SINFIT
Nutrition Executes Distribution Agreement to Sell Product into
CrossFit™, the largest Gym Chain in the US
DENVER, CO -- September 30,
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 partnered with
Wheelpay™ (www.wheelpay.com) to supply Crossfit™ Gyms (www.crossfit.com) throughout the
USA.
SINFIT Nutrition has secured a
partnership with WheelPay so that they can supply
CrossFit
Gyms across the USA
with the entire SINFIT range of products. WheelPay currently services 6,000 of the
13,000 CrossFit gyms and are expanding their
reach further into the
CrossFit
gym market
as well as
into other exercise franchise and affiliate
marketplaces.
Harold Vaca, National Sales
Manager at SINFIT, stated "Having worked with the
CrossFit
scene for the last
three years at the National and Regional levels, it has allowed me
to better understand the needs of the CrossFit athletes, how their bodies work
and how
they recover. We are very proud
to be
partnering with
WheelPay.com and the team there as well as
having the ability
bring our full range of delicious
functionals foods
to so many CrossFit Gyms across the country and provide
them with healthy options to fuel their bodies."
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.
Wheelpay's Co-Founder, Kevin Todd,
recently commented
that they were "proud to partner with Companies
like SINFIT Nutrition that provide
innovative and unique products to our WheelPay affiliates and athletes across
the country."
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