GenTech Holdings Inc (GTEH)

[Bling Bling1]

Company is sitting on a mountain of cash. $GTEH

"We spent months negotiating this deal to achieve best shareholder value possible. The deal was closed less than a month ago and we are already seeing incredibly strong International revenues. When the transaction closed, GenTech received c.$70k in accounts receivable, c.$70k in inventory, and more than $100k in packaging, as well as all customer relationships, IP, web presence, and goodwill in a deal that was cash only. The former owner trusted us to actualize the tremendous potential of the Sinfit brand and I am confident we will deliver on that trust provided. Our US sales team is just starting to ramp up, and our analysis suggests very promising signals from US distributors already very familiar with the brand as stores open back up and inventories are thin at best. I think I can already state that this was an extraordinarily productive use of $250,000 in cash to acquire SINFIT."