NEW YORK, New York, KIBBUTZ YIFAT, Israel and VANCOUVER, BC, Jan. 24, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE:BOIL) (OTCQB:BEOLF) (Frankfurt: UH9) (“Beyond Oil” or the “Company“), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste and enhancing sustainability, today announced a transformative Master Distribution Agreement (the “US Master Distribution Agreement“) with Latitude Ltd. (“Latitude“), a New York-based importation, distribution, and logistics company. The US Master Distribution Agreement includes minimum monthly commitments totaling US$8.3 million during the fiscal year 2025.*
Approved on January 23, 2025, the US Master Distribution Agreement grants Latitude the right and license to market and sell the Beyond Oil product across the United States (the “Territory“). The term of the US Master Distribution Agreement is for five (5) years, which may be renewed for additional five (5) year terms, provided that the Master US Distribution Agreement has not been terminated by either party and that the parties have reached agreements on product pricing and minimum purchase requirements for years two through five.
Latitude will focus on selling to small and medium-sized food service customers while leveraging its sub-distributor network to achieve broad market penetration, allowing Beyond Oil to concentrate on securing strategic deals with larger, multinational customers, while Latitude drives growth and revenue in other market segments. The companies will work closely to ensure synchronized efforts, participating jointly in trade shows, coordinating market strategies, and aligning operations to maximize efficiency and impact. This collaboration will enable Beyond Oil to establish a steady cash flow from Latitude’s sales while expanding its reach to all customer levels in the United States with minimal overhead costs. Additionally, Beyond Oil will leverage Latitude’s logistics and supply chain expertise as a U.S.-based logistic partner, ensuring seamless distribution and efficient market penetration.
Strategic Benefits
- Revenue Growth and Market Reach: Latitude’s 2025 purchase commitment, which will be purchased throughout the year on a monthly basis, provides Beyond Oil with a revenue stream in 2025, while its sub-distributor network ensures the product reaches all customer tiers across the United States.
- Focus on Strategic Deals: By outsourcing sales to small and medium-sized customers, Beyond Oil can dedicate resources to securing larger, multinational accounts and advancing its long-term strategy.
- Cost-Efficient Expansion: This agreement enables Beyond Oil to expand its footprint without high overhead costs, generating cash flow while building a brand presence across the US market.
Laurel Eastman, President of Latitude commented: “I am committed …
Full story available on Benzinga.com
NEW YORK, New York, KIBBUTZ YIFAT, Israel and VANCOUVER, BC, Jan. 24, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE:BOIL) (OTCQB:BEOLF) (Frankfurt: UH9) (“Beyond Oil” or the “Company“), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste and enhancing sustainability, today announced a transformative Master Distribution Agreement (the “US Master Distribution Agreement“) with Latitude Ltd. (“Latitude“), a New York-based importation, distribution, and logistics company. The US Master Distribution Agreement includes minimum monthly commitments totaling US$8.3 million during the fiscal year 2025.*
Approved on January 23, 2025, the US Master Distribution Agreement grants Latitude the right and license to market and sell the Beyond Oil product across the United States (the “Territory“). The term of the US Master Distribution Agreement is for five (5) years, which may be renewed for additional five (5) year terms, provided that the Master US Distribution Agreement has not been terminated by either party and that the parties have reached agreements on product pricing and minimum purchase requirements for years two through five.
Latitude will focus on selling to small and medium-sized food service customers while leveraging its sub-distributor network to achieve broad market penetration, allowing Beyond Oil to concentrate on securing strategic deals with larger, multinational customers, while Latitude drives growth and revenue in other market segments. The companies will work closely to ensure synchronized efforts, participating jointly in trade shows, coordinating market strategies, and aligning operations to maximize efficiency and impact. This collaboration will enable Beyond Oil to establish a steady cash flow from Latitude’s sales while expanding its reach to all customer levels in the United States with minimal overhead costs. Additionally, Beyond Oil will leverage Latitude’s logistics and supply chain expertise as a U.S.-based logistic partner, ensuring seamless distribution and efficient market penetration.
Strategic Benefits
- Revenue Growth and Market Reach: Latitude’s 2025 purchase commitment, which will be purchased throughout the year on a monthly basis, provides Beyond Oil with a revenue stream in 2025, while its sub-distributor network ensures the product reaches all customer tiers across the United States.
- Focus on Strategic Deals: By outsourcing sales to small and medium-sized customers, Beyond Oil can dedicate resources to securing larger, multinational accounts and advancing its long-term strategy.
- Cost-Efficient Expansion: This agreement enables Beyond Oil to expand its footprint without high overhead costs, generating cash flow while building a brand presence across the US market.
Laurel Eastman, President of Latitude commented: “I am committed …
Full story available on Benzinga.com
NEW YORK, New York, KIBBUTZ YIFAT, Israel and VANCOUVER, BC, Jan. 24, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE:BOIL) (OTCQB:BEOLF) (Frankfurt: UH9) (“Beyond Oil” or the “Company”), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste and enhancing sustainability, today announced a transformative Master Distribution Agreement (the “US Master Distribution Agreement”) with Latitude Ltd. (“Latitude”), a New York-based importation, distribution, and logistics company. The US Master Distribution Agreement includes minimum monthly commitments totaling US$8.3 million during the fiscal year 2025.*
Approved on January 23, 2025, the US Master Distribution Agreement grants Latitude the right and license to market and sell the Beyond Oil product across the United States (the “Territory”). The term of the US Master Distribution Agreement is for five (5) years, which may be renewed for additional five (5) year terms, provided that the Master US Distribution Agreement has not been terminated by either party and that the parties have reached agreements on product pricing and minimum purchase requirements for years two through five.
Latitude will focus on selling to small and medium-sized food service customers while leveraging its sub-distributor network to achieve broad market penetration, allowing Beyond Oil to concentrate on securing strategic deals with larger, multinational customers, while Latitude drives growth and revenue in other market segments. The companies will work closely to ensure synchronized efforts, participating jointly in trade shows, coordinating market strategies, and aligning operations to maximize efficiency and impact. This collaboration will enable Beyond Oil to establish a steady cash flow from Latitude’s sales while expanding its reach to all customer levels in the United States with minimal overhead costs. Additionally, Beyond Oil will leverage Latitude’s logistics and supply chain expertise as a U.S.-based logistic partner, ensuring seamless distribution and efficient market penetration.
Strategic Benefits
Revenue Growth and Market Reach: Latitude’s 2025 purchase commitment, which will be purchased throughout the year on a monthly basis, provides Beyond Oil with a revenue stream in 2025, while its sub-distributor network ensures the product reaches all customer tiers across the United States.
Focus on Strategic Deals: By outsourcing sales to small and medium-sized customers, Beyond Oil can dedicate resources to securing larger, multinational accounts and advancing its long-term strategy.
Cost-Efficient Expansion: This agreement enables Beyond Oil to expand its footprint without high overhead costs, generating cash flow while building a brand presence across the US market.
Laurel Eastman, President of Latitude commented: “I am committed …Full story available on Benzinga.com Read MoreAdvisory, BEOLF, CSE:BOIL, News, Contracts, Markets, Press Releases Markets
