Beyond Oil Expands into Western Europe with Purchase Order from Mister Noodles Restaurant Chain in Spain

Rhea-AI Summary

Beyond Oil has announced its first direct purchase order in Western Europe from Mister Noodles, a Spanish restaurant chain. The order includes 10,000 daily doses of Beyond Oil's product for all 20 of Mister Noodles' restaurants across Spain. This marks a significant commercial milestone for Beyond Oil as it expands into Western Europe.

Jacob Tureman, CEO of Mister Noodles, expressed pride in being the first Spanish restaurant chain to use Beyond Oil, citing the opportunity to protect employee and customer health. The chain plans to display the Beyond Oil quality label in all its restaurants to raise awareness and encourage other establishments to focus on public health.

Jonathan Or, CEO of Beyond Oil, highlighted this order as a important step in the company's global outreach strategy. He noted that as the team gains experience, the sales cycle for commercial deals is shortening, facilitating expansion into other countries.

Positive

• Secured first direct purchase order in Western Europe
• Order for 10,000 daily doses of Beyond Oil product
• Expansion into 20 restaurants across Spain
• Customer plans to display Beyond Oil quality label in all restaurants
• Shortening sales cycle for commercial deals

Negative

• None.

Initial Order for All 20 of the Chain's Restaurants is Beyond Oil's First Direct Sale in Western Europe

VANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / October 15, 2024 / Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF) ("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, is pleased to announce that it has hit another commercial milestone with its first direct purchase order in Western Europe.

Mister Noodles, a restaurant chain based in Spain with 20 restaurants, has made a purchase order for 10,000 daily doses of the Beyond Oil product that will be integrated into all of their kitchens across Spain. Beyond Oil has shipped the product to Mister Noodles and expects to assist with onboarding into all of Mister Noodles' restaurants in the coming days.

Jacob Tureman, CEO and founder of Mister Noodles, states: "I am proud to be the first restaurant chain using Beyond Oil in Spain and to be introducing Beyond Oil products into all of my restaurants. We are compelled by the opportunity to protect the health of both our employees and clients and we are excited to show the Spanish population that we are serving healthier food to customers. We intend to include the Beyond Oil quality label in all our restaurants to strengthen awareness among diners and also to signal to other restaurants in Spain to shift focus towards public health and to demonstrate that it is possible to produce healthier fried food with Beyond Oil."

Jonathan Or, CEO of Beyond Oil, comments: "Our team has been working very hard to replicate our success in Israel into more populated countries around the world. This purchase order from Mister Noodles in Spain is a tremendous milestone in turning our global outreach strategy into a reality. As our team becomes more experienced in executing sales, onboarding, customer support and measuring initial outcomes, the sales cycle in our commercial deals is shrinking as we continue to advance into other countries to create value for our loyal shareholders."

About Beyond Oil Ltd.
Beyond Oil Ltd. is an innovative food tech company in the health sector, with over 15 years dedicated to solutions that mitigate cancer and cardiovascular risks in fried and processed foods consumed in our day-to-day lives. Beyond Oil provides a disruptive solution for food-processing and food-service companies striving to produce & serve healthier food, increase sustainability, while saving their costs. For more information, visit our website at: www.beyondoil.co.

Contacts
Jonathan Or
+972-4-6548975
CEO of Beyond Oil
info@beyondoil.co

Caroline Sawamoto
Investor Relations
1-647-691-9801
ir@beyondoil.co

Forward-Looking Statement and Information
The Canadian Securities Exchange has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking statements" within the meaning of the securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. In addition, we cannot assure that any patent will be issued as a result of a pending patent application or, if issued, whether it will be issued in a form that will be advantageous to us. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time at sedarplus.ca. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. The Company is not responsible for the contents of third-party websites.

SOURCE: Beyond Oil Ltd.

View the original press release on accesswire.com

FAQ

What is the significance of Beyond Oil's purchase order from Mister Noodles in Spain?

The purchase order from Mister Noodles represents Beyond Oil's first direct sale in Western Europe, marking a significant commercial milestone and expansion into a new market for the company (BEOLF).

How many restaurants will use Beyond Oil's product in Spain?

All 20 of Mister Noodles' restaurants across Spain will integrate Beyond Oil's product into their kitchens.

What is the size of the purchase order from Mister Noodles?

Mister Noodles has ordered 10,000 daily doses of Beyond Oil's product for use in their restaurants.

How does Mister Noodles plan to promote the use of Beyond Oil in their restaurants?

Mister Noodles plans to display the Beyond Oil quality label in all their restaurants to raise awareness among diners and encourage other restaurants to focus on public health.