Subject: OTC: HBIS Financial Results are 🔥 Revenue Increase of 59%

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HBIS Reports Solid Progress with Strong Financial Results - Company Gaining Momentum Prior to Big Product Launch.

Home Bistro, Inc. (OTC: HBIS)


Price: 1.25

Change (%): + .20 (19.05%)

Volume: 1,190


Home Bistro, Inc. Reports Financial Results for Nine Months Ended September 30, 2020

Revenue Increases 59% During First Nine Months of 2020 and Third Quarter Revenue Increases 54% over Same Period for Previous Year

MIAMI BEACH, Fla., Nov. 17, 2020 (GLOBE NEWSWIRE) -- Home Bistro, Inc. (OTC: HBIS) (“Home Bistro” or the “Company”), a leading provider of chef-prepared, home-delivered healthy gourmet meals, today announced financial results for the nine-months ended September 30, 2020. The Company reported that total revenue for three month and nine month periods ended September 30, 2020 increased 54% and 59%, respectively, compared to the same periods in 2019. Zalmi Duchman, Home Bistro CEO stated, “This solid year-over-year revenue growth was accomplished as we simultaneously established our own food preparation and fulfillment operation, transitioned to a publicly traded company and completed a name change. Now that we control production and fulfillment of our gourmet offerings, we believe profit margins as well as our competitive position will continue to improve.” Mr. Duchman continued, “With the imminent launch of our line of meals created by “Iron Chef” Cat Cora, we expect even further acceleration of our top-line growth beginning this fourth quarter.”

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