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Gold Star Foods Agreement Will Drive Additional Expansion in Company’s Rapidly Growing Education Channel
Gold Star Agreement Opens Up New Opportunities beyond the Recently Announced 300 Barfresh School Customer Locations
BEVERLY HILLS, Calif., Sept. 20, 2018 (GLOBE NEWSWIRE) -- Barfresh Food Group, Inc. (OTCQB: BRFH), a manufacturer of frozen, ready-to-blend beverages, today announced that it has broadened its presence in the education channel through a distribution agreement with Gold Star Foods, Inc. in Ontario, California. Gold Star is recognized nationwide by the United States Department of Agriculture and the American School Food Service Association as the largest specialty food school supplier, working exclusively within the education foodservice channel and serving more than 300 school districts with thousands of schools throughout the west and southwest United States. This agreement creates additional opportunities above and beyond our recently announced 300 school locations.
Goldstar’s customers include the Los Angeles Unified School District, California’s largest and the nation’s second-largest school district, among others. In addition to California, Gold Star Foods also serves a number of schools in Arizona and Nevada. Gold Star continues to expand, both organically and through acquisitions, towards becoming the leading value-added services provider dedicated to school nutrition programs across the country.
Barfresh expects to further accelerate its penetration of the education channel with the addition of Gold Star Foods’ distribution resources, given their more than 50 years of customer service and long-standing relationships. Barfresh offers four all-natural, “no sugar added” products specifically formulated for the education channel to meet USDA guidelines under its Child Nutrition Program. These products align with Gold Star Food’s platform, which is tailored to help its customers navigate the complexities of the Child Nutrition Program allowing schools to seek reimbursement for meals served.
Riccardo Delle Coste, the Company's CEO commented, “Our new agreement with Gold Star Foods comes at the perfect time for Barfresh, as we expand our presence in the education channel across the United States. Gold Star Foods services many of the largest school districts in the country and we are proud to partner with this trusted organization. We look forward to sharing additional wins as we head into the upcoming school year later this fall of 2018.”
About Barfresh Food Group
Barfresh Food Group, Inc. (OTCQB: BRFH) is a developer, manufacturer and distributor of ready-to-blend beverages, including smoothies, shakes and frappes, primarily for restaurant chains and the foodservice industry. The company's proprietary, patented system uses portion-controlled pre-packaged beverage ingredients that deliver freshly made frozen beverages that are quick, cost efficient, better for you and without waste. Barfresh has an exclusive distribution partnership with the leading food distributor in North America. For more information, please visit www.barfresh.com.
Forward Looking Statements
Except for historical information herein, matters set forth in this press release are forward-looking within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements about the Company's commercial progress and future financial performance. These forward-looking statements are identified by the use of words such as "grow", "expand", "anticipate", "intend", "estimate", "believe", "expect", "plan", "should", "hypothetical", "potential", "forecast" and "project", among others. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the Company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company and may not materialize. Investors are cautioned that any such statements are not guarantees of future performance. The contents of this release should be considered in conjunction with the warnings, risk factors and cautionary statements contained in the Company's recent filings with the Securities and Exchange Commission, including its Annual Report on Form 10K and Quarterly Report on Form 10Q. Furthermore, the Company does not intend, and is not obligated, to update publicly any forward-looking statements, except as required by law.