New Agreement Expands Product Offerings Across 47 serving Locations to Address Higher Demand
17 New locations will be added and serving product for the beginning of the upcoming school year
BEVERLY HILLS, Calif., Aug. 02, 2018 (GLOBE NEWSWIRE) -- Barfresh Food Group, Inc. (OTCQB: BRFH), a manufacturer of frozen, ready-to-blend beverages, today announced that it has expanded its relationship with Pasco County School District in greater Tampa, Florida. The Company amended its original August 2017 agreement to add 17 more locations for a total of 47 locations and a 5-year term. Additionally, Barfresh is expanding its product offerings to the District to include its 100% fruit smoothie, which addresses demand for an all-fruit product that also satisfies requirements set forth by the USDA guidelines under its Child Nutrition Program, allowing schools to seek reimbursement for meals served.
Barfresh announced in June of 2018 that it reached agreements representing 200 school locations across multiple states and expects to realize many additional placements in conjunction with the start of the upcoming school year this fall 2018. The Company continues to receive positive responses from school administrators, similar to its experience in Pasco County, and believes its unique product offering, specialized programs, national distribution footprint and strategic partnerships ensure it is effectively targeting the United States’ nearly 14,000 public school districts, which represent over 98,000 schools.
Riccardo Delle Coste, the Company's CEO stated, "The expanded agreement with Pasco County School District is a great example of what is happening around the country that gives us confidence as we target all 14,000 public school districts throughout the United States. Based on our success during the past year with Pasco, our new agreement includes; (1) Increasing the number of product offerings across all 47 serving locations, (2) expanding the number of locations being served, and (3) extending the term of the contract to 5 years!”
Stephanie Spicknall, RD, LD, Food & Nutrition Services Program Manager of Pasco County Schools, commented, “We are thrilled to be expanding the smoothie program with Barfresh! What an exciting opportunity to provide students a clean label product that exceeds expectations for taste! Our Gen Z customers are looking for clean, convenient eating which is exactly what Barfresh is able to provide. The versatility of the products, offered in either dairy or non-dairy, keeps students interested all school year long! In addition, we are proud to offer a fresh, quality product to students who otherwise may never have access if not through the National School Breakfast and Lunch Program.”
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, 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.
Contact
John Mills
ICR
646-277-1254
John.Mills@icrinc.com
Jeff Sonnek
ICR
646-277-1263
Jeff.Sonnek@icrinc.com