BEVERLY HILLS, Calif., July 06, 2016 (GLOBE NEWSWIRE) -- Barfresh Food Group, Inc. (OTCQB:BRFH), a manufacturer of frozen, ready-to-blend beverages, today announced that after a successful in-market test, one of the nation’s largest foodservice management companies that operates on-site foodservice locations on behalf of its clients has signed a supply agreement with Barfresh. Our agreement makes Barfresh’s suite of blended beverages available across the customer’s diverse customer base in its Education, Healthcare, Sports & Entertainment, and Business & Government channels in the US and Canada, representing over 2,000 customer accounts. This agreement consists of a multi-year contract and also includes the deployment of Barfresh branded merchandising including menu boards and signage.
Riccardo Delle Coste, the Company's CEO stated, "we are proud to be supplying this major foodservice contractor given its long history of leadership and innovation within the global foodservice industry. This agreement is a natural next step for us following the successful test where we demonstrated how the ease and consistency of Barfresh products could drive incremental sales and profits. Barfresh is working with PepsiCo and our customer’s management team to finalize a roll-out strategy, with an initial focus on higher volume locations. This agreement is a great example of how important our supply chain infrastructure is in building trust with potential customers, particularly customers of this size. Moreover, these markets are a perfect match with Barfresh’s position as a better-for-you beverage and will help broaden their customer’s offerings to ensure they are meeting the demands of today’s consumer.”
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