GenTech's
SINFIT Nutrition Brand
uses MoneyTV™ interview
to Discuss distribution Partner
'Fusion'. Distributor
sells into Costco™ Walmart™ CVS™ &
Walgreens
Denver, CO
-- August 7, 2020 -- InvestorsHub NewsWire
-- GenTech Holdings, Inc. (OTC
PINK:
GTEH) ("GenTech" or the "Company"),
an emerging
leader in the high-end Premium Coffee and Functional Foods
marketplaces, announces that the Company
has
been interviewed
by stock
market veteran Don Baillargeon
and has expanded
upon its newly signed relationship with Puerto Rico's top
Functional Food & Sports Nutrition Distributor,
Fusion
Consulting Group ("Fusion")
(www.fusioncgpr.com).
The MoneyTV interview is
available on the Company's website:
https://www.gentechholdings.com/moneytv-interview-08-05-2020/
It is also available direct
from the MoneyTV website www.moneytv.net
Founded in 2008,
Fusion services over 1200 locations
in Puerto
Rico, including
Walmart™, Sam's Club™, Costco™, CVS™ and
Walgreens™. Fusion also has a distribution footprint that includes
the Caribbean Islands
and
Central America
and is in
the process of expanding
into parts
of South
America. Fusion serves supermarkets, mass
merchandisers, C-Stores, gyms, health
food stores, and pharmacies,
as well
as other
distributors internationally.
Leonard Armenta, CEO of
SINFIT, added, "Fusion enables us to continue our already strong
early growth by increasing our mass retail footprint. We anticipate
a strong and growing flow of orders through this new channel and we
look forward to years of productive and mutually beneficial
business with Fusion across their rapidly expanding
territories."
Based on data from Fusion
and GenTech's own analysis, the Company estimates the Fusion
contract to be worth approximately $200,000.00 in new sales
in the
partnerships 1st year, with the potential to
grow substantially in the years ahead.
SINFIT branded products registered
over $2.5 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, True North Nutrition in
Canada and in over 10,000 global physical
and e-commerce stores across more than 10 countries around the
world.
SINFIT products
are
extremely well-positioned relative
to its
market 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
