Further strengthen TUT’s ability to make home gym workouts more affordable and accessible

VANCOUVER, BC, January 20, 2021 / PRNewswire / – AAJ Capital 2 Corp. (TSX-V: AAJC.P) (“AAJ” or the “Company”) is pleased to announce that TUT Fitness Group Limited (“TUT Fitness”) has appointed RJ Wafer to the position of Chief Revenue Officer serving the TUT Fitness’ Go-To-Market Strategy (GTM) oversees, including revenue operations, direct sales and partner programs, strategic partnerships, channel planning, and strategic relationships with technology, content, community providers, and further development of TUT’s OEM revenue stream for licensing.

RJ Wafer has spent most of his career working at the forefront of emerging technologies and successfully scaling consumer hardware and software platform companies by leading their go-to-market initiatives. Prior to joining TUT, Wafer led the successful build-up and global sales for several successful consumer hardware companies, including the legendary 3D printing startup MakerBot Industries (sold for 2013) $ 604 million to Stratasys) and Double Robotics telepresence robots, the world’s leading providers of mobile telepresence for the booming remote job market.

TUT Fitness President, Rob Smith, Comments “RJ is a world-class manager and we are very happy to have him added to our leadership team at a time when the connected home gym and fit tech hardware space is growing unprecedented. His intimate consumer hardware knowledge, his Technology Experience Our track record in entering and developing new markets and global sales channels for partners will continue to drive our revenue growth and wider consumer acceptance of the TUT Home Gym and Rower. ”

“I’m very excited to be part of the TUT Fitness Group’s go-to-market team. TUT combines high-level engineering and effectiveness with affordability and ease of use, while the roadmap will expand our role within the overall fitness community. We have a high bar and high expectations of where we are going and I think people will be excited about how we get there. Personally, I included the TUT in my own fitness journey and I wouldn’t be here if I weren’t me saw the real potential for us to be leaders in the market, “noted Wafer.

AAJ would like to announce this as well Satnam Brar has been appointed AAJ’s Corporate Secretary.

AAJ will issue additional press releases relating to the final legal structure and terms of the previously announced transaction with TUT Fitness (the “Transaction”), the capitalization of TUT and the resulting financing terms for the issuer and TUT, financial information on TUT, the names and Obtain background from insiders of the resulting issuer and other material information as it becomes available.

Trading in AAJ shares is currently ceased and will continue until the transaction is completed and approved by the TSX Venture Exchange.

About TUT Fitness Group Limited

TUT is a private one British Columbia The based company has designed, patented and manufactured one of the smallest and most affordable high-performance fitness studios in the world. TUT was founded in 2018 and is an up-and-coming provider in the field of networked home gym and Fit Tech hardware $ 9.4 billion Global home exercise equipment market1 and online fitness market are expected $ 30 billion by 20262. At 32 pounds, TUT’s flagship products, the TUT TrainerTM and Rower, are light and cheaper than other alternatives. The “Time Under Tension” technology developed by TUT puts more strain on the muscles than conventional training and cardio machines and at the same time puts less pressure on the joints and tendons. The net result is higher calorie burn and better workout than comparable machines.

visit www.thetuttrainer.com for more informations.

Neither the TSX Venture Exchange nor its regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements or information, including the completion of the proposed transaction, TUT’s go-to-market strategy, technology development, future plans, regulatory approvals and other matters. Forward-looking statements consist of statements that are not purely historical, including statements about beliefs, plans, expectations, or intentions about the future. Such information can generally be identified by the use of forward-looking phrases such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or their negative or similar variations. The reader is cautioned that assumptions made in preparing forward-looking information could prove to be incorrect. Events or circumstances could cause actual results to differ materially from those forecasted beforehand due to 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 operational costs, security threats and dependency on key personnel. These statements and information are based on numerous assumptions about current and future business strategies and the environment in which the company will operate in the future, including demand for its products, expected costs and the ability to achieve goals. Factors that could cause actual results to differ materially from those expressed in forward-looking statements include failure to obtain regulatory approval, continued availability of capital and financial resources, equipment failure, legal disputes, increases in operating costs, the effects of COVID-19 or other viruses and diseases that affect the functioning of the company, the failure of the counterparties to fulfill their contractual obligations, government regulations, the loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements in this press release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on forward-looking information.

There can be no guarantee that the proposed transaction will be completed or, if completed, that it will be successful.

The forward-looking statements contained in this press release speak as of the date of this press release. Unless required by law, the company disclaims any intention and undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or for any other reason. In addition, the company assumes no obligation to comment on the expectations or statements of third parties with regard to the above-mentioned matters.

SOURCE DOES Fitness Group Limited