Barfresh Highlights Many New Wins With its Smoothies in the Education Channel
27 April 2024 - 12:06AM
Barfresh Food Group Inc. (the “Company” or “Barfresh”) (Nasdaq:
BRFH), a provider of frozen, ready-to-blend and ready-to-drink
beverages, has continued to expand its presence within the
education channel and announced today a number of recent large wins
within the education channel. The Company recently
secured seven school co-operatives, serving over 2,200 school
locations and approximately 1.5 million students. These new school
locations will serve a variety of the Company’s products, including
its carton and bottle smoothie products, 5:1 100% juice
concentrates and 1:1 bulk easy pour smoothie concentrates.
Riccardo Delle Coste, the Company’s Chief
Executive Officer, stated, “We are thrilled to announce a number of
significant new customer wins within our education channel. This
success is driven by our strategic initiatives to expand our
national sales broker coverage, increase production capacity for
our in-demand carton product and the re-introduction of our 100%
juice concentrates. These new 2,200 school locations will offer a
variety of our products, cementing how important it is for us to
offer a diverse lineup of quality, nutritious products to fit the
varying needs across the education channel. We are excited to
expand our product line with upcoming new smoothie offerings,
including a new Tropical Smoothie flavor for Twist & Go, which
we expect to release in the fall of this year. Our ability to land
these important new accounts underscores the strength of our sales
network, the appeal of our products and the bright future ahead as
we continue executing on our growth plans.”
About Barfresh Food Group
Barfresh Food Group Inc. (Nasdaq: BRFH) is a
developer, manufacturer and distributor of ready-to-blend and
ready-to-drink beverages, including smoothies, shakes and frappes,
primarily for the education market, foodservice industry and
restaurant chains, delivered as fully prepared individual portions
or single serving and bulk formats for on-site preparation. The
Company’s single serving, on-site prepared product utilizes a
proprietary, patented system that uses portion-controlled
pre-packaged beverage ingredients, delivering a freshly made frozen
beverage that is quick, cost efficient, better for you and without
waste. For more information, please visit www.barfresh.com.
Forward Looking
StatementsExcept for historical information herein,
matters set forth in this press release are forward-looking,
including statements about the Company’s commercial progress,
success of its strategic relationship(s), and projections of 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”,
“continue,” “could,” “may,” “predict,” and “will” and variations of
such words and similar expressions are intended to identify such
forward-looking statements. 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.
Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those indicated or anticipated by such
forward-looking statements. Accordingly, you are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date they are made. The contents of this
release should be considered in conjunction with the Company’s
recent filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K, Quarterly Reports on Form
10-Q and Current Reports on Form 8-K, including any warnings, risk
factors and cautionary statements contained therein. Furthermore,
the Company expressly disclaims any current intention to update
publicly any forward-looking statements after the distribution of
this release, whether as a result of new information, future
events, changes in assumptions or otherwise.
Investor RelationsJohn
MillsICR646-277-1254John.Mills@icrinc.com
Deirdre
ThomsonICR646-277-1283Deirdre.Thomson@icrinc.com
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