Business
Beyond Oil and Fandango Collection & Recycling Ltd. Sign Definitive Agreement for Exclusive Distribution in Israel
VANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / February 15, 2023 / Beyond Oil Ltd. ( CSE...
About this update from Beyond Oil Ltd
[{"type":"text","content":"Beyond Oil and Fandango Collection & Recycling Ltd. Sign Definitive Agreement for Exclusive Distribution in IsraelVANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / February 15, 2023 / Beyond Oil Ltd. (CSE:BOIL) (\"Beyond Oil\" or the \"Company\"), a food-tech innovation company extending the life of frying oil, reducing costs and waste, is thrilled to announce its strategic partnership with Fandango Collection & Recycling Ltd. (\"Fandango\"), a leading player in total oil treatment field in the Israeli market. Further to the memorandum of understanding announced on January 19, 2023, Beyond Oil has executed a definitive distribution agreement (the \"Definitive Agreement\") with Fandango.Fandango is a leading company in the Israeli hospitality industry, supplying over 8,000 commercial kitchens with a comprehensive range of products, including frying oil and specialized equipment for maintaining the optimal condition of frying oil. Fandango also collects used cooking oil from commercial kitchens and provides a wide range of other essential products and supplies to the industry, including paper products, detergents and fast-food containers.The Definitive Agreement establishes Fandango as the exclusive distributor of Beyond Oil's product in the state of Israel (the \"Territory\") for an initial period of five years, subject to the satisfaction of certain terms set forth in the Definitive Agreement.Beyond Oil and Fandango at Fandango's work site in Israel. Left to right: Jonathan Or, CEO and Co-founder of Beyond Oil; Shai Medioni, CEO of Fandango; Robert Kiesman, Director of Beyond Oil; and Pinhas Or, Co-founder of Beyond Oil.\"We are thrilled to announce our strategic partnership with Fandango, which marks a significant step forward for Beyond Oil,\" said Jonathan Or, CEO and Co-founder of Beyond Oil. \"With Fandango's expertise and experience in the food and oil industry, we are confident in our ability to not only grow our market share in Israel, but also consistently improve the value we provide to our customers. This partnership allows us to establish a solid foundation for our business in the local market, bringing us one step closer to achieving our mission of providing sustainable solutions for the food-service industry across the globe.\"\"Consistently improving quality is an integral part of our company's basic cred...