GenTech's
SINFIT Nutrition Secures
Significant International Success with
Saveco™
DENVER, CO
-- October 22, 2020 -- InvestorsHub
NewsWire -- GenTech Holdings, Inc. (OTC
PINK:
GTEH) ("GenTech" or the "Company"), an
emerging leader in the high-end Premium Coffee (www.secretjavas.com), ("Secret Javas") Hemp
Wellness (www.hakunasupply.com) ("Hakuna") and Functional
Foods subsidiary SINFIT Nutrition Inc. (www.SINFITnutrition.com)
("SINFIT"), through its SINFIT Nutrition brand is
excited to announce that the Company has secured a new
International distribution partner, Saveco™ ("Saveco") (www.saveco.com)
The Company has recently
shipped products to Saveco in Kuwait, and is currently awaiting for
the State of Kuwait's government to finalize the registration of
the SINFIT brand for import and sale through Saveco's massive online
presence and via their various physical stores throughout the
region.
CEO of SINFIT Nutrition,
Leonard K Armenta Jr., recently commented that "Our
International
growth
shows no sign of
slowing down and the appetite for our products is fantastic.
International
reach is crucial to our continued success and our ability to penetrate the
markets around the globe is rising at an extremely
exciting and rapid pace. Whether it be the fact that
our Canadian distributor, TruNorth™ has increased their order
volume threefold, or the signing of
this
significant new Middle Eastern partner, our reach
continues to expand exponentially and our sales
footprint is broadening on a true global
basis."
Established in 2013,
Saveco
is the latest
subsidiary of Al-Qatami Group, founded by Mrs. Noor
Al Qatami. Saveco is an all-inclusive one
of-a-kind one-stop mega market in Kuwait and with locations and sales
outlets throughout the
region. Their
retail stores offer a vast range of products and services.
Saveco has
flourished and has become a major player in the region and fast
carved out a role in becoming one of the leading markets in organic
and specialty products.
The variety of services
that Saveco offer include the food
academy, restaurants, Cafes, Juicing shops, Perfume stores,
florists, the kid's entertainment area and much more. Their mission
is become the largest and leading Mega Market in the MENA region by
providing excellent customer service and diversity of quality
products through consequential innovation. Their aim is to be the
one-stop shopping experience for all Kuwaitis and expatriates in
the region.
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.
SINFIT recently announced that it
had acquired Products Group Inc. (a/k/a Hakuna Supply) in a stock
only transaction. Hakuna offers award-winning
high-end CBD-based products, including CBD Hemp Roast Coffees, CBD
Coffee Bundles, CBD Tea Bundles, CBD Drink Drops, CBD Gummies, CBD
Flower, a range of premium CBD Teas, and other premium products.
Hakuna also offers a range of popular accessories, including
signature stash boxes, biometric lock boxes, grinders, pipes, roach
clips, rolling papers, rolling trays, and stash jars.
Hakuna is
expected to bring in the region of $1M in topline revenue to
GenTech's earnings.
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, owns a Functional Food
company, SINFIT Nutrition and recently closed its acquisition on
Products-Groups' "Hakuna Supply".
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
