Barfresh Expands Educational Market Leadership with Major West Coast School District Wins
January 17 2025 - 8:30AM
Barfresh Food Group Inc. (the “Company” or “Barfresh”) (Nasdaq:
BRFH), a provider of frozen, ready-to-blend and ready-to-drink
beverages, today announced multiple new customer wins on the West
Coast education market, adding more than 1,400 schools. Many of
these new school district partnerships are already actively serving
Barfresh’s portfolio of better-for-you smoothie beverages,
including its Twist & Go™ carton and bottled smoothie products,
to their student populations.
These new schools include our new partnership
with Revolution Foods, which serves approximately 900 schools and
approximately 200,000 meals a day, and is the second largest school
meal provider in California. Their meals are served during
breakfast, lunch and supper throughout California and Nevada.
Revolution Foods now serve Barfresh Twist & Go smoothies on its
breakfast menus. Barfresh product offerings support Revolution
Foods mission to serve trusted brands to their schools.
Daphne Roberts, Vice President of Menu and
Nutrition at Revolution Foods, shared, “At Revolution Foods, our
mission is to ensure every student has access to nutritious,
high-quality meals. Barfresh smoothies align perfectly with our
standards and have been a welcome addition to our K-12 menu,
gaining excitement among students. The convenient grab-and-go
format makes it easy for the 900 schools we serve across California
and Nevada to offer a delicious and nutritious breakfast to
students.”
Riccardo Delle Coste, the Company’s Chief
Executive Officer, stated, “We’re excited to announce these
significant new partnerships on the West Coast. The successful
implementation across many of these 1,400 schools reflects the
effectiveness of our expanded sales network and broader product
portfolio. With our current penetration at approximately 4.5% of
the total U.S. education market - a figure that doesn't yet include
our new Pop & Go™ product line - we see tremendous runway ahead
for continued expansion. The positive response from these new
customers reinforces the strong appeal of our better-for-you
product offerings among school nutrition professionals and students
alike, who appreciate our ability to deliver convenient, healthy
options that meet federal nutritional guidelines while providing
great taste."
About Barfresh Food Group
Barfresh Food Group Inc. (Nasdaq: BRFH) is a
developer, manufacturer and distributor of ready-to-blend and
ready-to-drink beverages, including smoothies, shakes and frappes,
primarily for the education market, foodservice industry and
restaurant chains, delivered as fully prepared individual portions
or single serving and bulk formats for on-site preparation. The
Company’s single serving, on-site prepared product utilizes a
proprietary, patented system that uses portion-controlled
pre-packaged beverage ingredients, delivering a freshly made frozen
beverage that is quick, cost efficient, better for you and without
waste. For more information, please visit www.barfresh.com.
Forward Looking Statements
Except for historical information herein,
matters set forth in this press release are forward-looking,
including statements about the Company’s commercial progress,
success of its strategic relationship(s), and projections of future
financial performance. These forward-looking statements are
identified by the use of words such as “grow”, “expand”,
“anticipate”, “intend”, “estimate”, “believe”, “expect”, “plan”,
“should”, “hypothetical”, “potential”, “forecast” and “project”,
“continue,” “could,” “may,” “predict,” and “will” and variations of
such words and similar expressions are intended to identify such
forward-looking statements. All statements, other than statements
of historical fact, included in the press release that address
activities, events or developments that the Company believes or
anticipates will or may occur in the future are forward-looking
statements. These statements are based on certain assumptions made
based on experience, expected future developments and other factors
the Company believes are appropriate under the circumstances. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company.
Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those indicated or anticipated by such
forward-looking statements. Accordingly, you are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date they are made. The contents of this
release should be considered in conjunction with the Company’s
recent filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K, Quarterly Reports on Form
10-Q and Current Reports on Form 8-K, including any warnings, risk
factors and cautionary statements contained therein. Furthermore,
the Company expressly disclaims any current intention to update
publicly any forward-looking statements after the distribution of
this release, whether as a result of new information, future
events, changes in assumptions or otherwise.
Investor RelationsJohn
MillsICR646-277-1254John.Mills@icrinc.com
Deirdre
ThomsonICR646-277-1283Deirdre.Thomson@icrinc.com
Barfresh Food (NASDAQ:BRFH)
Historical Stock Chart
From Dec 2024 to Jan 2025
Barfresh Food (NASDAQ:BRFH)
Historical Stock Chart
From Jan 2024 to Jan 2025