GREENSBORO, N.C., April 13, 2020 (GLOBE NEWSWIRE) — HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States (the “Company”), announced that in light of COVID-19 impacts to its local communities, it donated nearly 400 tons of fruits and vegetables to food banks within North Carolina, Georgia and Florida in the past two weeks. The company has also donated masks and gloves to hospitals near its Los Angeles operations center.
“We want to help our neighbors in any way we can in this difficult time,” said Joann Lam, president of HF Foods subsidiary Han Feng, Inc. and one of the founders of HF Foods Group. “The company is glad to have been able to donate more than a half million dollars’ worth of food to support the local nonprofit agencies in their distribution to families in need.”Ms. Lam said donation recipients in the Greensboro area included Second Harvest, Greensboro Urban Ministry, Salvation Army and Out of the Garden. Donations from Kirnland Food Distribution, an affiliate of the Company in Atlanta, went to the City of Atlanta, Butler St. Baptist Church, Goodr, Chris 180 Food Pantry, Another Change, Healing Hearts, Hosea Feed the Hungry, Traveling Angels Ministries, Umi and Iman Atlanta. The subsidiary of the Company in Ocala, Florida, New Southern Food Distributors, Inc., delivered donations to First Step and Interfaith Emergency Services.HF Foods has also been serving as a temporary supply source for local grocers whose regular supply chains have been interrupted by coronavirus-related public health measures.At its Los Angeles-area distribution center, HF Foods subsidiary Rong Cheng Trading donated a total of 50 cases of medical supplies to St. Jude Medical Center and Pomona Medical Center, including N95 face masks and gloves.“Our company is a part of this community, and we felt fortunate to have supplies available that could be used by health care providers during this critical time,” said CEO Peter Zhang. “We have also taken great care of our employees and customers by requiring the use of face masks and gloves in order for us to continue supporting the food supply chain.”About HF Foods Group Inc.HF Foods Group Inc., headquartered in Greensboro, North Carolina, is a leading marketer and distributor of fresh produce, frozen and dry food, and non-food products to primarily Asian/Chinese restaurants and other foodservice customers throughout the Southeast, Pacific and Mountain West regions of the United States. With 14 distribution centers along the U.S. eastern and western seaboards, HF Foods aims to supply the increasing demand for Asian American restaurant cuisine. With an in-house proprietary ordering and inventory control network, more than 10,000 established customers in 21 states, and strong relations with growers and suppliers of food products in the US and China, HF Foods Group is able to offer fresh, high-quality specialty restaurant foods and supplies at economical prices to its large and growing base of customers. For more information, please visit hffoodsgroup.com.Forward-Looking StatementsAll statements in this news release other than statements of historical facts are forward-looking statements which contain our current expectations about our future results. We have attempted to identify any forward-looking statements by using words such as “anticipates,” “believes,” “could,” “expects,” “intends,” “may,” “should” and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company’s actual results, events or financial positions to differ materially from those included within or implied by such forward-looking statements. Such factors include, but are not limited to, unfavorable macroeconomic conditions in the United States, competition in the food service distribution industry, particularly the entry of new competitors into the Chinese/Asian restaurant market niche, increases in fuel costs or commodity prices, disruption of relationships with vendors and increases in product prices, U.S. government tariffs on products imported into the United States, particularly from China, changes in consumer eating and dining out habits, disruption of relationships with or loss of customers, our ability to execute our acquisition strategy, availability of financing to execute our acquisition strategy, control of the Company by our Chief Executive Officer and principal stockholder, failure to retain our senior management and other key personnel, our ability to attract, train and retain employees, changes in and enforcement of immigration laws, failure to comply with various federal, state and local rules and regulations regarding food safety, sanitation, transportation, minimum wage, overtime and other health and safety laws, product recalls, voluntary recalls or withdrawals if any of the products we distribute are alleged to have caused illness, been mislabeled, misbranded or adulterated or to otherwise have violated applicable government regulations, failure to protect our intellectual property rights, any cyber security incident, other technology disruption, or delay in implementing our information technology systems, statements of assumption underlying any of the foregoing, and other factors disclosed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2018 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements.Investor Relations Contact:Gateway Investor Relations
Cody Slach or Charlie Schumacher
Tel 1-949-574-3860
HFFG@gatewayir.com
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