NetBrands Corp. is a diversified holdings company focused on the marketing and distribution of snack foods and gourmet products, transitioning towards e-commerce.

# Company Overview: NetBrands Corp.

## Business Description
NetBrands Corp. is a diversified holdings company that primarily focuses on the marketing and distribution of snack foods and gourmet products. The company operates through its wholly-owned subsidiary, Global Diversified Holdings, Inc. (GDHI). 

### Key Business Segments:
1. **Packaged Goods Division**: 
   - Develops and markets products aligned with consumer trends favoring healthy snack foods.
   - Maintains a strategy to shift from traditional brick-and-mortar sales to a 90/10 focus on e-commerce sales, while still maintaining core revenue from physical retail.
   - Sells products through various distribution channels, including specialty and grocery retailers, food-service distributors, direct store delivery systems, and online platforms.

2. **E-Commerce Division**:
   - Focuses on acquiring and developing e-commerce assets.
   - Acquired an online home fitness store, “The Hula Fit,” in August 2022 as part of its strategy to expand its digital offerings.

3. **Vending Operations**:
   - Supplies products through vending machine distributors across the United States, with sales contributing approximately 1% of total revenues.

## Recent Developments
- The company rebranded itself from Global Diversified Marketing Group Inc. to NetBrands Corp. in March 2023 to reflect its broader business ambitions.
- Shares of NetBrands began trading on the OTC Pink marketplace under the symbol **NBND** in July 2023.

## Financial Performance
- **Revenues**: 
  - NetBrands reported no revenue for the fiscal year ending December 31, 2024, down from **$644,535** in 2023. 
  - Revenue loss in 2024 was attributed to a supplier bottleneck and geopolitical factors that affected product availability.

- **Loss and Income**:
  - The net loss for 2024 was **$1,285,306** (approximately **$0.06 per share**), slightly improved from a loss of **$1,321,340** in 2023 (around **$0.08 per share**).
 
- **Operating Expenses**: 
  - Total operating expenses for 2024 were **$798,089**, reduced from **$915,295** in 2023 due to decreased expenses in line with lower sales volume.
 
- **Employees**: 
  - The company currently has only **one employee**, its Chief Executive Officer (CEO), who is also the President and sole Director.

## Customer Base
- NetBrands does not disclose an exact number of customers but reports relationships with several large retail chains and distributors, including Fortune 500 companies. 
- The company aims to expand its customer base through ecommerce and by acquiring brands that can leverage its established distribution networks.

## Challenges
- The company faces significant risks, including dependence on the CEO for management, challenges in the competitive snack food market dominated by larger companies, and potential insolvency due to accumulated losses and lack of liquidity.

## Summary
NetBrands Corp. is transitioning towards a blended business model that incorporates both traditional retail and e-commerce. Despite recent challenges leading to zero revenue in 2024, the company's strategic focus on acquiring small brands and scaling its digital presence positions it for future growth, albeit with significant risk factors to manage.

NetBrands Corp. is a diversified holdings company specializing in the development and marketing of healthy snack foods, with a focus on e-commerce and vending operations.

# NetBrands Corp. Overview

## Company Structure and History
- **Incorporation**: Established on December 1, 2017, in Delaware as "Dense Forest Acquisition Corporation."
- **Name Changes**: Changed to “Global Diversified Marketing Group Inc.” on June 13, 2018, in anticipation of acquiring Global Diversified Holdings, Inc. (GDHI). Subsequently rebranded as NetBrands Corp. on March 29, 2023.
- **Acquisition**: Acquired GDHI on November 26, 2018, which became its wholly-owned subsidiary specializing in healthy snack foods.

## Business Focus
NetBrands Corp. operates as an early-stage diversified holdings company with several key business initiatives:

### 1. **Packaged Goods**
   - **Product Focus**: Develops and markets snack products appealing to health-conscious consumers.
   - **Market Strategy**: Shifted towards a 90% focus on e-commerce sales while continuing to grow brick-and-mortar sales.
   - **Trademarks**: Holds six registered trademarks for its brands, which cover various product lines. The trademarks include:
     - BISCOTTELLI
     - DOLCIBONO
     - BONBONS DE PARIS
     - FRUTTATA
     - COCO BLISS
     - EZLYV
   - **Distribution**: Products are marketed through specialty retailers, grocery chains, and food service distributors, targeting various segments including direct store delivery (DSD) and vending.

### 2. **E-Commerce**
   - **Acquisition**: Purchased assets from InPlay Capital Inc. on August 31, 2022, related to an online fitness store, "The Hula Fit."
   - **Expansion Plans**: Intends to acquire additional e-commerce businesses to enhance its digital presence.

### 3. **Vending Operations**
   - **Market Servicing**: Offers products to vending distributors across the U.S., serving locations like malls, schools, and service stations.
   - **Revenue Representation**: Vending machine sales account for approximately 1% of revenues.

## Customer and Revenue Base
- **Key Customers**: The company historically relied on a small number of major customers, with five customers accounting for approximately 99% of total revenues in 2023, and 92.6% in 2022.
- **Employee Count**: The company currently employs one person, its Chief Executive Officer, Paul Adler.

## Financial Performance
- **Income**: The company has reported significant operating losses since inception and operates under a working capital deficit.
- **Funding Needs**: Requires additional funding due to existing financial conditions; faced with raising funds for ongoing operations.

## Conclusion
NetBrands Corp. is focused on diversifying its business model through the development and marketing of snack foods while expanding its presence in e-commerce. The company is vulnerable due to its reliance on a limited number of customers and faces significant challenges related to competition and financial health.

NetBrands Corp.

10-K / April 24, 2025

10-K / April 15, 2024

10-K / April 24, 2025

Company Overview: NetBrands Corp.

Business Description

Key Business Segments:

Recent Developments

Financial Performance

Customer Base

Challenges

Summary