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 operates through Snack segments. The Snack segment offers Italian Wafers, Italian Filled Croissants, French Madeleines, Wafer Pralines, Shelf Stable Macarons and other gourmet snacks. The company 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 segment.
GDMK had sales of 1.4 Million dollars in 2019. 2020 Proves to be much better.
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
On April 23rd, GDMK announced that it has secured distribution with Grocery Outlet to strengthen the company’s brand and bring its Premium Biscottelli product line into an untapped segment of the consumer market through an advantageous partnership with this emerging grocery industry leader. Grocery Outlet owns and operates a chain of grocery stores in the United States. As of December 28, 2019, Grocery Outlet had 347 stores, which included 342 independent operated stores and 5 company operated stores in California, Washington, Oregon, Pennsylvania, Idaho, and Nevada.
The GDMK Biscottelli segment is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products, and relies on an “opportunistic buying” strategy to secure items from suppliers, many of whom are the country’s top consumer product and food manufacturers.
Today’s marketplace is swiftly evolving. The new relationship between GDMK and Grocery Outlet is expected to thrive even in the midst of challenging times, whereas there is a strong common denominator in how the future is perceived. While the nation operates at an average 30% capacity, Grocery Outlet holds to a recognized opportunistic philosophy that treats roadblocks as milestones, and converts adversity to opportunity, by staying ahead of the curve.
According to CNN.com, “Grocery Outlet is capitalizing on shoppers stockpiling groceries during the outbreak and the havoc across supply chains. The report stated: “The coronavirus is crippling most American industries. But it’s also creating opportunities for some unexpected businesses. Grocery Outlet’s business model is a lot like TJX (TJX), the parent company of T.J.Maxx, Marshalls, HomeGoods. This may put it in a strong position to succeed during the crisis and beyond, analysts say.”
For more information on GDMK visit the company’s website at: https://360worldsnacks.com/
Company Name: GLOBAL DIVERSIFIED MARKETING GROUP INC.
Contact Person: Media Relations
Email: Send Email
Address:4042 Austin Boulevard Suite B
City: Island Park
State: NY 11558
Country: United States