MamaMancini's Comments on Amazon proposed Acquisition of Whole Foods
June 16 2017 - 12:42PM
Marketwired
MamaMancini's Comments on Amazon proposed Acquisition of Whole
Foods
EAST RUTHERFORD, NJ-(Marketwired - Jun 16, 2017) - Carl Wolf,
chairman and chief executive officer of MamaMancini's Holdings,
Inc. (the "Company" or "MamaMancini's") (OTCQB: MMMB), a marketer
of specialty pre-prepared, frozen and refrigerated all natural food
products (as defined by the United States Department of
Agriculture), commented today on the proposed acquisition of Whole
Foods by Amazon.
"The proposed Amazon purchase of Whole Foods augurs well for the
trend of healthier, nutritious, and good tasting fresh foods in the
perimeter of the supermarket," commented Mr. Wolf. "The purchase
reflects the accelerating lifestyle trend of millions of American
consumers purchasing prepared foods with a superior nutritional
profile that require minimal preparation times. We believe this
combination of retail presence to products such as ours, could have
a very beneficial impact on MamaMancini's future growth. The
acquisition of Whole Foods increases Amazon's ability to
efficiently deliver perishable foods within hours of purchase.
Recent surveys indicate that up to 70% of consumers decide on their
dinner meal after 12 pm. This will make the availability of high
quality, perishable products - such as those of MamaMancini's - a
key buying decision for consumers."
About MamaMancini's 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, original beef and turkey
meatloaves and bacon gorgonzola beef meatloaf, and other similar
Italian cuisine products. The Company's sales have been growing on
a consistent basis as the Company expands its distribution channel,
which includes major retailers such as Costco, Publix, Shop Rite,
Price Chopper, Jewel, SaveMarts, Luckys, Lunds/Byerly's, SuperValu,
Safeway, Albertsons, Spartan Stores, Bashas, Whole Foods, Shaw's
Supermarkets, Kings, Roche Brothers, Key Foods, Stop-n-Shop, Giant
Stores, Giant Eagle, Food Town, Randalls, Kroger, Shoppers, Marsh's
Supermarkets, King Kullen, Lowes Stores, Central Markets, Weis
Markets, Ingles, and The Fresh Market.
Forward Looking Statements 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, 2016 and other filings made by the
Company with the Securities and Exchange Commission.
Contact: Carl Wolf Chairman and CEO MamaMancini's Holdings, Inc.
Stock Symbol: MMMB 973-985-0280 www.mamamancinis.com
carl@mamamancinis.com