Reborn Coffee’s Bbang Ssaem Bakery F&B Forges Major Distribution Agreement with Leading Korean Coffee Chain
13 Novembro 2024 - 10:31AM
Reborn Coffee, Inc. (NASDAQ: REBN), a premier specialty coffee
retailer, today announced a landmark distribution agreement through
majority-owned its South Korean subsidiary, Bbang Ssaem Bakery
F&B. This strategic partnership will bring Reborn’s
preservative-free, signature baked goods to approximately 8,000
stores of a major coffee chain across South Korea, significantly
enhancing the company’s revenue and solidifying its position in the
country’s dynamic coffee and bakery market.
To meet the substantial nationwide demand,
Reborn Coffee has expanded its production capacity through Bbang
Ssaem Bakery F&B. This expansion includes a new production
facility, repurposed from the former Tom N Toms bakery site,
designed to enable efficient, high-volume output while maintaining
Reborn’s commitment to quality and freshness. This step strengthens
the supply chain and ensures the consistent delivery of premium,
artisanal baked goods that elevate the consumer experience.
“This distribution agreement is a pivotal moment
for Reborn Coffee, adding a meaningful new revenue stream to our
business,” said Jay Kim, CEO of Reborn Coffee. “Scaling our
preservative-free, artisanal bakery products responds to the strong
demand in South Korea for premium, naturally crafted offerings.
Through this collaboration with Bbang Ssaem, we can deliver Reborn
Signature baked goods at scale, significantly increasing our market
presence and revenue potential.”
This partnership underscores Reborn Coffee’s
commitment to quality, sustainability, and strategic international
growth. As Reborn Coffee continues to expand its global footprint,
this collaboration with Bbang Ssaem is a crucial step toward
establishing a lasting presence and revenue base in Asia.
About Reborn
Coffee
Reborn Coffee, Inc. (NASDAQ: REBN) focuses on
delivering high-quality, specialty-roasted coffee at retail
locations, kiosks, and cafes. Committed to innovation and
excellence, Reborn Coffee elevates the coffee experience through
advanced technology and premium service, while honoring traditional
brewing techniques. The company stands out through unique
processes, including the meticulous sourcing, washing, roasting,
and brewing of coffee beans with a balance of precision and
craftsmanship. For more information, please visit
www.reborncoffee.com.
Forward-Looking Statements
All statements in this release that are not
based on historical fact are “forward-looking statements.” While
management has based any forward-looking statements included in
this release on its current expectations, the information on which
such expectations were based may change. Forward-looking statements
involve inherent risks and uncertainties which could cause actual
results to differ materially from those in the forward-looking
statements, as a result of various factors including those risks
and uncertainties described in the Risk Factors and Management’s
Discussion and Analysis of Financial Condition and Results of
Operations sections of our recent filings with the Securities and
Exchange Commission (“SEC”) including our Form 10-Q for the first
quarter of 2023, which can be found on the SEC’s website at
www.sec.gov. Such risks, uncertainties, and other factors include,
but are not limited to, the Company’s ability to continue as a
going concern as indicated in an explanatory paragraph in the
Company’s independent registered public accounting firm’s audit
report as a result of recurring net losses, among other things, the
Company’s ability to successfully open the additional locations
described herein as planned or at all, the Company’s ability to
expand its business both within and outside of California
(including as it relates to increasing sales and growing Average
Unit Volumes at our existing stores), the degree of customer
loyalty to our stores and products, the impact of COVID-19 on
consumer traffic and costs, the fluctuation of economic conditions,
competition and inflation. We urge you to consider those risks and
uncertainties in evaluating our forward-looking statements. We
caution readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
The Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Contacts
Investor Relations
Contact:Chris TysonExecutive Vice President MZ
North America REBN@mzgroup.us949-491-8235
Company Contact: Reborn Coffee, Inc.
ir@reborncoffee.com
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