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Broadside Enterprises, Inc. (OTC:BRSE) is a publicly traded company at the forefront of the next generation digital hospitality business. The company, headquartered in West Hollywood, California, recently made a significant acquisition of Potential Engine, LLC, the digital food service platform of Byte to Bite Industries, Inc. This acquisition includes Byte to Bite's digital infrastructure, intellectual property assets, and an extensive portfolio of digital restaurant brands operated under the Cheebo Hollywood umbrella.
Over the past four years, Broadside has successfully launched and managed over 50 unique digital restaurant brands across more than 2,000 digital storefronts from 10+ kitchens in the Greater Los Angeles area. This has resulted in nearly one million orders and over $25 million in lifetime sales. Broadside's mission is to deploy this platform globally, aiming to drive omni-channel revenues for a diverse range of clients including restaurant chains, sports stadiums, hotels, resorts, cruise ships, and stand-alone operators.
The company's vision goes beyond traditional operations. Broadside aims to develop an advanced AI-based ecosystem that empowers food service operators and enhances the customer experience worldwide. This innovative approach is set to lead both operators and customers into the next generation of the digital age.
The recent changes in management and the relaunch of its corporate website at www.broadsideenterprises.com mark a new chapter for Broadside. The company is also working towards updating its filings with OTC Markets with the goal of uplisting to the OTCQB.
Broadside Enterprises reported a revenue of $536,561, a gross profit of $66,442, and a net loss of $133,079 in its first full quarter post-acquisition of the digital delivery platform in December 2023. The company believes it is well-positioned to capitalize on the rapidly growing online food delivery market, which is expected to grow at a compounded annual rate of about 15% from $600 billion in 2023 to $1.4 trillion in 2029.
For more detailed information, visit Broadside's official website at www.broadsideenterprises.com and review the company's reports and filings at www.OTCMarkets.com.
Broadside Enterprises, Inc. (OTC: BRSE), a leader in digital restaurants and on-demand gourmet meals, is calling on social media influencers and content creators to collaborate on new delivery-first food brands in Southern California. CEO Alan Moore emphasizes the importance of consistently delicious, crave-worthy food delivered quickly.
The company boasts a track record of launching over fifty digital brands and serving more than 1,000,000 food deliveries in the past six years. Broadside is expanding its Hollywood location hours to 6 am - 4 am daily and launching new 24/7 kitchens in Downtown Los Angeles with a 30-kitchen facility. This strategic location allows easy access to Downtown, the Arts District, USC, and K Town.
Chief Development Officer Ken Scott highlights their ready-to-use kitchens, content creation space, culinary team, and established delivery network, making it easier for creators to launch food brands that resonate with their followers and community.
Broadside Enterprises, Inc. (OTC:BRSE) is set to launch a revolutionary 24/7 food delivery ecosystem in October at a new state-of-the-art 30-kitchen facility in downtown Los Angeles. This innovative operating model will combine new franchise and brand partnerships with Broadside's successful digital brand platform, which includes popular brands like Stoned + Hungry, Welder's Grilled Cheese, and LA Greens.
The company aims to partner with growth-oriented local, regional, and national restaurant brands to expand its reach. Broadside offers a comprehensive suite of services, including third- and first-party delivery, digital storefront management, catering, logistics, driver support, and analytics. The new facility's location in downtown LA provides access to a large potential customer base in surrounding areas like Koreatown, USC, and the Arts District.
Broadside Enterprises (OTC: BRSE) has announced a partnership with DeliverZero, a New York-based reusable takeout container service, to tackle the significant waste created by the takeout and delivery industry. This collaboration aims to reduce the 561 billion disposable food containers discarded annually in the US. DeliverZero's containers offer a sustainable alternative, and Broadside's digital restaurant platform, with over 1 million orders in Southern California, is poised to leverage this partnership for meaningful environmental impact. Broadside's CEO, Alan Moore, emphasizes the goal of reducing takeout waste and promoting a circular economy through this initiative.
Broadside Enterprises (OTC: BRSE) announced its Q1 2024 financial results on May 16, 2024. The company, positioned as a leader in the growing online food delivery market, recorded $536,561 in revenue and $66,442 in gross profit. However, it reported a net loss of $133,079 following its acquisition of a digital delivery platform in December 2023. The global food delivery market is projected to grow at a CAGR of 15%, reaching $1.4 trillion by 2029. CEO Alan Moore expressed confidence in capitalizing on the increasing consumer demand for gourmet meals delivered to their doorsteps.
Broadside Enterprises, Inc. (OTC: BRSE) has cancelled its merger with MonteCristo International Entertainment, LLC, effective September 10, 2021. The cancellation is attributed to undisclosed litigation involving MCI, which includes three lawsuits and an arbitration action against its principals. Following this decision, Broadside's sole director, Christopher Petzel, removed MCI’s representatives from the company's board and cancelled shares associated with the merger. For further details, visit Broadside's website.
MonteCristo International Entertainment, a subsidiary of Broadside Enterprises (OTC:BRSE), has signed a distribution agreement with Cinedigm (NASDAQ:CIDM) to stream its independent films worldwide. CEO Michael Taverna highlighted the reach of Cinedigm, expecting extensive consumer engagement. Josh Thomashow from Cinedigm recognized the quality of MonteCristo's films and the potential to enhance their streaming offerings. This collaboration aims to introduce a variety of new entertainment to audiences globally.
Broadside Enterprises (OTC:BRSE) announces that content from its subsidiary, MonteCristo International, will be available on rlaxx TV starting April 15. This partnership aims to enhance accessibility to independent films, particularly action genres, for viewers in Germany, the UK, Austria, and Switzerland. Both companies express optimism about reaching their audience goals through this collaboration. Michael Taverna, CEO of Broadside, highlights the strategic alignment with rlaxx TV's vision of simplifying content consumption, while rlaxx TV CEO, Ronny Lutzi, emphasizes the diverse programming offerings.
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