Global Diversified Marketing Group (Stock Symbol: GDMK) Supplies Premium Food and Snacks to the USA, Canada and Europe

January 28 12:48 2021
Global Diversified Marketing Group (Stock Symbol: GDMK) Supplies Premium Food and Snacks to the USA, Canada and Europe
Major New Marketing Initiatives Underway for 2021
  • Premium Snack Food Supplier with Expanding Marketing Presence.   
  • Product Placement for Major National Club Store with 1st Purchase Order.   
  • Full-Service eCommerce Firm Engaged to Launch New Marketing Site. 
  • Latest Quarterly Sales Results at Record Revenue Levels.  

Global Diversified Marketing Group, Inc. (OTC: GDMK) operates as a food and snack manufacturer, Importer & distributor through its subsidiary in the United States, Canada, and Europe. GDMK offers Italian Wafers, Italian Filled Croissants, French Madeleines, Wafer Pralines, Shelf Stable Macarons, and other gourmet snacks. GDMK sells its products direct and through various distribution channels comprising specialty, grocery retailers and food-service distributors, DSD as well as vending, pantry, and micro market segments. 

GDMK is a fully reporting OTC listed company with a small share structure of only about 13 million shares outstanding. The company has also qualified for the Verified Profile and Transfer Agent Verified designations at otcmarkets.com. 

  • Placement with Major National Club Store and First Purchase Order

On January 27th – GDMK announced the company has successfully secured placement with National Club Store Chain for its premium snack product to be stocked and sold in the US North East Region. The first purchase order has already been received.

Club Stores will begin by offering GDMK gourmet Coco Bliss Coconut Wafer Bites. With a launch date set for mid-February, the timing should be ideal to meet the strong consumer demand for high quality snack items during the winter months. GDMK is preparing to deliver the initial product shipments to the chain stores so they can reach store shelves and be available to the very large and discerning customer base. 

GDMK will then continue to work to build the program into higher quantity and more diverse orders as both companies go forward together. Back on September 1stGDMK had reported that it was in talks with Costco Wholesale Corp (COST), a major club store chain that operates over 500 locations in the United States. Hence, the new placement and 1st purchase order just announced is highly likely with Costco.  

  • GDMK Engages Full-Service Marketing Firm to Launch New eCommerce Site After Strong Success on Amazon.com

On December 22nd – GDMK announced it has engaged a full-service, Top 50 marketing firm to re-develop and prepare a full-scale eCommerce site and commence its marketing operations. This action was taken in recognition of the very strong demand for GDMK premium snack foods on the major eCommerce site of Amazon.com in 2020. GDMK management has therefore decided to invest in and develop its own eCommerce platform to further enhance this successful marketing strategy. A very credible and experienced fulfillment facility has already been identified which will be dedicated to future e-Commerce order fulfillment.

GDMK management believes it can efficiently build a 7-figure digital business that will diversify its brands online and will grow its presence to an even wider consumer base worldwide. The new platform will incorporate a shopping cart for easy ordering and employ advanced Search Engine Optimization (SEO) as well as Pay Per Click (PPC) features to optimize its effectiveness and accelerate the velocity of sales revenues into the 6-figure range on a monthly basis, building to a projected 7-figure annual return.

  • Record Quarterly Revenue Up 82% Over Prior Year Levels

On November 4th – GDMK reported results for its fiscal third quarter ended September 30th, 2020. The impressive results included the following highlights: 

  • Revenues were $667,237, an 82% increase, as compared to $366,354 for the same period in 2019
  • Gross Profit Margin was $246,539, a 71% increase as compared to $143,997 for the same period in 2019
  • Gross margin percentage was 36.9% compared to 39.3% in the 2019 period
  • Net profit was $59,144 compared to $14,126 in the 2019 period.
  • Adjusted net profit which is defined as net profit after adding back non-cash, stock-based expense was $76,856 in 2020 compared to $14,126 in the 2019 period.

Results for Nine Months Ended September 30th, 2020 Compared to the Same nine Months Ended September 30th, 2019 included these highlights: 

  • Revenues were $1,260,539, a 21% increase, as compared to revenues of $1,040,644 for the same period in 2019
  • Gross Profit was $475,066, a 37% increase, as compared to $344,824 for the same period in 2019
  • Gross margin percentage was 37.7% compared to 33.1 in the 2019 period
  • Net loss was $26,132,488 compared to a net loss of $39,263 in the 2019 period
  • Adjusted net profit which is defined as net profit after adding back non-cash, stock-based expense was $54,267 in 2020 compared to a net loss of $39,263 in the 2019 period.

In 2020, GDMK success was demonstrated with substantial growth despite the pandemic, culminating in a very significant revenue increase and a profitable quarter. GDMK continued its global distribution with new agreements in Austria and EU markets and succeeded in new product launches and partnership agreements with distributors and retailers. 

For more information on Global Diversified Marketing Group, Inc. (GDMK) visit the company’s website at https://www.360worldsnacks.com

Media Contact
Company Name: Global Diversified Marketing Group, Inc.
Contact Person: Media Relations
Email: Send Email
Phone: 800-550-5996
Address:4042 Austin Boulevard Suite B
City: Island Park
State: NY 11558
Country: United States
Website: www.360worldsnacks.com