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Great News today for GDMK: Global Diversified Marketing Group Inc. Discusses Its Diversification and Expansion Strategy with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - June 1, 2020) - The Stock Day Podcast welcomed Global Diversified Marketing Group Inc. (OTC Pink: GDMK) ("the Company"), a company that operates as a food and snack manufacturer, importer, and distributor through its subsidiary in the United States, Canada, and Europe. President and CEO of the Company, Paul Adler, joined Stock Day host Everett Jolly.
Jolly began the interview by asking Adler about the Company's growth strategy. "What we're basically looking to do is expand our brick and mortar business," explained Adler. "Right now, we're distributing nationwide directly with major retailers," he continued, adding that the Company recently signed an agreement with Asian American Trade Associations Council (AATAC) in an effort to expand their line of Biscottelli Italian Croissants into the C-Store channel nationwide.
Jolly then asked whether the Company more closely identifies as an importer and distributor or as a manufacturer. "We are mainly classified as a manufacturer/importer and distributor," said Adler. He then explained that the Company is always looking for unique products which will eventually be contract-manufactured along with their trademark branded products. "We import them to the US and distribute them directly to many retailers," said Adler, noting that many companies in the same space choose to outsource many of these steps, allowing the Company to stand out as a more diversified contender.
The conversation then turned to the launch of the Company's Amazon marketing program, which resulted in a 151% increase in sales. "For the past twelve months, we've been expanding into eCommerce, and the eCommerce has been doing phenomenal for us," shared Adler. "As far as recently, in January, the number started skyrocketing," he added. "We believe that this is a very sustainable model going forward to diversify ourselves into an eCommerce business," said Adler, noting that the Company plans to continue expanding to additional eCommerce platforms.
"Are you thinking of any new products that you'll be bringing online?", asked Jolly. Adler shared that the Company launched a shelf-stable macaron product prior to the COVID-19 pandemic. "Usually this item is a refrigerated item," he explained, noting the uniqueness of the product. "We were able to bring it under our brand and launch as a soft launch in early February," said Adler. "We decided to do a full-scale distribution going forward over the next several months."
Jolly then asked how the Company's segment varies from others in the industry. "We're an essential segment," said Adler. "Over the last six months, the snacking percentage in growth has increased four-fold."
To close the interview, Adler shared that the Company will continue forward with a strong focus on its diversification, which they plan to achieve by raising additional capital and completing numerous acquisitions.
To hear Paul Adler's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7596160-global-diversified-marketing-group-inc-discusses-its-diversification-and-expansion-strategy-with
About Global Diversified Marketing Group
Headquartered in Island Park, NY - Global Diversified Marketing Group Inc operates as a food and snack manufacturer, Importer & distributor through its subsidiary in the United States, Canada and Europe. The company operates through snacks segment. The snacks segment offers Italian Wafers, Italian filled croissants, French Madeleines, Wafer Pralines, shelf stable Macarons and other gourmet snacks. The company sells its products direct and through various distribution channels comprising specialty, grocery retailers, food-service distributors, DSD as well as vending, pantry and micro market segment.
For more information on GSMG visit: http://www.yaoshixinghui.com/
Revenues were US$9.8 million as compared to US$13.8 million in the same period of 2019.
Income from operations was US$2.9 million as compared to US$4.4 million in the same period of 2019
Downloads of the CHEERS App1 exceeded 100.5 million as of March 31, 2020, compared to 17.2 million as of March 31, 2019.
Average daily active users (“DAUs”)2 of the CHEERS App increased to 4.1 million from 0.5 million in the same period of 2019.
The Company’s e-Mall carried over 9,602 Stock Keeping Units (“SKUs”) as of March 31, 2020, and recorded over RMB40.6 million (US$5.8 million) in gross merchandise value (“GMV”)3 through its CHEERS App in Q1.
GSMG Glory Star New Media Group Holdings, Anticipates a Multi-Million Dollar Revenue Stream with Industry Leader JD.com for Premium Entertainment Services in China
OOOOO.....KKKKK...Not seeing ANY reason that should or will happen anytime soon unless a massive IR grup is bought on asap.
Today pissed me off! There was a filing 2-3 weeks ago about some gy in ND or SD that bought like 52 Million shares. I bet that's what we are seeing here. Once this jack wagon is gone we fly.
I did see that, thanks. Good Point, here's hoping thats gone soon.
$GRYN Here is a link to a video of the farm: https://player.vimeo.com/video/382252271
The CEO has invested more than $2M of his own monies in the last 12 months!
Management makes a company and this one has a seasoned group of industry professionals.
GRYN has not done a single private placement to date. Thus we can realize share price appreciation!
GRYN is fully reporting audited for full transparency & real-estate backed!
GRYN: Under 38 million total shares outstanding fully diluted.
There are ONLY 4.7 million shares in the public trading float!
Agree 100%
GAP N RUN in the AM! Eyeballs are back and here. it is time for epic run 2.
NGTF looking good, volume alert.
What is going on with this DUMPFEST? Tell me no one is selling? PFFFT. This is clearly a work in progress and no where near a potential or future Billion Dollar company. Let's be realistic, with an advertising campaign it runs again, and not until.
Spring Supermarket Buyers are lining the shelves for Summertime snacks, people are depressed and WILL SNACK, why NOT a better option in these trying times? People are still shopping, even more so now, good time for Nightfood to capitalize!
Thanks, please consider less colors, same size fonts and even a little less? Your call obviously, just suggestions from the crave monster himself (wink wink)
Thanks a lot, looks much better. Cheers.
$NGTF is creating some really great alliances. Like where this is headed.
$CURR an innovative Drug delivery and development company, announced on April 21st the issuance of two U.S. Patents: No. 10,639,339 and 10,624,940. The patents represent an expansion of the existing CURR “product by process” patents for obtaining multiple unique concentrates using super critical fluid extraction (SCFE). These include concentrates which have shown promising therapeutic activity in animal studies in areas such as inflammatory bowel disease, cancer and infectious diseases.
This is lining up to be huge IMO.
I cannot wait for the fights to come back! Such a big blow for a company that was on it's way! Here's to the second half of 2020, lets wake up from this bad dream.
GDMK Growth Opportunities Through Expanding and Securing New Distribution Venues with Over 350 Grocery Outlet Locations
GDMK Attractive Share Structure with Only 13 Million OS.
GDMK ..1.4 Million dollars of Italian Wafers, Filled Croissants, French Madeleines, Wafer Pralines, Shelf Stable Macarons and other gourmet snacks sold in 2019/2020 Proves to be much better.
$GDMK Global Diversified Marketing Group Supplies Premium Quality Food and Snacks to the USA, Canada and Europe. New Distribution Agreement with Grocery Outlet Signed
17 Followers? On our way to a Million by August?
Why is OTCX On the offer, they ALMOST ALWAYS represent FUNDERS and not great ones. I thought PNNX didn't need toxic cash? This makes sense now as to where the selling KEEPS coming from? I just read there is almost 500k in this sort of debt?
It will never go back to where it was if that is the case, Never.
What A snoozefest this turned into. No I am not selling, do I want some follow up after the massive Pump in January, you are damn right. Should I have sold at .22? Time will tell.
I have 4 Mill doing a PP with him, praying for him and his mental capacity moving forward provided he is ok. If not I hope he has a competent board.
I used to talk to him, he has NOT answered my calls, messages or emails in the last 2 months either. He sounded bad when we spoke 2 months ago. Hope he is ok, someone may have to take the reigns and soon.
Buys??? You mean the 500 share paint? No buying here, no reason to buy it here. The launch was comical.... Wondering why I am in this, doesn't look like a Billion dollar company.
Not seeing it. Maybe if it hits .08 again Ill grab more. A lot close to .08 that 1.00
Not seeing it. Maybe if it hits .08 again Ill grab more. A lot close to .08 that 1.00
Glens I respect you but strongly disagree. There is nothing in the front or the rearview mirror that takes this to buck anytime soon. Just not seeing it.
At least 5 people have told me this is the next billion dollar company..........Maybe IF a Billion dollar company buys it for 50 grand and a box of crayons.Losing patience, then I get cranky.
Who turned the lights out here? NOT
how you run a public company.....
Just keeps dropping, ticking me off, no exposure.
They need to fix the spelling of "Business" properly on the home page........