BarFresh Food Group, Inc. (BRFH), a manufacturer and distributor of unique ready-to-blend beverages, including smoothies, shakes and frappes, today announced that it has opened distribution and received its first order from the Sysco Corporation.
This is very big news for BRFH for three reasons:
#1 Sysco Corporation is the $30 billion in annual sales 800lb gorilla in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Sysco operates over 150 distribution warehouses and deliver to in excess of 400,000 food outlets (including full service, casual dining, and quick serve restaurant locations) throughout the United States and Canada, generating revenues in excess of $30 billion per annum.
#2 This now means that BRFH products will be carried by ALL Sysco’s 150 regional warehouses eventually…remember BRFH is under contract with a major national quick service restaurant chain with over 7,000 stores nationwide.
#3 NOW Sysco’s 20,000+ sales force will soon be able to call on ALL the 400,000 locations in their system with BarFresh’s unique system of all-in-one smoothies/shakes/frappes for hospitals/nursing homes/cafeteria’s/schools and universities…not to mention 300,000 restaurants.
Enormous revenue impact here…enormous.
Source: MarketWire
Founder and Editor-in-Chief for NBTEquitiesResearch.com. Contributor and Anchor for the Fox News Channel and Fox Business Network 2000-2013. Chairman & CEO of NBT Group, Inc., a boutique private capital investment bank and investor relations organization.
good luck.