NEW YORK, NY -- July
22, 2020 -- GenTech Holdings, Inc. (OTC
PINK:
GTEH) ("GenTech" or the "Company"),
an emerging leader
in the high-end Premium Coffee and Functional Foods
marketplaces, is very excited to announce that
the Company's Sinfit Nutrition (Sinfitnutrition.com)
("SINFIT") functional foods
brand, has now officially qualified for
"Mass Market Retail", FDM and Military
status at
Europa
Sports ("Europa"), one of the largest supplement
distributors in the world.
Europa Sports has been a leader
in the nutrition and performance space for 30 years.
This
distributor brings
a large US network to the table, with more than 14,000 active
wholesale customers receiving products from six (6) major
distribution centers, aggregating over a quarter
million square feet of total warehouse space, producing a two-day
fulfillment rate of 96% on new orders.
"Mass Market Retail status with Europa opens
up an enormous new marketplace for SINFIT products," commented David
Lovatt, CEO of GenTech. "We have access to mass
retailers and general goods outlets across the country
–
ie, Costco, BJ's,
Sam's Club, and many
more.
As well
as with Military Status
achievement
now, we will
be able to sell directly into the Military based
stores. This
directly opens the door for us to gain access to millions and
millions of new browsing end-market customers through
Europa."
The Company's
now
completed contract with Europa provides
access to its entire mass market footprint, which includes large
retailers, general goods outlets, military exchange stores, gyms
(Golds Gyms,
Crunch Fitness, LA Fitness, Dicks Sporting Goods,
Academy),
FDM accounts (Harris Teeter, HEB, Akins &
Chamberlin's, United Super Market, Kroger,
Costco),
and grab-n-go food and beverage
outlets along 36 major trucking routes across the US.
The contract also provides
access to a top-tier distribution
infrastructure, including over 250,000 square
feet of warehouse space, 26 strategically placed outside
territory reps from coast to coast, Cooler Programs, Europa Data
Feed programs, Web Fulfilment, gym programs, and a healthy lifestyle catalog
catering to natural and organic products
for health-conscious stores.
SINFIT branded products registered
over $2.2 million in global sales in 2019, and are now approved for
sale and available for purchase on the Walmart.com and Amazon.com
e-commerce platforms as well as in over 2,500 GNC locations in
North America, and over 10,000 global physical
and e-commerce stores across more than 10 countries around the
world. This
latest upgraded status with Europa now sharply increases that
exposure footprint. SINFIT products are also actively
distributed by True North Nutrition, one of the largest sports and nutrition
distributors
servicing the
Canadian market.
SINFIT products are well-positioned relative
to their peers and to the long-term macro tailwind
defining the
functional foods market, which saw sales top $267 billion in
February of this year on a global basis, with sales in the US
reaching $63 billion, according to Euromonitor 2020.
This trend is part
of a larger supportive momentum in the general category,
with global sales of organic food and
drink topping $105 billion in 2018
(Ecovia 2019). U.S. organic food
sales also reached $47.9 billion, up 5.9%
in 2018 (OTA 2019). In 2019, 77% of U.S. adults used dietary
supplements, an all-time high (CRN 2019). U.S. supplement sales are
estimated to have reached $49.3 billion in 2019, up 6.2% (NBJ
2019).
About GenTech Holdings,
Inc.:
GenTech
Holdings, Inc. is a
publicly traded company under the symbol
GTEH. The Company launched a high-end Coffee Subscription
service in early 2020 called Secret Javas and has recently closed
on its acquisition of SINFIT Nutrition, which offers
a range of high-end
Functional Foods.
Forward-Looking Statements:
This press release may contain
forward-looking statements, including information about
management's view of GenTech, Inc.'s future expectations,
plans and prospects. In particular, when used in the preceding
discussion, the words "believes," "expects," "intends," "plans,"
"anticipates," or "may," and similar conditional expressions are
intended to identify forward-looking statements. Any statements
made in this news release other than those of historical fact,
about an action, event or development, are forward-looking
statements. These statements involve known and unknown risks,
uncertainties and other factors, which may cause the results
of GenTech, its subsidiaries and concepts
to be materially different than those expressed or implied in such
statements. Unknown or unpredictable factors also could have
material adverse effects on GenTech's future results. The
forward-looking statements included in this press release are made
only as of the date hereof. GenTech cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, GenTech undertakes no obligation to
update these statements after the date of this release, except as
required by law, and also takes no obligation to update or correct
information prepared by third parties that
are not paid for by GenTech.
Corporate
Contact:
invest@gentech.group
www.gentechholdings.com
