Key highlights:

  • TUT Fitness Group launches retail distribution agreement with Touch of Modern
  • The offer includes fitness equipment from TUT Trainer ™ and TUT Rower ™ in selected promotions, which are marketed to a private member audience of over 18 million potential customers North America
  • The TUT Trainer fitness equipment is equipped with internationally patented TUT Plate ™ resistance bands that replace expensive and bulky iron weights and promise that $ 9.5 billion Home Gym Market

VANCOUVER, BC, June 22, 2021 / PRNewswire / – AAJ Capital 2 Corp. (TSXV: AAJC.P) (“AAJ”) is pleased to announce that TUT Fitness Group Limited (“TUT”) has signed an exclusive distribution agreement with Touch of Modern to promote the TUT Trainer ™ and TUT Rower ™ exercise equipment to a marketplace of over 18 million consumers.

Touch Of Modern is a members-only ecommerce website with a following of wealthy college educated adults, Millennials, and Gen-Z living in major metropolitan areas of The United States. The website offers premium brands and products aimed at urban professionals with sleek designs and superior quality. The company received an A rating from the Better Business Bureau and was named one of the 500 fastest growing private companies in America by Inc. 5000 for two consecutive years.

“The demographic target group of Touch Of Modern members fits perfectly with the target group of TUT training devices. Our exclusive contract gives TUT products a prominent position in Touch of Modern promotions and will bring us to more than 18 million potential customers, ”said Rob Smith, Chief Executive Officer, of the TUT Fitness Group.

TUT fitness equipment has the internationally patented TUT Plate ™ resistance bands as a core element in both the TUT Trainer ™ Tower and the TUT Rower ™, which are marketed and sold in the USA $ 9.5 billion Home Fitness Equipment Market1.

Please see our Corporate video or our social channels: Instagram, Facebook, Twitter, LinkedIn, TUT highlights (YouTube).

TUT is private British Columbia based company that has designed, patented and manufactured one of the smallest and most affordable high performance home studios in the world. Founded in 2018, TUT is an emerging player in connected exercise bikes and Fit Tech hardware targeting the $ 9.5 billion Global Exercise Bike Market1 and Online Fitness Market Expected $ 30 billion by 20262. At 32 pounds, TUT’s flagship products, the TUT Trainer ™ and the TUT Rower ™, are light and less expensive than other alternatives. The proprietary “Time Under Tension” technology from TUT puts more strain on the muscles than conventional training and cardio equipment and exerts less pressure on the joints and tendons. The net result is higher calorie consumption and better workout than comparable equipment.

For more information please contact:
[email protected]
Rob Smith
CEO, TUT Fitness Group

Trading in the shares of AAJ is currently ceased and will remain until the transaction with TUT Fitness Group is completed and approved by the TSX Venture Exchange.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements or information that indicate the completion of the proposed transaction with the TUT Fitness Group and the receipt of approval from the TSX Venture Exchange, the licensing of their technology by the TUT Fitness Group, the expectations and results of the patented technology of the TUT Fitness Group, technology development, customer demand for TUT Fitness Group products, expected results of Touch of Modern e-commerce marketplace, 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 may generally be identified by the use of forward-looking phrases such as “may,” “expect,” “estimate,” “anticipate,” “intend,” “believe” and “continue” or the negative or similar variations thereof. The reader is cautioned that the assumptions used in preparing forward-looking information could prove to be incorrect. Events or circumstances could cause actual results to differ materially from those anticipated 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 other factors Capital market conditions, the ability to manage business expenses, security threats, and reliance on key personnel. Such 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 the 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 lack of regulatory approval, continued availability of capital and financing, equipment failures, litigation, increases in operating costs, the effects of COVID-19 other viruses and diseases affect the company’s legal capacity, non-performance of contractual obligations by counterparties, fluctuations in exchange rates, 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 restricted by this cautionary statement. The reader is cautioned not to place undue reliance on forward-looking information.

There can be no assurance 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, whether as a result of new information, future events or for any other reason. Furthermore, the company assumes no obligation to comment on the expectations or statements of third parties with regard to the matters discussed above.

SOURCE DOES Fitness Group Limited