Muscle Maker (GRIL) Sadot enters agreement to expand commodity trade routes into the Americas
Muscle Maker, Inc. is pleased (GRIL) announces that its subsidiary, Sadot LLC, has expanded its agricultural commodity sourcing and business operations into North, Central and South America, further diversifying the company’s geographic reach beyond its current operations in Europe, Asia, the Middle East and Africa.
The expansion was facilitated by a strategic agreement between Sadot’s agri-food operations and the newly formed Buenaventura Trading LLC (“Buenaventura”) based in Miami, Florida. The Buenaventura team brings a wealth of experience and exposure to new trade routes throughout the Americas by adding to Sadot several trade consultants and consultants with backgrounds from many of the largest international food supply chain organizations.
In order to support expansion into the Americas and our agreement with Buenaventura, Sadot LLC has created a new subsidiary, Sadot Latam LLC. This agreement represents an important milestone for Sadot as it provides access to new trade routes emerging in North America to markets in Central and South America. The planned US trade routes are intended to generate cumulative value for the company by tapping into the booming market demand for agricultural products across Central and South America. This planned expansion is expected to solidify Sadot’s position as an emerging entity in the global commodity trading industry.
“Expanding and diversifying our trade routes to include transactions in the Americas is fully consistent with our growth strategy,” said Michael Roeper, CEO of MMI. “We believe this collaboration with Buenaventura Trading and its team of experienced consultants will not only enhance our market presence, but also enable us to deliver greater value to our clients and stakeholders. With new relationships and new geographies forged, we anticipate the ability to continue to expand our revenue stream.”
Expansion into North, Central, and South America positions Sadot and MMI to continue growing as the company grows its global supply chain business. With an enhanced trade network that spans the Americas, Sadot is well positioned to pursue its goal of seizing market opportunities and driving exponential growth for the company and its shareholders.
About Muscle Maker, Inc. (“MMI”)
MMI is an emerging company in the global food supply chain sector. MMI and its agri-food subsidiary, Sadot LLC, connect producers and consumers around the world, bringing agricultural commodities from producing geographies such as the Americas, Africa and the Black Sea to consumer markets in Southeast Asia, China and the Middle East/North Africa (MENA) region.
MMI and Sadot currently operate within two pillars of the global food supply chain including 1) global agricultural commodity sourcing and trading operations for food/feed products such as soybean meal, wheat and corn and 2) food service operations with over 50 restaurants worldwide. United State
MMI and Sadot continue to grow in size, diversification of operations, as well as in human and financial capital, but the principles that have guided the company remain the same – sourcing and providing healthy foods. The corporate headquarters are located in Ft. Worth, Texas with offices and operations in the United States, Dubai, Israel, Singapore, Ukraine and Zambia. For more information, please visit the website www.musclemakerinc.com.
Forward-looking statements
This press release may include “forward-looking statements” pursuant to the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. To the extent the information presented in this press release discusses financial projections, information or expectations regarding our business plans, or results of operations, products, markets, or otherwise make statements about future events, these statements are forward-looking. These forward-looking statements can be identified by the use of words such as “should,” “may,” “intend,” “expect,” “believe,” “estimates,” “project,” “forecast,” “expect,” “plan,” and “suggest.” Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from these forward-looking statements.We encourage you to carefully review and consider any cautionary statements and other disclosures, including In that statements made under the heading “Risk Factors” and elsewhere in documents we provide from time to time to the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are included, and Muscle Maker, Inc. does not warrant We undertake no duty to update any forward-looking statements, except as may be required by law.
Investor Relations:
Frank Bujubela
Senior Vice President
Integrated communications
W – 951.946.5288
e – IR@musclemakergrill.com
source: Muscle Maker, Inc.
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