Barfresh Expands Canadian Market with Sales Throug
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BEVERLY HILLS, Calif., Sept. 28, 2017 (GLOBE NEWSWIRE) -- Barfresh Food Group, Inc. (OTCQB:BRFH), a manufacturer of frozen, ready-to-blend beverages, today provided an update on its account growth in the Canadian market. The Company has signed a contract to implement and start selling its products at 22 dining solutions locations throughout Canada. The Canadian third party foodservice operator also manages 115 client locations, and serves approximately 250,000 customers daily. These new placements through this foodservice operator consists of 10 secondary and high schools, seven business & industry accounts, two healthcare accounts, two universities and one military installation for the Canadian armed forces.
Riccardo Delle Coste, the Company's CEO stated, "Our relationship with one of Canada’s leading foodservice brokers has enabled us to quickly penetrate a variety of accounts and demonstrate our value proposition to several of the leading third party foodservice operators in eastern Canada. Combined with our distribution capabilities in the region, we are in a perfect position to execute on these new accounts while continuing our efforts to formalize several other large national accounts that have been testing. Our team remains focused on delivering a meaningful acceleration in revenues and look forward to communicating additional wins as additional contracts are signed.”
About Barfresh Food Group
Barfresh Food Group, Inc. (OTCQB:BRFH) is a developer, manufacturer and distributor of ready-to-blend beverages, including smoothies, shakes and frappes, primarily for restaurant chains and the foodservice industry. The company's proprietary, patented system uses portion-controlled pre-packaged beverage ingredients that deliver freshly made frozen beverages that are quick, cost efficient, better for you and without waste. Barfresh has an exclusive distribution partnership with the leading food distributor in North America. For more information, please visit www.barfresh.com .
Forward Looking Statements
Except for historical information herein, matters set forth in this press release are forward-looking within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements about the Company's commercial progress and future financial performance. These forward-looking statements are identified by the use of words such as "grow", "expand", "anticipate", "intend", "estimate", "believe", "expect", "plan", "should", "hypothetical", "potential", "forecast" and "project", among others. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the Company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company and may not materialize. Investors are cautioned that any such statements are not guarantees of future performance. The contents of this release should be considered in conjunction with the warnings, risk factors and cautionary statements contained in the Company's recent filings with the Securities and Exchange Commission, including its Annual Report on Form 10K and Quarterly Report on Form 10Q. Furthermore, the Company does not intend, and is not obligated, to update publicly any forward-looking statements, except as required by law.
Contact John Mills ICR 646-277-1254 John.Mills@icrinc.com
Jeff Sonnek ICR 646-277-1263 Jeff.Sonnek@icrinc.com
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