GenTech's
SINFIT Completes
Closing of Acquisition
of Fast-Growing Health Brand
"Yourganics"
Wheat Ridge, CO -- April 5, 2021 -- InvestorsHub
NewsWire -- GenTech Holdings, Inc. (OTC
PINK: GTEH) ("GenTech" or the "Company"), (www.gentechholdings.com) an emerging leader in
the high-end Premium Coffee (www.secretjavas.com) and Functional Foods
marketplaces, is excited to announce that its SINFIT Nutrition unit
("SINFIT") (www.sinfitnutrition.com) today closed the
agreement to acquire the assets of hot emerging brand
'Yourganics'.
CEO of SINFIT Nutrition, Leonard K. Armenta Jr.
commented that "Now we have completed the acquisition we can really
start to build a range of Organic and Vegan Functional Food
products under the banner of 'Yourganics from SINFIT' in what is an
explosive growth industry at present. With our easy access the
manufacturing and with a solid capital base to work from, we
believe our success with 'Yourganics from SINFIT' will be on an
impressive scale. This will not only be a force to be reckoned with
on the Amazon™ platform, but will soon start making its way into
more traditional Brick and Mortar locations as well right across
the States."
The Company intends to quickly expand the range to
include a 'Yourganics from SINFIT' offering that will
produce everything from Organic and Vegan Seasonings through to
Organic and Vegan Cookies and Protein Bars.
Armenta continued "Our active acquisition hunt
continues as we work to close more of these horizonal acquisitions
that see our reach and our range expand, giving us access to huge
growth in revenues throughout 2021 and beyond. Watch this
space!"
GenTech Holdings, Inc, the Parent company of
SINFIT Nutrition, Inc. recently released an interim report covering
the period February 1st 2021 through March 31st
2021.
Note: Data presented below is unofficial and
provisional and may be adjusted in future official financial
reporting.
Provisional Financial Highlights for Fiscal Q2,
2021 (with one full month remaining in the
quarter):
- Gross consolidated revenues currently at $110,628
after Feb and Mar monthly operations, which represents a monthly
revenue run rate on pace to produce 89% sequential quarterly
topline growth
- Present Accounts Receivable for SINFIT at $82,338
after Feb and Mar monthly operations, which approximately matches
total from previous quarter
- SINFIT's cash-on-hand currently at $860,000 after
Feb and Mar monthly operations, which represents growth of 293% on
a sequential quarterly basis
Management believes SINFIT performance is poised
for continued growth as tailwinds from increased marketing spend
and improved operating conditions become active factors in defining
the Company's operational landscape. This includes the impact of
wide Covid-19 vaccinations and reduced pandemic impact in the
operation of fitness facilities, which is believed to indirectly
impact demand for SINFIT products.
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 owns and operated
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
Public
Relations:
EDM Media, LLC
https://edm.media
(800) 301-7883
