Company added several new accounts for its MLB branded ice cream products
Company expecting strong revenue growth for FY19
SANTA MONICA, Calif., Oct. 24, 2018 /PRNewswire/ -- BoxScore Brands, Inc., (BOXS), a consumer products and technology company that develops, distributes, and retails specialty foods across North America today announced a corporate update to shareholders.
Mr. David Graber, CEO of BoxScore™ Brands, Inc., commented, "A lot of positive catalysts have occurred at BoxScore Brands in 2018 and we are happy to update investors as we recently filed our SEC filings that were in arrears due to the illness of our former staff CPA. In 2018, we have worked diligently to lay the ground work for launching our MLB-branded ice cream products, which shipped to customers in June 2018. The product is now for sale in the Southern California, Dallas, Houston, San Antonio, New York and Boston markets. While this is an accomplishment, we are currently focused on securing new accounts and product fulfillment options nationwide. We have begun to ship product and have opened several new key accounts, specifically, C-store chains as well as US military bases and most recently 7-ELEVEn stores in Southern California and the New York Markets."
Mr. Graber continued, "I'd like to highlight in the recently filed financials that we were able to report a gain in the second quarter through the reversal of a former obligation. On the technology side of the business, we have launched V.1 of the BoxScore Brands App "BoxScore Exchange", which is available on the Apple App Store and for Android phones and tablets. We believe having these specialty marketing capabilities will assist us in pursuing return consumers for our branded ice cream products, but also provide key analytics as well as longer-term engagement with the end users of our products."
In the New York Metropolitan market, BoxScore Brands is opening in many 7-ELEVEn stores with Marina Ice Cream. Michael Barone, Marina's owner commented, "Marina Ice Cream has a 35-year history distributing top global brands throughout the greater New York City and Long Island markets. We are proud to have been selected as a distribution partner for BoxScore Brands, Inc. New Yorker's love baseball, ice cream and most importantly the New York Yankees and New York Mets. BoxScore's premium ice cream products with a collectible team bat and app are exactly what fans are looking for in a modern world. Marina Ice Cream began selling into select 7-ELEVEn stores we serve in Long Island, Queens, the Bronx and Brooklyn recently, just in time for the MLB postseason!"
Interested store owners in New York can request BoxScore products by calling Marina at 631-884-1357.
Mr. Graber concluded, "While the completion of our filings took longer than anticipated, the company's operations continued to move forward on several fronts. We are pleased to have Wells Compliance in Los Angeles supporting our quarterly reporting. Due to new accounts and initiatives, we expect to enter fiscal 2019 on a strong note and anticipate revenue growth over prior year periods. We believe that we have a very bright future ahead of us and are extremely excited about the possibilities that lie ahead and anticipate additional news events in the coming weeks."
ABOUT BOXSCORE™ BRANDS, INC.
BoxScore™ Brands, Inc., headquartered in Orange, CA, and with offices in Orange, CA and Las Vegas, NV, is a a consumer products and technology company that develops, distributes, and retails specialty foods across North America. For more information visit www.boxscore.com or call (855) 55-UVEND.
For more information, contact:
BoxScore™ Brands, Inc. Corporate Office
Tel: (855) 55-UVEND
BoxScore™ Brands, Inc. Sales & Marketing
Tel: (855) 55-UVEND, ext. 4
BoxScore™ Brands, Inc. Investor Relations
Tel: (855) 55-UVEND, ext. 3
Adam Lowensteiner or Robert Blum
646-829-9700 – New York
602-889-9700 - Phoenix
FORWARD LOOKING STATEMENTS
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to market acceptance for the Company's products and services, its ability to succeed in increasing revenues in the near term to attain profitable operations and generate sufficient cash flow from operations, the effect of new competitors in its markets, its integration of acquired businesses, and other risk factors identified from time to time in its filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and current reports on Form 8-K which are available at the SEC's website www.sec.gov. Other factors not currently anticipated may also materially and adversely affect BoxScore™ Brand's results of operations, financial position, and cash flows. There can be no assurance that future results will meet expectations. While the Company believes that the forward-looking statements in this news release are reasonable, the reader should not place undue reliance on any forward-looking statement. In addition, these statements speak only as of the date made. The Company does not undertake, and expressly disclaims any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.