Acquisition of Fast-Growing Health
Ridge, CO -- March
24, 2021 --
InvestorsHub NewsWire -- GenTech Holdings, Inc. (OTC
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'.
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
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."
intends to quickly expand the range to include a 'Yourganics from SINFIT'
offering that will produce
from Organic and Vegan Seasonings
through to Organic and Vegan Cookies and Protein
"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
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
K. Armenta Jr recently appeared on MoneyTV to discuss the company's recent successes, with
the largest domestic revenue month registered in February 2021.
"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
About GenTech Holdings,
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.
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.
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