Welcome to our dedicated page for NETBRANDS news (Ticker: GDMK), a resource for investors and traders seeking the latest updates and insights on NETBRANDS stock.
NetBrands Corp, traded as GDMK, is a diversified holding company headquartered in Island Park, NY. The company operates through multiple divisions, with a focus on M&A to acquire and scale up ecommerce assets in various verticals.
Recently, NetBrands Corp engaged eCommerce Lending to execute its blueprint for acquiring ecommerce businesses. The company is currently under an LOI for the proposed acquisition of Zero Gravity, a leading provider of FDA-approved anti-aging devices.
NetBrands Corp has filed an application to uplist to the OTCQB Venture Market, aiming to enhance transparency, liquidity, and valuation for its investors. The company's strategic moves demonstrate its commitment to shareholder value and growth.
Global Diversified Marketing Group Inc (OTC: GDMK) has formed a strategic partnership with Spencer Clarke LLC, a New York-based investment bank. This collaboration aims to enhance the company's capabilities in expansion, acquisitions, and shareholder value enhancement. The company is optimistic that this relationship will facilitate its growth plans for 2023 by leveraging Spencer Clarke's connections with major financial institutions. As the eCommerce sector rapidly grows, GDMK plans to capitalize on unique assets to further scale its operations.
Global Diversified Marketing Group Inc. (OTC: GDMK) reflects on strong achievements from 2022 and outlines growth plans for 2023 in a letter to shareholders from CEO Paul Adler. Notable milestones include securing distribution with Bealls Inc., acquiring The Hula Fit ecommerce site, and launching the Ezlyv gummy supplement line on Amazon. The company aims to attract long-term investors and pursue a senior exchange listing to enhance liquidity and visibility. They express optimism about continued growth and brand recognition in a recovering economy.
Global Diversified Marketing Group (OTC: GDMK) announced that its Ezlyv gummy supplement line is now available on Amazon. This move aims to boost revenue through a Direct-To-Consumer channel, complementing existing sales via their website. The company believes this will enhance brand recognition and strengthen its e-commerce presence. CEO Paul Adler emphasized that utilizing a trusted platform like Amazon appeals to millions of consumers, positioning Ezlyv for long-term growth in nutritional supplements.
Global Diversified Marketing Group Inc. (OTC: GDMK) has successfully acquired The Hula Fit, an ecommerce site specializing in fitness equipment and athletic apparel. This acquisition, approved by the company’s independent board, employs a drop shipping model, eliminating the need for inventory storage. CEO Paul Adler expressed optimism about leveraging this new asset for further acquisitions in the ecommerce sector, emphasizing growth through diversification. This move aligns with GDMK's strategy to enhance and scale their ecommerce business.
Global Diversified Marketing Group Inc. (OTC PINK:GDMK) announced that Paul Adler, President & CEO, will present at the 148th National Investment Banking Association (NIBA) conference on September 8, 2022, in Hollywood, FL. This event provides an opportunity for one-on-one meetings with investors and industry experts.
The company operates as a diversified holdings firm, focusing on consumer packaged goods, including snacks like Italian wafers and croissants, across the U.S., Canada, and Europe.
Global Diversified Marketing Group Inc (GDMK) reports Q2 2022 revenue of $560,724, a slight increase of 1% from Q2 2021. However, gross profit margin dropped significantly to 26.7% due to rising logistics and inventory costs. For the first half of 2022, revenues totaled $893,608, down 35% compared to $1,379,979 in H1 2021, largely due to a one-time order and warehouse transition. Gross profit margin for H1 also contracted to 28.9%. CEO Paul Adler remains optimistic about future growth through diversification and potential acquisitions.
Global Diversified Marketing Group Inc. (OTC: GDMK) has secured distribution with Bealls Inc. to expand its reach in the Sun Belt states, enhancing its existing distribution network of approximately 5,000 stores. Bealls operates 550 outlets across 17 states, which is expected to significantly boost GDMK's revenue. The company specializes in gourmet snacks, including Italian wafers and filled croissants, and distributes through various channels, including grocery and food-service distributors.
Global Diversified Marketing Group Inc (OTC: GDMK) reported its fiscal Q1 results for the period ending March 31, 2022. Revenue fell by 59% to $332,885 compared to $823,400 in Q1 2021. The gross profit margin decreased to 32.5% from 40.5%. Despite a net loss of $203,794, an improvement from a $410,545 loss in the prior year, the company anticipates growth due to a transition to a larger warehouse facility. CEO Paul Adler noted that geopolitical events impacted performance but remains optimistic about the business's future growth prospects.
Global Diversified Marketing Group Inc. (GDMK) reported a 60.5% increase in revenue for the fiscal year ending December 31, 2021, reaching $2,665,017 compared to $1,660,726 in 2020. The gross profit margin decreased slightly to 38.9%. The company faced a net loss of $1,213,879, primarily due to non-cash stock-based compensation. Operationally, GDMK launched new products and reduced invoice factoring reliance. While the company anticipates leveraging its infrastructure in 2022, it also cites shipping and logistics cost increases as a profitability challenge.
Global Diversified Marketing Group Inc (GDMK) reported a strong fiscal Q3 for the period ending September 30, 2021. Revenue increased by 10% year-over-year to $732,691, with a gross profit margin improvement to 38.4%.
For the nine months ending September 30, 2021, revenues surged 68% to $2,112,580, and gross profit margin rose to 40.5%. The company launched three new SKUs and reduced reliance on factoring while expanding its customer base. They emphasized strong inventory management amidst global supply chain issues.
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