WHEAT RIDGE, CO, March 03, 2022 (GLOBE NEWSWIRE) — GenTech Holdings, Inc. (OTC PINK: GTEH) (“GenTech” or the “Company”) (www.gentechholdings.com), (a/k/a Supplement Group (USA) Inc.,) an emerging leader in functional foods (www.sinfitnutrition.com) and Nutritional Supplements (www.americanmetabolix.com) marketplaces, is pleased to release February performance data for the company’s unique carbonated protein water beverage, Fizzique™, Inc.(www.drinkfizzique.com).
In its first month of shipping products since acquiring the brand, the company recorded February sales of Fizzique™ in the United States, Canada and the Middle East. Sales expanded to 10 states or territories and were primarily concentrated in 17 major United States metropolitan areas, led by two major international distributors, five major regional distributors, and one major sales department.
In total, the Company sold 60,624 cans (including 5,052 cases) of Fizzique™ Inc. in February, generating total monthly revenue of $103,786, an annualized pace of approximately $1.25 million.
Leonard K. Armenta Jr., CEO of GenTech Operating Subsidiaries, said, “We have a large specialty online retailer who had to place a new order a week after the launch of Fizzique™. We have regional distribution across the West Coast, North Midwest, South Midwest and Texas. And we have integrated two international distributors. In other words, we’re starting to see the Fizzique™ Inc. brand take off.
“As of March, we are already courting two national distributors who cover over 10,000 stores, one with a verbal commitment already in place for over 20,000 cans as an original purchase order,” Armenta continued. “We also secured our first C-Store distributor serving over 600 locations in the southern United States. With the early success of our current customer base, we expect restocks throughout the next month. February was solid. But that was just the tip of the iceberg now that things are really moving for Fizzique™ Inc..”
Management believes that the marketing strategies will help drive the growth of the Fizzique™ Inc. brand over the coming months.
Fizzique™ recently announced that it has signed Megan Olivi (http://meganolivi.com) as a brand ambassador. Ms. Olivi is a host and senior reporter for UFC™ on ESPN™ and NFL™ commentator for Fox™. During the fight shows, Megan can be seen live all night doing interviews and hosting from the office. She also serves as a sideline reporter and football season reporter for the NFL on Fox. Ms. Olivi gets 1.25 million views on the UFC preliminary bout and nearly 2 million on the UFC pay-per-view per fight. As well as over a million followers on various social media platforms and achieves exceptional engagement across all channels, all of which are essential metrics when choosing a brand ambassador.
According to Fortune Business Insights, the global sports drink market size is expected to exceed $36 billion in 2028 from just over $27 billion in 2021, growing at a CAGR of over 4% during this period. The research cites the growth in the number of health-conscious consumers around the world, as well as the growing number of athletes and sports participants, as key factors driving this expansion.
Fizzique is a very unique clear and fizzy protein drink. The technology behind the product line is backed by multiple patents. Fizzique was voted America’s Best Functional Drink and Most Innovative Protein Drink Brand by the US Editor’s Choice Supply Side West CPG Food and Drink Awards in 2018 and 2019.
About GenTech Holdings, Inc..
GenTech Holdings, Inc. (aka Supplement Group (USA) Inc., www.supplementgrp.com) 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.
www.sinfit.com www.americanmetabolix.com www.stormlifestyles.com www.nxtbar.com http://www.naturesoothie.com www.swftstims.com www.youganics.com www.mpbsnacks.com
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 Holdings reports sales of Fizzique™ internationally and in 17 major US cities as initial inventory hits shelves