Authentic Heroes, Inc Secures First Purchase Order For its "Old is Gold" Christmas Album
Global Fiber Technologies (GFTX) has secured its first purchase order for the "Old is Gold" Christmas album, totaling $800,000 for 40,000 units from Best of As Seen On TV. The company anticipates potential sales of up to 550,000 units this holiday season at a wholesale price of $20 per unit. Collaborating with Maestro Entertainment and InvenTel, Global aims to establish a significant presence in the vinyl record industry. This initial order marks a key milestone for GFTX, opening doors for future retail partnerships and substantial revenue growth.
- First purchase order of $800,000 for 40,000 units of the Christmas album.
- Potential sales of 550,000 units at $20 wholesale each for the 2022 season.
- Collaborations with Maestro Entertainment and InvenTel enhance distribution capabilities.
- None.
Somerville, NJ, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Global Fiber Technologies (OTC PINK: GFTX) through its subsidiary Authentic Heroes has secured its first purchase order for its "Old is Gold" Christmas album.
Chris Giordano President and Chairman of Global Fiber Technologies, Inc. stated; "Our initial march into the world of music entertainment has been met with extraordinary enthusiasm. Brick and mortar stores have shown extreme interest in our portfolio of music. This first purchase order is for a total of
We are working with Mass Merchandisers, Big Box Retail and Specialty Retail stores for what potentially could be a total of 550,000 Old is Gold Christmas Units sold at a wholesale price of
Closing the first purchase order is a watershed event for Global and its shareholders. It will be the first of several more to come this quarter.
By combining the strengths of two of our joint venture partners Maestro Entertainment and InvenTel, https://inventel.tv/ allowed us an extraordinary opportunity for 2022 and the ability to establish substantial footprint in the vinyl record industry going forward.
Maestro Entertainment has a catalog of 17,000 Master Recordings from hundreds of artists and currently streams its music on Sony's "The Orchard".
InvenTel the primary "As Seen on TV company has massive distribution with products in over 150,000 stores and a customer list of over 100,000,000 people.
Creating a marriage between the parties with Global in the middle of it all was essential. Our ability to distribute vinyl records into major retailers is a home run for us which will produce millions of dollars in sales in 2022 and beyond.
Global is becoming the innovator in the vinyl record business with this Christmas season release. We are a first and the first to embed a QR Code into the Vinyl album that allows the scanner to receive a free NFT. What it also does is allows us to collect valuable information such as name, telephone and email addresses to create a very large list of future buyers for our products
This is an exciting time for Global and its shareholders and we look forward to keeping you apprised of our progress in the coming weeks as we march towards becoming a force in the music business.
Safe Harbor Act
Forward-Looking Statements: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Global Fiber Technologies, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements including those relating to the Company's financing being adequate for the Company to place its products in retail stores, execute its acquisition strategy, and to launch its growth and expansion plans, among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Global Fiber Technologies, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. No information in this press release should be construed in any way whatsoever as an indication of Global Fiber Technologies Inc.'s future revenues, financial performance or stock price. More information about the potential factors that could affect the business and financial results is and will be included in Global Fiber Technologies, Inc., filings with the Securities and Exchange Commission at www.sec.gov.
Contact:
chrisg@ecotek360.com
(732) 695-4389
FAQ
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