Expects to Announce Additional Locations in January 2019
60 Locations Now Installed and Pouring Product for the Armed Forces throughout the United States
BEVERLY HILLS, Calif., Dec. 04, 2018 (GLOBE NEWSWIRE) -- Barfresh Food Group, Inc. (BRFH), a manufacturer of frozen, ready-to-blend beverages, today announced that it has exceeded its previous expansion forecast across multiple branches of the military, and now has agreements for 75 locations for serving multiple product offerings in dining facilities throughout the United States and expects to be pouring in all 75 locations by the end of December 2018.
Barfresh is well positioned to continue expanding its reach well beyond the 75 dining facilities announced today and expects to announce additional locations in January 2019. The Company’s smoothies will be available in military foodservice programs supporting dining facilities and its solutions for all meal periods are designed to support a large number of personnel in a short period of time.
The Company is actively pursuing engagement with all U.S. military facilities and expects to gain significantly greater penetration in 2019 across the United States’ 800 bases, which serve 1.3 million active troops. In addition, the Company is pursuing international military locations in 2019.
Riccardo Delle Coste, the Company's CEO stated, "Based on our successful launch in 2018, we are aggressively expanding our reach within this large channel. In a very short period of time, we have increased our contracted locations to over 75 signed dining facilities throughout the United States. There are many reasons our company is expanding in multiple channels including the very positive feedback we receive on our great tasting better for you smoothie that is a perfect fit for the high volume military dining facilities as well as schools, restaurants, and business facilities. We look forward to communicating additional placements in the coming months.”
About Barfresh Food Group
Barfresh Food Group, Inc. (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, patented 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. 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.