GenTech
Highlights Strong Jump in International
Orders as Global Marketplace
Reopens
NEW YORK, NY
-- June 22, 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, is excited to announce
a surge in purchase
orders from international markets in excess
of $150,000 for products sold through its newly acquired
brand, Sinfit Nutrition
(Sinfitnutrition.com) ("Sinfit"), a Top-5 functional food brand
currently sold 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.
The recent surge in
orders has
occurred over a two-week
period, as GenTech management has taken
over operational control of Sinfit and begun to invest in
accelerating sales activity for the popular functional foods
brand.
TruNorth, one of the largest distributors
in Canada, is actively working to expand
the Sinfit footprint in the Canadian marketplace. In addition, the
brand's UAE distributor has placed an order for
$80,000.
And its
Singapore distributor has notified the Company that an order for an
additional $70,000 is being processed. Its UAE distributor has only
been selling Sinfit products within Saudi Arabia but is now expanding to drive sales
throughout the middle east region, which may open up access to a
market worth in excess of $500 million by
2023.
David Lovatt, CEO of GenTech, remarked,
"We know we can
grow Sinfit Nutrition into a global brand over the next
two years. In fact, we are already proving
that. To
support that growth, our SEC disclosure late last
week, if
approved and we decide to let it stand, is important because it arms us
with the ability to make the necessary investments in seeing that
vision actualized. Typically, it takes a minimum
of 30 days before the SEC approves Regulation A financing
instruments and, barring any additional
comments
&
company
responses, could stretch that timeline out
to 60 or even 90 days. So we have therefore now
granted GenTech
with a necessary level of optionality and, with that flexibility, we aim
to deliver long-term shareholder value, even if the short term is
more volatile. That said, we appreciate the
importance of maintaining a vigilant eye on GTEH share pricing in
the public markets. We will respect that factor as
we weigh our options and move forward, navigating this important
transition toward significant commercial stage
growth,
while always remaining fully committed to transparency and keeping
our shareholders informed."
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, a range of high-end
Function 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