PLAINVIEW, NY--(Marketwired - October 25, 2016) - Italian Food & Beverage Corp. (OTC PINK: IFBC) IFBC is in the process of restructuring its business in order to optimize its position in the fast-growing food and beverage market. The company is in the process of forming new subsidiaries throughout Europe, Asia and the US for purposes of expanding its reach.
As was reported several months ago, after having conducted new market research for the Singapore market, IFBC opened a new subsidiary in Singapore, which is being overseen by Ms. Lai Chan, a 30-year veteran in the food business. This company, in collaboration and co-ownership with LabItaly and Itlalfoods Express, has opened a restaurant located inside The University of Singapore located at Nanyang Technological University http://miapizzaepastaexpress.com/.
Further, IFBC is in the process of opening its first mobile food and beverage stand to service the needs of The University's 23,400 students. This stand will feature the same standard of quality as the restaurant.
It is important to note that Miss Lai Chan has embarked upon a program of importing to the Asian market the following quality, Italian products: pasta, wine, olive oil, tomatoes, and organic food -- all under the umbrella of IFBC.
Miss Lai Chan Foo stated, "I could not be more pleased with the restaurant on which IFBC has worked so diligently. The Singapore market is ripe for this type of operation, and our importation of Italian products, including alcoholic beverages, will greatly enhance the food and beverage landscape in Asia."
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