- Tribe Property Technologies manages over 40,000 rental homes and condos across Canada
- TUT Fitness will provide TUT gym equipment to the fitness areas of participating Tribe buildings
- TUT Fitness will also develop a personalized wellness app for Tribe residential communities
- Tribe and TUT Fitness will co-market TUT Gyms and the TUT Wellness App to differentiate Tribe’s real estate communities from competing properties
VANCOUVER, BC, March 9, 2022 /PRNewswire/ – TUT Fitness Group Inc.. (TSXV: GYM) (Frankfurt: 7PG) (“YOU“) announced today that it has signed an agreement with Tribe Property Technologies Inc (TSXV: TRBE) (OTCQB:TRPTF). The joint goals of the agreement are to promote TUT Fitness equipment to Tribe customers and the North American property management market, and to use TUT’s wellness app to engage Tribe residents. and differentiate Tribe’s residential and HOA condo communities.
The partnership will take place in three phases: installation of TUT Fitness exercise equipment in designated Tribe buildings; expansion to integrate TUT’s Training Videos and Training Ambassadors into Tribe’s online community management portal, Tribe Home; and ultimately resulting in a TUT/Tribe product bundle for developers of new build residential housing.
Property developers can find out more by visiting: https://tutfitnessgroup.com/tut-tribe-partnership.
“Fitness and wellness is more than just a basement exercise room; it’s now a complete lifestyle choice and we look forward to bringing TUT’s accessible exercise equipment and innovative fitness app features to provide a comprehensive wellness program for our residents that supports our goal of simplifying residential community and condominium living,” said Joseph NakhlaCEO, Tribe Property Technologies Inc.
“Tribe is an innovator in how to create welcoming and inclusive residential communities, and we look forward to working closely with them to bring our compact and affordable fitness equipment and digital training app to a wide audience of residents. of apartments and condos,” said Robert SmithCEO of TUT Fitness Group Inc.
Tribe manages approximately 40,000 homes with over 100,000 residents. The company’s proprietary community management software, Tribe Home, is embedded in every community with its ability to connect, inform, educate and protect through the digitization and simplification of residential community living.
TUT Fitness products feature internationally patented stackable TUT Plates™ resistance bands as the core component of its TUT Trainer™ Tower and TUT Rower™, which are marketed and sold worldwide. $10.73 billion home gym equipment market.
CONTACT LICENSES AND PARTNERSHIPS:
TUT Fitness Group licenses its patented stacking resistance band technology to OEM/ODM equipment manufacturers. Parties interested in partnership or licensing opportunities should contact Mark AddisonDirector of Strategic Sales and Partnerships at: [email protected].
INTERNATIONAL SALES CONTACT:
Dealers and distributors interested in representing TUT Fitness Group products should contact Stefan Silnervice president of international sales and distribution at: [email protected]
ABOUT TUT FITNESS GROUP:
TUT is a VancouverCanadian manufacturer of high performance, affordable fitness products. The company has designed, patented and manufactured one of the smallest (11.6 lbs) and most affordable home gyms in the world. Incorporated in 2018, TUT is an emerging player in the Home Gym and Fit Tech connected hardware space, targeting the US$10.73 billion Global home exercise equipment market1 and the online fitness market, which is expected to be US$30 billion by 20262.
TUT’s flagship TUT Trainer™ micro-gym uses patented stackable resistance band technology (TUT Plates™) to replace heavy metal weights, improve form and target every muscle group without adding pressure to joints or muscles. the tendons. With over 250 exercises, the multi-functional, portable gym also includes an optional TUT Rower™ and offers revolutionary functional and cardio training that raises the bar for personal home gyms.
ABOUT TRIBE PROPERTY TECHNOLOGIES
Tribe is a real estate technology company digitizing the traditional property management industry. As a rapidly growing, technologically advanced property management company, Tribe’s integrated service technology delivery model meets the needs of more stakeholders than traditional service providers.
Tribe’s business is comprised of three revenue pillars: software and services (recurring licensing and management fees), transactional (lease or co-ownership fees, banking, rentals), and digital services and partnerships (smart building products , financial and insurance service).
Tribe seeks to acquire highly accretive targets in North America’s fragmented property management industry and transform those businesses through streamlining and digitizing operations. Tribe’s platform reduces customer acquisition costs, increases retention, and enables the addition of value-added products and services through the platform. Visit tribetech.com for more information.
For more information, please contact:
CEO, TUT Fitness Group Inc.
Certain statements contained in this release are forward-looking statements or information, which include the Preferred Affiliate Sales Program, TUT Fitness Group licensing its technology, expectations and results of TUT Fitness Group’s patented technology, technology development , customer demand for TUT Fitness Group products, TUT product updates, future plans, regulatory approvals and other matters. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking terms such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe”, and “continue”. or the negative thereof or similar variations. Readers are cautioned that the assumptions used in preparing any forward-looking information may prove to be incorrect. Events or circumstances may 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 without limitation, business risks, economic and financial market conditions, ability to manage operating expenses, security threats and dependence on key personnel, including other risks filed under the Company’s profile on SEDAR at www.sedar.com. These statements and information are based on numerous assumptions regarding present 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 objectives. Factors that could cause actual results to differ materially from those in the forward-looking statements include, the inability to obtain regulatory approval, the continued availability of capital and financing, equipment and technology failures, litigation, increased operating costs, impact of COVID-19 or other viruses and illnesses on the ability of the business to operate, competition, failure of counterparties to perform their contractual obligations, fluctuations exchange rates, government regulations, loss of key employees and consultants and general economic, market or business conditions. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Readers are cautioned not to place undue reliance on forward-looking information.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as 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 otherwise. Further, the Company assumes no obligation to comment on expectations or statements made by third parties regarding the matters discussed above.
SOURCE TUT Fitness Group Limited