WESTON, Fla., April 18, 2018 (GLOBE NEWSWIRE) -- Petrone Worldwide, Inc. ($PFWI), a worldwide leader in the hospitality industry, with global distribution and logistics capabilities, announces its shareholder update, and immediate focus for 2018 growth.
Petrone Worldwide Inc. seeks to be at the forefront of the consumer products hospitality industry by way of handling the complete sales, marketing, logistics, and warehousing; therefore, exploiting multiple revenue channels.
According to Statista
www.statista.com/statistics/257519/us-consumer-electronics-e-commerce-revenue/
(2017) In 2016, overall U.S. desktop retail e-commerce sales surpassed 291.8 billion U.S. dollars.
To execute this immediate growth the company signed an advisory contract with one of the industry’s top consultants Meridian IR. Victor Petrone CEO stated, “We could not be more excited to work with Meridian, we have already expanded our visibility in the market and are committed to engaging investors through its new and rebranded social media outlets.” With Meridian handling much more of the workload Victor Petrone is utilizing his ability to increase the company's product offering. Some of the major retailers we are currently working with in this billion-dollar industry are Walmart, The Home Depot, T.J. Maxx, HomeGoods, Marshalls, and Lowe’s. Details about these significant partnerships will be outlined in the near term.
In addition to our marketing strategy, Petrone is launching another facet to our business model launching a new website. www.PetroneTech.com will focus on consumer electronics and some of the most sought after tech in the market cryptocurrency mining equipment to mine the likes of Bitcoin, Ethereum, and Litecoin.
Petrone’s out of the box creativity and focus on increasing shareholder value is the company’s way of thanking the public for its patience as we strive for success in 2018. The company is making headway on cleaning up the balance sheet to better position the company financially and prevent further dilution as well as any reverse split. Last week Alpine Clearing notified the company of a delay in clearing sub penny securities which currently will prevent further conversions. Petrone Worldwide, Inc. will continue to update both the public and shareholders on a regular basis by way of press releases, social media outlets listed below, financial statements, and other SEC disclosures.
About Petrone Worldwide, Inc. (OTCQB:PFWI):
Petrone Worldwide, Inc. Operates in the hospitality industry with global operations capabilities. Now providing third party logistics services for overseas manufacturing companies attempting to sell their goods worldwide, PFWI sells and markets products under its own proprietary name and acts as distributor for a wide variety of companies within the hospitality trade. For more information visit www.petroneworldwide.com
Forward-Looking Statements Disclaimer:
This press release contains 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. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov
For further information, please contact:
Meridian IR & Consulting
323-364-3793
Petrone Worldwide Inc.
2200 N. Commerce Parkway
Suite 200
Weston, FL 33326