Home Bistro Announces Nationwide Launch of Model Meals Brand

Rhea-AI Summary

Home Bistro (OTC PINK:HBIS) has expanded its Model Meals service nationwide, now available in all 50 states, up from just three (California, Nevada, Arizona). CEO Zalmi Duchman emphasizes the goal of significantly increasing distribution and revenue following the acquisition of Model Meals. The service offers Whole30 and Paleo-approved meal prep options using high-quality ingredients. This expansion aims to leverage customer loyalty and enhance the company’s growth potential.

Positive

• Nationwide expansion of Model Meals increases market reach.
• Acquisition of Model Meals aims for significant revenue growth.

Negative

• None.

MIAMI BEACH, FL / ACCESSWIRE / September 27, 2021 / Home Bistro, Inc. (OTC PINK:HBIS) ("Home Bistro" or the "Company") a leading online meal delivery platform that offers celebrity chef-inspired, gourmet and lifestyle ready-made meals, announced today that Model Meals, the Company's ready-to-eat, Whole30 & Paleo-approved, healthy meal service, is now being offered in all 50 states. Previously, Model Meals was available in just three states - California, Nevada and Arizona.

Home Bistro CEO Zalmi Duchman stated, "We are excited to announce the nationwide launch of our Model Meals brand. When we acquired Model Meals just a few months ago, one of our main goals was to quickly and significantly expand its distribution from three states to all fifty. We look forward to building upon the brand's considerable customer loyalty and a significant increase in its top line revenue contribution to our Company's business."

About Home Bistro, Inc.

Home Bistro is a leading online platform, www.homebistro.com, that provides for the creation, production, and distribution of direct-to-consumer, heat-to-eat, celebrity chef inspired gourmet meals, which currently include inspirations created by "Iron Chef" Cat Cora, "Hungry Fan" Chef Daina Falk and soon to launch meals from celebrity chefs Ayesha Curry, Roblé Ali, Claudia Sandoval and Richard Blais.

Home Bistro's Model Meals lifestyle brand www.modelmeals.com is a Whole30 and Paleo approved, ready-to-eat, meal prep service, offering a weekly rotating menu that is prepared by professional chefs, using only the highest quality ingredients available, sourced responsibly and locally, and delivered in sustainable, eco-friendly packaging.

Forward-Looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward-looking statements and information concerning the Company's growth objectives and industry outlook (as described herein). Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. These forward-looking statements include, among others, statements about the Company's future financial performance, the impact of management changes, any organizational restructuring and the sufficiency of capital resources to fund its ongoing operating requirements; statements about the Company's expectations regarding the capitalization, resources and ownership structure; and any other statements other than statements of historical fact. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that the Company makes due to a number of important factors, including (i) risks related to the combined entity's access to existing capital and fundraising prospects to fund its ongoing operations, and (ii) other business effects, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies, including the impact of COVID-19 on the broader market. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled "Risk Factors", copies of which may be obtained from the SEC's website at www.sec.gov. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Contact:

Zalmi Duchman, CEO
zalmi@homebistro.com
Ph: 631.694.1111

SOURCE: Home Bistro, Inc.

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FAQ

What is the significance of Home Bistro's nationwide launch of Model Meals?

The nationwide launch of Model Meals significantly expands its market reach, potentially boosting revenue for Home Bistro.

When did Home Bistro announce the expansion of Model Meals?

Home Bistro announced the expansion of Model Meals on September 27, 2021.

What diet plans do Model Meals cater to?

Model Meals caters to Whole30 and Paleo diet plans with ready-to-eat meals.

What states were Model Meals available in before the expansion?

Before the expansion, Model Meals was only available in California, Nevada, and Arizona.

Who is the CEO of Home Bistro?

The CEO of Home Bistro is Zalmi Duchman.