Blue Star Foods Extends Multi-Year Supply Relationship with Avendra
Blue Star Foods Corp. (NASDAQ: BSFC) has signed a multi-year extension with Avendra, North America’s leading hospitality procurement provider, effective August 2022. This continuation of their 16-year partnership secures the supply of Blue Star crab meat products to various high-profile clients, including hotels and convention centers, aiding the company’s recovery to pre-pandemic revenue levels in its sustainable seafood business.
- Multi-year contract extension with Avendra enhances product distribution.
- Strengthens established partnership with a major hospitality procurement provider.
- Supports recovery to pre-pandemic revenue levels in sustainable crab meat business.
- None.
Solidifies Relationship with North America’s Leading Hospitality Procurement Services Provider
Miami, FL, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce that it recently signed a multi-year extension to its multi-year supply contract with privately-held Avendra. The Bid Award Purchase Agreement is effective starting August 2022, and is for purchase and distribution of the Company’s Blue Star crab meat branded products.
Rockville, Maryland-based Avendra is North America’s leading hospitality procurement services provider, working with over 8,500 customers. Through Avendra, Blue Star products get placed into brand-name hotels and resorts, convention centers, country clubs and airports throughout the United States, its corporate website is: www.avendra.com
John Keeler, CEO of Blue Star Foods, commented, “We’ve been working with Avendra for close to 16 years, and pleased that they have extended their contract with us. This multi-year renewal continues to be part of the Company’s climb back to pre-pandemic levels of revenue in the platform sustainable crab-meat business.”
About Blue Star Foods Corp. (NASDAQ: BSFC)
Blue Star Foods Corp. an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS) that processes, packages and sells high-value seafood products. The Company believes it utilizes best-in-class technology, in both resource sustainability management and traceability, and ecological packaging. The Company also owns and operates the oldest continuously operating Recirculating Aquaculture System (RAS) full grow-out salmon farm in North America. The company is based in Miami, Florida, and its corporate website is: https://bluestarfoods.com
Forward-Looking Statements:
The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s product development and business prospects, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Risks concerning the Company’s business are described in detail in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contacts:
investors@bluestarfoods.com
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