GenTech’s Fizzique® secures more retailers with Initial
Wheat Ridge, COLORADO, Jan. 24, 2022 (GLOBE NEWSWIRE) — GenTech Holdings, Inc. (OTC Pink: GTEH) (“GenTech” or the “Company”), (aka Supplement Group (USA) Inc.,) (www.gentechholdings.com) an emerging leader in functional food (www.sinfit.com) and Nutritional Supplement (www.americanmetabolix.com) marketplaces, received its first distribution order from a Midwest location of T&A Distribution for its rapidly expanding Fizzique® brand (www.drinkfizzique.com)
The company’s Director of Sales, Kyle Brammer, said, “My team covers all of our brands here at GenTech, from Storm and American Metabolix to SINFIT and Fizzique. We are exploring our long-standing relationships with distributors and retailers for our original brands to help RJ and the beverage team quickly gain market share. This turns out to be an incredibly lucrative strategy as the synergies are obvious.
T&A Distributions, based in Chicago, Illinois, serves a large retail footprint in the US Midwest with stores, such as Plaza Health, Core Supplements, Health Kick, and Fitness Formula Clubs, to name a few- one. Todd Daskowski, CEO of T&A Distribution, said, “Fizzique is a one-of-a-kind product that I think all of my accounts will easily get. Add to that the fact that I work with Kyle and his sales team, and it’s an easy decision to make. Company management attributes this early success to the strong relationships GenTech’s sales team has with an extensive network of existing customers across all business channels.
The company recently announced that it has begun taking orders from United Natural Foods Incorporated (UNFI), a $20 billion publicly traded company that supplies stores such as Whole Foods®, with which GenTech’s Nature Soothie® already sells, as well as Giant Eagle®, Wegman’s®, Raley’s®, Safeway®, Vitacost® and Harmony’s®.
In 2021, the company engaged Vitacost and the Kroger® digital team to bring the product to its customer base as well. While a much longer sales cycle, with substantial orders, large retailers are a crucial part of Fizzique’s revenue model. Small distributors, however, are essential to the sales and market acceptance of the Fizzique product and are nurtured by GenTech, because of their vital role.
Kroger acquired Vitacost in 2014 for $280 million in a deal that provided the grocery giant with new exposure to e-commerce and the growing market for organic products, supplements and functional foods. Vitacost’s annual sales have already increased by more than 180% since the acquisition.
*See https://ecommercedb.com/en/store/vitacost.com for more information.
About GenTech Holdings, Inc..
GenTech Holdings, Inc. is a publicly traded company under the symbol GTEH. The Company owns and operates a leading functional food brand, SINFIT Nutrition, which offers a line of premium functional foods, as well as American Metabolix, Inc., which offers a diverse line of nutritional supplements through its American Metabolix, Storm Lifestyles and Core Natural brands. Sciences.
This press release may contain forward-looking statements, including information about management’s views on GenTech, Inc.’s future expectations, plans and prospects. In particular, when used in the foregoing discussion, the words “believes”, “expects”, “intends”, “plans”, “anticipates” or “may” and similar conditional expressions are intended to identify forward-looking statements. All statements made in this press release other than statements of historical fact, regarding an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which could cause the results of GenTech, its subsidiaries and its concepts to be materially different from those expressed or implied by these statements. Unknown or unpredictable factors could also materially adversely affect GenTech’s future results. The forward-looking statements included in this press release speak only as of the date hereof. GenTech cannot guarantee future results, activity levels, 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 undertakes no obligation to update or correct information prepared by third parties that do not are not paid by GenTech.
EDM Media, LLC
$GTEH – GenTech’s Fizzique® secures more retailers with initial order from T&A Distribution