Home Bistro Signs Licensing Agreement with Ayesha Curry

Rhea-AI Summary

Home Bistro, Inc. (OTC PINK:HBIS) has entered into a licensing agreement with Ayesha Curry, acquiring her Homemade Meals LLC. This partnership allows Home Bistro to offer ten of Curry's chef-inspired meals directly to consumers starting October 2021. Ayesha Curry, a two-time New York Times best-selling author and a popular television host with over 7.3 million followers, aims to simplify meal preparation for busy families. Furthermore, a portion of each meal sold will contribute to combating hunger in America, aligning with the social mission of the partnership.

Positive

• Acquisition of Homemade Meals LLC enhances product offerings.
• Partnership with Ayesha Curry provides access to her large follower base.
• Introduction of ten celebrity chef-inspired meals expected to increase sales.
• Social mission aligns with growing consumer interest in charitable food initiatives.

Negative

• None.

Acquires TV Host and Cookbook Author's Homemade Meals LLC

MIAMI BEACH, FL / ACCESSWIRE / July 19, 2021 / Home Bistro, Inc. (OTC PINK:HBIS) ("Home Bistro" or the "Company"), a leading online platform that offers celebrity chef-inspired, gourmet and lifestyle ready-made meals shipped directly to consumers, announced today that it executed a licensing agreement with TV Host, best-selling cookbook author and philanthropist Ayesha Curry. Further to the transaction, Home Bistro, Inc. acquired Ms. Curry's Homemade Meals LLC, a weekly-delivered service of her family inspired recipes, which were sold direct to consumer as well as in major grocery stores.

Curry, 2x New York Times best-selling cookbook author, television host and producer, and co-founder of the Eat. Learn. Play. Foundation, has over 7.3 million followers, a platform where she frequently shares her flavor-filled, no-fuss cooking techniques. Curry will be providing the Home Bistro platform with ten of her culinary specialties to be sold online.

Home Bistro CEO Zalmi Duchman stated, "We are very excited to add Ayesha to Home Bistro's growing platform for home delivery celebrity chef-inspired gourmet meals. Her unique signature style recipes with focus on flavor, efficiency and health, have been a hit with millions of her fans and no doubt will be as popular in the form of fully-prepared meals on the Home Bistro platform."

Curry commented, "I've recently been following the evolution and progress of Home Bistro and am excited to bring some of my favorite meals direct to peoples' doorsteps across the country. As a working mom, I know first-hand how busy life can get, and I am always trying to come up with ways to make executing and enjoying a delicious meal more convenient. This partnership with Home Bistro provides me with an opportunity to provide fully-cooked prepared meals of some of my favorite recipes as well as introduce my culinary point-of-view to a whole new audience." Curry added, "I am grateful to be aligned with Home Bistro on the social mission of our partnership, as a portion of every meal sold will be donated to a cause helping to fight hunger in America."

Home Bistro expects to begin shipping Ayesha Meals direct to consumers by October 2021.

About Ayesha Curry

Renowned restauranteur, chef, 2x New York Times best-selling author, philanthropist, television host and producer, and entrepreneur Ayesha Curry is a true multi-hyphenate who is building an empire. Featured on the prestigious 30 Under 30 List by Forbes Magazine, her accessible approach to cooking and passion for entrepreneurial innovation has made her one of the most sought-after experts in food and lifestyle, with over 10 million avid social media followers and subscribers.  Curry partnered with the Meredith Corporation to launch her first ever quarterly lifestyle magazine titled Sweet July. In 2020, she launched her own production company, Sweet July Productions, which focuses on creating content centered around diverse stories and voices.  Curry alongside her husband, launched their family-founded charity Eat. Learn. Play. with a mission to end childhood hunger, ensure universal access to quality education, and enable healthy active lifestyles.

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 developed by "Iron Chef" Cat Cora and soon to launch celebrity chefs Daina Falk, Roblé Ali and Claudia Sandoval.

Home Bistro's Model Meals lifestyle brand www.modelmeals.com is a Whole30 & 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 licensing agreement with Ayesha Curry?

The licensing agreement allows Home Bistro to offer Ayesha Curry's Homemade Meals LLC, enhancing its gourmet meal offerings and attracting her large fan base.

When will Home Bistro start shipping Ayesha Curry's meals?

Home Bistro expects to begin shipping Ayesha Curry's meals directly to consumers by October 2021.

How many meals will Ayesha Curry provide for Home Bistro?

Ayesha Curry will provide ten of her culinary specialties to be sold on the Home Bistro platform.

What portion of the meal sales will contribute to charitable causes?

A portion of every meal sold through the partnership will be donated to initiatives fighting hunger in America.