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MarketScreener Homepage  >  Equities  >  Nasdaq  >  IFresh Inc.    IFMK

IFRESH INC.

(IFMK)
  Report
Delayed Quote. Delayed Nasdaq - 01/19 03:55:20 pm
0.9051 USD   +0.34%
01/08IFRESH INC : Unregistered Sale of Equity Securities (form 8-K)
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2020IFRESH : Fiscal 2Q Earnings Snapshot
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2020IFRESH : Fiscal 2Q Earnings Snapshot
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

iFresh Launches E-commerce Site in English

08/28/2020 | 08:30am EST

NEW YORK, Aug. 28, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company") (Nasdaq: IFMK), a leading Asian American supermarket chain and online grocer, announced today that the Company launched its E-commerce site www.onlineifresh.com in English as part of its expansion efforts to reach out customers beyond the Chinese-speaking community. The Company has engaged Benvenuti Public Relations, a full-service public relations, marketing and social media firm specializing in the hospitality, food and beverage, and lifestyle industries since 1993. This relationship has resulted in a new PR campaign designed to reach new customers and enhance brand awareness. The new campaign anticipates that the bilingual website will serve as an initial starting point for attracting more customers, boosting sales and exposure in other channels.  

In regards to the launch, Mr. Long Deng, Chief Executive Officer and Chairman of iFresh, stated, “Online shopping continues to grow in popularity as the pandemic continues. This causes customers to look online for their grocery shopping needs. Recently, Asian cuisines have gained wide-spread global recognition for being healthy yet delicious, especially in the U.S. As one of the leading Asian American supermarket chains, our bilingual site delivers an easy-to-navigate browsing and shopping experience for customers. Customers will find the best of what iFresh offers across a variety of Asian grocery selections. We look forward to serving customers of all backgrounds.”

Visit www.onlineifresh.com for more information or follow @onlineifresh on Instagram.

About iFresh, Inc.

iFresh Inc. (Nasdaq: IFMK), headquartered in Long Island City, New York, is a leading Asian American grocery supermarket chain and online grocer on the east coast of U.S. With nine retail supermarkets along the US eastern seaboard (with additional stores in Glen Cove, Miami and Connecticut opening soon), and one in-house wholesale business strategically located in cities with a highly concentrated Asian population, iFresh aims to satisfy the increasing demands of Asian Americans (whose purchasing power has been growing rapidly) for fresh and culturally unique produce, seafood and other groceries that are not found in mainstream supermarkets. With an in-house proprietary delivery network, online sales channel and strong relations with farms that produce Chinese specialty vegetables and fruits, iFresh is able to offer fresh, high-quality specialty produce at competitive prices to a growing base of customers. For more information, please visit: http://www.ifreshmarket.com/.

Forward-Looking Statements

Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include timing of the proposed transactions; the business plans, objectives, expectations and intentions of the parties once the transactions are complete, and the Company’s estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. All information provided in this press release is as of the date hereof. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Additional information concerning these and other factors that may impact our expectations and projections can be found in our periodic filings with the SEC. IFMK's SEC filings are available publicly on the SEC's website at www.sec.gov. IFMK disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, please contact:
At the Company:

iFresh, Inc.

Email: herinyin@newyorkmart.com

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© GlobeNewswire 2020
All news about IFRESH INC.
01/08IFRESH INC : Unregistered Sale of Equity Securities (form 8-K)
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2020IFRESH : Fiscal 2Q Earnings Snapshot
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2020IFRESH : Fiscal 2Q Earnings Snapshot
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2020iFresh Announces Fiscal Second Quarter 2020 Financial Results
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2020IFRESH : Announces Fiscal Second Quarter 2020 Financial Results
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2020IFRESH INC : Changes in Registrant's Certifying Accountant (form 8-K)
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2020IFRESH : Announces the Cancellation of Special Meeting of Shareholders
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2020iFresh Announces the Cancellation of Special Meeting of Shareholders
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More news
Financials (USD)
Sales 2020 89,5 M - -
Net income 2020 -8,29 M - -
Net Debt 2020 84,1 M - -
P/E ratio 2020 -3,30x
Yield 2020 -
Capitalization 32,8 M 32,8 M -
EV / Sales 2019 0,32x
EV / Sales 2020 1,25x
Nbr of Employees 298
Free-Float 14,2%
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Technical analysis trends IFRESH INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Managers and Directors
NameTitle
Long Deng Executive Chairman, Chief Executive Officer & COO
Yan Hong Xue Chief Financial Officer
Mark C. Fang Independent Director
Jay Walder Independent Director
Harvey Leibowitz Independent Director
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