Barfresh Announces Additional Major School Wins in Midwest as Educational Customer Growth Continues
30 Janvier 2025 - 2:30PM
Barfresh Food Group Inc. (the “Company” or “Barfresh”)
(Nasdaq: BRFH), a provider of frozen, ready-to-blend and
ready-to-drink beverages, today announced multiple new customer
wins in the Midwest education market. These new school additions
represent approximately 1,300 schools across the region. Several of
these schools have already begun serving Barfresh's portfolio of
better-for-you smoothie beverages on their breakfast menus, with
additional implementations set to continue through the start of the
2025-26 school year.
A key highlight of this announced expansion is
the Company’s recent approval from AEA purchasing, a regional
educational service provider, responsible for the menu items
representing approximately 1,200 schools in the Midwest. After a
series of successful tests with the purchasing group and their
representative members (the schools, including the students at the
schools), Barfresh’s Twist & Go™ smoothies were approved for
the breakfast and a la carte menus. Initial rollout of Barfresh
smoothies has begun across several of their member schools.
Following strong early reception, the Company anticipates expanding
to additional schools within the AEA’s network during the 2025-26
school year.
Riccardo Delle Coste, the Company’s Chief
Executive Officer, stated, “The Midwest market represents a
significant opportunity in our K-12 growth strategy. Our
relationship with the school districts as well as AEA, which is the
group responsible for approving menu items, demonstrates the
effectiveness of working with regional educational service
providers to expand our reach to schools of all sizes. The strong
reception from schools currently rolling out our products validates
the demand for convenient, better-for-you beverages in the
education channel. Additionally, our new Pop & Go™ 100% Juice
Freeze Pops product line, which is currently in regional testing,
represents a significant growth opportunity as we prepare for
national rollout. This innovative product targets the lunch menu
segment, where placement volume is typically 3 to 5 times higher
than breakfast menu placement. As we continue our national
expansion, these new customer wins and product innovations further
strengthen our position in the education channel."
About Barfresh Food Group
Barfresh Food Group Inc. (Nasdaq: BRFH) is a
developer, manufacturer and distributor of ready-to-blend and
ready-to-drink beverages, including smoothies, shakes and frappes,
primarily for the education market, foodservice industry and
restaurant chains, delivered as fully prepared individual portions
or single serving and bulk formats for on-site preparation. The
Company’s single serving, on-site prepared product utilizes a
proprietary, patented system that uses portion-controlled
pre-packaged beverage ingredients, delivering a freshly made frozen
beverage that is quick, cost efficient, better for you and without
waste. 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,
including statements about the Company’s commercial progress,
success of its strategic relationship(s), and projections of 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”,
“continue,” “could,” “may,” “predict,” and “will” and variations of
such words and similar expressions are intended to identify such
forward-looking statements. 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.
Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those indicated or anticipated by such
forward-looking statements. Accordingly, you are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date they are made. The contents of this
release should be considered in conjunction with the Company’s
recent filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K, Quarterly Reports on Form
10-Q and Current Reports on Form 8-K, including any warnings, risk
factors and cautionary statements contained therein. Furthermore,
the Company expressly disclaims any current intention to update
publicly any forward-looking statements after the distribution of
this release, whether as a result of new information, future
events, changes in assumptions or otherwise.
Investor RelationsJohn
MillsICR646-277-1254John.Mills@icrinc.com
Deirdre
ThomsonICR646-277-1283Deirdre.Thomson@icrinc.com
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