GenTech's
SINFIT Nutrition
Continues to Break into Lucrative Asian
Markets
"Oni
Global" places first major order with SINFIT
Nutrition
DENVER, CO --
September 15, 2020 -- InvestorsHub NewsWire
-- GenTech Holdings, Inc.
(OTC
PINK: GTEH)
("GenTech" or the "Company")
(www.gentechholdings.com), a Holding Company in
the high-end
Premium Coffee and Functional Foods marketplaces
for Secret Javas
(www.secretjavas.com) Inc. & SINFIT Nutrition,
Inc.,
www.sinfitnutrition.com) is pleased to announce that
SINFIT
Nutrition has received its first major order
from Oni
Global (https://oniglobal.com) a major Singaporean distributor
of Functional Food across the region.
This first delivery
to leave the company's new custom designed
warehouse and office space in Wheat Ridge,
Colorado, where they are now based, is
set to be dispatched within the next week and is for over $80,000
of retail priced product. Regular dispatches of product to the
region are set to begin shortly after. Oni Global has stores across
Singapore, Taiwan, The Philippines and Malaysia.
CEO of SINFIT
Nutrition, Leonard K Armenta Jr., recently commented that
"Our
growth continues on track and to budget
and we see no sign
of it slowing down anytime soon. International reach is
crucial to our continued success and our ability to penetrate the
markets around the globe is now not in question."
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