Global Diversified Marketing Group (OTC: GDMK), recently reported results for its second fiscal quarter ended June 30, 2020. Among other highlights, the company reported that it has secured new distribution with over 350 grocery outlet locations, entered an agreement with AATAC to expand rollout of its products in over 80,000 locations, and that its sales on Amazon are growing rapidly. “Despite the impact of COVID-19 and having the toughest quarter in company’s history, we were still able to generate significant revenue during a quarter while 70% of the economy has been shut down for majority of the quarter. Also, our loss from operations after deducting special non-cash items remained comparable to last year,” Paul Adler, GDMK chairman and CEO, stated in the news release. “Before the onset of COVID-19, we were on track to generate significant revenue increase in Q-2 and become profitable from operations. As previously announced during Q-2, we have added Grocery Outlet as a new account and signed an agreement with AATAC to expand and rollout our products in over 80,000 Retail Outlets. Our exceptionally lean overhead structure allows us to be very well positioned to benefit and grow our revenues.”
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About Global Diversified Marketing Group Inc.
Headquartered in Island Park, NY, Global Diversified Marketing Group operates as a global multiline consumer packaged goods (“CPG”) company with branded product lines and is a food and snack manufacturer, importer and distributor in the United States, Canada and Europe. The company operates in the snacks market segment and offers Italian wafers, Italian filled croissants, French madeleines, wafer pralines, shelf-stable macarons, and other gourmet snacks. The company sells its products directly through various distribution channels comprising specialty, grocery retailers, food-service distributors, direct store delivery (“DSD”), as well as the vending, pantry and the micro-market segment. For more information, visit the company’s website at www.GDMGInc.com.
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