InvestorsHub Logo
Post# of 4973594
Next 10
Followers 7
Posts 339
Boards Moderated 0
Alias Born 03/29/2012

Re: None

Wednesday, 03/24/2021 9:50:47 AM

Wednesday, March 24, 2021 9:50:47 AM

Post# of 4973594
GTEH news
GenTech's SINFIT Announces Acquisition of Fast-Growing Health Brand "Yourganics"

Wheat Ridge, Colorado--(Newsfile Corp. - March 24, 2021) -  GenTech Holdings, Inc. (OTC Pink: GTEH) ("GenTech" or the "Company"), (www.gentechholdings.com) an emerging leader in the high-end Premium Coffee (www.secretjavas.com) and Functional Foods marketplaces, is excited to announce that its SINFIT Nutrition unit ("SINFIT") (www.sinfitnutrition.com) today signed a binding Letter of intent to acquire the assets of hot emerging brand 'Yourganics'.

?

SINFIT Nutrition

To view an enhanced version of this image, please visit:
https://orders.newsfilecorp.com/files/6713/78377_f9a575e4b4a90a96_002full.jpg
?

yourganics

To view an enhanced version of this image, please visit:
https://orders.newsfilecorp.com/files/6713/78377_f9a575e4b4a90a96_003full.jpg
Already sold online and seeing great success on Amazon.com™, SINFIT Nutrition, Inc. sees massive growth in the Vegan Functional Food market by taking the core Yourganics brand and its customers and cross marketing the SINFIT range and vice versa.
CEO of SINFIT Nutrition, Leonard K. Armenta Jr. commented that "Yourganics recently saw huge success with their Amazon sales (https://tinyurl.com/5293dnwb) and sold through their entire inventory in record time leaving them a prime acquisition target. With our easy access the manufacturing and with a solid capital base to work from, we believe our success with Yourganics will be on an impressive scale."
The Company intends to quickly expand the range to include a 'Yourganics from SINFIT' offering that will produce everything from Organic and Vegan Seasonings through to Organic and Vegan Cookies and Protein Bars.
Armenta continued "We have been on an active acquisition hunt and this is just the start. Our eye for brands that can cross fertilize and integrate into our ecosystem have been high on the list, and this is the first of many over the coming weeks and months'. Watch this space!"
A rise in the company's authorized share capital will be undertaken to accommodate the transaction, which the Company more than expects to be outweighed by increased revenues in the coming weeks.
SINFIT's Leonard K. Armenta Jr recently appeared on MoneyTV to discuss the company's recent successes, with the largest domestic revenue month registered in February 2021. Armenta commented:
"2021 is off to a great start. Q4 is a predictable seasonal soft spot, but the Company was able to use that period to gear up for maximizing its opportunities in the new year. This has included supply chain adjustments, a major marketing push, product expansion, reorganization, and other value-add adjustments. So far, this is working extremely well, with revenues for the month of February 2021 topping revenues for the entire fourth quarter 2020"
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 owns and operated SINFIT Nutrition, which offers a range of high-end Functional Foods.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.