Gaithersburg, MD, Aug. 28, 2020 (GLOBE NEWSWIRE) -- Verus International, Inc. (“Verus” or the “Company”) (OTCQB: VRUS) is excited to provide the following update to highlight increases in senior and other staffing related to its North American operations. The Company is pleased to announce that it has named consumer products distribution expert Andy Dhruv to the newly-created role of President of Verus Foods (Americas). Mr. Dhruv will oversee sales, operations, and efforts of domestic product lines, including Big League Foods (“BLF”), Pachyderm Labs (“Pachyderm”), and future lines targeting the U.S. market.
Mr. Dhruv is an entrepreneur with deep roots in consumer and wholesale operations, having run and built companies involved in product creation and placement over the last decade. Mr. Dhruv will have a particularly important role in the build out of the Pachyderm division as he entered the CBD business in 2018 and has been part of the industry-wide effort to build CBD distribution networks from scratch, giving him access to trends and relationships in this evolving segment. Mr. Dhruv is an expert on retail distribution, with significant relationships and experience in a variety of product categories, particularly at the convenience store level. In addition to this senior position, Verus has been increasing its staffing at its Pachyderm division to manage expected growth.
“Given our growth expectations for Pachyderm and BLF, we felt that we needed someone with distribution and sales expertise to coordinate our efforts here in the U.S.,” explained Verus CEO Anshu Bhatnagar. “BLF will continue to operate independently, but our forecasts for both Pachyderm and BLF could lead to significantly larger merchandise flow if current trends prevail. We have barely penetrated either of our North American product categories and our list of potential retail customers is long, so we felt this was an important time to bolster our management team. Andy’s distribution network contacts will significantly increase our reach overnight, so we are excited to have him join the Verus team.”
Verus will provide updates on the Pachyderm products roll out and additional infrastructure enhancements in the near future.
About Verus International
Verus is a global, emerging multi-line consumer packaged goods (CPG) company developing branded product lines in the U.S. and on a global basis. The Company trades on the OTC market (OTCQB: VRUS). Investors can find real-time quotes and market information for the Company on www.otcmarkets.com. Additional information is also available at the Company’s website, www.verusfoods.com, and via the official Twitter feed @Verus_Foods, the Big League Foods subsidiary Twitter feed @BigLeagueFoods and the Pachyderm Labs subsidiary Twitter feed @PachydermLabs.
Safe Harbor Statement
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Contacts
Investor Contact:
MKR Group Inc.
Todd Kehrli or Mark Forney
vrus@mkr-group.com