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RNS Number : 4761Y  Superbox Inc.  30 July 2024

Superbox Inc. Announces Asset Purchase Agreement and Changes in Executive
Leadership

MIAMI, FL / ACCESSWIRE / July 30, 2024 / Superbox, Inc. (OTC:PINK:SBOX)
("Superbox" or the "Company"), a Nevada corporation headquartered at West Palm
Beach, Florida, and a leading company in Green Energy and Transition
Technologies, announced today that it has entered into a binding Asset
Purchase Agreement with ǪK Innovation Ltd, a corporation located in London,
UK.

This agreement, involves acquiring the patents for Water in Diesel Fuel
Emulsion industry-related and assets and entails a change of control of the
Company's Executives and Directors.

By means of this transaction, Superbox aims to significantly strengthen its
corporate structure, positioning itself in the Fuel Emulsion market globally
while continuing its commitment to spreading and developing Clean Energy
solutions.

Asset Purchase Agreement: Asset Purchase Agreement: Superbox has agreed to
exclusively acquire the entire intellectual property patents for the
"Apparatus for Stable NanoEmulsions of Water in Diesel Fuel", a patented
technology.

This strategic acquisition represents a significant move into the Transition
and Green Energy sectors for Superbox. In addition to obtaining patents,
Superbox has also acquired a white diesel production unit, granting them full
rights to sales, manufacturing, and services in this area.

This acquisition strengthens Superbox's commitment to improving its Energy
products and services, with the goal of expanding its market presence in the
green sector. By enhancing and cultivating the company's relationships and
partnerships, Superbox aims to broaden its reach and impact. The transaction
is expected to be finalized pending the fulfillment of standard closing
conditions.

Change in Executive Leadership: Alongside the asset purchase, there will be
significant changes in the executive leadership team and the Board of
Directors at Superbox, Inc.

Resigning Officers and Directors:

Suneel Anant Sawant, Chairman, President and Director

Vinnay Kumar Reddy Sarikonda, Director

Michele Collini, Director

Appointed Officers and Directors:

Suneel Sawant, Chairman of the Board and Director

Claudio Mirella, CEO and Director

Andrea Piazzoli, Executive President and Director

Bruno Polistina, CFO and Director

Daniele De Molli, COO and Director

Samuele Lucchini, Independent Director

Enrico Fumagalli, CTO

Statement from the Chairman: "I am thrilled to announce our recent asset
purchase, which marks a significant milestone in our growth strategy. This
acquisition not only expands our market presence but also brings in on board a
talented team from ǪK Innovation Ltd., who will add invaluable expertise and
innovation to our company culture.

Additionally, I am pleased to introduce Claudio Mirella as the new CEO of
Superbox Inc. Claudio, along with our new Board and Governance team members,
brings a wealth of experience and vision that align perfectly with our
strategic objectives moving forward. This new chapter promises tremendous
opportunities for collaboration, innovation, and growth. I encourage our
shareholders to warmly welcome our new colleagues and embrace the fresh
perspectives they bring. Together, we are poised to achieve great goals and
strengthen our position in the market of the transition Energy. Let's join
together in celebrating this milestone and looking forward to a successful
future together."

About Superbox, Inc.: Superbox is a company focused on cutting-edge transition
technologies related to the Fuel sector. Highly specialized in the field of
alternative fuels, aimed at deep emissions reduction and decarburization of
various fuels, the Company continuously strives to innovate with the ultimate
goal to a zero-carbon footprint. At present, the Company holds patented and
internationally applied technologies. The Company's technologies are related
mainly to Nano Emulsions Fuels, but the Company is actually finalizing
innovative research on desulfurization of Fuels and waste to energy solutions
using both urban and several industrial wastes.

Forward-Looking Statements: This news release contains forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995 (the "ACT"). In particular, when used in the preceding discussion, the
words "plan", "confident that", "Believe", "expect", "intend to" and similar
conditional expressions are intended to identify forward-looking statements
within the meaning of the ACT and are subject to risks and uncertainties, and
actual results could differ materially from those expressed in any
forward-looking statements. Such risks and uncertainties include, but are not
limited to, market conditions, competitive factors, the ability to
successfully complete additional financing and other risks.

CONTACT:

Cygna Finance Ltd, Listing agent
ejc@cygna.finance (mailto:ejc@cygna.finance)

SOURCE: Superbox, Inc.

 

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