Stockwatch

TUT Fitness Group Inc
Symbol	GYM
Shares Issued	30,716,461
Close 2023-06-27	C$ 0.035
Market Cap	C$ 1,075,076
Recent Sedar+ Documents

TUT Fitness appoints Dutton as director; Brar resigns

2023-06-29 20:29 ET - News Release

Subject: TUT Fitness Group Inc - news release Word Document File: '\\swfile\EmailIn\20230629 171634 Attachment 20230606 TUT AppointsADutton and Resignation of AFader TFader and SBrar.DOCX' TUT Fitness Appoints Anthony Dutton to the Company's Board of Directors News Release - Vancouver, British Columbia - June 29th, 2023: TUT Fitness Group Inc. (TSX-V:GYM) (Frankfurt: 7PG) ("TUT" or "The Company"), one of the leading providers of high-performance and affordable micro gyms, announced today that it is pleased to announce the appointment of Anthony Dutton to its board of directors. "We are very excited to welcome Anthony to our board at this pivotal and important stage in our company's growth," said TUT CEO, Rob Smith. "With the recent introduction of our second-generation TUT Trainer(TM) as well as our revamped DTC program, Anthony's appointment is very timely and we look forward to working closely with him as we grow the TUT brand, optimize our production and distribution systems as we scale to be a global leader in high-performance and affordable micro gyms." Anthony has more than two decades of senior leadership in public and private companies with expertise in growth management, strategic planning, financing, M&A, operational restructuring and corporate governance. He has broad industry experience including transportation, advanced manufacturing and most recently, cannabis. He is currently a partner at HighMont Advisors Inc. advising early stage and high growth companies. He was previously CEO, co-Founder and a director of Cannex Capital Group Inc. (CSE:CNNX), a pioneering US cannabis company which merged with 4Front Ventures Inc. (CSE:FFNT). He is a board member of Flair Airlines, Sanatana Gold (TSX.V - STA) and BioVaxys Technologies (CSE - BIOV). He has a BA (Econ) from the University of British Columbia, a Masters in Architecture from Dalhousie University and an MBA from the Cranfield School of Management in the UK. "I am thrilled to be joining TUT at this important inflection point in the Company's growth and to be working with Rob and the team," said Anthony Dutton. "Your body, health and overall fitness could not be more important and with TUT's micro gym products you can easily and affordably invest in your health and wellbeing from anywhere. I have worked with several young and growing companies and brands," continued Dutton, "and the key to long term success is strong and accessible lifestyle products that address a defined and growing community. TUT delivers on all points and I look forward to being a part of their exciting growth." The company also announces the resignation of Aaron and Tima Fader, from its management team and Satnam Brar from its board of directors. The TUT Trainer(TM) microgym retails for $997 and can be financed for as little as $40 per month (24 payments). If you are a fitness professional click here to learn more about TUT Fitness Athlete Affiliate Program: https://tutfitnessgroup.com/affiliate-program/ For distribution, sales and partnership inquiries please contact us at info@tutfitnessgroup.com Please see our Corporate Video or our social channels: Instagram, Facebook, Twitter, LinkedIn, TUT Highlights (YouTube). TUT TRAINER(TM) PRODUCT SPECS: High performance micro gym (11.6 lbs/5kg) Quick & easy set up 15 minutes No power required Footprint (<2 sq. ft.) Portability - Train Anywhere Complements any gym setting (commercial /at home) Resistance load up to 200 lbs (90 kg) Less than one-half the price of leading home gym brands TUT Training App* (300 + exercises & OnDemand Workout Classes) [1] ABOUT TUT FITNESS GROUP: TUT Fitness is a Vancouver-based designer and Canadian manufacturer of high-performance and affordable fitness products, targeting the US$15.13B global home fitness equipment market, which is expected to hit US$21.84B by 2026. [2] TUT's industry-first patented resistance band technology (stackable TUT Plates(TM)) is the backbone of the TUT Trainer(TM) micro gym, a high performance and convenient alternative to bulky exercise machines and free weights. Weighing only 11.6 lbs, the TUT Trainer(TM) differs from traditional machines by allowing progressive resistance to be added to any rep or movement. Using just 36 ounces of calibrated resistance bands, and able to generate up to 200 lbs. of resistance the user experiences constant and incremental Time Under Tension (TUT) throughout the complete range of motion, and assistance with form. The patented resistance band technology and unique gym design ensures maximum full body muscle recruitment, and multiplanar movement, without added pressure to joints or tendons. The TUT Trainer(TM) replicates everything you can do in the gym with more 300 exercises delivering all-in-one functional strength, prehab/rehab and cardio training in less 2 square feet of space. Leveraging TUT's resistance band technology the complementary TUT Rower(TM) is great for demanding cardio yoga and pilates style resistance training , and weighs only 21 lbs, rounding out the perfect all-in-one multi purpose gym and cardio solution. For further information please contact: robs@tutfitnessgroup.com Rob Smith CEO, TUT Fitness Group Inc. Forward-Looking Statements Certain statements in this release are forward-looking statements or information, which include the preferred affiliate sales program, TUT Fitness Group licensing its technology, expectations, and outcomes from the TUT Fitness Group's patented technology, development of technologies, the expectations and expected outcomes with the advisors, the Company's mission and goals, the benefits and expectations from the patents and overall IP portfolio, the expected customer demand for TUT Fitness Group's products, increase in distribution and sales, global expansion, the updates to TUT products, future plans, regulatory approvals and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, security threats, and dependence on key personnel and including those other risks filed under the Company's profile on SEDAR at www.sedar.com. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment and technology failures, litigation, increase in operating costs, lack of demand for the Company's products and services, the impact of COVID-19 or other viruses and diseases on the Company's ability to operate, competition, failure of counterparties to perform their contractual obligations, exchange rate fluctuations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. [1] Integrates with Apple Watch/Healthkit, Fitbit, Garmin, Withings, My Fitness Pal. [2] Source: Research and Markets (July 14, 2022) https://www.globenewswire.com/news-release/2022/07/14/2479503/28124/en/Home-Fitness-Equipment-Global-Market-to-Grow-to-21-84-Billion-by-2026.html