UPDATE - iFresh Announces Engagement with Western Union, to Provide a Fast and Easy Payment Solution
January 18 2018 - 8:30AM
iFresh Inc. (NASDAQ:IFMK), a leading Asian American grocery
supermarket chain and online grocer, announced today that it
engaged Western Union Company, a leader in global payment and money
transfer services.
Once services are activated, iFresh locations will provide
Western Union™ services, including Money Transfer, Money Order, and
Bill Payments.
Chairman and Chief Executive Officer of iFresh, Mr. Long Deng
commented, “By working with Western Union to provide global payment
services, iFresh is continuing to engage the local community by
providing a fast and easy payment solution for customers, allowing
them to send money in the United States and overseas to more than
200 countries and territories.”
“At Western Union, we continue to connect the dots across the
world as we link reputable brands, popular with our money transfer
customers, to our global agent network in more than 200 countries
and territories,” said Rocco Pilla, Regional Vice President,
Western Union.
“We want to make it convenient for consumers to move money
wherever and whenever they need to. Our collaboration with iFresh
supports our network expansion strategy of operating in the
communities in which our customers live and work,” Rocco Pilla
said.
About iFresh Inc. iFresh Inc.,
headquartered in Long Island City, 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 opening soon), two
in-house wholesale businesses strategically located in cities with
a highly concentrated Asian population, and six iFresh-managed
stores, 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/.
About Western Union The Western Union Company
(NYSE:WU) is a leader in global payment services. Together with its
Vigo, Orlandi Valuta, Pago Facil and Western Union Business
Solutions branded payment services, Western Union provides
consumers and businesses with fast, reliable and convenient ways to
send and receive money around the world, to send payments and to
purchase money orders. As of September 30, 2017, the Western Union,
Vigo and Orlandi Valuta branded services were offered through a
combined network of over 550,000 agent locations in 200 countries
and territories and over 150,000 ATMs and kiosks, and included the
capability to send money to billions of accounts. In 2016, The
Western Union Company completed 268 million consumer-to-consumer
transactions worldwide, moving $80 billion of principal between
consumers, and 523 million business payments. For more information,
visit www.westernunion.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:
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: ifmk@dgipl.com
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