NetworkNewsBreaks – Home Bistro Inc. (OTC: HBIS)
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Home Bistro Inc. (OTC: HBIS), a leading online meal-delivery platform that offers celebrity chef-inspired, gourmet and lifestyle ready-made meals, has unveiled its first subscription-based offering; the subscription plan features the company’s Model Meals band and includes three meals — breakfast, lunch and dinner — for up to five days a week. The option will be available initially in the southern California area, where the Model Meals line has a loyal following and where HBIS has a food-production facility. “We are excited to finally execute on a long-term strategic objective by establishing a subscription-based meal platform,” said Home Bistro CEO Zalmi Duchman in the press release. “We believe the Model Meals lifestyle brand is optimal for establishing a sticky, recurring revenue model which provides for a seamless customer experience and a substantially increased customer lifetime value. This also gives us an opportunity to explore the subscription model with other components of our business.”
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