New York City, May 23, 2017 (GLOBE NEWSWIRE) --
Acquisition Allows for addition of 100 New Retailers in the Pacific Northwest.
NEW YORK, NY May 23, 2017-- Hispanica International Delights of America, Inc. (OTCQB: HISP) (“Hispanica” or the “Company”), a rapidly growing company in the beverage and snack business, today announced that it has acquired a 20% equity interest in Gypsy Crunch, LLC (“Gypsy Crunch”), a Portland, Oregon-based all natural granola snack brand company. As part of the transaction, Hispanica gains exclusive nationwide distribution of all Gypsy Crunch products as well as the option to significantly increase its stake to a controlling interest as the brand continues to grow. Hispanica will commence distribution of Gypsy Crunch products through its distribution network within the next two weeks. Currently Gypsy Crunch’s products are sold in about 100 retail stores in the Pacific Northwest such as Krogers, Fred Meyers, New Seasons and Market of Choice, among others.
Hispanica’s Chief Executive Officer, Mr. Fernando Oswaldo Leonzo said in a statement, “We are extremely excited to add to our product portfolio a fast growing brand with strong customer loyalty and distribution through prime retailers. We are confident that synergies of this transaction combined with the addition of 100 new retailers to our network of potential customers will be highly accretive as we aim to grow the sales of Gypsy Crunch products through our Direct Store Delivery operations in the San Jose and San Francisco regions. Further, we are already an approved vendor in some of the same retailers which enables us to start delivery in larger quantities immediately and to service these retailers directly.”
Mr. Oswaldo Leonzo continued, “This transaction will also enhance our management team with addition of Mr. William Anti, the founder of Gypsy Crunch. Mr. Anti brings extensive industry experience and relationships with some of the most coveted retailers in the country. We are delighted to welcome Mr. Anti into the Hispanica family and look forward to a long and successful relationship as we leverage our collective experience and resources to create value for our shareholders.”
Mr. Anti added, “I see this as a tremendous opportunity for Gypsy Crunch as well as myself to contribute to Hispanica’s future growth through expansion of its proprietary brands, channels, and relationships. I believe that with the help of Hispanica’s distribution platform we can tackle several of the biggest markets in the country on both coasts. Our immediate focus will be to significantly expand distribution of Gypsy Crunch and Hispanica’s GRAN NEVADA™ beverage brands through several national chain retailers. This is truly an exciting time to be a part of this company.”
Mr. Anti has held positions as National Merchandising Manager, Director of Brand Development and VP of Marketing at KitchenAid, a unit of Whirlpool Corporation as well as Vice President of Global Marketing for Fluidmaster, Inc.
The back orders of Gypsy Crunch from existing customers will be handled and shipped by Hispanica at the beginning of June 2017. More details of product placements and related developments will be posted on both companies’ websites as well other social media outlets.
About Gypsy Crunch, LLC.
Ever since the Gypsy Crunch, LLC (“Gypsy Crunch”) slid its first pan of all-natural goodness into the oven in a small California cottage, it never stopped searching for the perfect combinations of tasty, healthy granola ingredients. Every day, its dedicated team handcraft small batches of unique flavor combinations. Each one reflects the curious nature of the world of granola snacks. Every granola blend features a dizzying array of healthy ingredients crammed into one package. Seeds packed with nutrients. Nuts full of the healthiest fats and oils. Super foods disguised as dried fruit of all kinds. All tossed with plenty of whimsy and love. Each is a proven kid pleaser. And each is a reason Gypsy Crunch is growing a legion of granola fans has followed us with great interest as the original founders moved from California to Portland, Oregon. And what better place than Portland—land of free thinkers, tree huggers and honeybee raisers—to call home for all seven of Gypsy Crunch™ flavors. So here’s to the all-natural, almost supernatural, goodness of Gypsy Crunch™ Granolas.
For more information please visit our website at: https://gypsycrunch.com
About Hispanica International Delights of America, Inc.
Hispanic International Delights of America, Inc. (“HISP”) is a public company, founded in 2013. HISP is engaged in the distribution of proprietary, licensed and third party Hispanic and ethnic food and beverages throughout the United States. Some of HISP’s products include fruit juices, nectars, and milk based products as well as teas, carbonated drinks, dry goods, preserves, frozen foods and bakery products. The brands distributed are done so on a proprietary basis (through distribution agreements and/or exclusive licensing arrangements). These brands emulate the flavors, tastes, and traditions, which have been known for generations among the Hispanic and other ethnic groups, and are now becoming part of the American mainstream diet. HISP is also committed in building long-term relationships with its consumers by offering superior, high quality products at the most competitive prices. HISP is headquartered in New York State with distribution operations under way in the New York City Tri-State Region, the Washington, D.C. Metro Area, the Houston Metropolitan Area, and in Los Angeles and the Northern California Region.
For more information on Hispanica International Delights of America, Inc. please visit http://www.hispanicadelights.com/
SAFE HARBOR ACT
Forward-Looking Statements: This release contains statements that constitute 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, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Hispanica International Delights of America, Inc. its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements including those relating to the Company’s financing being adequate for the Company to launch its growth and expansion plans among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Hispanica International Delights of America, Inc.’s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Hispanica International Delights of America, Inc.’s filings with the Securities and Exchange Commission at www.sec.gov.
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