Business
VERUS INTERNATIONAL ANNOUNCES ORDERS WITH HOMEGOODS, WEIS MARKETS AND MAJOR LEAGUE STADIUM STORES
VERUS INTERNATIONAL ANNOUNCES ORDERS WITH HOMEGOODS, WEIS MARKETS AND MAJOR LEAGUE STADIUM STORES.
About this update from Verus International, Inc.
[{"type":"text","content":"\n Gaithersburg, MD, March 12, 2020 (GLOBE NEWSWIRE) -- Verus International, Inc. (“Verus” or the “Company”) (OTCQB: VRUS) is pleased to announce that TJX Companies “TJX” has added HomeGoods stores, which has 716 locations, to its initial order for Major League Baseball (“MLB”) branded candy products from the Company’s Big League Foods (“BLF”) subsidiary. With this add on order, Verus gains its first sales in all three major TJX store brands -- TJ Maxx, Marshalls, and HomeGoods. The Company has also received orders from Weis Markets (“Weis”), a Mid-Atlantic food retailer that operates 198 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, West Virginia and Virginia. In addition to being the first supermarket customer, Weis is also the first to utilize BLF’s new display shipper, which includes the full line of baseball themed gummies and sour gummies, baseball gumballs and baseball foiled chocolates and caramels. Verus is also excited to announce that it has received approval from the MLB to offer its product line to official club retail and stadium stores. Seattle, with 24 team stores, was the first to express interest in offering the products, followed by Houston, Baltimore, Cleveland, Toronto, Minnesota and Philadelphia. Verus expects to receive interest from additional teams in coming weeks as it works its way through all 30 MLB team offices. These placements are a key development, because Verus will now feature its candy as part of the stadium experience, enhancing the appeal of these products in other retail settings. “When we invested in the molds for these new shapes and upgraded the packaging, we knew that buyers would like the changes,” said Verus CEO Anshu Bhatnagar. “But the universally positive reaction has been even better than expected, increasing our confidence that we will sign new customers at a faster rate than first anticipated. We expect to maintain very strong new order growth as store buyers receive additional samples of our new products.” Operational Update As previously announced, the Company sold out its first round of shipments, but has adequate capacity to fulfill its growing backlog. Verus will fulfill each of its newly announced customers’ orders in subsequent shipments and...