Inventory Available for Immediate Holiday
Deliveries and Gift Purchases
Key Highlights:
- TUT Fitness Group launches in-store retail experience in
New York, in partnership with b8ta
stores
- Customers can reserve appointment times for hands-on-demos
to experience TUT's patented fitness technology first-hand
- Trained in-store staff and guest fitness instructors will
answer product questions and provide inspiring
demonstrations
- TUT has sufficient equipment inventory to fulfil immediate
deliveries of holiday gift purchases
VANCOUVER, BC, Nov. 18, 2021 /CNW/ - TUT Fitness Group Inc.
(TSXV: GYM) ("TUT") announced today that it has opened its
first in-store retail experience in New
York, in partnership with b8ta stores.
TUT's high performance and affordable micro gym, consisting of
the TUT Trainer™ ($795USD) and TUT
Rower™ ($595USD), recently featured
in Forbes, will be showcased at b8ta's New York Hudson Yards store
location, which is its flagship store and its most-visited,
best-performing location with an average 17,000 store visitors in a
typical month. The Hudson Yards retail location is a popular
tourist shopping destination, which gives TUT Fitness Group broad
visibility to affluent New York
residents as well as tourists from all across North America, Europe and Asia.
b8ta's Founder & CEO Vibhu
Norby commented "TUT offers a refreshing vision for at-home
fitness: accessible strength and cardio training without
distractions. I'm excited to introduce TUT into our world-class
modern fitness assortment. Prospective customers will be able to
demo TUT's products at our renowned b8ta Hudson Yards location, and
we'll also be streaming live workouts on TUT's products from our
stores to b8ta.com."
The custom-built, dedicated TUT Fitness showroom inside of the
b8ta store comprises an alcove with two installed demo TUT Trainers
and a 60" display screen which runs promotional video loops. Next
to each TUT Trainer device is a tablet which offers product
details, collects data about the customer, and displays a QR code
to purchase the TUT Trainer home gym immediately.
Online customers can plan their store visit by reserving a
hands-on demo ahead of time by visiting the TUT Fitness landing
page. Also planned are a series of in-store appearances by TUT's
own personal trainers, local fitness trainers, sports celebrities,
and other store activations and campaigns. In addition to the
in-store experiences, b8ta is also promoting TUT Fitness Group
online with a series of podcast-style video episodes on its 24-hour
on-air channel.
Best of all, shoppers are able to purchase the TUT Trainer™ and
TUT Rower™ for immediate shipping, in plenty of time for holiday
delivery.
"Launching with b8ta in the US market made a lot of sense for us
given their success with other top-tier fitness equipment brands
such as Tonal, CLMBR and Tempo. The hands-on demos allow customers
who might be on the fence about their next fitness equipment
purchase to experience our high performance and portable TUT
Trainer™ micro gym and and TUT Rower™, that take up less than two
square feet, using the very latest resistance band
technology. Our stackable TUT Plates™ replace heavy metal weights
for amazing workouts. Customers can get answers from
experienced in-store staff and fitness trainers," said
Rob Smith, CEO of TUT Fitness
Group Inc.
ABOUT TUT FITNESS GROUP:
TUT is a Vancouver-based Canadian manufacturer of
high-performance fitness products. The company has designed,
patented, and manufactured one of the world's smallest (11.6 lbs),
and most affordable high-performance home gyms. Incorporated in
2018, TUT is an emerging player in the connected Home Gym and Fit
Tech hardware space, targeting the US$10.7B Global Home Exercise Equipment
Market[1] and Online Fitness Market, expected to be
US$30B by 2026[2].
TUT's patented, industry-first, stackable resistance bands (TUT
Plates™) allow the user to increase or decrease resistance loads
with up to 200 lbs of resistance. Utilized in both the TUT Trainer™
Tower and TUT Rower™, this new breakthrough in functional strength
and cardio training incorporates Time Under Tension to target every
muscle group without the added pressure to joints or tendons,
optimizing workouts, and raising the bar for personal home
gyms.
Please see our Corporate Video or our social
channels: Instagram, Facebook, Twitter, LinkedIn, TUT
Highlights (YouTube).
ABOUT b8ta STORES:
Founded in 2015, b8ta operates the
largest experiential retail footprint in the world in which
consumers discover, try and buy some of the world's best and most
innovative products in real life. b8ta pioneered the concept of
Retail-as-a-Service, making it practical for brands to access
physical retail as easily as they buy digital advertising.
Additionally, b8ta hosts b8ta TV, a live stream of unique product
reviews, founder interviews, and industry specials, running 24/7 on
YouTube and b8ta.tv.For more about b8ta, visit www.b8ta.com.
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 outcomes and
expectations and plans from the b8ta demo and retail launch, TUT
Fitness Group licensing its technology, expectations and outcomes
from the TUT Fitness Group's patented technology, development of
technologies, customer demand for TUT Fitness Group's products
including from the b8ta launch, 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, 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]
|
Source: Fortune
Business Insights
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https://www.globenewswire.com/news-release/2021/04/15/2210905/0/en/Home-Fitness-Equipment-Market-to-Reach-USD-14-74-Billion-in-2028-Introduction-of-Smart-Treadmills-to-Boost-Growth-reports-Fortune-Business-Insights.html
|
|
|
[2]
|
Source: Global
Market Insights, Inc.
|
|
https://www.globenewswire.com/news-release/2020/09/24/2098446/0/en/Online-Fitness-Market-growth-predicted-at-30-through-2026-Global-Market-Insights-Inc.html
|
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SOURCE TUT Fitness Group Limited