GenTech’s SINFIT Nutrition Continues to Break into Lucrative Asian Markets.
“Oni Global” places first major order with SINFIT Nutrition
DENVER, CO, September 15, 2020 (GLOBE NEWSWIRE) — via OTC PR WIRE — GenTech Holdings, Inc. (OTCMKTS: GTEH) (“GenTech” or the “Company”) (www.gentechholdings.com) , a Holding Company in the high-end Premium Coffee and Functional Foods marketplaces for Secret Javas (www.secretjavas.com) Inc. & SINFIT Nutrition, Inc., www.sinfitnutrition.com) is pleased to announce that SINFIT Nutrition has received its first major order from Oni Global (https://oniglobal.com) a major Singaporean distributor of Functional Food across the region.
This first delivery to leave the company’s new custom designed warehouse and office space in Wheat Ridge, Colorado, where they are now based, is set to be dispatched within the next week and is for over $80,000 of retail priced product. Regular dispatches of product to the region are set to begin shortly after. Oni Global has stores across Singapore, Taiwan, The Philippines and Malaysia.
CEO of SINFIT Nutrition, Leonard K Armenta Jr., recently commented that “Our growth continues on track and to budget and we see no sign of it slowing down anytime soon. International reach is crucial to our continued success and our ability to penetrate the markets around the globe is now not in question.”
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 products are extremely well-positioned relative to its market peers and to the long-term macro tailwind defining the functional foods market, which saw sales top $267 billion in February of this year on a global basis, with sales in the US reaching $63 billion, according to Euromonitor 2020. This trend is part of a larger supportive momentum in the general category, with global sales of organic food and drink topping $105 billion in 2018 (Ecovia 2019). U.S. organic food sales also reached $47.9 billion, up 5.9% in 2018 (OTA 2019). In 2019, 77% of U.S. adults used dietary supplements, an all-time high (CRN 2019). U.S. supplement sales are estimated to have reached $49.3 billion in 2019, up 6.2% (NBJ 2019).
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 has recently closed on its acquisition of SINFIT Nutrition, which offers a range of high-end Functional Foods.
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