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TUT Fitness Group Inc
Symbol	GYM
Shares Issued	36,605,349
Close 2023-11-14	C$ 0.03
Market Cap	C$ 1,098,160
Recent Sedar+ Documents

TUT Fitness receives microgym reorder from London Drugs

2023-11-15 09:00 ET - News Release

Subject: TUT Fitness Group - News Release November 15 - LD Reorder Word Document File: '\\swfile\EmailIn\20231115 050058 Attachment GYM London Drugs Reorder Nov 15.docx' TUT Fitness Receives Reorder after Successful 10 Store Test With London Drugs One of Western Canada's Largest Retailers News Release - Vancouver, British Columbia - Wednesday November 15th, 2023: TUT Fitness Group Inc. (TSX-V:GYM) (Frankfurt: 7PG) ("TUT'' or the "Company''), a leading Microgym brand, known for efficient compact and affordable design, powered by industry-first patented resistance band technology is pleased to announce further to the company's news release dated July 26th, that it has received a reorder for its TUT Trainer(TM) Microgym line in time for Black Friday and Christmas. With the holiday season and the "New Year, New You" spirit approaching, this development comes at an opportune time, offering fitness and wellness enthusiasts direct, local access to TUT Fitness's versatile, convenient and affordable Microgym solution. TUT's Head of Retail Strategy, Scott Naccarato commented, "London Drugs' second purchase order is a clear indicator of the strength and appeal of the TUT Trainer(TM) Microgym line, and we are happy to support and be part of London Drug's buildout of their ever evolving wellness category, right in time for the busiest retail season of the year. This partnership not only reflects our commitment to quality and innovation but also aligns perfectly with the wellness needs and aspirations of our customers." Recently endorsed by Celebrity Trainer Gunnar Peterson and 11 x Olympic and World Championship Canadian Sprinter, Andre De Grasse, the TUT Trainer(TM) is fast becoming a favourite amongst fitness enthusiasts, professional athletes, and trainers. Given its versatility, small foot print, and ability to perform both high and low impact full body workouts, the TUT Trainer(TM) increases strength, muscle mass and mobility. TUT on the Beach https://youtu.be/NS-84yvGJlo TUT Easy Installation: https://youtu.be/Se1CDo_2KmE Andre De Grasse on the TUT Trainer(TM): https://youtu.be/KDnnC1HPH6w Celebrity Trainer Gunnar Peterson "It's like a cable system with bands but it's so much more dynamic ...and you feel every rep from the beginning of the motion". The TUT Trainer(TM) Microgym are now available at the following 10 select London Drugs locations, as well as online. Store #74 - 2230 West Broadway, Vancouver, British Columbia Store#5 - 2032 Lonsdale Ave, North Vancouver, British Columbia Store#4 - 525 West Broadway, Vancouver, British Columbia Store#54 - 3170 Tillicum Road, Victoria, British Columbia Store#47 - 22709 Lougheed Hwy, Maple Ridge, British Columbia Store#12 - 1950 Harvey Avenue, Kelowna, British Columbia Store#45 - 11704 - 104th Avenue, Edmonton, Alberta T5K 2T6 Store#15 - 2929 Barnet Highway, Coquitlam, British Columbia Store#37 - 5237 - 48th Avenue, Delta, British Columbia Store#18 - 20202 - 66th Ave., Langley, British Columbia The TUT Trainer(TM) Microgym retails for $997 and can be financed for as little as $40 per month (24 payments). www.tutfitnessgroup.com | Corporate Video |Facebook | Twitter | Instagram | LinkedIn | YouTube # # # TUT TRAINER(TM) Microgym Product Specs: 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] 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 ABOUT LONDON DRUGS Founded in 1945, B.C.-based London Drugs sells to every province and territory in Canada through its online store www.londondrugs.com and has 79 physical stores in more than 35 major markets throughout British Columbia, Alberta, Saskatchewan and Manitoba. London Drugs offers customers a range of products from digital cameras and cosmetics to computers and televisions. Renowned for its creative approach to retailing, the company employs more than 9,000 people with pharmacy and health care services at the heart of its business. Committed to innovation and superior customer service, London Drugs has established itself as a reputable and caring Canadian company that supports Canadian brands and continues to position itself for future growth and development. For more information and requests for interviews, please contact: Louise Stoddart tartanbond louise.stoddart@tartanbond.com (604) 351-3623 Facebook /LondonDrugs Twitter @LondonDrugs Instagram @LondonDrugs Hashtag Intel #LondonDrugs ABOUT TUT FITNESS GROUP: TUT Fitness is a leading Vancouver based designer and manufacturer of high-performance and affordable Microgym products, targeting the US$16.5B+ global home fitness equipment market, which is expected to hit US$21.84B by 2026. [1]. TUT's industry-first patented resistance band technology (stackable TUT Plates(TM)) are the backbone of the TUT Trainer(TM) Microgym, a high-performance and versatile full body workout system suitable for high or low impact workouts. Weighing only 11.6 lbs, the TUT Trainer's(TM) space saving and complementary design features adapt and integrate into any gym environment or exercise program, replicating everything you can do in the gym with more than 350 different exercises in less than 2 sq. ft of space. Leveraging the science of Time Under Tension (TUT), the length of time a muscle is under strain during a rep, and progressive resistance, TUT's stackable Plates(TM)can be easily loaded on to the TUT Trainer(TM), to specifically target all the major muscle groups, in multiple planes of direction offering the benefits of increased lean muscle mass, increased functional strength, improved movement, balance and form, without the strain on joints or tendons. Sold separately as an accessory the TUT Rower(TM) weighing 21 lbs., is the perfect complement to your fitness routine, also designed to fit anywhere and offering cardio, pilates, and yoga style workouts that are effective as they are convenient. For further information please contact: Rob Smith CEO, TUT Fitness Group Inc. robs@tutfitnessgroup.com Toll Free:1-800-674-5641 FORWARD-LOOKING STATEMENTS Certain statements in this release are forward-looking statements or information, which include the expected benefits and outcomes with the partnership with Gunnar Peterson including increased sales and awareness in the US market, the potential issuance of common shares to Gunnar Peterson, 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.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.html [3] https://finance.yahoo.com/news/15-fastest-growing-dtc-companies-231541482.html