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Posted On: 08/05/2018 10:44:48 AM
Post# of 962
APRIL 23, 2018 HIGHLIGHTS
Some highlights from 2017 include:
Establishing a regional headquarters in Dubai along with enough cold-storage and other infrastructure to support significant growth in the region
The creation of a Singapore-based Division to address opportunities in the Asian markets
The signing of a major branded product category, via the Disney-branded juice deal in the UAE and Oman
Resolution of the legacy RealBiz lawsuits
Expanding operations to cover the four key sales categories in our business -- wholesale, van, retail and HORECA (hotel, restaurant, & cafeteria)
For investors, May (JULY) of 2018 should be considered the symbolic restart for Verus in conjunction with the expected spin-off, which will be followed closely by a name (and symbol change) from RealBiz Media Group to Verus Foods.
Thus far in 2018, the following highlights are worth noting:
Our cost structure improved, due to shifting part of our financial structure to our Dubai entity
The Company continues to receive interest from additional suppliers and brands that have a desire to begin shipping into Middle Eastern and North African markets
Verus Foods enters 2018 with an achievable backlog of $109M, without counting additional traction from existing customers
Some highlights from 2017 include:
Establishing a regional headquarters in Dubai along with enough cold-storage and other infrastructure to support significant growth in the region
The creation of a Singapore-based Division to address opportunities in the Asian markets
The signing of a major branded product category, via the Disney-branded juice deal in the UAE and Oman
Resolution of the legacy RealBiz lawsuits
Expanding operations to cover the four key sales categories in our business -- wholesale, van, retail and HORECA (hotel, restaurant, & cafeteria)
For investors, May (JULY) of 2018 should be considered the symbolic restart for Verus in conjunction with the expected spin-off, which will be followed closely by a name (and symbol change) from RealBiz Media Group to Verus Foods.
Thus far in 2018, the following highlights are worth noting:
Our cost structure improved, due to shifting part of our financial structure to our Dubai entity
The Company continues to receive interest from additional suppliers and brands that have a desire to begin shipping into Middle Eastern and North African markets
Verus Foods enters 2018 with an achievable backlog of $109M, without counting additional traction from existing customers
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