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Wheat Ridge, Colorado, June 14, 2021 (World NEWSWIRE) — GenTech Holdings, Inc. (OTC Pink: GTEH) (“GenTech” or the “Company”) (www.gentechholdings.com), an emerging leader in the high-end Premium Coffee (www.secretjavas.com) and Purposeful Foods (www.sinfitnutrition.com) marketplaces, is excited to announce the Company’s acquisition of NXTBAR, LLC (“NxtBar”) (nxtbar.com), a foremost normal foods enterprise with sturdy and rising profits and a mission to reinvent clean up, wholesome snacking by way of its common keto-pleasant products line. The Organization has signed an special letter of intent to receive NxtBar with an predicted closing date of June 25th.
As portion of the acquisition, the Enterprise will start the immediate implementation of quite a few operational synergies, which include a major growth of NxtBar’s sales footprint, such as progress into GNC, Walmart.com, Amazon.com, TruNorth (Canada), and the Company’s intensive community of much more than 2,000 other brick-and-mortar places across the United States.
“We continue on to execute on a effective, high-development roll-up strategy in our SINFIT branded segment,” commented Leonard Armenta, President of GenTech & CEO of SINFIT Nutrition. “The NxtBar acquisition follows our acquisition of Yourganics very last quarter, and we are functioning towards two further strategic moves that have powerful implications for our twin aims of accelerating SINFIT earnings progress and diversifying our merchandise choices in the sporting activities nourishment space.”
NxtBar has found excellent advancement and shown noteworthy resilience by means of the pandemic, creating 200%+ YoY income development and activating 2,000+ merchants since its inception. The Enterprise anticipates more expansion in advance as purchaser discretionary paying out gains from a strengthening economic context and a noteworthy trend toward healthful lifestyle products and solutions.
NxtBar items are small-sugar, minimal-carb, keto-welcoming, paleo-helpful, non-GMO, and gluten-free, that contains a lot less than 2g of sugar for every serving. The bars occur in 8 (8) delicious flavors, including Chocolate Peanut Butter, Chocolate Coconut, Cookie Dough, Lemon Pound Cake, Vanilla Almond Butter, Cookies and Product, Oatmeal Chocolate Chip, and Banana Nut Bread.
About GenTech Holdings, Inc. GenTech Holdings, Inc. is a publicly traded firm below the symbol GTEH. The Firm released a significant-conclude Espresso Membership service in early 2020 known as Solution Javas and has lately closed on its acquisition of Sinfit Diet, which delivers a vary of significant-finish Purposeful Food items.
Forward-On the lookout Statements This press release could comprise forward-hunting statements, which include information and facts about management’s perspective of GenTech, Inc.’s foreseeable future expectations, options and prospective clients. In specific, when made use of in the preceding discussion, the words “believes,” “expects,” “intends,” “options,” “anticipates,” or “could,” and comparable conditional expressions are intended to identify ahead-wanting statements. Any statements designed in this information launch other than those people of historical simple fact, about an action, occasion or advancement, are ahead-seeking statements. These statements contain known and mysterious threats, uncertainties and other components, which may well induce the benefits of GenTech, its subsidiaries and ideas to be materially diverse than those expressed or implied in this sort of statements. Unidentified or unpredictable variables also could have product adverse effects on GenTech’s future final results. The forward-hunting statements integrated in this press launch are produced only as of the date hereof. GenTech can not assure upcoming outcomes, degrees of action, functionality or achievements. Appropriately, you ought to not area undue reliance on these forward-hunting statements. Finally, GenTech undertakes no obligation to update these statements soon after the date of this launch, other than as essential by regulation, and also usually takes no obligation to update or correct facts well prepared by third functions that are not paid for by GenTech.
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