iFresh Announces the Cancellation of Special Meeting of Shareholders
September 17 2020 - 7:00PM
iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading
Asian American grocery supermarket chain and online grocer, today
announced that its Board of Directors has determined to cancel the
special meeting of its shareholders scheduled for September 18,
2020 at which the Company had been intending to seek approvals by
the shareholders of the Series A Share Exchange Proposal, the
Series B Share Exchange proposal, the Nasdaq Proposal, and the
Adjournment Proposal. A new meeting date for the re-scheduled
shareholders’ meeting will be announced by the Company in the near
future.
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 one in-house
wholesale business 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/.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains within the meaning of the Private
Securities Litigation Reform Act of 1995. These 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
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