SOMERVILLE, N.J, August 30, 2022 — McapMediaWire –– Global Fiber Technologies, Inc., (OTC PINK: GFTX) ir.globalfibertechnologies.com through its subsidiary Authentic Heroes has secured its first purchase order for its “Old is Gold” Christmas album.
Chris Giordano President and Chairman of Global Fiber Technologies, Inc. stated; “Our initial march into the world of music entertainment has been met with extraordinary enthusiasm. Brick and mortar stores have shown extreme interest in our portfolio of music. This first purchase order is for a total of $800,000 or 40,000 units from a company known as “Best of As Seen On TV” of Westchester PA.,
We are working with Mass Merchandisers, Big Box Retail and Specialty Retail stores for what potentially could be a total of 550,000 Old is Gold Christmas Units sold at a wholesale price of $20.00 per unit for 2022 season.
Closing the first purchase order is a watershed event for Global and its shareholders. It will be the first of several more to come this quarter.
By combining the strengths of two of our joint venture partners Maestro Entertainment and InvenTel, https://inventel.tv/ allowed us an extraordinary opportunity for 2022 and the ability to establish substantial footprint in the vinyl record industry going forward.
Maestro Entertainment has a catalog of 17,000 Master Recordings from hundreds of artists and currently streams its music on Sony’s “The Orchard”.
InvenTel the primary “As Seen on TV company has massive distribution with products in over 150,000 stores and a customer list of over 100,000,000 people.
Creating a marriage between the parties with Global in the middle of it all was essential. Our ability to distribute vinyl records into major retailers is a home run for us which will produce millions of dollars in sales in 2022 and beyond.
Global is becoming the innovator in the vinyl record business with this Christmas season release. We are a first and the first to embed a QR Code into the Vinyl album that allows the scanner to receive a free NFT. What it also does is allows us to collect valuable information such as name, telephone and email addresses to create a very large list of future buyers for our products
This is an exciting time for Global and its shareholders and we look forward to keeping you apprised of our progress in the coming weeks as we march towards becoming a force in the music business.
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