Petrone Worldwide, Inc. (OTCMKTS:PFWI), leader in the hospitality industry with global operations capabilities, announced today its financial results for the second quarter and six months ended June 30, 2017.
Petrone Worldwide, Inc. (OTCMKTS:PFWI), today announces that it has retired $175,000 in toxic debt. Discussions with its remaining debt holders and a private investor for the acquisition and subsequent retirement of substantially all of the company's outstanding convertible debt.
Petrone Worldwide, Inc. (OTCMKTS:PFWI), Bulk water supplies are used for both everyday and emergency situations and include applications related to potable and non-potable water delivery systems and subsystems such as transmission and distribution pipelines, ship and aircraft transport, and water tankers/wagons. Adequate water quality must be maintained in the bulk water filling, storage, transportation and distribution system/process so that safe water can be delivered to users.
Petrone Worldwide, Inc. (OTCMKTS:PFWI), is a leader in the hospitality industry with global operations capabilities, with more than 150 new products debuting and available in inventory. Petrone's commitment to grow sales through innovative trend-right and problem-solving new products will meet consumer demand. These products range from dinnerware designed to meet the challenges in high-volume foodservice environments to handicrafts uniquely crafted to enhance the experience of the consumer.
Petrone Worldwide, Inc. (OTCMKTS:PFWI), a leader in the hospitality industry with global operations capabilities, announces its official purchase of inventory to meet the increased demand in the European and India Marketplace. PFWI's founder, Victor Petrone, has spent over 20 years building a significant global network of institutional hospitality industry buyers (hotels, resorts and restaurants). PFWI is the exclusive importer and distributor for renowned brands. PFWI focuses as an importer and distributor throughout Europe and India for hospitality solutions for the finest hotels, restaurants and design firms worldwide, offering the hospitality industry an eclectic mix of materials and chic product options. This new inventory will increase PFWI revenue for the next two quarters at a rate faster than the company had previously projected.
Petrone Worldwide, Inc. (OTCMKTS:PFWI), a leader in the hospitality industry with global operations capabilities, announces today the signing of a strategic alliance with Dewan & Sons. Dewan & Sons India, a leading Houseware articles export house with an established presence in the United States has appointed Petrone as the North American exclusive agent, with this strategic alliance to undertake direct sales and JIT distribution to all Dewan customers in North America. "The value-added warehousing and distribution (VAWD), dedicated contract carriage (DCC), domestic transportation management (DTM) of PFWI coupled with JIT and lean inventory management will be a significant cost savings for Dewan and will create a projected $5,000,000+ in new revenue for PFWI adding dramatic value to the company and its shareholders," said Victor Petrone, CEO and founder of PFWI.
Petrone Worldwide, Inc. (OTCQB:PFWI), a leader in the hospitality industry with global operations capabilities, announces today that it has officially uplisted from the OTCPink Exchange to the OTCQB Venture Exchange as of December 7, 2016. PFWI had stated in an earlier press release that the Company would uplist to the OTCQB before the end of the 2016 fiscal year and is pleased to announce that everything has been completed way ahead of schedule.
Petrone Worldwide, Inc. (OTCPink:PFWI), a leader in the hospitality industry with global operations capabilities, announces today that it has solidified its plans to uplist from the OTCPink Exchange to the OTCQB Exchange by the end of the 2016 fiscal year. PFWI has been growing exponentially in the past few months and has been a voluntary reporting company, making SEC filings and disclosures for several years.
Petrone Worldwide, Inc. (OTCPink:PFWI), a leader in the hospitality industry with global operations capabilities, has begun its warehousing center operations to provide contract logistics in the third quarter of 2016. In addition to current business, serviced distribution and product handling for The Home Depot, TJ Maxx, Home Goods and Marshalls stores are expected to significantly increase. CEO Victor Petrone said, "we are so pleased to be increasing our business with these amazing companies which will dramatically increase revenues in 2017." Providing customer-focused solutions to a wide range of industries including consumer, retail and manufacturing; PFWI's innovative supply chain solutions, skilled people and regional coverage bring together all aspects of contract logistics in addition to a wide range of integrated, value-added and specialized services and it is forecasted to correlate into a significant revenue source for 2017.
Petrone Worldwide, Inc. (OTCPINK:PFWI) (the "Company") is pleased to announce that it has entered into definitive agreements to obtain up to $5 million dollars in financing in the form of an equity line. In addition, the Company signed a securities purchase agreement providing for the issuance of up to $385,000 in convertible debentures (the "SPA") to the investor, Peak One Opportunity Fund, L.P. (Peak One).