Barfresh Enters into Agreement with Largest Regional Sales Broker in the Southeast
13 May 2024 - 10:30PM
Barfresh Food Group Inc. (the “Company” or “Barfresh”) (Nasdaq:
BRFH), a provider of frozen, ready-to-blend and ready-to-drink
beverages, today announced an agreement with the largest regional
sales broker in the Southeast. This agreement rapidly accelerates
Barfresh’s sales reach and customer acquisition capabilities across
the Southeast as the Company will now have access to an additional
82 new sales people. Under the agreement, the sales broker will
represent Barfresh’s comprehensive portfolio of products to all its
customer segments, including the education channel and foodservice
channel across the Southeast region.
Riccardo Delle Coste, the Company’s Chief
Executive Officer, stated, “This new partnership exemplifies the
significant momentum building within our company. After navigating
through supply challenges over the past couple of years, we have
turned the corner. The major hurdles and challenges in our supply
chain are increasingly behind us. This is a significant milestone
that expands our distribution reach across the entire Southeast
region. By joining forces we gain an extensive sales team boasting
specialized teams with deep-rooted relationships in the K-12
education market, healthcare, recreation, amusement parks, quick
serve restaurants and regional chains. Their expertise and customer
knowledge ensures our suite of products penetrate all crucial
customer segments at scale. Emerging from setbacks faced during the
pandemic, this agreement is part of our concerted efforts to
re-engage and actively target all customer segments with our
complete offerings. This expansion of the Company’s sales broker
network, coupled with a growing pipeline of customer wins positions
Barfresh to achieve record revenue levels in fiscal year 2024 and
beyond.”
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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