LOS ANGELES, CA , May 23, 2018 (GLOBE NEWSWIRE) — Pacific Ventures Group (OTC: PACV), an investment group concentrating on consumer products, food, beverage and alcohol-related industries, announced today that their subsidiary, Royalty Foods Partners, LLC, acquired San Diego Farmers Outlet, Inc. on May 1, 2018 and the transition has occurred very successfully.
“We have purchased a state-of-the-art Point of Sale System for the Farmers Outlet, bringing it into the 21st Century. We have remodeled the offices and added new products and accounts to increase business and revenues,” said Shannon Masjedi, CEO and President of Pacific Ventures Group.
San Diego Farmers Outlet is an established retailer and wholesale distributor of food, beverages and produce that generates more than $4 million annually. Pacific Ventures has increased the radius it serves from 25 to 50 miles and is constructing a new website that will allow its customers, restaurants in the San Diego area, to order on online.
The Farmers Outlet delivers to 120 customers with five trucks. “We believe the business can be significantly enhanced,” Mrs. Masjedi said. It has been in business for more than 35 years.
Pacific Ventures Group: An investment group concentrating in consumer products, food, beverage and alcohol-related industries, is a publicly-traded company based in Los Angeles, California. PACV attributes its success to the unique blend of our history, culture, brands, relationships, innovation, technology and most importantly, our leadership. It is famous for its product Snobar, blending ice cream with alcoholic beverages. For more information on PACV, please visit www.pacvgroup.com. (You need to be an adult to visit the section of the web site dedicated to Snobar.)
Forward-Looking Statement This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.