After the constant plunge in the crypto and DeFi space, the past couple of hours viewed a sigh of relief within the crypto space. Among the top gainers, the most popular once are Chainlink and Uniswap tokens. UNI token which had led the crypto space with Strom had plunged drastically from nearly $9 to less than $3.
Chainlink also had dipped below $10 after attaining the ATH surrounding $19. Also, it slid down from 5th position to 8th position and also could have been departed from the top 10 rankings. However, the tokens exhibited a sign of a correction.
Currently, Chainlink is priced at $9.86 with a gain of 17.84 percent and Uniswap token is priced at $5.35 with a gain of 11.16 percent. The other tokens which jumped massively are SNX, YAM v1, BAND, and many more
Layer two Scaling on the cards for SNX, UNI and LINK Token
With the immense swelling DeFi space, one of the major issues is the high gas fees. However, Ethereum is working to roll out ETH 2.0 but the launch date is still hidden behind the clouds. Therefore the DeFi projects rush towards Layer 2 solutions amid ETH choke.
Lark Davis, a Bitcoin analyst said that in coming days, SNX and UNI would implement layer two scaling solutions. This would push the DeFi market at the greater highs with the reduced gas fee which is the need of the hour.
Therefore, a massive uptrend is looked upon in the DeFi space as the reduced fees would attract mass adoption. And with the mass adoption, the DeFi space could possibly surge to the moon.
Denver, CO, October 21, 2020 – OTC PR WIRE – GenTech Holdings, Inc. (OTC PINK: GTEH) (“GenTech” or the “Company”), an emerging leader in the high-end Premium Coffee (www.secretjavas.com), Hemp Wellness (www.hakunasupply.com) and Functional Foods (www.SINFITnutrition.com) marketplaces, along with its SINFIT Nutrition brand (“SINFIT”), is excited to announce that the Company has signed a new marketing, sales, and distribution agreement (the “Agreement”) with TruLife Distribution (“TruLife”) (TruLifeDist.com), a leader in marketing, distribution, compliance, e-commerce, and advisory services in the Functional Foods marketplace. The main focus of the new Agreement will be to accelerate the growth of e-commerce sales of SINFIT products, particularly over the Amazon.com platform.
TruLife provides direct access to sales on Amazon, Walmart, Rakuten, Wish, TopHatter, and other top e-commerce platforms, allowing clients to instantly list, ship, and sell products through any major platform, with an experienced team of experts and a proven track record of success in brand placement and digital sales strategies.
“We have already demonstrated a significant & expansive growth curve since taking control of the SINFIT brand in June,” commented Harold Vaca, VP Domestic Sales of SINFIT. “But the vast majority of that growth has been driven by large purchase orders from major distribution partners, both domestic and international. We are also committed to aggressively pursuing end-market consumer direct purchases through our e-commerce footprint, which will provide additional growth and diversify our cash flow ecosystem, making our overall strategy less dependent upon any one source of demand, while driving further growth in total sales.”
Management notes that e-commerce sales represent a sizeable portion of overall retail sales growth worldwide, with more than $3.5 trillion in online sales accounting for over 14% of total pre-pandemic global retail sales. Since the onset of the global health crisis, that ratio has shifted decisively further in favor of e-commerce sales, which is not likely to entirely revert back upon the advent of a viable and widely accessible vaccine.
Vaca added, “We have seen an epic process of market penetration for e-commerce platforms this year as major online retailers have begun to reach a much wider base of consumers – people who haven’t ever shopped much online, but have been forced to during recent months out of personal health concerns. Many of them will almost certainly continue to make use of e-commerce now that they have tried it out, at least to some extent, making e-commerce an essential sales channel for SINFIT products. TruLife has the network, team, experience, and resources to dramatically augment our e-commerce performance.”
SINFIT branded products registered over $2.2 million in global sales in 2019, and are now approved for sale and available for purchase on the Walmart.com and Amazon.com e-commerce platforms as well as in over 2,500 GNC locations in North America and over 10,000 global physical and e-commerce stores across more than 10 countries around the world.
SINFIT products as well-positioned relative to peers and to the long-term macro tailwind defining the functional foods market, which saw sales top $267 billion in February of this year on a global basis, with sales in the US reaching $63 billion, according to Euromonitor 2020. This trend is part of a larger supportive momentum in the general category, with global sales of organic food and drink topping $105 billion in 2018 (Ecovia 2019). U.S. organic food sales also reached $47.9 billion, up 5.9% in 2018 (OTA 2019). In 2019, 77% of U.S. adults used dietary supplements, an all-time high (CRN 2019). U.S. supplement sales are estimated to have reached $49.3 billion in 2019, up 6.2% (NBJ 2019).
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, owns a Functional Food company, SINFIT Nutrition and recently closed its acquisition on Products-Groups’ “Hakuna Supply”.
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.
Naples, FL, October 21, 2020 – OTC PR WIRE – Bell Buckle Holdings, Inc. (OTC PINK: BLLB) Updates Shareholders and Potential Investors of Management’s Intent to file with OTC Markets all required and fillings to achieve Pink Current Status and Removal of the Caveat Emptor.
The Company will adhere to OTC Markets and SEC guidelines for “Best Practices for Disclosure and Transparency,” stated Kim Halvorson, Bell Buckle Holdings, Inc. CEO.
In adhering to these guidelines, the Company is in good standing with the state, and federal taxation departments. The Company is in good standing with the Transfer Agent. All Share information will be automatically updated on the OTC Markets. As of yesterday, OTC Markets has approved BLLB to access and update the profile. As of today, OTC Markets has approved BLLB to upload financials. Today, The Company is uploading previous two calendar years 2018 and 2019 with the OTC Markets Annual Disclosure Statements for the respective Audited Financial Periods. The Company will over time, upload old missing financials that allow us to upload to our current financials.
The Company will upload as many financials as it will take for the Company to apply with the OTCIQ for upgrading the symbol in addition to the removal of the Caveat Emptor (Skull and Cross Bones). The Company is also notifying our shareholders today, we will be uploading as many financials and disclosure to upgrade the status. The Company understands that the transition is Skull and Cross Bones, to Stop Sign, from Stop Sign to Yield and from Yield to Current. The Company needs to be reviewed by Compliance at OTC Markets to be permitted to have Pink Current.
The Company believes that it needs to be in good standing for it to provide shareholder value. The more transparent that it is with financials and its business plan, the better confidence it brings for the investors. It aims to have long term investors. The business plan permits growth in shareholder value, and the Company is not stopping at Pink Current. “We are very excited about getting OTCIQ access. The Company has not had this in many years, It has been a “skull and cross bones” on OTC Market for a long time, we are emancipating from this status so that we can provide new vigor to the Company” commented Kim Halvorson, CEO.
Again, we are very focused on full disclosure as per the OTCIQ guidelines, and we are proud to provide AUDITED financials. Audited financials are a required if our goal is to uplist from Pinks.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Dallas, TX – October 20, 2020 – OTC PR WIRE – Alternet Systems, Inc. (OTC PINK: ALYI) today announced plans to publish a comprehensive progress update next week targeting a Wednesday, October 28th release date.
Management indicates a number of major endeavors underway in important stages of development to include RevoltTOKEN financing partner’s efforts to finalize ICO details, next steps after finalizing the multiparty milestone agreement announced last week, and a new design path development for the company’s long-term plans for future electric vehicles in Africa.
Management anticipates wrapping up details on the above-mentioned endeavors by next Wednesday and being ready to release a comprehensive update.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.