Stryve Foods, Inc. (“Stryve” or “the Company”) (NASDAQ: SNAX), a
trailblazer in the protein snack industry, announces a dual
strategy aimed at amplifying growth and enhancing brand engagement.
With its primary focus on expanding the distribution footprint for
its retail brands – Stryve, Vacadillos, and Kalahari – the Company
is committed to broadening consumer engagement, driving trial, and
creating excitement for its brands through creative and effective
means. As an example of this commitment, today the Company is
announcing an exciting Bitcoin Sweepstakes.
In line with its commitment to driving
profitable growth, Stryve Foods, Inc. is thrilled to introduce a
groundbreaking Bitcoin (BTC) Sweepstakes initiative – the first of
its kind in the meat snack category – offering participants the
chance to win one of five prizes, each representing $1,000 USD
worth of the cryptocurrency, Bitcoin (subject to eligibility and
rules). This innovative campaign is intended not only to create
excitement among consumers but also to serve as a powerful driver
of trial and repeat purchase. Moreover, it underscores the
Company's dedication to delivering value not only to consumers but
also to its esteemed retail partners.
"We have been successfully expanding
distribution with our retail partners, accelerating retail sales
growth, and earning market share. We are proud to offer consumers
the best tasting, highest protein products the meat snacks category
has ever seen. Our better-for-you brands taste great, are all
natural, and do not include preservatives, in addition, nearly
every variety is sugar free," said Chris Boever, CEO of Stryve
Foods, Inc. "We are confident that as new consumers try our
products, the level of repeat purchases will be very high. Our
brands and Bitcoin are on the rise and combining them into a
sweepstakes to reward our growing and loyal consumer base reflects
our commitment to category growth. We are confident in the quality
of our brands, the consumer benefits they deliver, and how programs
like this Bitcoin Sweepstakes can drive incremental trial and
repeat ultimately supporting our growth plans and allowing us to
take meaningful steps towards sustainable profitability as we
scale."
Consumers can find the Company’s high-protein,
zero sugar, air-dried meat snack products sold under its brands,
Stryve, Vacadillos, and Kalahari, at a multitude of leading
retailers across the country, including Walmart, Albertsons, HEB,
Publix, Hy-Vee, Whole Foods, Sprouts, 7-Eleven, and Circle-K, as
well as, online at Amazon.com, and on the Company's owned websites:
stryve.com, vacadillos.com, and eatbiltong.com.
In the near future, the Company will announce
more information about the Bitcoin (BTC) Sweepstakes including the
dates, official rules, eligibility requirements, and how to
enter.
About Stryve Foods, Inc.
Stryve is a premium air-dried meat snack company
that is conquering the intersection of high protein, great taste,
and health under the brands of Braaitime, Kalahari, Stryve, and
Vacadillos. Stryve sells highly differentiated healthy snacking and
food products in order to disrupt traditional snacking and CPG
categories. Stryve’s mission is “to help Americans eat better and
live happier, better lives.” Stryve offers convenient products that
are lower in sugar and carbohydrates and higher in protein than
other snacks and foods. Stryve’s current product portfolio consists
primarily of air-dried meat snack products marketed under the
Stryve®, Kalahari®, Braaitime®, and Vacadillos® brand names. Unlike
beef jerky, Stryve’s all-natural air-dried meat snack products are
made of beef and spices, are never cooked, contain zero grams of
sugar*, and are free of monosodium glutamate (MSG), gluten,
nitrates, nitrites, and preservatives. As a result, Stryve’s
products are Keto and Paleo diet friendly. Further, based on
protein density and sugar content, Stryve believes that its
air-dried meat snack products are some of the healthiest
shelf-stable snacks available today. Stryve also markets and sells
human-grade pet treats under the brand Two Tails, made with simple,
all-natural ingredients and 100% real beef with no fillers,
preservatives, or by-products.
Stryve distributes its products in major retail
channels, primarily in North America, including grocery,
convenience store, mass merchants, and other retail outlets, as
well as directly to consumers through its ecommerce websites and
through the Amazon and Walmart platforms. For more information
about Stryve Foods, Inc., visit www.ir.stryve.com.
* All Stryve Biltong and Vacadillos products
contain zero grams of added sugar, with the exception of the
Chipotle Honey flavor of Vacadillos, which contains one gram of
sugar per serving.
Cautionary Note Regarding
Forward-Looking StatementsCertain statements made herein
are “forward-looking statements” within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may be identified by the use of
words such as “anticipate”, “may”, “will”, “would”, “could”,
“intend”, “aim”, “believe”, “anticipate”, “continue”, “target”,
“milestone”, “expect”, “estimate”, “plan”, “outlook”, “objective”,
“guidance” and “project” and other similar expressions that predict
or indicate future events or trends or that are not statements of
historical matters, including, but not limited to, statements
regarding Stryve’s plans, strategies, objectives, targets and
expected financial performance. These forward-looking statements
reflect Stryve’s current views and analysis of information
currently available. This information is, where applicable, based
on estimates, assumptions and analysis that Stryve believes, as of
the date hereof, provide a reasonable basis for the information and
statements contained herein. These forward-looking statements
involve various known and unknown risks, uncertainties and other
factors, many of which are outside the control of Stryve and its
officers, employees, agents and associates. These risks,
uncertainties, assumptions and other important factors, which could
cause actual results to differ materially from those described in
these forward-looking statements, include: (i) the inability to
achieve profitability due to commodity prices, inflation, supply
chain interruption, transportation costs and/or labor shortages;
(ii) the ability to recognize the anticipated benefits of the
Business Combination or meet financial and strategic goals, which
may be affected by, among other things, competition, supply chain
interruptions, the ability to pursue a growth strategy and manage
growth profitability, maintain relationships with customers,
suppliers and retailers and retain its management and key
employees; (iii) the risk that retailers will choose to limit or
decrease the number of retail locations in which Stryve’s products
are carried or will choose not to carry or not to continue to carry
Stryve’s products; (iv) the possibility that Stryve may be
adversely affected by other economic, business, and/or competitive
factors; (v) the effect of the COVID-19 pandemic on Stryve; (vi)
the possibility that Stryve may not achieve its financial outlook;
(vii) risks around the Company’s ability to continue as a going
concern and (viii) other risks and uncertainties described in the
Company’s public filings with the SEC. Actual results, performance
or achievements may differ materially, and potentially adversely,
from any projections and forward-looking statements and the
assumptions on which those projections and forward-looking
statements are based.
Investor Relations Contact:Investor
Relationsir@stryve.com
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