DENVER, June 4, 2012 (GLOBE NEWSWIRE) -- Barfresh Food Group Inc. (OTCBB:BRFH) ("Barfresh Food Group" or the "Company"), a manufacturer and distributor of unique ready to blend beverages, is pleased to announce the following update:
On May 29th we announced that we were testing our production line. We are pleased to now announce that we are producing products that will be used as samples for potential customers.
The next step in our sales cycle will be to set up test programs with customers. We have been in discussions with a number of companies including both large and small quick service restaurant chains with national footprints in the United States. Other potential customers include national food services companies that serve alternative venues such as stadiums, arenas and universities. In addition, as a result of having our website up and running we have received a significant number of new inquiries about our products.
There are no assurances that we will enter into agreements with any of the interested parties.
Barfresh Food Group's CEO, Riccardo Delle Coste, was quoted as saying, "The process for developing relationships with large companies is lengthy. While we've only been a public company since early 2012, we've been actively showing our products in this market for over one year. The funds we raised early this year allowed us to set up our first manufacturing line, and we're now very close to starting test programs."
To learn more about the company's operations, please visit the following web site:
Further details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information please visit: www.smoothieinc.com or www.barfresh.com/us.
About Barfresh Food Group Inc.
Barfresh Food Group, Inc. is a manufacturer and distributor of ready to blend beverages. The Company utilizes a proprietary patent pending system, using controlled pre-packaged portions, to deliver a freshly made smoothie that's quick, cost efficient and with no waste. Barfresh Food Group, Inc. acquired the exclusive North American rights of the technology to manufacture a "sealed pack of ingredients for an individual smoothie". Barfresh Food Group Pty Ltd ("Barfresh Australia") began manufacturing and selling the products, Smoo Smoothies®, in 2005. Barfresh Australia currently provides the smoothie packs to a number of chains (including two major international chains) in Australia and a number of other countries.
Barfresh Food Group, Inc. intends to follow a similar business model in the U.S. as that of Barfresh Australia. The Company intends to sell ready-to-blend all natural beverages primarily to restaurant chains in the fast food and fast casual dining sector. In addition, Barfresh Food Group, Inc. intends to target the retail consumer market, including grocery stores and other retail outlets.
Forward Looking Statement Notice:
This press release includes "forward-looking statements" as defined by the U.S. Securities and Exchange Commission (the "SEC"). 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 SEC, including its Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Furthermore, the Company does not intend, and is not obligated, to update publicly any forward-looking statements, except as required by law.
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