EAST RUTHERFORD, N.J, April 22, 2019 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (MMMB), a manufacturer and marketer of specialty pre-prepared, frozen and refrigerated all-natural food products (as defined by the United States Department of Agriculture), today announced it has commenced shipping a total of nine new SKUs to new customers including BJ's Club Stores, Walmart and Ahold principally near the end of the first quarter of fiscal 2020 (April 30, 2019).
The new shipments are expected to result in additional sales in the second and third quarter of the fiscal year. The items include prepared meals entrees, pasta bowls and retail packages which are sold in the fresh prepared foods or the deli departments of these retailers. The new items represent more than a 10% increase in distribution points for MamaMancini’s at the end of the second quarter. The Company believes that the new products have the potential to expand into broader retail location distribution within these retail chains during the year.
Carl Wolf, chairman and CEO of MamaMancini’s, said, “We are off to a good start in fiscal 2020. We are pleased to add a number of important new products and customers with expansive retail store locations. We believe that second and third quarter revenue will benefit from the delivery of the new products and will set the stage for a strong finish to fiscal 2020.”
MamaMancini's is a marketer and distributor of a line of beef meatballs, turkey meatballs, and chicken meatballs all with sauce, five cheese stuffed beef, turkey and chicken meatballs all with sauce, and original beef and turkey meat loaves products. In addition, the Company sells Chicken Parmesan, Stuffed Pepper Mix, Sausage n Peppers, Sunday Dinner and Chicken Alfredo. The Company's sales have been growing on a consistent basis as the Company expands its distribution channels, which includes major retailers such as Publix, Shop Rite, Jewel, Lunds and Byerlys, SUPERVALU, Safeway, Albertsons, Whole Foods Market, Shaw's, Kings, Roche Bros., Key Foods, Stop & Shop, Giant, Giant Eagle, Foodtown, Sam's Club, Costco, Pavillion Stores, HEB, Rouses, Hannaford, Kroger, Shoppers, Marsh, King Kullen, Central Markets, Weis Markets, Ingles, and The Fresh Market. The Company sells to distributors such as Sysco, AWI, UNFI, SUPERVALU, Kehe, Burris Logistics and C&S Wholesale Grocers. In addition, the Company sells a wide variety of its products through QVC, the world's largest direct to consumer marketer, via on air presentations, auto ship programs, and direct purchases through the internet.
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's 10-K for the fiscal year ended January 31, 2017 and other filings made by the Company with the Securities and Exchange Commission.
Chairman and CEO
MamaMancini’s Holdings, Inc.
Stock Symbol: MMMB