IFBC Will Provide Food Trucks ("Ape"
for the Path of Peace at the Extraordinary Jubilee of Mercy -- December 8, 2015 to August
2015-11-02T14:56:43
IFBC Will Provide Food Trucks ("Ape" for the Path of Peace at the
Extraordinary Jubilee of Mercy -- December 8, 2015 to August 8, 2016
PLAINVIEW, NY -- (Marketwired) -- 11/02/15 -- Italian Food &
Beverage Corp. (OTC PINK: IFBC) (IFBC) is in the process of signing
an agreement with La Giubi srl, a company which has been chosen to
represent the project "Path of Peace" for the forthcoming
Extraordinary Jubilee of Mercy, to provide food trucks during the
upcoming Jubilee.
The Jubilee is an initiative which was presented to Pope Francis in
February 2015, and approved in April 2015, after it had been
co-financed by the Organization of the "Way of Peace" and approved by
the United Nations.
IFBC, as a partner in this project, will supply up to 100 food
trucks, known as "Ape," to provide food and drink to the many
pilgrims who will attend the celebration during the period of
December 8, 2015 to August 8th, 2016. These pilgrims, who will hail
from all parts of the world, will enjoy convenient access to our
quality food and wine from right outside the walls of the Vatican.
We have conservatively estimated the gross revenues per "Ape" to be
600 Euros per day during the entire Jubilee period. There exists the
possibility of a contract extension to a maximum of five years.
Should this extension occur,we estimate the minimum number of food
trucks "Ape" to be 20 to 30, with a maximum of 100. Revenues could
vary from 360,000 Euros per month (based on 20 food trucks) to
1,800,000 Euros per month (based on 100 food trucks).
Lorenzo Buff, IFBC's President, and Vincenzo Ventola, IFBC's CFO,
have been working on this important project for many months. Mr.
Buffi stated, "IFBC is beginning to realize the many possibilities of
the company in a very short period of time. Our hard work is
beginning to pay off and produce greater than expected results."
About Italian Food & Beverage Corp. (formerly Blast Applications,
Inc.)
Italian Food & Beverage Corp. (formerly Blast Applications, Inc.) was
a marketer and developer of cell phone applications for Android,
iPhone®, Twitter® Facebook® and Nokia for purposes of monetizing a
web surfer's dedication to social media sites through direct
advertising programs tied to the Company's tools, applications and
website -- www.blastapplications.com. Through its acquisition of
Italian Food & Beverage Corp., a Nevada corporation, and the latter's
subsidiaries, it is now in the business of manufacturing, exporting,
importing, selling and distributing wine and various food products.
Its website is now http://ifbcorp.com/
Forward Looking Statements
This release contains "forward-looking statements" and information
provided by Italian Food & Beverage Corp. (formerly Blast
Applications, Inc.), such as online, printed documents, publications
or information available via its website. It may contain certain
forward-looking statements that involve risks, uncertainties,
assumptions and other factors, which, if they do not materialize or
prove correct, could cause the Company's results to differ materially
from historical results, or those expressed or implied by such
forward-looking statements. All statements, other than statements of
historical fact, are statements that could be deemed forward-looking
statements, including statements containing the words "planned,"
"expects," "believes," "strategy," "opportunity," "anticipates," and
similar words. These statements may also include plans, strategies
and objectives of management for future operations; any statements
regarding proposed new products, services or developments; any
statements regarding future economic conditions or performance;
statements of belief; and any statements of assumptions underlying
any of the foregoing. There can be no assurance that the negotiations
being considered by the letter of intent will be completed.
Image Available: http://www.marketwire.com/library/MwGo/2015/10/30/11
G069809/Images/Ape-121559958175.JPG
Contact info:
Italian Food & Beverage Corp.
Info@ifbcorp.com
http://www.bloomberg.com/article/2015-11-02/a...Ew6.M.html
for the Path of Peace at the Extraordinary Jubilee of Mercy -- December 8, 2015 to August 2015-11-02T14:56:43
IFBC Will Provide Food Trucks ("Ape"
for the Path of Peace at the Extraordinary Jubilee of Mercy -- December 8, 2015 to August 8, 2016
PLAINVIEW, NY -- (Marketwired) -- 11/02/15 -- Italian Food &
Beverage Corp. (OTC PINK: IFBC) (IFBC) is in the process of signing
an agreement with La Giubi srl, a company which has been chosen to
represent the project "Path of Peace" for the forthcoming
Extraordinary Jubilee of Mercy, to provide food trucks during the
upcoming Jubilee.
The Jubilee is an initiative which was presented to Pope Francis in
February 2015, and approved in April 2015, after it had been
co-financed by the Organization of the "Way of Peace" and approved by
the United Nations.
IFBC, as a partner in this project, will supply up to 100 food
trucks, known as "Ape," to provide food and drink to the many
pilgrims who will attend the celebration during the period of
December 8, 2015 to August 8th, 2016. These pilgrims, who will hail
from all parts of the world, will enjoy convenient access to our
quality food and wine from right outside the walls of the Vatican.
We have conservatively estimated the gross revenues per "Ape" to be
600 Euros per day during the entire Jubilee period. There exists the
possibility of a contract extension to a maximum of five years.
Should this extension occur,we estimate the minimum number of food
trucks "Ape" to be 20 to 30, with a maximum of 100. Revenues could
vary from 360,000 Euros per month (based on 20 food trucks) to
1,800,000 Euros per month (based on 100 food trucks).
Lorenzo Buff, IFBC's President, and Vincenzo Ventola, IFBC's CFO,
have been working on this important project for many months. Mr.
Buffi stated, "IFBC is beginning to realize the many possibilities of
the company in a very short period of time. Our hard work is
beginning to pay off and produce greater than expected results."
About Italian Food & Beverage Corp. (formerly Blast Applications,
Inc.)
Italian Food & Beverage Corp. (formerly Blast Applications, Inc.) was
a marketer and developer of cell phone applications for Android,
iPhone®, Twitter® Facebook® and Nokia for purposes of monetizing a
web surfer's dedication to social media sites through direct
advertising programs tied to the Company's tools, applications and
website -- www.blastapplications.com. Through its acquisition of
Italian Food & Beverage Corp., a Nevada corporation, and the latter's
subsidiaries, it is now in the business of manufacturing, exporting,
importing, selling and distributing wine and various food products.
Its website is now http://ifbcorp.com/
Forward Looking Statements
This release contains "forward-looking statements" and information
provided by Italian Food & Beverage Corp. (formerly Blast
Applications, Inc.), such as online, printed documents, publications
or information available via its website. It may contain certain
forward-looking statements that involve risks, uncertainties,
assumptions and other factors, which, if they do not materialize or
prove correct, could cause the Company's results to differ materially
from historical results, or those expressed or implied by such
forward-looking statements. All statements, other than statements of
historical fact, are statements that could be deemed forward-looking
statements, including statements containing the words "planned,"
"expects," "believes," "strategy," "opportunity," "anticipates," and
similar words. These statements may also include plans, strategies
and objectives of management for future operations; any statements
regarding proposed new products, services or developments; any
statements regarding future economic conditions or performance;
statements of belief; and any statements of assumptions underlying
any of the foregoing. There can be no assurance that the negotiations
being considered by the letter of intent will be completed.
Image Available: http://www.marketwire.com/library/MwGo/2015/10/30/11
G069809/Images/Ape-121559958175.JPG
Contact info:
Italian Food & Beverage Corp.
Info@ifbcorp.com
http://www.bloomberg.com/article/2015-11-02/a...Ew6.M.html
