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TUT Fitness Group Inc
Symbol	GYM
Shares Issued	36,605,349
Close 2023-09-22	C$ 0.05
Market Cap	C$ 1,830,267
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TUT receives third TUT Trainer order from InVite

2023-09-27 09:46 ET - News Release

Subject: TUT Fitness Group Inc - news release Word Document File: '\\swfile\EmailIn\20230927 063139 Attachment 20230927 TUT EXPANDS PARTNERSHIP WITH CORPORATE WELLNESS PROVIDER INVITE FITNESS.docx' TUT Fitness Signs Third Purchase Order with US Corporate Wellness Provider InVite Fitness, Expanding Further Into the US$27.2 Billion Corporate Wellness Market Vancouver, British Columbia - September 27, 2023: TUT Fitness Group Inc. (TSXV: GYM) (OTC: GYMFF) (Frankfurt: 7PG) ("TUT"), a leader and provider of high-performance and affordable Microgyms, is pleased to announce that InVite Fitness LLC, a US Corporate Wellness provider, has placed a third order of TUT Trainer Microgyms to support its Employee Benefit Programs, further expanding TUT's presence in the US$27.2B corporate wellness market. Corporate wellness is an important pillar in any organizations' employee retention and recruitment strategy, especially in the context of historically low unemployment numbers. Increasing employee engagement, while addressing workplace mental and physical health, is often key in the battle for top talent and TUT is proud to be an integral component of InVite Fitness's important initiative in this area. TUT CEO Rob Smith commented that "our goal has always been to provide flexible, high-value, and portable solutions to our B2B customers and the US$27B+ corporate wellness market. Our patented resistance-band technology provides great strength benefits to people of all fitness levels and we're excited to be working with Invite and other B2B clients to support employee wellness programs. This ongoing partnership underscores our commitment to promoting health, wellness, and overall employee well-being." Seth Grossman GM for Invite Fitness commented "We are excited to strengthen our partnership with TUT Fitness across our various B2B corporate wellness channels, which include municipalities, and health and employee benefit and reward programs. The TUT Trainer(TM) Microgym's portability, exceptional performance, and strong value expands our customer base and corporate wellness reach, so that we can continue to meet clients' health needs at home, in the office, or on the road." The U.S. corporate wellness market is estimated at US$27.2B in 2022, representing 38.79% of a global market that is on track to reach US$90.4 Billion by 2026, growing at a CAGR of 6.8%. About InVite Fitness, LLC Founded in 2018, InVite Fitness is a health and wellness store servicing health plans, life sciences, employer groups, municipalities, health coaching, rewards and wellness programs. InVite Fitness continuously sources the globe for cutting edge health technology and wellness products. Offerings include FDA approved, FSA eligible and non FSA tier 1 products targeting fitness, disease management, healthy eating, sports nutrition, healthy home, office safety and ergonomics. Through InVite's portfolio of products, organizations and health care providers can customize what products to offer members at a discounted and / or subsidized price; ultimately enabling organizations to measure and benefit health wellness outcomes. InVite Fitness can easily be added to any existing wellness program as a value add benefit. No matter the size or scope of a company or program, InVite Fitness can save an organization 10-60% off. As always, there is no cost to join and there are no licensing fees or minimums. About TUT Fitness Group: TUT Fitness is a Vancouver-based designer and Canadian manufacturer of high-performance and affordable fitness products, targeting the US$16.5B+ 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) Microgym, a high-performance and versatile 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 than 350 exercises delivering all-in-one functional strength, prehab/rehab and cardio training in less than 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: Rob Smith CEO, TUT Fitness Group Inc. robs@tutfitnessgroup.com www.tutfitnessgroup.com | Corporate Video | Press Kit Facebook | Twitter | Instagram | LinkedIn | YouTube # # # TUT Trainer(TM) Microgym product details High-performance microgym Quick and easy to set up (15 minutes) No power required Small footprint (<2 sq. ft.) Portable - train anywhere (11.6 lbs / 5kg) Complements any gym setting (commercial / home) Resistance loads up to 200 lbs (90 kg) Less than half the price of leading home gym brands TUT Training App* (over 350 exercises and OnDemand Workout Classes) [1] The TUT Trainer(TM) Microgym retails for $997 and can be financed for as little as $40 per month (24 payments). Fitness professionals interested in sharing the TUT Fitness advantage with their clients and communities can join the TUT Fitness Athlete Affiliate Program. For distribution, sales, and partnership inquiries please contact us at info@tutfitnessgroup.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain statements in this release are forward-looking statements or information, which include the expected benefits and outcomes of doing business with InVite Fitness LLC, development of technologies, the Company's mission and goals, the benefits and expectations from the patents and overall IP portfolio, customer demand for TUT Fitness Group's products, increase in distribution and sales, global expansion, the updates to TUT products, future plans, 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.sedarplus.ca. 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.htm