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IFBC Will Provide Food Trucks ("Ape") for the Path of Peace at the Extraordinary Jubilee of Mercy -- December 8, 2015 to August 8, 2016
IFBC Will Provide Food Trucks ("Ape") for the Path of Peace at the Extraordinary Jubilee of Mercy -- December 8, 2015 to August 8, 2016.
About this update from Italian Food & Beverage Corp
[{"type":"text","content":"\nIFBC Will Provide Food Trucks (\"Ape\") for the Path of Peace at the Extraordinary Jubilee of Mercy -- December 8, 2015 to August 8, 2016\n\nIFBC Will Provide Food Trucks (\"Ape\") for the Path of Peace at the Extraordinary Jubilee of Mercy -- December 8, 2015 to August 8, 2016\n\n PLAINVIEW, NY--(Marketwired - November 02, 2015) - Italian Food & Beverage Corp. (OTC PINK: IFBC) (IFBC) is in the process of signing an agreement with La Giubi srl, a company which has been chosen to represent the project \"Path of Peace\" for the forthcoming Extraordinary Jubilee of Mercy, to provide food trucks during the upcoming Jubilee.The Jubilee is an initiative which was presented to Pope Francis in February 2015, and approved in April 2015, after it had been co-financed by the Organization of the \"Way of Peace\" and approved by the United Nations.IFBC, as a partner in this project, will supply up to 100 food trucks, known as \"Ape,\" to provide food and drink to the many pilgrims who will attend the celebration during the period of December 8, 2015 to August 8th, 2016. These pilgrims, who will hail from all parts of the world, will enjoy convenient access to our quality food and wine from right outside the walls of the Vatican.We have conservatively estimated the gross revenues per \"Ape\" to be 600 Euros per day during the entire Jubilee period. There exists the possibility of a contract extension to a maximum of five years. Should this extension occur,we estimate the minimum number of food trucks \"Ape\" to be 20 to 30, with a maximum of 100. Revenues could vary from 360,000 Euros per month (based on 20 food trucks) to 1,800,000 Euros per month (based on 100 food trucks).Lorenzo Buff, IFBC's President, and Vincenzo Ventola, IFBC's CFO, have been working on this important project for many months. Mr. Buffi stated, \"IFBC is beginning to realize the many possibilities of the company in a very short period of time. Our hard work is beginning to pay off and produce greater than expected results.\"About Italian Food & Beverage Corp. (formerly Blast Applications, Inc.)Italian Food & Beverage Corp. (formerly Blast Applications, Inc.) was a marketer and developer of cell phone applications for Android, iPhone®, Twitter® Facebook® and Nokia for purposes of monetizing a web surfer's dedication to social media sites thro...