Earth Alive Clean Technologies Inc. announces 2023 Financial Results and foresees multiple digit sales growth for 2024 - Seite 2

R&D investments
Earth Alive invested over $655,911 during the year ($170,125 in Q4) in research and development to enhance and expand its portfolio of ecological products.

Outlook for 2024
Strategic investments in 2023 are expected to generate a significant increase in sales. Through the acquisition of Interlube and thanks to European expansion and the commercialization of new products, we hope to triple our sales in 2024.

A word from our CEO, Nikolaos Sofronis: "2023 was a year marked by strong strategic investments that will strengthen Earth Alive's worldwide growth potential. Our R&D initiatives and geographic expansion are bearing fruit, and we are optimistic about realizing our vision for 2024."

Earth Alive continues to position itself at the forefront of ecological microbial technology, with an ongoing commitment to innovation and sustainability. Earth Alive's consolidated financial statements and management's discussion and analysis for the financial year ending December 31, 2023, are available on SEDAR+ at www.sedarplus.ca and on our website at www.earthalivect.com.

About Earth Alive Clean Technologies Inc.

Earth Alive is a leader in the microbial-based technology industry. Earth Alive’s innovative products contribute to regenerative agriculture, natural dust suppression with minimal water consumption, and eco-friendly and human-friendly industrial cleaning. For more information, please visit: https://earthalivect.com/.

Forward-Looking Information: Certain information in this news release may be forward-looking information and forward-looking statements, which reflect the current view of management with respect to the Company's objectives, plans, goals, strategies, outlook, results of operations, financial and operating performance, prospects and opportunities. Wherever used, words or expressions such as “foresees”, "will”, "expand”, “improve”, “promising”, “positioning”, “growth”, “accelerate”, “outlook”, “expected”, “generate”, “increase”, “hope”, “potential”, “optimistic” and similar words or expressions identify forward-looking information and forward-looking statements. Forward-looking information and forward-looking statements should not be regarded as a guarantee of future events, performance or results, and will not necessarily be an accurate indication of whether, or the times at which, such events, performance or results will be achieved. Factors that could impact or impair the achievements of such events, performance or results include the ability to (i) grow sales by multiple digits in 2024; (ii) improve operational efficiency; (iii) significantly grow our sales; (iv) triple our sales in 2024; (v) realize our vision in 2024 and other risks described in Earth Alive’s documents filed with Canadian securities regulatory authorities. You can find further information with respect to these risks and other risks in Earth Alive’s 2023 Annual MD&A and other filings made with Canadian securities regulatory authorities available at https://sedarplus.ca. These documents are also available on our website at https://earthalivect.com/. Earth Alive disclaims any obligation to update or revise these forward-looking statements except as required by applicable law.