Vancouver, British Columbia – June 2, 2016 – A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) is pleased to provide an update on its Buda Juice LLC investment.
Buda Juice has demonstrated significant growth since AIS’s investment in 2015 growing from 2 outlets in January 2015 to 24 store locations and 2 central kitchens currently in operation. This impressive growth has been fueled by both Canadian and USA operations of Buda Juice.
Buda Juice Canada has expanded to 10 stores in the Greater Toronto Area. Buda Juice Canada’s partnership with Longos, and Sobeys, Toronto’s most prestigious grocery chains is similar to Starbucks’ highly successful store within a store model. In November 2015 Buda Juice Canada opened its Toronto central kitchen able to service 25+ stores in the Greater Toronto Area.
Travis Bell, Buda Juice Canada’s CEO, and founder of Arthur’s Juice stated “We are very pleased with the progress of Buda Juice Canada and are excited about upcoming store openings.”
Buda Juice LLC has opened 14 stores in the Dallas/Fort Worth area, including one at the world renowned Cooper Clinic’s Craig Ranch, with two more stores slated to open in June, two more in July and a full pipeline of more stores in the coming months including a Rice Village store which will be Buda Juice’s first Houston store. In July 2015 it opened its state-of-the-art refrigerated central kitchen in Dallas with the capacity to service 100+ locations in Dallas/Fort Worth, Houston, Austin and San Antonio.
Horatio Lonsdale Hands, CEO of Buda Juice LLC said “Our top priority is quality, safety and customer satisfaction which generates high repeat business all of which has helped build our company with its brilliant team of juicers and ambassadors into what we believe is the new category leader in the raw, organic, “unprocessed’ retail store juice market in North America.”
Martyn Element, CEO of AIS said, “We are delighted to see the progress of Buda Juice and AIS is extremely happy with its investment. We look forward to another year of strong company growth and the expansion of the company in both Canada and the U.S.”
About Bud Juice
Buda Juice LLC, Co-Founded by Bernard Lucien Nussbaumer and Horatio Lonsdale-Hands, is the creator, owner and operator of 100% organic, cold-pressed, glass-bottled juice stores in North America. Buda Juice prides itself on its unbroken farm-to-customer cold chain process which features juice cold pressed at 35 degrees (versus the industry norm of 80 degrees). With the global health and wellness market on the rise and global sales of products promoting a healthy lifestyle predicted to hit a record high of $1 trillion (US) by 2017, Buda Juice is in prime position to capitalize on this ever-growing market.
About A.I.S. Resources
A.I.S Resources Limited a TSX-V listed investment issuer, was established in 1967 and is managed by seasoned professionals who have a long track record of success in the capital markets. Through their extensive business network, they identify and develop early stage projects worldwide that have strong potential for growth with the objective of providing returns for shareholders.
A.I.S. Resources Limited
President and CEO
A.I.S. Resources Limited
Marc Enright Morin
Corporate Development and Finance
ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.