iFresh Donates Masks and Gloves to Frontline Workers
May 05 2020 - 01:08PM
iFresh, Inc. (“iFresh” or the “Company") (Nasdaq: IFMK), a leading
Asian American supermarket chain and online grocer, announced today
that the Company donated 20,000 face masks, 200 KN95 respirator
masks, and 1,000 pairs of gloves to local, New York City frontline
workers. Half of the face masks and all KN95 respirator masks are
FDA/CE certified and manufactured by Xiamen DL Medical Technology
Co. Ltd., (“Xiamen DL”), a 70% owned subsidiary of the Company.
Eric L. Adams, Brooklyn Borough President and 2021 New York City
mayoral candidate, along with Winnie Greco, President of Sino –
America New York Archway Association Corp., picked up the donation
supplies from the iFresh headquarter office. Adams stated, “I
cannot express my gratitude enough for iFresh’s and the Chinese
American Community’s support of our local community amid the
COVID-19 crisis. Despite President Trump’s use of the inappropriate
term ‘Chinese Virus’ that hurt countless Chinese Americans, the
Chinese American Community is still making efforts to donate
medical supplies to workers on the frontline. We applaud the
community’s efforts and admire their determination to make a
difference.”
Mr. Long Deng, Chief Executive Officer and Chairman of iFresh,
commented: “Helping our local community when and where we can has
always been our mission as the leading Asian American supermarket
chain. It is our responsibility to make New York City safe, and we
will work together as a family to do so.”
About iFresh, Inc.
iFresh Inc. (Nasdaq: IFMK), headquartered in Long Island City,
New York, is a leading Asian American grocery supermarket chain and
online grocer on the east coast of U.S. With nine retail
supermarkets along the US eastern seaboard (with additional stores
in Glen Cove, Miami and Connecticut opening soon), and two in-house
wholesale businesses strategically located in cities with a highly
concentrated Asian population, iFresh aims to satisfy the
increasing demands of Asian Americans (whose purchasing power has
been growing rapidly) for fresh and culturally unique produce,
seafood and other groceries that are not found in mainstream
supermarkets. With an in-house proprietary delivery network, online
sales channel and strong relations with farms that produce Chinese
specialty vegetables and fruits, iFresh is able to offer fresh,
high-quality specialty produce at competitive prices to a growing
base of customers. For more information, please visit:
http://www.ifreshmarket.com/.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include timing
of the proposed transactions; the business plans, objectives,
expectations and intentions of the parties once the transactions
are complete, and the Company’s estimated and future results of
operations, business strategies, competitive position, industry
environment and potential growth opportunities. These
forward-looking statements reflect the current analysis of existing
information and are subject to various risks and uncertainties. As
a result, caution must be exercised in relying on forward-looking
statements. Due to known and unknown risks, our actual results may
differ materially from our expectations or projections. All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. All information provided in this press release is as
of the date hereof. Other than as required under the securities
laws, the Company does not assume a duty to update these
forward-looking statements.
Additional information concerning these and other factors that
may impact our expectations and projections can be found in our
periodic filings with the SEC. IFMK's SEC filings are available
publicly on the SEC's website at www.sec.gov. IFMK disclaims
any obligation to update the forward-looking statements, whether as
a result of new information, future events or otherwise.
For more information, please contact:At the Company:
iFresh, Inc.
Email: herinyin@newyorkmart.com
A photo accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/5c1512ef-70c1-4105-95a8-a3831a9076a4
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