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TUT Fitness Group Signs International Distribution Agreement with Eco Lifestyle Fitness Pte Ltd to Expand Sales To Asian Countries
Receives Initial Orders for Hong Kong and SIngapore Markets;
Grants Exclusive Distribution Rights for Hong Kong and Singapore
Key Highlights:
- TUT Fitness Group signs a 3-year distribution agreement with Eco Lifestyle Fitness Pte Ltd., based in Singapore
- Eco Lifestyle Fitness must meet minimum guaranteed order volumes every year for three years; is granted exclusive sales territories in Hong Kong and Singapore
- TUT Fitness retains all intellectual property rights
VANCOUVER, BC, March 24, 2022 /PRNewswire/ - TUT Fitness Group Inc. (TSXV: GYM) (Frankfurt: 7PG) ("TUT" or "The Company"), the leader in affordable, high-performance gym equipment built around time-under-tension resistance bands, has signed an exclusive distribution agreement with Eco Lifestyle Fitness Pte Ltd (ELF), a leading Asian Fitness Equipment distributor, for the Hong Kong and Singapore markets.
Per terms of the agreement, Eco Lifestyle Fitness (ELF) will promote TUT Fitness products to its channel of customers that includes fitness centers, spas, hotels, athletic sports trainers, physiotherapists and uniform group buyers. TUT Fitness has granted ELF exclusive territories in Hong Kong and Singapore, provided that ELF meets guaranteed minimum order volumes for each year over the three years of the agreement
"ELF's mission is to bring about the fullest potential of human performance and well-being by introducing the latest fitness concepts, innovations and fitness education to our customers. We are very pleased to be appointed exclusive distributor of TUT Fitness products in our markets. We believe that the small size and quality design of the TUT Trainer(TM) Tower and TUT Rower(TM) will sell extremely well," said Hai Yong, Tan CEO of Eco Lifestyle Fitness Pte Ltd.
TUT's flagship product, the TUT Trainer(TM) Tower, can be clamped onto a door frame and requires less than 2 square feet (0.18 square meters) of floor space. The entire TUT Trainer(TM) Tower weighs just 11.6 pounds (5.2 kilograms).
"We are very impressed with Hai Yong and his team's marketing plans and strong presence throughout Asia, as we grow TUT into a global brand and bring fitness performance and affordability to the masses. Partnering with Eco Lifestyle is a strategic opportunity for TUT to expand the reach of our internationally patented resistance bands (TUT Plates(TM)) into new markets," said Rob Smith, CEO of TUT Fitness Group, Inc.
TUT Fitness products are being marketed and sold into the $10.73 billion global market for home gym equipment. In addition, TUT Fitness Group licenses its internationally-patented stackable TUT Plates(TM) to OEM/ODM equipment manufacturers.
LICENSING & PARTNERSHIPS CONTACT:
Parties interested in partnership or licensing opportunities should contact Mark Addison, Director of Strategic Sales & Partnerships at: m.addison@tutfitnessgroup.com.
INTERNATIONAL SALES CONTACT:
Resellers and distributors interested in representing TUT Fitness Group products should contact Stefan Silner, VP of International Sales & Distribution at: s.sillner@tutfitnessgroup.com
Please see ourCorporate 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 and affordable 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$10.73B Global Home Exercise Equipment Market[1] and Online Fitness Market, expected to be US$30B by 2026[2].
TUT's flagship TUT Trainer(TM) micro gym uses patented, stackable resistance band technology (TUT Plates(TM)) to replace heavy metal weights, improving form and targeting every muscle group without adding pressure to joints or tendons. With more than 250+ exercises, the multi-functional and portable gym also includes an optional TUT Rower(TM), and offers breakthrough functional strength and cardio training that raises the bar for personal home gyms.
For further information please contact:
robs@tutfitnessgroup.com
Rob Smith
CEO, TUT Fitness Group Inc.