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Greene Concepts Answers Frequently Asked Shareholder Questions Following the Live Emerging Growth Conference From March 3, 2021 Part One

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Marion, North Carolina, March 5, 2021 – OTC PR WIRE – Greene Concepts Inc. (OTC Pink: INKW), America’s enhanced beverage company, is pleased to present key frequently asked questions (FAQ’s) from both the recent Emerging Growth Conference on March 3, 2021 and from general questions sent to our investor relations e-mail IR@greeneconcepts.com.  These investor questions will be covered in two different company press releases.

During the conference the company’s CEO, Lenny Greene, and the VP of Marketing and Regulatory, Amy McNally, discussed current company happenings at a live interactive online event for shareholders and the investment community in real time.

FAQ’s Part One:

Q: What is the latest status on uplisting to the OTCQB?  We have narrowed our auditing search down to a few auditing firms and interviewing them to determine which offer the best services for what we need at the best price.  Once we have completed the hiring, we will have our books audited and then will finalize the application to OTCQB.  Our plan is to complete this application, move from the Pink Sheets to OTCQB and then uplist to OTCQX with a final goal of reaching the NASDAQ.  We are taking this step-by-step.

Q: When would be a reasonable timeframe to expect easy access to buying “BE WATER” online?  As we seek to make our water available through the Water Club, we must be aware that because a case of water weighs 29 pounds the shipping costs are exorbitant.  To send the water via UPS or FedEx could cost $70 to ship the case, almost double the price of the BE WATER itself resulting in an extra high cost for the consumer which we do not want to see and consumers would not want to pay.  We have been searching to find an economical route to employ shipping. Choices on the table include having Amazon do all our shipping or perhaps utilize a local Veteran distributor.   This is all being created currently since the design phase occurred during the start of the pandemic.  Once we work this out, BE WATER will be available to everyone.  We are also at the mercy of Amazon’s algorithm which decides how much inventory we can send to the fulfillment centers and the number of fulfillment centers we can service.  As shipments occur through Amazon, Amazon maintains the customer records.  Through the Water Club, we will maintain those customer listings ourselves to sell them the multiple products we have going-forward as well.  This is a top goal of ours.

Q: Do you have an update on Amazon and when BE WATER will be fully available for purchase there?  After going live on Amazon in late-January and selling out twice since then (including within two hours on the first day of posting), we are awaiting further throughput allowance by Amazon and we will soon achieve that as our sales continue to increase.  Currently Amazon is allowing us to send product to six distribution centers and expect that to increase exponentially as our product continues to sell out.  Our goal is to have BE WATER in all 110 active Amazon fulfillment centers in the U.S. (See: FBA Locations) and to keep replenishing them as it continues to sell out.  This will be followed by placing our Happy Mellow brand in Amazon followed by segments from our 24 X 7 line.  As noted in our February 22, 2021 press release, Amazon limits inventories on new products that do not have at least three months of history and also imposes limits on items that are heavy and take up warehouse shelf space.  On our Amazon BE WATER product page, at this time we have almost 50 verified customer reviews with a 4.9/5 rating.  We are continuing negotiations to get in larger grocery and retail stores.

Q:  What are the company’s insider holdings, tradeable shares and the float?  This information is captured publicly on the INKW OTC Page’s ‘Security Details’ section and also linked from our company’s webpage at: https://greeneconcepts.com/investor-relations/.  The SEC attorney also maintains this information and can share this data.  Additionally, our Investor Relations e-mail is IR@greeneconcepts.com.

Q: What are your goals for future international sales and business and how long might it take for these goals to be achieved?  We have plans to extend sales into China, India and Mexico.  We are working with some wonderful contractors internationally to set the stage for market penetration while helping us to navigate the local regulatory aspects to ensure legal, fair and effective business practices in those countries.  More on those later as more developments occur.

Q:  We have noticed an increase in outstanding shares throughout the past month even with the 2.875 million in funding to expand the company. What was the reasoning for this and should we brace for more dilution in the upcoming future? Along with this are there any plans for a buyback of shares and if so, can a timeframe be given for that?  A little over a year ago we issued a Reg A to offer up to 3 billion shares at .0015 in exchange for shares to help raise funding for Greene Concepts.  Since that time, we have been blessed with numerous responses along with additional investment funding as well.  We used the funds to upgrade and increase our operation capabilities and securing our bottling supplies in preparation for larger scale orders such as Amazon and additional partnerships we plan to announce soon.  We also used a portion of our inventory to donate water bottles to families in Texas affected by the winter weather impact.

Q: What Corporate Social Responsibility (CSR) efforts have you undertaken recently as a company?  We want to always show and be known as a company that helps others in need.  We have delivered three full truckloads of BE WATER to Texas (1,540 cases of water in each truck), two of which went to Mattress Mack’s Gallery Furniture in Houston to help local residents taking shelter in his furniture stores as noted in our February 22, 2021 press release to assist those impacted the recent winter storm there.  We are looking to support and encourage others to partner with us in supporting Texas and other areas hit by crises.  We are also aware of water scarcity within the U.S. and abroad and is a large reason why we are looking to help deliver our water to these areas.

Q: What is the Water Club?  The Water Club is a new subsidiary under Greene Concepts, Inc. that operates as a Subscribe and Save service that allows customers to subscribe to purchasing our water on a regular basis which is then delivered to their home or office location.  As of now there are 25 different products that will be included in the Water Club for purchase to include the BE WATER itself.

Mr. Greene states, “Our goal is to be ultra-transparent in all that we do and hopefully the answers to the above questions provide this transparency.  As we grow, we want to always do the little things well and to our shareholders, know that I hear and value you.  We desire to maintain trust from our shareholders and answering the above questions is the perfect way to do that.  Please state tuned for part two of our FAQs.”

About the Emerging Growth Conference 

Through its evolutionEmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets. The Emerging Growth Conference was launched to showcase niche companies in specific sectors.   It identifies companies with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.

The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.  The audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.

All sessions will be conducted through video webcasts and will take place in the Eastern time zone.  Provided above is the current Emerging Growth Conference schedule for featured presentations. Each company’s presentations will be delivered by their executive management team.  The Emerging Growth Conference focus and coverage includes a wide range of growth sectors and timely market themes, including, augmented reality, artificial intelligence, scientific, medical instruments and therapeutics, biotechnologies, cannabis, food & beverage, energy and more.  See previous Emerging Growth presentations here.

About Greene Concepts, Inc., Mammoth Ventures, Inc. and Water Club, Inc.

Greene Concepts, Inc. (http://www.greeneconcepts.com) is a publicly traded company. Through its recently acquired wholly owned subsidiary, Mammoth Ventures Inc., the Company has entered the specialty beverage and bottling business and is an emerging leader in the global scientifically formulated beverage industry. Through its subsidiary Water Club, Inc. we intend to pursue subscription-based delivery of water and scientifically formulated beverages directly to the consumers home and market the convenience of this service thru social media affiliate marketing partners.

Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company’s current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company’s business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

Greene Concepts, Inc.

Investor Relations

IR@greeneconcepts.com

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Source: https://otcprwire.com/greene-concepts-answers-frequently-asked-shareholder-questions-following-the-live-emerging-growth-conference-from-march-3-2021-part-one/

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Eunimart raises $700K funding from LetsVenture, 9Unicorns, others

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  • The startup will utilize the funding to increase its sales, partnership, scaling, and expanding marketing teams to meet the growing demand.
  • To date, Eunimart has raised over $2.2 million in its funding rounds.
  • It had previously raised an undisclosed amount in seed funding in 2020 from TMT Connekt, Loyal VC, Angelbay, SucSEED Ventures.

Singapore and Hyderabad-based Eunimart, which helps SMEs to expand their operations through cross-border ecommerce, has raised $700,000 (about Rs 5.1 crore) in a pre-Series A funding round led by LetsVenture, 9Unicorns, Loyal VC, and Supply Chain Labs.

Eunimart will use the funding to increase its sales, partnerships, strengthening marketing teams, and scaling the product rapidly to meet the growing demand, the statement said. Prior to this, Eunimart had raised an undisclosed amount in seed funding in 2020, co-led by TMT Connekt, Loyal VC, Angelbay, SucSEED Ventures. Following the current funding round, the startup total funding amount stood at $2.2 million. Singapore-based Agility Venture has also invested in the startup.

Founded in 2017 by Shayak Mazumder and Archana Shah, Eunimart leverages artificial intelligence to help small and medium-sized enterprises (SMEs) expand their business operations through its cross-border ecommerce platform. The platform claims to have 5000+ sellers using its platform, processing over 50,000+ orders per month. It aims to add more sellers in the near future. Currently, most of its clients are based in India and the United Arab Emirates.

Commenting on the development, Shayak Mazumder, CEO of Eunimart, Said, “We are creating one of the world’s most advanced platforms for merchants to sell anywhere, on any channel of sales, supported by Artificial Intelligence for decision making, robust supply chain management system and omnichannel suite of solutions.”

He further said, “We are grateful to have LetsVenture, Loyal VC, 9 Unicorns and Supply Chain Labs as our investors in this round. We are looking forward to using the funds raised to support more SMEs in their journey.”

Also Read: B2B Startup GlobalFair Raises Seed Funding To Expand Network Across India And Vietnam

Sunitha Ramaswamy from LetsVenture, said, “We are glad to have Eunimart on board who is working towards providing end-to-end solutions for the business sector to ensure the process of the supply chain is maintained without any breaks with the help of advanced technology.”

Follow IndianStartupNews on FacebookInstagramTwitter for the latest updates from the startup ecosystem.

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Source: https://indianstartupnews.com/news/eunimart-raises-700k-funding-from-letsventure-9unicorns-others/

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RIGHT ON BRANDS PAYS OFF CONVERTIBLE DEBT HOLDERS FILES 10 K

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Dallas, Texas, April 1, 2021 – OTC PR WIRE – Right on Brands, Inc.™ (OTC Pink: RTON), a developer of a broad line of hemp-based foods, beverages, tinctures, and topical products including the exciting new 100% federally legal Delta-8 product line.

Right On brands is proud to announce that the company has paid off the three convertible debt holders.

Jerry Grisaffi, CEO of Right on Brands noted, “Like most small companies, there is a need for capital and the big lenders shy away from small companies such as ours. We now believe that by paying off these lenders the company is on a better track. We took on one new note from a more friendly lender, the note is for $140,000 and has a fixed conversion of .015 cents. In 6 months if we so chose, we could pay the note off with no penalty. This note was used to pay off two convertible lenders. In addition, a third lender chose to convert its note to stock so now we have no upcoming conversions.”

Grisaffi also noted, “We have filed our 10k today on our quest to becoming fully reporting company again with the SEC. This was a long and costly process and time consuming. Now our accountants and auditors will be completing the quarterlies and we believe that this process will be completed by the end of April or sooner.  Now that Texas is open from Covid our sales are coming alive as our product are becoming a choice product in the marketplace.  We believe the retail store will help our bottom line. We will always be transparent with our shareholders and will always answer questions that are in the public domain. We also love to answer questions concerning our products”.

Corporate Website: https://endobrands.com/

Wholesale Website Update:

To streamline ordering for our growing list of Wholesale customers ENDO Brands has now developed an easy ordering Wholesale section for commercial accounts. The new Wholesale section has had several important modifications making it easier to order. ENDO Brands receives new dealer applications thru the portal and processes purchase orders. For most wholesale orders placed prior to 10 am central time those orders are shipped same day.

Right on Brands has a premium location that features our products in a demographically robust community. Wholesale clients gives retail and wholesale clients a great example of the ENDO Brands product line. With a retail showroom, clients will now be able look, touch and embrace the entire product line of ENDO Brands.” says Michael Brown Vice President of National Sales. “The state of Texas is now open for business as per Governor Greg Abbott and retail customers can now transition back to normalcy.  We expect retail sales to be brisk in the spring at the new ENDO Brands location.”

About Right on Brands, Inc.: 

Right On Brands, Inc., (OTC Pink: RTON) is a Dallas based, consumer goods company specializing in the brand development and distribution of Hemp based foods, beverages, smokables, oils, topicals including both CBD and Delta-8 products for health-conscious individuals.

Become an ENDO Brands™ retailer:

If you are a food and beverage or consumer products distributor seeking to sell our high margin product lines of CDB-infused beverages, smokables, or our CBD and Delta-8 edibles, oils and topicals and vapes please contact our sales department.

Email: info@endobrands.com

Corporate Sales: Mike Brown OR Jerry Grisaffi (214) 736-7252 ex 302

For more information please visit: https://endobrands.com/

Try our products today! 25% off of your entire purchase use the discount code “SPRING25

Forward Looking Statements:

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of All such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the SEC. The forward-looking information provided herein represents the Company’s estimates as of the date of this press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.

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Source: https://otcprwire.com/right-on-brands-pays-off-convertible-debt-holders-files-10-k/

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The Ultimate Guide to Social Media for E-Commerce

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The Ultimate Guide to Social Media for E-Commerce

Social media for e-commerce has become a critical element in sales growth for many businesses. Using social media to boost your marketing offers many benefits to help build your business, so don’t wait to explore these valuable channels.

Sprout Social reports that after following a brand on social media, consumers continue to engage in other ways. Ninety-one percent check out the brand’s website or app, 89 percent make a purchase, and 85 percent recommend the brand to someone they know.

Let’s look at what you can do to promote your e-commerce business with social media and which tools and best practices you should use.

14 Steps for E-Commerce Companies to Find Success Using Social Media

The more people integrate social media platforms into their daily routines, the more it makes sense to market to them here. Consumers spend almost two and a half hours per day on social media channels.

Why not reach them with social posts where you know they spend a significant amount of time? For example, eye-catching posts with appealing visuals like these posts from Sephora are a great way to market products on Instagram.

Social Media for E-Commerce - Sephora on Instagram

How can you stay on top of new developments and know what you should be doing to serve your customers best? Follow industry leaders in your feeds and keep tabs on trending topics in your industry. You can also discreetly watch what other companies are doing that seems to gain traction.

While social commerce is still relatively new, it’s making a significant impact on e-commerce businesses and how they market to customers. As each platform improves its features to help users sell, opportunities grow for businesses to tap into these audiences to boost their marketing.

The steps below can help you develop best practices in your business to optimize your social media for e-commerce.

1. Define Your E-Commerce Company’s Social Media Goals

There are two main ways to use social media for e-commerce: to drive traffic to your company website or drive sales. While each can be important in its way, it’s essential to identify which you value most so you can effectively plan how to use your resources.

It’s essential to establish your goals before investing time into strategy and implementation to ensure you’re taking action to move you closer to your goals.

If you don’t set goals, you can’t measure your success or repeat what works.

2. Decide If You Want to Become a Social Commerce Company

Social commerce is selling directly to your customers on social media platforms. Everything from discovering your product or service, to a buying decision, to the checkout process happens in the app or platform they are already using.

Target’s Facebook page, for example, has a shop built right into it where customers can browse and purchase products.

Social Media for E-Commerce - Target on Facebook

You might find success with social commerce if you sell products that a potential customer can quickly evaluate online from a photo and might buy on impulse. Think lower price points and items that aren’t likely to need returning.

An apparel company might successfully sell their clothing and accessories on social media as the process suits how people tend to buy these products.

When is social commerce perhaps not a great fit? If your products or services are higher ticket items where customers want to discern quality in-person. A customer buying an engagement ring will want to spend more time evaluating options and vetting sellers than social commerce might allow.

Start by focusing on the networks your ideal customer and target audience uses the most. Take time to engage your audiences and respond to their comments and questions.

Whether or not you want to pursue social commerce for your business, you should still be investing in social media marketing. Social channels can help boost your visibility, increase website traffic, generate leads, and help you engage with your customers.

3. Create a Social Media Strategy for Your E-Commerce Company

You’ll need a social media strategy for your e-commerce company that considers your goals, your resources, and the best platforms that will help you reach your customers. Once you clarify these parts of your strategy, you can expand on each element to create effective campaigns that fit your goals.

When you work from a social media strategy, you’re also more likely to use best practices to help you be more effective overall. Get a clear idea of your target audience, where they spend time, and their worries. From here, do some research to check which platforms are most popular with your target demographic.

With this information, you’ll be better able to plan where your time and effort will pay off.

4. Determine Which Social Media Channels Your E-Commerce Company Should Target

First, look for established platforms that offer a range of features, different ways to advertise and sell products, and focused targeting. Some may appeal to you because they are an excellent fit for your products.

The apparel brand we mentioned earlier would likely want to use Instagram because it is image-focused, and consumers are already used to discovering and purchasing apparel on the app.

Next, consider which platforms attract your target demographic. You’ll want to go where your ideal customers spend time.

What kind of data might inform your decision? With some research, you might discover 60 percent of Pinterest users are women, and 98 percent of Facebook users access the site via mobile devices. From these and other data points, you’ll be able to pinpoint which platforms might be best for your business.

5. Optimize Your Social Media Accounts for E-Commerce

One of the first steps you’ll need to take is to optimize your social media accounts. Fill out your profiles completely, adding helpful information wherever you can.

Make it easy for people to find the information they need at a glance to understand your business and buy from you. Perform research to identify relevant keywords and hashtags to use so you show up in search results. Make your location obvious.

Be sure to link to pages where customers can find the products they clicked through to see. Use clear CTAs so people know what to do to buy from you.

6. Run Social Media Paid Campaigns Optimized for E-Commerce Companies

Nearly every social platform has a version of paid advertising that can allow you to raise visibility even as organic reach becomes more challenging to achieve.

There are also different ad types on each, so it can be valuable to explore the various options. You may try different types of ads on each platform. You might try retargeting ads on Facebook, but use Shoppable posts on Instagram. Take advantage of audience targeting capabilities on each.

7. Use Automation Tools

If social media is a part of your sales strategy, you’ll need to explore automation tools and use what you can. Why is automation so key to social selling? People expect timely and personal interaction on social media networks. To meet their expectations, you’re going to need help.

It’s simply not possible to run a successful business and spend every waking moment online replying to comments and answering questions. Social media is like a storefront that is open 24 hours a day, seven days a week (plus holidays!), so don’t take the chance of turning people away or missing crucial requests or concerns.

8. Consider the Mobile Experience

More people are accessing social media networks and websites via their phones than ever before. When it comes to social media for e-commerce, however, mobile design is just the first step. The whole purchase journey needs to be seamless.

Payment options should be mobile-friendly. Apple Pay, for example, allows you to let users make purchases from their phones. We’ll look at more payment options further down the page.

Consider content formats as well. With more than 100 million hours of video consumed on Facebook every day, you’ll want to offer videos in vertical format for mobile users. People like convenience, a personalized experience, and to feel like they can easily navigate and engage with your site.

9. Optimize Landing Pages for E-Commerce

Optimizing your landing pages for e-commerce helps create a better user experience by providing people with all the information they need to make a buying decision.

If they click through to your site, you want them to understand quickly they’re in the right place. They should be able to move seamlessly to purchasing the item they wanted.

Ensure you have high-quality product images and videos, if appropriate, with well-written product copy outlining features and benefits. Include sizing or specifications on the product page and clear calls to action (CTAs) to help them convert.

10. Create Clear CTAs on Social Media Optimized for E-Commerce

CTAs are what motivate your user to convert to a customer. Take the time to craft these carefully and include them in each interaction you have with potential customers.

You can use different CTAs, like asking questions, including hyperlinks, or simply adding clickable buttons. Your page design might include banners with clear offers, sidebar clickable buttons, or pop-up ads to help customers convert.

11. Ensure Easy Website Navigation

User experience (UX) should be your priority when you launch your e-commerce site. You want shoppers to find products quickly and understand how to move from browsing to purchasing without confusion.

The easier you make it for people to buy from you, the better the chance they’ll convert from visitor to customer. Keep your navigation simple to understand and avoid design elements that are too unusual for people to use easily.

Organize your site information with clear labels for product categories and avoid tricky navigation styles that could create confusion.

Social Media for E-Commerce - H&M site navigation

12. Offer Easy Payment Options for Customers

If you’re going to run a successful e-commerce site, you need to offer reliable and trustworthy ways for people to pay for your products and services.

You can explore a wide range of payment options for your e-commerce business, each with its features and policies. Options include Square, PayPal, Stripe, Apple Pay, Google Pay, and many others.

Some social media platforms allow customers to purchase directly from the app, depending on what features you choose to use. A few of these options include Facebook (with Facebook stores, Messenger Chatbots, and Ads), Instagram (with Stories, Shopping, Live, IGTV, and Ads), and Pinterest (with Promoted Pins, Rich Pins, and Shop the Look Pins.)

You also can investigate third-party websites as a way to advertise and sell your products. Keep reading to learn more about a few of these that may support your e-commerce business.

13. Advertise and Sell on Third-Party Websites

There are other options for boosting your sales beyond your website. Third-party websites allow you to benefit from established functionality and huge audiences while building your legitimacy and website traffic.

One example of third-party website selling is Amazon. While shoppers on Amazon may realize they’re buying from you instead of directly from the retail giant itself, you still benefit from the credibility of their brand and purchasing capabilities. You also get to tap into their vast audience of visitors with a solid intent to buy.

Another option is using sites like Like to Know It, which allows readers to purchase an item or items from an Instagram post by linking the product emailed to them.

RewardStyle is an invitation-only affiliate network focusing on lifestyle, fashion, and beauty products, allowing sellers to earn money through content creation featuring certain products.

14. Track the Success of Your E-Commerce Company’s Social Media Strategy

It’s essential to track your strategy’s results as you implement your ideas, so you can accurately analyze your successes and where you need to improve.

Choose quantifiable metrics representing engagement (such as likes, shares, comments, or retweets). Track your website traffic and how much traffic you are getting from your social media channels. Keep track of sales generated by social media marketing and sales completed online or through your campaigns.

It’s not always easy to tie your efforts to your results, but you can try. With specific metrics, you’ll be better able to repeat the working tactics and revisit the areas that don’t seem to be offering you the same return on investment.

Conclusion

Social media is a big part of everyday life for many people and offers an excellent opportunity to get in front of potential customers and sell your products and services. You can use various platforms to strengthen your brand, increase sales, and develop loyal fans.

If you also sell online, using social media for e-commerce is a natural step for your business as you plan future growth. If you haven’t tapped into the benefits of social media marketing yet, start now, so you don’t miss out on the opportunity it represents.

With the steps outlined above, you’ll be ready to reap the benefits of social media for your e-commerce business. If you haven’t explored these options or want some help to make them work for you, reach out for digital marketing support.

Have you invested in social media for e-commerce in your business? Which of the above tips will you try next?

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Source: https://neilpatel.com/blog/social-media-ecommerce/

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GenTech Provides Mid-Quarter Performance Update Highlighting Breakout Topline Growth in Company’s Fiscal Q2 Metrics

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Wheat Ridge, Colorado, April 1, 2021 – OTC PR WIRE — 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 Functional Foods (www.sinfitnutrition.com) marketplaces, is pleased to provide current and prospective shareholders with a mid-quarter performance update as the Company moves toward the final month of its fiscal quarter ending April 30, 2021 (Fiscal Q2 2021).

David Lovatt, CEO of GenTech Holdings commented that “We are now seeing the hockey-stick curve we have been talking about month in month out. In this quarter, we have long surpassed last quarter’s top line number with one of the best months in the year for Functional Food sales still ahead of us. More importantly, with a war chest of cash on hand, our acquisition strategy can now start to execute effectively. We have Yourganics and I anticipate more significant roll-ups in the coming weeks and months.”

Note: Data presented below is unofficial and provisional and may be adjusted in future official financial reporting.

Provisional Financial Highlights for Fiscal Q2, 2021 (with one full month remaining in the quarter):

  • Gross consolidated revenues currently at $110,628 after Feb and Mar monthly operations, which represents a monthly revenue run rate on pace to produce 89% sequential quarterly topline growth
  • Present Accounts Receivable for SINFIT at $82,338 after Feb and Mar monthly operations, which approximately matches total from previous quarter
  • SINFIT’s cash-on-hand currently at $860,000 after Feb and Mar monthly operations, which represents growth of 293% on a sequential quarterly basis

Management believes SINFIT performance is poised for continued growth as tailwinds from increased marketing spend and improved operating conditions become active factors in defining the Company’s operational landscape. This includes the impact of wide Covid-19 vaccinations and reduced pandemic impact in the operation of fitness facilities, which is believed to indirectly impact demand for SINFIT products.

Performance is also benefitting from successful event sponsorships and wider use of social media influencer-based marketing, and the resulting growth in brand visibility.

Lovatt Continued “We are beginning to see clear evidence surfacing in performance data to back up our sense of positive trends in our SINFIT operations from our boots-on-the-ground perspective. Our Q2 data is well on its way to casting a big shadow over our Q1 performance despite the fact that Q1 seemed like a breakout quarter in and of itself. Momentum is beginning to gain traction. On a year-over-year basis, we are already showing growth of more than 600% on the topline and we still have another month to go in the quarter.”

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.

Forward-Looking Statements
This press release may contain forward-looking statements, including information about management’s view of GenTech, Inc.’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of GenTech, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on GenTech’s future results. The forward-looking statements included in this press release are made only as of the date hereof. GenTech cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, GenTech undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by GenTech.

Corporate Contact:
invest@gentech.group

www.gentechholdings.com

Public Relations:
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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://otcprwire.com/gentech-provides-mid-quarter-performance-update-highlighting-breakout-topline-growth-in-companys-fiscal-q2-metrics/

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