GDET Acquires CBD Affiliate Marketing Leader CBDHempBuzz.com to Launch Aggressive Distribution Strategy

0
19

GD Entertainment and Technology (OTC: GDET), an emerging pioneer in the CBD, Blockchain and Luxury Retail industries, is announcing the full acquisition of CBDHempBuzz.com, a leading CBD affiliate marketing platform. The Company has already integrated and deployed branding and product information for its wholly-owned subsidiary, The Greenery (thegreeneryco.com), and will benefit from organic search-driven traffic and affiliate relationships to drive revenue through marketing and product sales of its premium CBD-based products.

Affiliate advertising produces more than 20 percent of all online sales, according to TheBrandonAgency.com. Affiliate marketing is an online advertising / marketing reward system where affiliates get a piece of the revenue pie by turning up leads that actually lead to sales. E-commerce companies have become highly dependent on affiliate marketing because it yields results and performance-based control of the overhead.

“The rise of affiliate marketing as a dominant driver of revenue across most industries makes this an important element in our increasing distribution strategy,” GDET CEO Anil Idnani commented. “It will hardly be the focus of our plan. But it all connects together, and that means large gains in sales volume, product awareness, and web presence in a single move, and it more than pays for itself through our own collaboration advertising lead generation.

The affiliate marketing room has become a dominant online and mobile outlet for brand recognition and revenue, which now accounts for over 40% of Amazon’s annual sales of $100 billion. The marketing room of the affiliate is expected to grow to nearly $7 billion in total size in the coming years, and more than 80% of online sellers are now using the strategy for at least some sales.

Mr. Idnani continued, “This acquisition is just the start, together with our central e-commerce site at TheGreeneryCo.com, CBDHempBuzz.com will help lay the foundation for the larger partnership deals that we have in the works.”

GD Entertainment & Technology, also known as GDET, focuses on high growth industries to fulfill a diverse selection of premium products nationwide. The company currently manufactures, wholesales, and markets a portfolio of blockchain/financial service-based products. GDET strives to become one of the premier Cryptocurrency mining facilities that is client-focused and dedicated to creating a new standard in the Blockchain space based on security and transparency. GDET has also developed a strong relationship with suppliers worldwide to ensure future purchasing. The company currently has two subsidiaries, DreamCard and HyperDigital Technologies, which both offer a selection of transactional-based products and services. DreamCard allows users to create a customizable debit or credit card using its state of the art online platform. HyperDigital Technologies is the Cryptocurrency ATM sector of GDET and aims to secure multiple MSB, money services business, licenses in order to host ATM units throughout the country.

Safe Harbor Provision Cautionary statement for purposes of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review GD Entertainment and Technology annual and quarterly financials for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state.

LEAVE A REPLY

Please enter your comment!
Please enter your name here