reports
Long Deng Responds to SEC Allegations
Long Deng Responds to SEC Allegations LONG ISLAND CITY, N.Y., June 10, 2022 (GLOBE NEWSWIRE) -- On May 31, 2022, the Securities and Exchange Commission (Commission) filed a civil lawsuit alleging civil violations of the federal securities laws against iFresh, Inc. (“iFresh” or the “Company”) and Long Deng, the company’s Chief Executive Officer throughout the period at issue in the Complaint, for not fully disclosing related party transactions, which, the Commission alleged made certain of the Company’s financial statements materially inaccurate. Mr. Deng, through one of his attorneys, Jac...
iFresh Provides Update on Operations
iFresh Provides Update on Operations NEW YORK, Jan. 06, 2022 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”), an Asian American grocery supermarket chain and online grocer, is providing an update to investors about the status of its operations. As previously disclosed, iFresh was delisted from the Nasdaq Stock Market on November 23, 2021 based on two continued listing deficiencies, so its common stock is currently traded on the OTC Expert Market under the ticker IFMK. While seeking to establish relationships with market makers to provide additional trading opportunities in it...
iFresh Announces NASDAQ Delisting
iFresh Announces NASDAQ Delisting NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (the “Company”) (NASDAQ: IFMK), a leading Asian American supermarket chain and online grocer, announced today that on November 19, 2021, the Company received notice from the staff of the Nasdaq Stock Market (the “Staff”) that the Nasdaq Hearings Panel (the “Panel”) has denied the Company’s appeal of the Staff’s September 22, 2021 decision to delist the common stock of the Company. Accordingly, the Company’s common stock will be delisted effective with the open of business on November 23, 2021. The C...
iFresh Partners with Tmall Global to Enter Cross-border Trade E-commer...
iFresh Partners with Tmall Global to Enter Cross-border Trade E-commerce Market in China NEW YORK, Nov. 10, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, today announced it has entered into a Master Product Supply Agreement (the “Agreement”) with Alibaba.com Singapore E-Commerce Private Limited (“Tmall Global”). This Agreement establishes a cross-border trade partnership, enabling iFresh to sell American food and products to China via Tmall Global’s cross-border e-commerce platform. N...
iFresh Receives Nasdaq Listing Determination
iFresh Receives Nasdaq Listing Determination Company to Request Hearing NEW YORK, Sept. 28, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (the “Company”) (NASDAQ: IFMK), a leading Asian American supermarket chain and online grocer, announced today that on September 22, 2021, Nasdaq notified iFresh that due to the Company’s continued non-compliance with Nasdaq’s annual meeting and filing requirements, as set forth in Nasdaq Listing Rules 5620(a) and 5250(c)(1), respectively, the Company’s securities were subject to delisting unless the Company timely requests a hearing before a Nasdaq Hearings P...
iFresh Reports a New Deficiency Notice Issued by Nasdaq
iFresh Reports a New Deficiency Notice Issued by Nasdaq NEW YORK, Aug. 30, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (NASDAQ: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it has received a notification letter (the “Notice”) from The Nasdaq Stock Market (“Nasdaq”) advising that, because the Company has not filed its Form 10-Q for the period ended June 30, 2021 (the “Form 10-Q”) and the Company remains delinquent in filing its Form 10-K for the fiscal year ended March 31, 2021 as stated in Nasdaq’s notification le...
iFresh Announces Exclusive Agency Agreement with Bit Farm Inc.
iFresh Announces Exclusive Agency Agreement with Bit Farm Inc. NEW YORK, Aug. 30, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, today announced that the Company has entered into an exclusive agency agreement (“Agreement”) with Bit Farm Inc. This agreement names iFresh as the exclusive distributor of Bit Silica + ® (“Bit Silica Plus”), a fertilizer that promotes plant growth. iFresh is authorized to market and sell Bit Silica Plus in the United States for the next twelve months, with a...
iFresh Announces Strong 2021 Harvest and Sales of Exotic Fruit Product...
iFresh Announces Strong 2021 Harvest and Sales of Exotic Fruit Products NEW YORK, Aug. 02, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), an Asian American grocery supermarket chain and online grocer, is pleased to announce that its sales of dragon fruit, lychee, and longan this year have been strong. The increase in sales is due to a bountiful harvest from Dragon Seeds, a 15-acre farm based in Vero Beach, FL, that specializes in organically-grown Mibao dragon fruit and exclusively supplies its dragon fruits to iFresh. Mr. Long Deng, Chairman of iFresh, ...
iFresh Announces Delivery Partnership with HungryPanda
iFresh Announces Delivery Partnership with HungryPanda NEW YORK, April 23, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer in the east coast of U.S., today announced it has established a partnership with HungryPanda, a global leading food delivery platform. The two parties entered into a service agreement on April 20, 2021, pursuant to which the partners have agreed to jointly launch an online perishable goods delivery service in New York. Headquartered in London, the UK, Hu...
iFresh Partners with E-commerce Platform Yami to Extend Online Marketp...
iFresh Partners with E-commerce Platform Yami to Extend Online Marketplace Business NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, today announced that it is partnering with Yami (formerly Yamibuy), an e-commerce platform based in Los Angeles, CA. This partnership extends iFresh’s fresh grocery, food products, and snack sales to Yami extensive nationwide network beyond iFresh’s current market through Yami’s direct-to-customer platform. The Company expects that the p...
iFresh Announces Entry into a Waiver and Amendment Agreement
iFresh Announces Entry into a Waiver and Amendment Agreement NEW YORK, April 06, 2021 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, today announced the Company, NYM Holding, Inc. (“NYM”), certain subsidiaries of NYM, Go Fresh 365, Inc., Mr. Long Deng (the “Loan Parties”) entered into a Limited Waiver and Amendment Agreement (the “Waiver Agreement”) with KeyBank National Association (“KeyBank” or the “Lender”) with respect to a Credit Agreement dated as of December 23, 2016, as amended, pur...
iFresh Announces Fiscal Second Quarter 2020 Financial Results
iFresh Announces Fiscal Second Quarter 2020 Financial Results NEW YORK, Nov. 24, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced the financial results for its fiscal second quarter ended September 30, 2020. For the second quarter 2020, the Company achieved total net sales of $24.2 million and gross profit of $4.8 million, a slight increase from the same quarter of 2019. The adjusted loss before income tax, depreciation and amortization was $2.4 million, resulting from the acq...
iFresh Launches E-commerce Site in English
iFresh Launches E-commerce Site in English Broadening Customer Base Through New PR Campaign NEW YORK, Aug. 28, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company") (Nasdaq: IFMK), a leading Asian American supermarket chain and online grocer, announced today that the Company launched its E-commerce site in English as part of its expansion efforts to reach out customers beyond the Chinese-speaking community. The Company has engaged Benvenuti Public Relations, a full-service public relations, marketing and social media firm specializing in the hospitality, food and beverage,...
爱新鲜推出线上商店英文版
爱新鲜推出线上商店英文版 通过新的公关活动扩大客户基础 纽约, Aug. 28, 2020 (GLOBE NEWSWIRE) -- 爱新鲜公司（以下简称“爱新鲜”或“公司”）（纳斯达克股票代码：IFMK），一家领先的亚洲美国连锁超市和网上食品商今天宣布该公司启动了其线上商品网站英文版本，为了增加服务范围以拓展华人社区之外的客户。 公司特别签约了一家成立于1993年的公关公司Benvenuti Public Relations进行合作，这是一家提供全方位服务的公共关系，市场营销和社交媒体公司，专门从事酒店，食品和饮料以及生活方式行业的公关公司。与该公司的合作将开启一项新的公关活动，旨在吸引新客户并提高公司品牌知名度。 这项新的活动预计以双语网站作为起点吸引更多客户关注，从而增加销售和在其他渠道的曝光率。 关于此次启动英文网站，爱新鲜首席执行官兼董事长邓龙先生表示：“随着大流行的继续，在线购物的热度继续攀升，从而增加了客户在网上购买食品杂货的需求。 最近，亚洲美食以其健康美味而享誉全球，尤其是在美国。作为领先的亚洲美国连锁超市和网上食品商之一，我们的双语网站为所有人提供了易于导航的浏览和购物体验。 客户将在网站上找到爱新鲜提供的各种类别的亚洲优质食品。我们期待为各种族裔的客户提供服务。” 有关更多信息，请访问或在Instagram上关注@onlineifresh。 ...
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爱新鲜宣布完成收购玖祥蓝天科技（北京）有限公司 纽约, Aug. 27, 2020 (GLOBE NEWSWIRE) -- 爱新鲜集团（以下简称“爱新鲜”或“公司”）（纳斯达克股票代码：IFMK）一家领先的亚洲美国连锁超市和网上食品商今天宣布已完成玖详蓝天科技（北京）有限公司（以下简称“玖祥”）的收购，玖详蓝天科技公司从事供应链金融服务，集成支付系统和预付卡营销业务系统（以下简称“收购”）。收购完成意味着玖详成为爱新鲜的间接全资子公司。 玖祥致力于提供供应链金融业务满足客户对绿色产品和服务的环保需求。公司打造的一套B2B2C（Business to Business to Consumer）电子商城为主体的供应链平台。其主要产品包括加油贝线上商城、单用途预付卡结算系统、供应链系统。 这些产品采用从源头到终端，由线上到线下一体化的运营模式，以现金的数字功能为客户提供包括从线上到线下的购物体验、数字支付系统及中小企业系统平台定制服务等。 根据并购协议，公司收购了玖祥100％的股权，以换取本公司5,036,298普通股和1,000股C系列可转换股。经公司股东批准，1000股C系列优先股将可转换为1,916,781股公司普通股。 爱新鲜主席邓龙先生评论说：“我们很兴奋完成此次收购，并在我们的业务中推出了玖祥的集成供应链技术。 通过此交易，爱新鲜决心在线上食品业务...
iFresh Announces Completion of Acquisition of Jiuxiang Blue Sky Techno...
iFresh Announces Completion of Acquisition of Jiuxiang Blue Sky Technology (Beijing) Co., Ltd. NEW YORK, Aug. 27, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, is pleased to announce that it has completed acquisition of Jiuxiang Blue Sky Technology (Beijing) Co., Ltd. (“Jiuxiang”), a technology company that engages in supply chain financial services, integrated payment systems, and prepaid card marketing systems (the “Acquisition”). As a result of the Acquisition, Jiuxiang has become ...
iFresh Announces Positive Net Income for First Quarter 2020 and Antici...
iFresh Announces Positive Net Income for First Quarter 2020 and Anticipates Continued Success from Strategic Acquisition with Jiuxiang Achieved net income of $3.6 million in 2020 Q1 compared to net loss of $3.4 million in 2019 Q1 NEW YORK, Aug. 24, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it has achieved positive net income in the first quarter ended June 30, 2020, and anticipates additional success due to the strategic acquisition of Jiuxiang Blue Sky Tech...
爱新鲜宣布2020年第一å£åº¦ç›ˆåˆ©ï¼Œå¹¶æœŸå¾…与玖祥的战略...
爱新鲜宣布2020年第一季度盈利，并期待与玖祥的战略收购将持续良好形势 2020年第一季度实现净收入360万美元，而2019年第一季度为净亏损340万美元 纽约, Aug. 24, 2020 (GLOBE NEWSWIRE) -- 爱新鲜集团（以下简称“爱新鲜”或“公司”）（纳斯达克股票代码：IFMK）一家领先的亚洲美国连锁超市和网上食品商宣布该公司在截至2020年6月30日的第一季度实现盈利，预计与玖祥蓝天科技（北京）有限公司的战略性收购将帮助公司扩张线上业务，带来持续盈利。 在该季度中，公司净收入为360万美元，相比去年同期为净亏损340万美元。 此外，公司在2020年第一季度达到每股收益0.15美元，而2019年同期是每股亏损0.19美元。 爱新鲜较2019年第一季度在净收益方面的改善，主要是由于毛利率增加; 减少销售和管理费用； 以及来自管理和广告费收入，租金收入以及彩票销售的收入增加。 爱新鲜首席执行官兼董事长邓龙先生评论道：“尽管在疫情期间零售行业面临许多挑战，但我们仍然很欣慰能够想市场公布第一季度实现盈利。我们的公司不仅在三年内首次实现季度利润，而且还在疫情期间通过在线食品杂货配送服务维持了消费者的需求并保持了销售业绩。” 首席执行官继续说道：“ 爱新鲜很幸运能够从事在线食品杂货配送业务。这项业务帮助弥补了在疫情居家隔离期间实体店关闭所造成的损...
iFresh Announces Entry into Definitive Agreement to Acquire Jiuxiang B...
iFresh Announces Entry into Definitive Agreement to Acquire Jiuxiang Blue Sky Technology (Beijing) Co., Ltd. Acquisition will strengthen iFresh’s e-commerce business model NEW YORK, Aug. 10, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it has entered into an acquisition agreement (the “Agreement”) to acquire 100% of Jiuxiang Blue Sky Technology (Beijing) Co., Ltd. (“Jiuxiang”). Jiuxiang is a technology company that engages in supply chain financial services, i...
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爱新鲜宣布达成最终协议收购玖祥蓝天科技（北京）有限公司 此项收购将加强爱新鲜的电子商务业务模式 纽约, Aug. 10, 2020 (GLOBE NEWSWIRE) -- 爱新鲜集团（以下简称“爱新鲜”或“公司”）（纳斯达克股票代码：IFMK）一家领先的亚洲美国连锁超市和网上食品商宣布已达成一项收购协议 （简称“协议”）收购玖详蓝天科技（北京）有限公司（“玖祥”）100%的股权。 玖祥是一家聚合支付系统、预付卡营销系统、 专注供应链金融业务的科技公司。公司提供的服务致力于满足客户对绿色产品和服务的环保需求。公司打造的一套B2B2C（Business to Business to Consumer）电子商城为主体的供应链平台。其主要产品包括加油贝线上商城、单用途预付卡结算系统、供应链系统。 这些产品采用从源头到终端，由线上到线下一体化的运营模式，以现金的数字功能为客户提供包括从线上到线下的购物体验、数字支付系统及中小企业系统平台定制服务等 根据该协议，爱新鲜将收购玖详100％的股权，以换取本公司5,036,298普通股和1,000股本公司C系列可转换优先股。 经公司股东批准，1,000股C系列优先股将可转换为 1,916,781股公司普通股。 C系列优先股与本公司A系列可转换优先股和B系列可转换优先股处于同等地位。 公司普通股的所有发行和转换均以每股1.40...
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