BEVERLY HILLS, Calif., Feb. 03, 2016 (GLOBE NEWSWIRE) -- Barfresh Food Group, Inc. (OTCQB:BRFH), a manufacturer of frozen, ready-to-blend beverages is excited to announce that it has signed an agreement that secures additional production capacity ahead of expected dramatic sales growth in 2016 through nationally recognized accounts. Barfresh can ramp up to an incremental production capacity of 100 million units through Schulze and Burch’s subsidiary, Yarnell Operations, LLC. which is strategically located in Arkansas. Yarnell’s capacity is in addition to the company’s existing 14 million units of capacity through its contract manufacturing facility in Salt Lake City, Utah.
The addition of Yarnell’s will enable the company to ramp up to in excess of $100 million of revenue. Also, Yarnell’s location enhances the company’s ability to efficiently move product through the supply chain to destinations in the eastern United States, home to many of the country’s large foodservice outlets.
Riccardo Delle Coste, the Company’s CEO stated, “We are thrilled about this important partnership with a leader in contract manufacturing. Their experience and resources are best in class and are perfect to support our expected rapid growth. This multi-year contract allows Barfresh the scalability to supply large national accounts currently in our pipeline. In addition, diversifying our manufacturing base brings added stability to our product sourcing, and reduces shipping time and costs, thereby increasing our margins.”
“We are very excited about partnering with Barfresh and are aggressively investing in our infrastructure in order to meet customer demand. Barfresh’s product offering is truly unique and we are thrilled to work with them as they are on the cusp of significant growth,” stated Kevin Boyle, CEO and President of Schulze and Burch.
About Schulze & Burch
Schulze & Burch is a privately held manufacturer of quality wholesome snacks with more than 90 years of experience in food manufacturing, and more than 50 years of experience in private label and contract manufacturing. Their quality and food safety systems match the strictest of global standards and are independently verified.
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, U.S. patent-pending 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. PepsiCo North America Beverages, a division of PepsiCo, Inc., is the exclusive sales representative in North America within the food service channel for Barfresh's full line of beverages. 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