HOME BISTRO INC - HBIS STOCK NEWS

Home Bistro, Inc. (OTC PINK:HBIS) has expanded its dessert menu from one offering to six unique desserts, developed by celebrity chef Melanie Moss. Following a successful beta test with a salted brownie, the new dessert lineup includes five additional creations, such as Chocolate Chip Cookie Dough Cake Pop and Apple Doodle Cakie. CEO Zalmi Duchman emphasized the excitement about this expansion, which showcases Home Bistro's commitment to high-quality, gourmet meals. The company continues to thrive in the online meal delivery market with its chef-inspired offerings.

Home Bistro (OTC PINK:HBIS) has launched a new meal delivery line inspired by Ayesha Curry, a renowned chef and TV personality. This initiative aims to attract Curry's millions of fans with gourmet, ready-made meals available through the Home Bistro platform. CEO Zalmi Duchman expressed excitement about this partnership, highlighting Curry's popularity and unique recipe style. The company specializes in celebrity chef-inspired meals and maintains a commitment to quality ingredients and sustainable packaging.

Home Bistro, Inc. (OTC PINK:HBIS) received recognition as the best "a la carte" meal delivery service from Insider.com. This accolade emphasizes the company's commitment to quality, as stated by CEO Zalmi Duchman, highlighting their focus on providing five-star meal experiences. Home Bistro specializes in gourmet meals created by renowned chefs, including well-known culinary figures like Cat Cora and Richard Blais. Their Model Meals brand offers Whole30 and Paleo-approved options, showcasing sustainable practices in meal preparation and delivery.

Home Bistro, Inc. (OTC PINK:HBIS) reported a significant 101% increase in revenue, reaching $802,000 for Q1 2022, compared to $399,000 in Q1 2021. This growth is attributed to the integration of the Model Meals brand and successful product offerings from celebrity chefs, including Cat Cora and Daina Falk. However, operating expenses rose to $1.6 million due to consolidation costs and public company expenses, resulting in a net loss of ($2.9 million). The company's assets decreased to $7.0 million while total liabilities fell to $2.7 million, signaling ongoing financial adjustments.

Home Bistro (OTC PINK:HBIS) has announced the launch of a subscription-based meal delivery service for its Model Meals brand, offering three meals per day for up to five days a week, targeting southern California.

This initiative is expected to enhance customer engagement and increase Lifetime Customer Value. CEO Zalmi Duchman expressed optimism about entering this segment, citing previous experience in building a $30 million meal delivery business. The rollout is anticipated by mid-year, marking a significant growth opportunity for the company.

Home Bistro (OTC PINK:HBIS) announced its participation in The Wall Street Conference 2022 on March 8-9, 2022, at the Four Seasons Resort in Palm Beach, FL. CEO Zalmi Duchman will present to accredited investors at 1:30 PM ET on March 8, followed by one-on-one meetings on March 9. The event features growth equities and industry leaders discussing various topics like AI, Blockchain, and Foodtech. Home Bistro specializes in gourmet, ready-made meals inspired by celebrity chefs, enhancing its presence in the culinary market.

Home Bistro, Inc. (OTC PINK:HBIS) has launched a new wine offering in partnership with In Good Taste Wines. This initiative aims to enhance their gourmet meal service by providing customers with single-serving wines tailored to pair with celebrity chef-inspired meals. CEO Zalmi Duchman emphasized that this partnership presents a low-cost revenue source and supports expansion of gross profit margins. As Home Bistro continues to innovate its meal offerings, it seeks to deliver a complete culinary experience for customers.

Home Bistro, Inc. (OTC PINK:HBIS) has announced a partnership with celebrity chef Melanie Moss to enhance its dessert menu. CEO Zalmi Duchman confirmed that the company's beta test of a caramel brownie yielded positive results, prompting the expansion. The collaboration aims to create unique gourmet pastries and desserts. Chef Moss, a recognized talent in culinary circles, is looking forward to contributing to the company's gourmet offerings. Home Bistro continues to focus on providing celebrity chef-inspired gourmet meals and premium meal prep services.

Home Bistro, Inc. (OTC PINK:HBIS) reported record revenue of $1.64 million for the ten months ending October 31, 2021, a rise from $1.34 million the previous year. Despite this growth, the company also faced a net loss of ($12.8 million), mainly due to non-cash expenses. Key initiatives for 2022 include expanding celebrity chef partnerships and potential acquisitions, aiming for significant organic growth. The shift to fresh meal delivery using advanced packaging technology has been noted as a pivotal change in enhancing product quality.