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Romana Food Brands Corp (RFBC) RSS Feed

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  ROMANA FOOD BRANDS CORP.






OTCBB: $RFBC 




http://romanafoodbrands.com








 







http://rfbcreport.com/









BOARD MEMBERS AND OFFICERS 

MORRIE FOGELBAUM 
CHIEF EXECUTIVE OFFICER 

JACK STEIN 
EXECUTIVE VICE-PRESIDENT 

EGIDIO FILIPPONE 
SECRETARY TREASURER 

PATRICK FILIPPONE 
VICE-PRESIDENT OF SALES - PASTA ROMANA 

BRUCE TAUB 
VICE-PRESIDENT OF LEGAL AFFAIRES 

ANTHONY PAPA 
DIRECTOR OF MERGERS AND ACQUISITIONS 

BERNARDO FILIPPONE 
CHAIRMAN OF THE BOARD 

EGIDIO FILIPPONE 
SECRETARY TREASURER 

MICHAEL FILIPPONE 
PRESIDENT - PASTA ROMANA 

ISABELLE TURCOTTE 
CHIEF FINANCIAL ADVISOR - PASTA ROMANA 

 


Romana Food Brands Corp, Formerly

Blackbird International,

Enters the $98 billion Canadian Food Processing Sector 




PR Newswire 

OAKVILLE, ON, Nov. 27, 2017 

Company Pivots to Build Footprint in Food Production Industry with Acquisition of Pasta Romana 

OAKVILLE, ON, Nov. 27, 2017 /PRNewswire/ - Romana Food Brands Corp (OTC Pink: RFBC), formerly Blackbird International is pleased to announce a corporate shift in focus with the acquisition of Pasta Romana. Due to the current advantageous nature of the Canadian food processing market, management has resolved to establish a position in industry, enabling the Company to capitalize on this profitable and thriving sector. 

Founded in 1996, Pasta Romana has become recognized for its classic Italian cuisine and authentic dishes derived from top quality ingredients. The Company also manufactures privately branded products, many of which are served in Montréal's most respected restaurants. Pasta Romana's product line includes fresh pasta, fresh filled pastas, tasty sauces & robust pestos. 

Due to the sheer volume Romana has created over the past couple decades, the establishment of a comprehensive food quality system has been foundational in maintaining the consistent integrity of excellent product quality. As a result of management's constant pursuit of excellence, Current production capacity reaches 2000 kg. in pasta and 1,000 litres of sauce per hour, produced in facilities equating to 40,000 square feet of AAA, HACCP and C-TPAT certified property.  

Pasta Romana has consistently invested in the research and evolution of premium recipes earning an outstanding reputation for its formulator's abilities to customize and deliver excellence according to distinct specification. "We have great expectations for the foreseeable future. With proven expertise in product development and retail understanding, management has effectively stayed on top of the trends, incorporating cutting-edge equipment and attentiveness to the needs of its growing client base. We are very pleased to be moving forward in this industry, and highly anticipate how we will emerge, strengthening Romana Foods as an industry contender, building corporate value for shareholders." stated John Pedder, President, Romana Food Brands Corp. 

The Company currently has a spectrum of major food outlets under contract such as Aldi, Costco, Imvescor, Loblaws, Maxi, Metro, Provigo, Sobeys, Super C and Trader Joe's. 

According to Agriculture and Agri-Food Canada statistics, the food and beverage processing industry is the second largest manufacturing industry in Canada in terms of value of production with shipments worth $105.5 billion in 2014; it accounts for 17% of total manufacturing shipments and for 2% of the national Gross Domestic Product (GDP). It's the largest manufacturing employer and provides employment for 246,000 Canadians. 

The Company expects to announce additions to the new board of directors soon. Due to the former business, WERPO, not being able to obtain the required financing to execute its projects, the determination has been made that the current acquisition has much stronger growth potential, creating a more lucrative investment opportunity for the Company and its shareholders. 

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise. 

SOURCE Romana Food Brands Corp 

Copyright © 2017 PR Newswire. All Rights Reserved 

 
 


Romana Food Brands Corp, Structures for Robust and

Targeted Growth, Announces the Appointment

of Morrie Fogelbaum, Distinguished CPA, CA and Consultant 




PR Newswire 

MONTREAL, Dec. 5, 2017 

MONTREAL, Dec. 5, 2017 /PRNewswire/ - Romana Food Brands Corp (OTC Pink: RFBC), is pleased to announce that following the acquisition of Pasta Romana, the Board of Directors of the Company has elected a new Chairman of the Board and CEO, with well over 4 decades of experience to drive the Company to its next level. 

The Board of Directors, as part of its strategy to formulate, produce and market its authentic Italian "Pasta Romana" selections, and privately branded products, will be diligently collaborating and working closely with Mr. Fogelbaum to realize the Company's short-term goal of increasing efficiencies and focusing corporate efforts on bringing sales into the $100 Million range within a relatively short period of time. 

Morrie Fogelbaum brings his experience of providing general business and audit consulting services to a wide range of clients. He has developed a highly skilled practice covering a full spectrum of industries including real estate, manufacturing, retail, automotive and health care, and providing assistance to countless small and medium-sized organizations in the establishment and operations of their businesses. 

Mr. Fogelbaum is highly recognized for his broad market insight, making him very instrumental in the process of helping businesses reposition themselves in their respective industries through comprehensive strategic planning. He has served both private and public sectors, enabling companies to secure financing, optimize day-to-day management, and position clients for successful mergers and acquisitions. 

"I anticipate an excellent year. Upon complete review of the potential in this Company, we expect a strengthening in momentum right out of the gates. I also want to announce our Board of Directors who have all committed to the vision we hold for Romana's future. Jack Stein serves as Executive Vice President, Patrick Filippone is VP of Sales, Bruce Taub is VP of Legal Affairs, Anthony Papa serves as Director of Mergers and Acquisitions, Egidio Fillipone is Secretary Treasurer. They are all highly skilled and talented. We are very pleased to be working together on such an exciting opportunity." stated Morrie Fogelbaum, Chairman of the Board. More details on them can be found at the Company's website: http://romanafoodbrands.com/team.html 

The Board of Directors have accepted the resignation of John Pedder, former President, effective immediately. 

Romana Food Brands Corp recently announced that due to the current advantageous nature of the Canadian food processing market, management has established a position in the industry, enabling the Company to capitalize on this profitable and thriving sector. The Company currently has a spectrum of major food outlets under contract such as Aldi, Colabor, Costco, Loblaws, Metro, Regitan, Sobey's, and Walmart. 

According to Agriculture and Agri-Food Canada statistics, the food and beverage processing industry is the second largest manufacturing industry in Canada in terms of value of production with shipments worth $105.5 billion in 2014; it accounts for 17% of total manufacturing shipments and for 2% of the national Gross Domestic Product (GDP). It's the largest manufacturing employer and provides employment for 246,000 Canadians. 

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise. 

For more information visit the Company's website at: http://romanafoodbrands.com/index.html 

SOURCE Romana Food Brands Corp 

Copyright © 2017 PR Newswire. All Rights Reserved 

https://www.otcmarkets.com/stock/RFBC/news 
 



Romana Food Brands Corp. Acquires Pizza Romana,

a Significant Pizza Manufacturer with Budgeted Sales

Revenues in Excess of $17 Million in its 2018 Fiscal Year 




PR Newswire 

MONTRÉAL, Dec. 7, 2017 

With Current Production Capabilities of 5,000 Pizzas Per Hour, the Company Moves to Bolster Market Position 

MONTRÉAL, Dec. 7, 2017 /PRNewswire/ - Romana Food Brands Corp. (OTC Pink: RFBC), is pleased to announce that following the acquisition of Pasta Romana, the Board of Directors have successfully concluded the acquisition of the Montreal based pizza manufacturer, a significant player in the industry, whose newly renovated facility will soon be equipped to produce in the range of 5,000 thin crust pizzas per hour and 5,000 rising crust or stuffed crust pizzas per hour. 

Boasting 60,000 square feet of manufacturing space, the facility has significant potential for on site future expansion. "This is a very significant milestone in our strategy to become a leader in the industry. We anticipate, that between our plans to grow the Pizza Romana brand, and the potential represented by private labelling, these delicious premium pizza products will become fundamental in our strategy for growth." stated Morrie Fogelbaum, CEO and Chairman of the Board. 

Pizza Romana currently produces pizza for Imvescor Restaurant Group Inc., under the "Mike's" private label, and has established distribution through Colabor, Costco, Loblaws, Metro, Regitan, Sobey's, and Walmart. 

The Company recently announced that its Board of Directors has elected a new Chairman and CEO, who comes with well over four decades of experience to drive the Company to its next level. The Board of Directors, as part of its strategy to formulate, produce and market its authentic Italian "Pasta Romana" selections and privately branded products, will be diligently collaborating and working closely with Mr. Fogelbaum to realize the Company's short-term goal of increasing efficiencies and focusing corporate efforts on significantly increasing  consolidated sales within a relatively short period of time. 

Romana Food Brands Corp. is committed to establishing itself as a leader in the thriving North American food manufacturing and processing industry. 

According to Agriculture and Agri-Food Canada statistics, the food and beverage processing industry is the second largest manufacturing industry in Canada in terms of value of production with shipments worth $105.5 billion in 2014; it accounts for 17% of total manufacturing shipments and for 2% of the national Gross Domestic Product (GDP). It's the largest manufacturing employer and provides employment for 246,000 Canadians. 

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise. 

For more information visit the Company's website at: http://romanafoodbrands.com 

  

SOURCE Romana Food Brands Corp 

Copyright © 2017 PR Newswire. All Rights Reserved 


https://www.otcmarkets.com/stock/RFBC/news 

 
 

Romana Food Brands Corp.(Romana)

Signs Letter of Intent to Acquire Michelis Egidio SNC di Michelis C.M.M.

(Michelis) - A Globally Expanding,

Premium Authentic Italian Cuisine



Producer

PR Newswire

OAKVILLE, ON, Jan. 16, 2018

With A Distinctive "Made in Italy" Savory Signature, Michelis Brings Romana Quality, Authenticity, and Annual Revenues in the Range of 19 Million Dollars

OAKVILLE, ON, Jan. 16, 2018 /PRNewswire/ - Romana Food Brands Corp. (OTC Markets: RFBC) announced today the signing of a binding letter of intent to acquire the northern Italian based specialty artisanal producer Michelis Egidio SNC di Michelis C.M.M. ("Michelis"). This strategic acquisition will add $19 million USD in Annual Revenue to the corporation.

Michelis.it (CNW Group/Romana Food Brands Corp)

Romana will acquire 100% of Michelis, which was founded in 1919 and specializes in the production of fresh, dried and frozen pasta, baked goods and a line of desserts. According to the letter of intent, the company will proceed with a formal due-diligence, and expects to sign a definitive agreement within the next month and close the acquisition on or before April 30, 2018.

Michelis supplies numerous restaurants and vendors, including the distinguished global Eataly Italian marketplace; an establishment comprised of a variety of restaurants, bakeries, retail merchandise vendors and cooking schools. Eataly delivers to the most discerning palates for fine Italian cuisine from New York to Tokyo, and will soon be opening in Toronto.

"The integration of Michelis branded products within our distribution channels makes this a perfect match" said Morrie Fogelbaum, Chairman of Romana. "Our objective of becoming the new Italian food leader is becoming a reality thanks to our Mergers and Acquisitions strategy bringing one acquisition and integration at a time. This brings us a step closer to our target of achieving $100 million in Revenue for 2018".

The company is developing new technology to create the next generation of food traceability and control to be equipped for the ever-growing risks associated with health matters and the protection of brand trademarks. This technology is being created in partnership with leading experts and will yield significant returns to shareholders of Romana Food Brands Corp.

About Romana Food Brands Corp.

Romana Food Brands Corp is an emerging leader in the authentic Italian Food sector.

For more information on Romana Food Brands Corp., please visit www.romanafoodbrands.com and for more information about Michelis, please visit www.michelis.it

 

 

SOURCE Romana Food Brands Corp

 


 
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