Home Bistro, Inc. Announces 103% Increase in Online Orders
Home Bistro (OTC: HBIS) reported a remarkable 103% increase in online meal orders for the quarter ending September 30, 2020, compared to the prior year. The CEO, Zalmi Duchman, highlighted the success despite challenges such as a merger and the COVID-19 pandemic. The company now manages its own kitchen and fulfillment operations, which could enhance future growth. A new product line, featuring Cat Cora meals, is set to launch in November, aiming to further drive sales during the holiday season.
- 103% increase in online orders compared to Q3 2019.
- Successful transition to in-house kitchen and fulfillment operations.
- Launch of Cat Cora meal line in November expected to boost sales.
- None.
For the Quarter ended Sep 30, 2020 vs Sep 30, 2019
MIAMI BEACH, Fla., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Home Bistro, Inc. (OTC: HBIS) announced today that its efforts over the past year have started to yield significant results, as online orders for its Home Bistro meals have increased by
Home Bistro CEO Zalmi Duchman stated, “Despite our tremendous challenges over the past twelve months - having completed a merger with a publicly-traded company, dealing with events associated with the COVID-19 pandemic and transitioning to our own kitchen and fulfillment operations, we are quite pleased to report a significant increase in the number of orders processed in the current third quarter versus third quarter of 2019.”
Mr. Duchman added, “With our ability now to manage our own production and fulfillment, we are very optimistic about our capacity to continue to accelerate our growth into the holiday season and beyond. We are also very excited about the launching of our Cat Cora line of Home Bistro meals scheduled for this November. The addition of Ms. Cora’s culinary specialties to our offering will further advance our growth strategy.”
About Home Bistro, Inc.
Home Bistro provides high quality, direct-to-consumer, ready-made gourmet meals at www.homebistro.com and restaurant quality meats and seafood through its Prime Chop www.primechop.com and Colorado Prime brands.
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
FAQ
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