Next Distributors to Introduce Gelstat's Product Throughout Its Network of 30,000 C Stores in the United States
PALM CITY, FL -- (Marketwired) -- 09/29/14 -- GelStat Corporation (PINKSHEETS: GSAC), a company engaged in the research, development, marketing and branding of innovative Over-the-Counter (OTC) consumer healthcare products, is pleased to announce today that it has signed a distribution agreement with Next Distributors, LLC. Next Distributors serves over 30,000 independent Convenience "C" Stores throughout the United States.
Ken Tawfik, CEO at Next Distributors, said, "I believe that the combination of Next Distribution and Gelstat will work seamlessly to successfully penetrate the market with Gelstat's products. All of us at Next Distribution are very excited to move aggressively in getting Gelstat's products to market successfully."
Larry Gershman, GelStat's CEO, said, "I'm thrilled to be working with Next Distributors and its sales team to distribute GelStat's products into select C Stores. This distribution agreement opens up new markets for the Company. This is a perfect venue for All Natural Speed as market feedback suggestion an alternative to energy drinks are desired by consumers. Obviously with 5hr Energy selling an estimated 5 million units per day, this represents a significant opportunity."
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ABOUT NEXT DISTRIBUTORS, LLC. & KEN TAWFIK
Ken Tawfik has been in distribution direct-to-store since 1974. He has also founded and operated several distribution companies ranging from the distribution of newspapers to the distribution of video games, candy and soda machines direct to street.
He founded and operated STX Communications in 2002 and became a distributor of telecom and general merchandise in 2006. STX Communications was a nationwide distribution company for a telecom product which sold $15,000,000 per month at its high.
Next Distribution was founded in 2013 and will distribute product through its nationwide distribution with key distributors and direct to store relationships.
ABOUT GELSTAT CORPORATION
GelStat Corporation is a publicly-traded company trading under the symbol ("GSAC") that is engaged in research, development, marketing and branding of innovative over-the-counter (OTC) consumer healthcare products addressing very large markets. Through its recent acquisition of Mastix Medica (now a wholly owned subsidiary of GelStat), it is now a fully integrated healthcare products company with proprietary manufacturing capabilities. For more information, visit www.gelstat.com.
Mastix Medica develops and manufactures niche healthcare products in dosage forms like tableted chewing gum, chewable tablets and lozenges. Mastix Medica is one of very few companies in the world that has the ability to make tableted chewing gum products at room temperature versus the traditional boiling process which can degrade the active ingredients and reduce their efficacy. Most importantly, Mastix Medica has a patent pending process for incorporating hemp oil into chewing gum, lozenges and chewable tablets. For more information on Mastix Medica visit: http://mastixmedica.com
Safe Harbor Statement
This press release and the shareholder letter contains forward-looking statements including pursuing strategic relationships, building and leveraging a direct-to consumer platform to launch new products, acquiring or licensing the rights to products with proven science, growing organically and achieving each of the goals mentioned above. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods.
Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the failure of our products to be accepted, failure to obtain partners to market and distribute our products, unanticipated delays in launching website or failure of the website to generate revenues, our inability to find a target to acquire on mutually acceptable terms, and the inability to get our reports prepared and filed timely as a result of unforeseen audit issues.
Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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Source: GelStat Corporation