iFresh to Open New Store in Houston
October 24 2017 - 8:30AM
iFresh Inc. (NASDAQ:IFMK) (“iFresh” or the “Company”), a leading
Asian American grocery supermarket chain and online grocer,
announced today that it will open a new store in Houston, TX.
iFresh Houston, currently under renovation, will be 18,878
square feet in size and located at 9600 Bellaire Blvd #250,
Houston, TX, in the center of Dynasty Plaza, a popular shopping
center known locally as the new Chinatown. The area features
several restaurants, banks, and salon spas. The store is expected
to open in the summer of 2018.
“We look forward to opening our first location in the Houston
area following our planned openings in North Miami Beach, FL and
Milford, CT, later this year. Houston’s diverse community and
large, growing Asian population makes the new store a compelling
growth opportunity for iFresh,” said Mr. Long Deng, Chairman and
Chief Executive Officer of iFresh. “We are excited to bring
iFresh’s signature commitment to daily fresh produce from regional
farms at reasonable prices to Houston and are optimistic about the
potential of this new store.”
About iFresh Inc.
iFresh Inc., headquartered in New York, New York, is a leading
Asian American grocery supermarket chain and online grocer. With
nine retail supermarkets along the US eastern seaboard (with
additional stores in Glen Cove, Miami and Connecticut soon opening)
and two in-house wholesale businesses strategically located in
cities with a highly concentrated Asian population, the Company
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 perishables at competitive
prices to a growing base of customers. For more information, please
visit: http://www.ifreshmarket.com/.
Forward-Looking Statement
This announcement contains forward-looking statements.
Forward-looking statements provide our current expectations or
forecasts of future events. Forward-looking statements include
statements about our expectations, beliefs, plans, objectives,
intentions, assumptions and other statements that are not
historical facts. Words or phrases such as "anticipate," "believe,"
"continue," "estimate," "expect," "intend," "may," "ongoing,"
"plan," "potential," "predict," "project," "will" or similar words
or phrases, or the negatives of those words or phrases, may
identify forward-looking statements, but the absence of these words
does not necessarily mean that a statement is not forward-looking.
Examples of forward-looking statements in this announcement
include, but are not limited to, statements regarding our
disclosure concerning the Company's operations, cash flows,
financial position and dividend policy.
Contact:
ICR Inc.
Ms. Rose Zu
Phone: 1-347-436-8368
E-mail: rose.zu@icrinc.com
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