Farmmi Wins Repeat Order, Showing Success with its Focus on Customer Satisfaction
Farmmi, Inc. (NASDAQ: FAMI) announced a repeat order for black Mu Er mushrooms from a long-term customer, who will export the products to Jordan. Chairwoman and CEO Yefang Zhang emphasized the company's strategy of focusing on customer satisfaction, which leads to repeat orders and expanded brand awareness. Established in 1998, Farmmi specializes in edible mushrooms and agricultural products, distributing both offline and online. The company acknowledges several risks, including the ongoing impacts of the Covid-19 pandemic and market fluctuations.
- Secured a repeat order for black Mu Er mushrooms from a long-term customer.
- Expansion of brand awareness through global customer distribution.
- Risks associated with Covid-19's impact on customers' businesses.
- Potential fluctuations in earnings and foreign exchange rates.
LISHUI, China, April 19, 2022 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, announced today it received a repeat order for black Mu Er mushrooms from one of the Company's long-term customers. The customer will export the products to Jordan.
Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: "We are pleased to continue our relationship with this valued long-term customer. It has proven to be a very efficient strategy for us to focus on supporting expanding needs of customers, while converting those into long-term, repeat orders. This maximizes our investments in sales from a customer acquisition standpoint and the positive word of mouth generated from satisfied customers is invaluable. We also continue to directly benefit by leveraging the distribution reach of our customers into markets worldwide, which in turn, helps to increase our brand awareness and drive increased sales."
About Farmmi, Inc.
Established in 1998, Farmmi Inc. (NASDAQ: FAMI) is an agricultural products supplier, processor and retailer of edible mushrooms like Shiitake and Mu Er, as well as other agricultural products. In addition to its offline sales, Farmmi sells its products direct-to-consumer at http://www.farmmi88.com. For further information about the Company, please visit: http://ir.farmmi.com.cn/.
Forward-Looking Statements
No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations and intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customer's businesses and our end purchaser's disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China, our ability to attract and retain skilled professionals, client concentration, industry segment concentration, and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Farmmi may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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SOURCE Farmmi, Inc.
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