"We will have more to say in the very near future about our recent acquisition, but it's important at this point to let our shareholders know how we are building value," commented David Lovatt, CEO of GenTech. "This isn't just a big sales play. It's an extremely potent value-add from a talent and experience standpoint. It puts GenTech firmly on the playing board in the powerhouse functional foods market, which represents an exceptional complement to our premium subscription coffee operations."
Through its recent acquisition, a Company that wrote over $2Mn in annual revenue in 2019, it has also acquired key relationships with top-tier talent that boasts over 20 years' experience in international sales in the Sports Nutrition industry driving millions in sales spread across over 70 countries around the world. This includes frontline experience at powerhouses EAS and MusclePharm, and direct experience successfully marketing products to teams in the MLB, NBA, and NFL. This also includes A-level relationships with a wide network of distributors in the Midwest and California and notable top-selling industry performers distributing over the Amazon(dot)com platform.
GenTech is already leveraging these assets to form a virtual team tasked with bringing accelerating revenue growth to the table. Management believes the functional foods space represents a powerful opp. to drive tremendous value for shareholders. [...].
Lovatt continued, "Our recent acquisition positions GenTech to capitalize on a robust growth trend while balancing the equally exciting growth opp. we are already targeting in the premium subscription coffee market through our Secret Javas line."
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#2 Potential GTEH Catalyst - More Details On Acquisition
GenTech Acquiring Leading High Protein Foods Brand with Global Distribution to Integrate with Its Gourmet Coffee Brand
New York, New York--(Newsfile Corp. - May 7, 2020) - GenTech Holdings, Inc. (OTC Pink: GTEH) ("GenTech" or the "Company"), an emerging leader in the high-end food and drinks marketplace, is excited to announce that the Company is in the process of acquiring all of the assets, including inventory, revenues, goodwill, intellectual property, trade secrets, and trading relationships of this top-5 functional food brand currently sold in GNC stores, distributed by Europa Sports and available in more than 10 countries worldwide.
The Purchase Agreement (the "Agreement") represents a comprehensive asset acquisition in a cash deal. Further details of the transaction are under embargo until Thursday 11th June where full details will be released although the Company intends to update the market as further details are available.
The products of the acquisition target produce are widely available across North America and are being distributed domestically to over 10,000 stores and websites of one of the largest supplemental distributors in the world.
The acquisition target produced over $2.2Mn in revenues in 2019.
"This acquisition has a tremendous synergistic element that enhances our current business model right now, with substantial revenues and a brand that vertically integrates perfectly in the GenTech model," commented David Lovatt, CEO of GenTech. "Their CEO is a rock star in the space who has built something here with huge potential. It perfectly complements with our identity as a high-end, gourmet brand model."
The products that GenTech are acquiring are in the high protein caffeinated & non-caffeinated functional food arena and have consistently received industry leading reviews and feedback. Shareholders will be updated as the embargo is lifted.
Lovatt continued, "Since the outbreak of CV-19, their business has done a great job of maintaining market positioning and brand momentum. Most of the business has been converted to an online model, which is driving a jump in Amazon and Direct to Consumer sales of their products. We feel this seamless transition to online/direct sales is likely to be a sticky result and represents the wave of the future."
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#3 Potential GTEH Catalyst - Uptick In Secret Javas Demand
GenTech Sees Jump in Demand for Specialty Coffee Home Delivery as CV Risk Drives Stay-at-Home Dynamic
New York, New York--(Newsfile Corp. - March 12, 2020) - GenTech Holdings, Inc. (OTC PINK: GTEH) ("GenTech" or the "Company"), an emerging leader in the high-end CB food and drinks marketplace, announces that the Company has noticed an uptick in demand for its "Secret Javas" specialty subscription coffee product as fears related to the spread of CV-19 begin to transform consumer behavior, resulting in a jump in demand for products available for online purchase and home delivery.
According to numerous research pieces, the CV-19 pandemic is driving a broad "stay-at-home" dynamic that is set to reshape the playing field in many markets over coming months. For the coffee industry, the impact of the spread of novel CV on consumer behavior patterns is widely expected to play out as avoidance of coffee shops in terms of in-store traffic and "hanging out." But that does not necessarily imply that people will be consuming less total gourmet coffee. The Company believes that the upshot is likely to be excess demand showing up in products like Secret Javas that offer a gourmet specialty coffee experience without exposure to high-traffic public places like coffee shops.
"We see a boost from CV for our model, both now during the primary phase of the scare, and afterwards," commented David Lovatt, CEO of GenTech. "Once you show people that they can have the gourmet coffee shop experience in the comfort of their own homes, you can't put the genie back in the bottle. This short-term driver is likely to have long-term consequences because you're penetrating corners of the market that simply hadn't been interested in delivery services in the past. It's a powerful expansion process."
Management notes that, even without this new driver, the subscription market for household goods has been verging on an all-out boom. According to Forbes, this segment grew by 890% between 2014 and 2018. Other credible analysis suggests that growth accelerated in the past two years and may continue to accelerate in the years to come, marking a clear secular trend that represents an evolution of consumer behavior as the logistical and technological factors involved in coordinating and delivering complex goods matures and consumer behavior evolves in response.
A massive further expansion in these trends is possible from here: Only 7% of US households currently subscribe to a food or beverage product online leaving massive growth according to YouGov. Worldwide, the online foodstuff market, according to Statista, is running at 10% engagement by consumers willing to buy food and beverage products online. [...].
Lovatt continued, "This is a once-in-a-generation catalyst that will reshape the world in many important ways. Companies built to leverage virtual connectivity, online consumption, and home delivery of goods and services are inevitably going to win out in a world defined by concerns about public places. We are proud to offer some of the best coffee in the world delivered right to your front door to help people weather this process."
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More From The GTEH Website
HEMP-CENTRIC COFFEE SHOPS
National chain of Hemp Centric Coffee Shop Retail Spaces where patrons can relax, drink CB infused Teas and Coffees, try various own-brand products and experience holistic education & classes
HEMP-CENTRIC CAFE CONCEPT
The Healthy Leaf is a Hemp Centric Café Concept which offers high end Teas, Coffees and Chocolates, specifically designed with the discerning consumer in mind. GenTech is looking to open 5 Cafes over the coming 18 months as well as launching its online store to allow consumers from all across America to enjoy the products they offer. Available from the Healthy Leaf are a range of perfect teas, coffees and chocolate products as well as the the ‘Wellness’ Range which are the same high quality products, but infused with the very finest CB on offer.
Under their ultra-premium brand Healthy-Leaf, Gentech Holdings is also building an extensive outreach program working with medical practitioners across the country.
HOLISTIC EDUCATION & CLASSES
Holistic education is a philosophy of education based on the premise that each person find identity, meaning, and purpose in life through connections to the community, to the natural world and to humanitarian values such as compassion and peace.