LISHUI, China, May 26, 2022
/PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company")
(NASDAQ: FAMI), an agricultural products supplier in China, announced today it has become a member
of the influential National Restaurant Association (the
"Association").
Founded in 1919 and headquartered in Washington, D.C., the National Restaurant
Association is the leading business association for the restaurant
industry, which comprises nearly 1 million restaurant and
foodservice outlets and a workforce of 14.5 million employees.
Together with 52 State Associations, the National Restaurant
Association is a network of professional organizations dedicated to
serving every restaurant through advocacy, education, and food
safety. The Association sponsors the industry's largest trade show
the National Restaurant Association Show, leads the food safety
training and certification program ServSafe and the unique
career-building high school program the NRAEF's ProStart.
Ms. Yefang Zhang, Farmmi's
Chairwoman and CEO, commented, "We are very excited to become a
member of the powerful National Restaurant Association. We are one
of the few members with major operations in China and this adds another tool to our
toolbox, and gives us even higher market credibility. The synergies
with our business are incredibly compelling, with restaurants and
foodservice outlets in the U.S. seeking high quality agriculture
products. As a new member, Farmmi's products will now be even more
accessible and we will have much wider market opportunities. We
expect to dramatically multiply the number of qualified potential
customers we have access to, including active buyers of organic
food stuffs and ingredients by export to the U.S. Our team is
already engaged and just spent 3 days at the 2022 National
Restaurant Association trade show, which is known for bringing
together more restaurant and hospitality buyers and equipment
manufacturers than any other industry event."
"In addition, as part of our long-term strategy, we are
committed to helping thousands of famers in China to improve their practices, including
the reduction of pesticides, in order to improve consumer health
and the planet. We will do this by working alongside famers to
implement protocols and to produce according to the U.S. FDA's most
stringent food quality standards so that U.S.-based restaurants
will accept their food supplies. We are also considering building
out production in the U.S. where there are competitive advantages
in agriculture production and in marketing to other National
Restaurant Association members. There are a lot of opportunities in
front of us and we are already talking with potential supply
partners in the U.S. and Canada."
About Farmmi, Inc.
Established in 1998, Farmmi Inc. (NASDAQ: FAMI) is an
agricultural products supplier, processor and retailer of edible
mushrooms like Shiitake and Mu Er, as well as other agricultural
products. In addition to its offline sales, Farmmi sells its
products direct-to-consumer at http://www.farmmi88.com. For further
information about the Company, please
visit: http://ir.farmmi.com.cn/.
Forward-Looking Statements
No statement made in this press release should be interpreted as
an offer to purchase or sell any security. Such an offer can only
be made in accordance with the Securities Act of 1933, as amended,
and applicable state securities laws. Certain statements in this
press release concerning our future growth prospects are
forward-looking statements regarding our future business
expectations and intended to qualify for the "safe harbor" under
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve a number of risks and
uncertainties that could cause actual results to differ materially
from those in such forward-looking statements. The risks and
uncertainties relating to these statements include, but are not
limited to, risks and uncertainties regarding lingering effects of
the Covid-19 pandemic on our customer's businesses and our end
purchaser's disposable income, our ability to raise capital on any
particular terms, fulfillment of customer orders, fluctuations in
earnings, fluctuations in foreign exchange rates, our ability to
manage growth, our ability to realize revenue from expanded
operation and acquired assets in China, our ability to attract and retain
skilled professionals, client concentration, industry segment
concentration, and general economic conditions affecting our
industry. Additional risks that could affect our future operating
results are more fully described in our United States Securities
and Exchange Commission filings. These filings are available at
www.sec.gov. Farmmi may, from time to time, make additional written
and oral forward-looking statements, including statements contained
in the Company's filings with the Securities and Exchange
Commission and our reports to shareholders. In addition, please
note that any forward-looking statements contained herein are based
on assumptions that we believe to be reasonable as of the date of
this press release. The Company does not undertake to update any
forward-looking statements that may be made from time to time by or
on behalf of the Company unless it is required by law.
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SOURCE Farmmi, Inc.