OMID Holdings, Inc. Secures Exclusive Manufacturing Partnership With Large Hemp Brand

Alpha, NJ -- October 29, 2020 -- InvestorsHub NewsWire -- OMID Holdings, Inc. (OTC Pink: OMID), a publicly-traded health and wellness company, today reports the execution of an exclusive manufacturing agreement with an existing private label customer. The one-year exclusivity agreement modifies and extends the Manufacturing Agreement executed in April, earlier this year, until October 31, 2021.

“Through this agreement, which provides exclusivity to manufacture certain products, we have solidified our existing relationship and taken steps in preparation for further expansion of business with one of our most promising customers” stated Adam Frank, OMID’s chairman and CEO. “The quality, integrity, and value delivered by the OMID Manufacturing team has made it possible to secure this opportunity. Our customer has an existing presence in over 1000 stores and an expectation to quickly expand into over 10,000 stores. I look forward to the continued evolution and growth of OMID Manufacturing for the benefit of OMID shareholders.”

About OMID Holdings, Inc.
OMID Holdings, Inc. is a publicly-traded (OTC Pink: OMID) health and wellness company which owns and operates a manufacturing facility in Alpha, New Jersey. The headquarters is FDA-registered and Food Grade Certified for production within its clean room environment. The company is currently focused on the development, manufacture, and sale of hemp-based products for private label and in-house brands. For more information about the company, please visit https://omidholdingsinc.com/.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.