MamaMancini's Partners with Beyond Meat® to offer New Plant-Based Meatballs with Sauce and Meatball Pasta Bowls
September 27 2019 - 7:31AM
MamaMancini's Holdings, Inc. (OTCQB: MMMB), a marketer of specialty
pre-prepared, frozen and refrigerated all-natural food products,
has entered into a strategic partnership with Beyond Meat, Inc.
(NASDAQ: BYND). MamaMancini’s is introducing a new line of fully
cooked authentic Italian foods to its large customer base using
Beyond Meat’s plant-based Beyond Beef®.
MamaMancini's customers nationwide will have the
opportunity to experience the world’s first plant-based ground
meat, that delivers on the versatility, meaty texture and juiciness
of ground beef, while enjoying the nutritional and environmental
benefits of eating plant-based protein products. New products will
include “Beyond Beef Meatballs & Sauce” in several sizes, as
well as vegan and gluten-free based “Spaghetti and Beyond Beef
Meatball Pasta Bowls”.
MamaMancini’s expects to begin introducing the
new line in several markets throughout the United States beginning
immediately. Currently, MamaMancini’s products are sold at 45,000
locations in food retailers across the country and in the second
fiscal quarter of 2020 ending July 31, 2019, MamaMancini grew its
sales by 44% to $8.1 million.
“Plant-based meat is one of the fastest growing
trends in the food industry, and Beyond Meat is leading the
revolution,” said Carl Wolf, Chairman and CEO of MamaMancini’s
Holdings. “Beyond Beef was the perfect choice for our new bowls as
it offers the same juicy, meaty texture as beef, with the benefits
of plant-based proteins. Our partnership will expand our current
line of healthy products and enable us to penetrate new markets
with customers looking to expand their protein options.”
“MamaMancini’s produces home style, old world
Italian food with recipes passed down from Dan Mancini’s
grandmother. She would be honored to know that this new ingredient
not only tastes great, but helps address concerns related to human
health, climate change, resource conservation and animal welfare.
We are looking forward to a long-term partnership with Beyond
Meats.”
"We are looking forward to the new products
MamaMancini’s is creating that include our delicious plant-based
proteins,” said Tim Smith, Beyond Meat's VP of Foodservice Sales,
North America. “Their large distribution network will help deliver
Beyond Meat’s product into homes across the country, allowing
customers to experience the appeal and taste of iconic Italian food
with a more sustainable alternative ingredient.”
About MamaMancini’s Holdings,
Inc.
MamaMancini's Holdings, Inc. (OTCQB: MMMB) is a
marketer and distributor of specialty prepared, frozen and
refrigerated all-natural Italian foods. MamaMancini’s product
portfolio consists of over 20 products including meatballs,
meatloaf, chicken parmesan, sausages and pasta dinner kits with
beef, turkey, pork and chicken varieties. The Company’s products
are sold in over 45,000 locations nationwide, including at
well-known retailers such as Walmart, Kroger, Publix, Costco and
Albertsons, as well as through national distributors such as Sysco
and United Natural Foods. The Company’s products are frequently
offered for sale on QVC, the world’s largest direct to consumer
marketer. For more information, please visit
www.mamamancinis.com.
Forward-Looking Statements
This press release may contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in the Company's 10-K for the fiscal year ended January
31, 2019 and other filings made by the Company with the Securities
and Exchange Commission.
MamaMancini’s Investor Contact: Greg
Falesnik Managing Director MZ Group -
MZ North America (949) 385-6449 greg.falesnik@mzgroup.us
www.mzgroup.us
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