GENTECH HOLDINGS INC - GTEH STOCK NEWS

GenTech Holdings (GTEH) is set to launch its brand Storm Lifestyles at the upcoming Olympia Fitness & Performance Weekend from October 7-10, 2021, in Orlando, Florida. The event is anticipated to attract 40,000 attendees with a social media reach of over 17 million. Storm will debut multiple products featuring sports nutrition and apparel and will implement an affiliate program for influencers. The brands SINFIT and American Metabolix will also gain visibility as sponsors. Additionally, GenTech has announced key promotions within its team.

GenTech Holdings, Inc. (GTEH) reported its Quarterly Report for Q2 2021, showcasing substantial growth metrics. Revenues exceeded $230k, representing a 400% increase year-over-year, with total revenues for 2021 surpassing $425k. The acquisitions of NXTBar, MBP Snacks, and Nature Soothie are expected to enhance future revenue streams significantly. The company also reported a 30% reduction in liabilities and a robust inventory valued at $1 million. CEO David Lovatt indicated expectations for $500,000 quarterly revenues going forward, while 2022 revenues from Fizzique are forecasted between $3-$5 million.

GenTech Holdings, Inc. (GTEH) has acquired American Metabolix, a fast-growing supplement company, enhancing its portfolio in the functional foods space. This acquisition adds to GenTech's existing brands, including Sinfit Nutrition and others, aiming to capture a share of the expanding $15 billion keto market. American Metabolix, recognized for its award-winning products, has shown robust sales, achieving approximately $400k since February and projected to surpass $1 million in 2021. Overall, GenTech anticipates an annualized revenue run rate exceeding $2.3 million.

GenTech Holdings, Inc. (GTEH) announces its partnership with Vista Brands to enhance distribution and sales of its newly acquired product lines, Fizzique and MPB Snacks. Vista, led by industry veteran Lisa Feddersen, aims to leverage her extensive retail relationships to expand market reach. Fizzique has a patented clear sparkling beverage and has received accolades in the functional drink category, while MPB has generated $2.7 million in sales over 42 months. This collaboration is expected to boost GenTech’s market presence in the competitive Functional Foods sector.

GenTech Holdings, Inc. (OTC Pink: GTEH) has announced the launch of its Nature Soothie® herbal supplement lollipops for children in select Whole Foods Market locations. The products, including Immune Soothie and Tummy Soothie, will initially be available in the Rocky Mountain and Southern Pacific regions, with potential expansion across North America. GenTech's management is preparing to place its largest ever product order, capitalizing on a growing trend in the children's supplement market, which is projected to grow at over 10% CAGR through 2024.

GenTech Holdings, Inc. (OTC Pink: GTEH) has finalized an agreement to acquire a 75% controlling stake in Nature Spoon LLC, known for its Nature Soothie® herbal supplement lollipops aimed at children. These products, which address various health needs, are made from 100% natural ingredients and contain no artificial additives. The acquisition is part of GenTech's strategy to expand its brand portfolio within the functional foods market, targeting a segment with limited current exposure. This move is anticipated to enhance GenTech's market presence and product offerings.

GenTech Holdings, Inc. (GTEH) announced a mid-year update for 2021, highlighting four completed acquisitions, including Fizzique and Nature Soothie. The company aims to close the Nature Soothie deal by July's end. GenTech has successfully reduced its outstanding liabilities by $2 million, or 62%, during the first half of the year. It reported significant revenue growth, achieving approximately $300k in the first half, with projections exceeding $650k when including acquisitions. CEO David Lovatt emphasized the importance of the Fizzique acquisition, predicting sales of $15-20 million in 2022.

GenTech Holdings, Inc. (GTEH) has signed a Letter of Intent to acquire a 75% stake in Nature Spoon LLC, the producer of Nature Soothie herbal supplement lollipops for children. This strategic acquisition aims to expand GenTech's reach in the children's health market, leveraging Nature Soothie's distribution channels, including partnerships with UNFI and retailers like Whole Foods. Nature Soothie's products are made with natural ingredients and cater to everyday health needs, aligning with GenTech's growth strategy. The acquisition is expected to enhance product offerings and market penetration.

GenTech Holdings, Inc. (OTC PINK:GTEH) has successfully completed the acquisition of Fizzique, LLC, known for its innovative sparkling protein drinks. This strategic move enhances GenTech's presence in the beverage sector, aligning with its Sinfit Nutrition roll-up strategy. Fizzique boasts a portfolio supported by seven US patents and multiple accolades, including the Best Functional Drink award. With a strong sales record on platforms like Amazon and Walmart, GenTech aims to scale Fizzique's distribution across major US retailers, anticipating significant market growth.