Excellent development...
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Key Highlights:
- TUT Fitness Group signs global partnership agreement with CENTRED wellness community
- The agreement will promote TUT Fitness Group as a featured fitness brand to a private marketplace of 57 million affluent consumers of health & wellness products
- Purchasers of TUT exercise equipment will also receive a free, lifetime membership to CENTRED community and concierge services
VANCOUVER, BC, Oct. 13, 2021 /PRNewswire/ - TUT Fitness Group Inc. (TSXV: GYM) ("TUT") announces that it signed a global partnership agreement with CENTRED to promote the TUT Trainer™ and TUT Rower™ exercise equipment to CENTRED's app-based community of 57 million consumers of wellness products and services.
Per the terms of the agreement, CENTRED will promote TUT Fitness Group as a featured fitness brand, and earn affiliate commissions for each sale of TUT Trainer™ and TUT Rower™ exercise equipment. Consumer purchasers of TUT products will also receive a free, lifetime membership to CENTRED's private marketplace (valued at $1,500/year). Through this strategic partnership, TUT is able to capitalize on CENTRED's 57 million affluent members around the world.
CENTRED serves as a private, one-stop digital concierge where members can access personalized recommendations for fitness studios & products, spas, telemedicine, restaurants, excursions, retailers, and lounges in more than 200 cities worldwide. The app-based marketplace connects CENTRED's members with premiere and emerging brands and experiences, and provides tailored recommendations that prioritize its members' health and wellness during and after their journeys.
"We are excited about this partnership agreement because of the revenue potential it offers by exposing TUT products to a massive audience of affluent consumers, and also because we are able to give our new customers the gift of wellness with a free lifetime membership to CENTRED," said Rob Smith, Chief Executive Officer of TUT Fitness Group.
LICENSING, SALES & DISTRIBUTION:
TUT Fitness Group wants to revolutionize the home gym market by licensing its stackable resistance band technology to other equipment manufacturers. TUT Fitness products feature internationally patented TUT Plates™ resistance bands as the core element in both its TUT Trainer™ Tower and TUT Rower™, which are being marketed and sold into the $9.5 billion market for home gym equipment.
Parties interested in resale, wholesale, regional and international distribution and licensing should contact Mark Addison, Director of Strategic Sales & Partnerships, at: m.addison@tutfitnessgroup.com.
Please see our Corporate Video or our social channels: Instagram, Facebook, Twitter, LinkedIn, TUT Highlights (YouTube).
ABOUT TUT FITNESS GROUP:
TUT is a Vancouver-based Canadian manufacturer of high-performance fitness products. The company has designed, patented, and manufactured one of the world's smallest (11.6 lbs), and most affordable high-performance home gyms. Incorporated in 2018, TUT is an emerging player in the connected Home Gym and Fit Tech hardware space, targeting the US$9.5B Global Home Exercise Equipment Market1 and Online Fitness Market, expected to be US$30B by 20262 .
TUT's patented stackable resistance bands (TUT Plates™) allow the user to increase or decrease resistance loads with up to 200 lbs of resistance. Utilized in both the TUT Trainer™ Tower and TUT Rower™ this new breakthrough in functional strength and cardio training incorporates Time Under Tension to target every muscle group without the added pressure to joints or tendons, optimizing workouts, and raising the bar for personal home gyms.
For further information please contact:
robs@tutfitnessgroup.com
Rob Smith
CEO, TUT Fitness Group