iFresh Announces Appointment of New CFO and New Director
April 02 2018 - 8:30AM
iFresh Inc. (NASDAQ:IFMK) (“iFresh” or the “Company”), a leading
Asian American grocery supermarket chain and online grocer,
announced today that the company’s stockholders elected a new
Director, Jay Walder, at its Annual Meeting of stockholders (the
“Annual Meeting”) on March 30, 2018. Immediately after the Annual
meeting, the Board of Directors appointed Adam (Xin) He as its
Chief Financial Officer. Mr. He was a Director of the Company until
the Annual Meeting, and he replaces Alfred Chung-Chieh Ying, the
Company’s former CFO.
Mr. Walder will serve on the Audit, Compensation and Nominating
Committees of the Board. Mr. Walder replaces Adam (Xin) He as a
Director.
Mr. Long Deng, Chairman and Chief Executive Officer of iFresh,
commented, “We are pleased to have Adam join us in this critical
role for iFresh, and I am confident his executive, financial and
operational experience with public companies in the industry will
greatly benefit iFresh.”
Mr. Deng added, “We are pleased to have Jay join our Board of
Directors. The experience and reputation of both Adam and Jay for
building strong teams make them great additions to our leadership
team.
“In addition, I want to thank Alfred for his meaningful
contributions to the growth and profitability of iFresh during his
service. We wish Alfred well on his future endeavors.”
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/.
Contact: Dragon Gate Investment Partners LLC Tel:
+1(646)-801-2803 Email: ifmk@dgipl.com
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