decision not only eliminates a substantial liability but also safeguards against any potential conversion of the debt into shares.