Acquiring new ecommerce assets will enable the company to accelerate growth via diversification in various verticals
ISLAND PARK, N.Y., Sept. 06, 2022 (GLOBE NEWSWIRE) — Global Diversified Marketing Group Inc., a Delaware corporation (the “Company”; OTC: GDMK) is pleased to announce that it has acquired The Hula Fit ecommerce site which sells fitness equipment and athletic apparel. The Hula Fit utilizes a business model where stocking inventory in our warehouse is not required and where orders are drop shipped directly to customers. The acquisition was unanimously approved by the company’s independent board of directors.
“The Hula Fit utilizes a dropship model where inventory will not be stocked and will be efficient in managing its assets. We are very excited by adding additional asset to our already multifaceted business and look forward to scaling this opportunity to the next level as well as giving Global an opportunity to own unique ecommerce asset,” commented Paul Adler, GDMK’s President & CEO.
Mr. Adler continued, “We believe this new asset will pave a way to start acquiring more ecommerce brand assets that will enhance and diversify its current business.”
About Global Diversified Marketing Group
Headquartered in Island Park, NY – Global Diversified Marketing Group Inc operates as a diversified holdings company through several divisions with one of its divisions as a global multi-line consumer packaged goods (“CPG”) with branded product lines. Another division is involved with acquiring ecommerce assets as well as private businesses in various verticals and scales them up.
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Global Diversified Marketing Group Inc
Paul Adler, Chairman, President & CEO