Global Industry Products, Corp.

Overview

Global Industry Products, Corp. (GIP) is a Nevada-based distributor and manufacturer of non-durable goods serving casinos, retailers, and redistributors. Core product categories include receipt paper, restaurant supplies, janitorial and bathroom supplies, liners and gloves, ribbons, toners and inks. The company operates under the Vegas Retail Supply brand and emphasizes private-label and US-made product lines, with Patriot Paper accounting for roughly 45% of sales and other American-made products representing about 25% of sales. GIP uses a multi-vendor sourcing model and imports certain products, with tariffs affecting roughly 30% of its offerings. The company also publishes owned brands, holds patents or trademarks on selected items, and maintains international distribution arrangements for some products.

Brands and product ownership

GIP wholly owns multiple brands:

• Vegas Retail Supply (office and non-durable goods) — inception 2010
• Patriot Paper (receipt paper) — inception 2019
• Sous Chef (disposable food service products) — inception 2017
• Buffalo Eraser Sponge (Buffalo Clean) — inception 2017
• Bellasoft (toilet/seating tissue products) — inception 2014
• FlexPlusIndustries (gloves, liners, safety glasses) — inception 2017
• RTCInk (ribbon, toner, ink) — inception 2016
• Environmentally Necessary (eco-friendly product licensing) — inception 2016
• FitBoxr (patented portable exercise device) — inception 2019
• FitBodi (branding extension related to FitBoxr) — inception 2021
• FitBoxing (fitness-related) — inception 2019
• Smack-Out (family board game; patented/foreign distribution) — 2025

Product notes: Buffalo Eraser Sponge previously sold through Home Shopping Network and Walmart; FitBoxr holds international patents; Smack-Out has international patent and trademark activity.

Geography, customers, and market position

• Primary operations in the Las Vegas area, Nevada, with national accounts such as Dollar General.
• GIP presents itself as the largest independent distributor of Patriot Paper in the Las Vegas market.
• Several brands have national and international reach via online channels and third-party distributors (examples: FitBoxr and FitBodi sales through branded sites and Amazon; Smack-Out distribution negotiations in Europe and Asia with plans for North American distribution).
• The company sources roughly 25% of product lines from US manufacturers and anticipates tariff-related impacts on about 30% of its products.

Intellectual property and product development

• Patents or trademarks cover FitBoxr and Smack-Out (international patents/trademarks pending for Smack-Out).
• Some products have had multi-channel retail exposure and the company maintains distribution and licensing arrangements for international markets.

Real estate, facilities, and leases

• GIP leases office and warehouse space at 7770 Dean Martin Dr., Las Vegas, NV 89139 (lease start May 1, 2025; non-cancellable; expiration October 31, 2028).
• Base rent: $16,390 monthly (May–Sept 2025), increasing to $24,421 starting October 1, 2025, with annual increases of 4.3% and initial CAM charges of $4,442.63.
• Initial lease liability and right-of-use asset recorded at $1,059,987 as of May 1, 2025.
• The company does not own real property.

People and governance

• Workforce: six full-time employees and two part-time subcontractors.
• Key management:
  • Chester I. Wright III — CEO, CFO, and director (approximately 20 hours/week)
  • Spencer Fisher — President and director (approximately 40 hours/week)
  • Cathy Wilkinson — Secretary (approximately 17.5 hours/week)

Financial snapshot (selected figures, year ended 12/31/2025)

• Revenue: $2,828,272
• Net loss: $(562,458) (2025); $(282,919) (2024)
• Cash: approximately $160,357 at year-end
• Accumulated deficit: $(4,646,032) as of 12/31/2025 (versus $(4,083,573) at 12/31/2024)
• Auditor reported going-concern considerations

Capital structure and financing

• Authorized Series A and Series F preferred stock. No outstanding Series A shares as of the report date.
• 163,724 shares of Series F preferred designated and outstanding; non-voting with a 4% royalty on two product lines (capped at roughly $160,000).
• Series A previously converted to common stock.
• The company has limited working capital and is seeking additional financing through private placement or convertible debt to support operations.

Public market and securities

• There is no established public market for the common stock. The company highlights typical penny-stock considerations and the potential for dilution from future issuances, along with the regulatory and compliance costs of being a reporting public company.

Other observations

GIP operates a portfolio of private-label and branded products from a Las Vegas base, maintains national and international distribution channels for select items, and is managing ongoing profitability and liquidity challenges that will require additional capital to sustain operations.