BONITA SPRINGS, Fla., Oct. 23, 2024 (GLOBE NEWSWIRE) — Revolutionary Meals Holdings, Inc. (OTCQB: IVFH) (IVFH or the Firm), a nationwide vendor of gourmand specialty meals to skilled cooks, introduced immediately the cargo of its largest buy order in firm historical past by its newly established partnership with a high 10 U.S. retailer.
This milestone order totaled $676,000 of gourmand cheese. This order represented an acceleration of roughly twenty occasions in comparison with our cheese manufacturing charges of solely two weeks prior. The dimensions and complexity of this order spotlight the energy of IVFH’s operational capabilities and its dedication to delivering premium merchandise at scale. To fulfill the calls for of this partnership, IVFH just lately put in 4 new high-efficiency packaging machines. This marks a big enlargement of the Firm’s operational infrastructure.
Outlook for This fall and Past
As IVFH continues to ramp up manufacturing to serve its new retail associate, the Firm expects substantial income progress all through This fall of 2024. Resulting from startup prices related to the enlargement, IVFH expects earnings from this partnership to start materializing in early 2025.
Invoice Bennett, Chief Govt Officer of IVFH, commented, “This is an exciting time for our company as we expand into the retail market. The size and scale of this order speak to the tremendous opportunity ahead, and we are confident that our investments in people, infrastructure, and technology will continue to drive long-term value for our shareholders.”
About Revolutionary Meals Holdings, Inc.
At IVFH, we assist make meals particular. We offer entry to meals which might be arduous to search out, have a compelling story, or are on the forefront of meals developments. Our gourmand meals market connects the world’s finest artisan meals makers with high skilled cooks nationwide. We curate the assortment, expertise, and tech enabled instruments that assist our skilled cooks create unforgettable experiences for his or her visitors. Extra info is on the market at www.ivfh.com.
Ahead-Wanting Statements
This launch accommodates sure forward-looking statements and data referring to the Firm which might be primarily based on the present beliefs of the Firm’s administration, in addition to assumptions made by, and data presently out there to, the Firm. Such statements, together with these associated to the Firm’s progress plans, replicate the present views of the Firm with respect to future occasions and are topic to sure assumptions, together with these described on this launch. Ought to a number of of those underlying assumptions show incorrect, precise outcomes might range materially from these described herein, which embrace phrases corresponding to ought to, might, will, anticipate, consider, intend, plan, may, doubtlessly concentrating on or count on, or comparable expressions. Extra elements that might additionally trigger precise outcomes to vary materially relate to present circumstances and anticipated future developments, worldwide crises, environmental and financial points and different danger elements described within the Firm’s public filings. Because of this, readers are cautioned to not place undue reliance on these forward-looking statements and will perceive that these statements are usually not ensures of efficiency or outcomes and that there are a selection of dangers, uncertainties and different necessary elements, lots of that are past the Firm’s management, that might trigger the Firm’s precise outcomes to vary materially from these expressed in these statements, together with, amongst others: financial elements affecting shopper confidence and discretionary spending; value inflation/deflation and commodity volatility; competitors; reliance on third get together suppliers and interruption of product provide or will increase in product prices; adjustments within the Firm’s relationships with distributors and clients. The Firm doesn’t intend to replace these forward-looking statements.
For an in depth dialogue of those dangers, uncertainties and different elements that might trigger the Firm’s precise outcomes to vary materially from these anticipated or expressed in any forward-looking statements, see the part entitled Threat Elements within the Firm’s Annual Report on Kind 10-Ok for the fiscal 12 months ended December 31, 2023 filed with the Securities and Change Fee (SEC). Extra dangers and uncertainties are mentioned sometimes in present, quarterly and annual stories filed by the Firm with the SEC, which can be found on the SEC’s web site at https://www.sec.gov/.
Investor and Media contact:
Gary Schubert
Chief Monetary Officer
Revolutionary Meals Holdings, inc.
investorrelations@ivfh.com
Supply: Revolutionary Meals Holdings