EAST RUTHERFORD, NJ — MamaMancini's Holdings, Inc. (OTCQB: MMMB), a marketer of specialty pre-prepared, frozen and refrigerated all natural food products (as defined by the United States Department of Agriculture), announced today additional placement of products in major grocery retailers including Sam's Club, Costco, HyVee, Publix, Whole Foods, The Fresh Market, Ahold (Stop & Shop) and QVC in the last three months.
Product placements include meat loaf, chicken parmigiana, stuffed peppers mix, authentic jumbo meatballs; cheese stuffed meatballs, cocktail meatballs and meatballs and sauce for sandwich shops with major retailers throughout the US.
Carl Wolf, president and CEO of MamaMancini’s Holdings, Inc., said, “We are pleased to continue to penetrate our target markets of prepared foods and delis on the periphery of grocery stores throughout the country. Major grocery retailers are embracing our products as their nutritional, taste and convenience profiles continue to attract new customers. The prepared foods section is the fastest growing section of grocery stores as consumers increasingly choose ready-to-serve meals to accommodate their very busy work and family schedules.
“We continue to gain traction on our strategy. In that regard, we expect to announce that revenue for the third quarter of fiscal 2018, which ends on October 31, 2017, will increase by approximately 55% compared to the $4.6 million in revenue reported in the third quarter of fiscal 2017. We are pleased with the consistent progress that we are achieving and we look to complete the fiscal year on a strong note.”
About MamaMancini's
MamaMancini's is a marketer and distributor of a line of beef meatballs and turkey meatballs all with sauce, five cheese stuffed beef and turkey meatballs all with sauce, original beef and turkey meatloaves, chicken parmesan, stuffed peppers and other similar Italian cuisine products. The Company's sales have been growing on a consistent basis as the Company expands its distribution channel, which includes major retailers and distributors such as Costco, Publix, Shop Rite, Jewel, Save Mart, Sam’s Club, Lucky's, Lunds and Byerlys, SuperValu, Safeway, Albertsons, Spartan Nash, Whole Foods Market, Hy-Vee, Shaw's, Kings, Roche Bros., Key Foods, Stop & Shop, Giant, Giant Eagle, Foodtown, Kroger, Shoppers, Schnucks Markets, Fresh Direct, King Kullen, Lowes, Central Market, Weis Markets, Ingles, Food City, The Fresh Market, Market Basket, Meatball Obsession, Monterrey Provisions, Porky Products, Sysco, DPI, United Natural Foods, Bozzutos, Burris Foods, and C&S. The Company sells a variety of its products on air and on line on QVC, the world’s largest direct to consumer marketer.
Forward Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's 10-K for the fiscal year ended January 31, 2017 and other filings made by the Company with the Securities and Exchange Commission.
Source: MamaMancini's
