Key Points from PR dated July 15, 2020:
- Since acquiring SINFIT in 2020 2Q, $GTEH had immediate topline growth, with $130K in sales during their initial month of June.
- With additional new orders coming in from a global network of distributors, $GTEH has also expanded its e-commerce availability.
- $GTEH's US SINFIT sales team has ramped up activity with domestic US distributors already very familiar with the brand.
- Given the rapid rate of growth, t$GTEH moved into a new office and warehouse facility on July 15.
- Lease currently provides for 4000 sq ft and carries a built-in option to expand to 8,000 sq. ft. within 3 months.
- Property lease also includes rights to a prime physical advertising space directly adjacent to a major highway (Interstate 70) with daily traffic of 300K+ people per day.
- The current $100K in product ordered last week consists o:
-- 10,000 bags of protein infused pancakes.
-- Over 25,000 bottles of sugar-free syrup.
-- 3,000 caffeinated flavored spreads.
-- 8,000 of our brand new offering of 'nutrition waffles'
-- 4,000 units of our protein infused cookies.
-- 5,000 protein bars.
- SINFIT branded products registered over $2.2 million in global sales in 2019.
- SINFIT now approved for sale and available for purchase:
-- On the Walmart.com and Amazon.com e-commerce platforms.
-- In over 2,500 GNC locations in North America.
-- In over 10,000 global physical and e-commerce stores in more than 10 countries around the world.
-- In True North stores in Canada.
- Since acquiring SINFIT in 2020 2Q, $GTEH had immediate topline growth, with $130K in sales during their initial month of June.
- With additional new orders coming in from a global network of distributors, $GTEH has also expanded its e-commerce availability.
- $GTEH's US SINFIT sales team has ramped up activity with domestic US distributors already very familiar with the brand.
- Given the rapid rate of growth, t$GTEH moved into a new office and warehouse facility on July 15.
- Lease currently provides for 4000 sq ft and carries a built-in option to expand to 8,000 sq. ft. within 3 months.
- Property lease also includes rights to a prime physical advertising space directly adjacent to a major highway (Interstate 70) with daily traffic of 300K+ people per day.
- The current $100K in product ordered last week consists o:
-- 10,000 bags of protein infused pancakes.
-- Over 25,000 bottles of sugar-free syrup.
-- 3,000 caffeinated flavored spreads.
-- 8,000 of our brand new offering of 'nutrition waffles'
-- 4,000 units of our protein infused cookies.
-- 5,000 protein bars.
- SINFIT branded products registered over $2.2 million in global sales in 2019.
- SINFIT now approved for sale and available for purchase:
-- On the Walmart.com and Amazon.com e-commerce platforms.
-- In over 2,500 GNC locations in North America.
-- In over 10,000 global physical and e-commerce stores in more than 10 countries around the world.
-- In True North stores in Canada.
GenTech Holdings Inc (GTEH) Stock Research Links
"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
