Beyond Oil secures $8.3 million master distribution agreement in the US with Latitude Ltd. -Beyond Oil (OTC:BEOLF)

New York, New York, Kibbutz Yifat, Israel, and Vancouver, British Columbia, Jan. 24, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE: boiling) (OTKCP: Beowulf) (Frankfurt: UH9) (“Beyond oil“or”a company“), an innovative food technology company dedicated to reducing the health risks associated with fried foods while lowering operational costs, reducing waste and enhancing sustainability, today announced a transformative master distribution agreement (” “Master distribution agreement in the United States“) with Latitude Ltd. (“latitude“), a New York-based import, distribution and logistics company. The US master distribution agreement includes minimum monthly commitments totaling $8.3 million through fiscal 2025.*

The U.S. Master Distribution Agreement was approved on January 23, 2025, granting Latitude the right and license to market and sell the Beyond Oil product throughout the United States (“provinceThe term of the US Master Distribution Agreement is five (5) years, and may be renewed for an additional five (5) years, provided that the US Master Distribution Agreement is not terminated by either party and that the parties reach agreements regarding product pricing and minimum purchase requirements. For years two to five.

Latitude will focus on selling to small and medium-sized foodservice customers while leveraging its sub-distributor network to achieve broad market penetration, allowing Beyond Oil to focus on securing strategic deals with larger, multinational customers, while Latitude drives growth and revenue in other areas. . Market sectors. The companies will work closely to ensure synchronization of efforts, jointly participate in trade shows, coordinate market strategies, and align operations to achieve maximum efficiency and impact. This collaboration will enable Beyond Oil to generate consistent cash flow from Latitude sales while expanding its reach to all levels of customers in the United States with minimal overhead costs. Additionally, Beyond Oil will leverage Latitude’s logistics and supply chain expertise as a US-based logistics 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 month-by-month basis, provides Beyond Oil with a revenue stream in 2025, while its network of sub-distributors ensures the product reaches all customer segments across the United States.
• Focus on strategic deals: By outsourcing sales to small and mid-sized clients, Beyond Oil can devote resources to securing larger, multinational accounts and strengthening its long-term strategy.
• Cost effective expansion: This agreement allows Beyond Oil to expand its footprint without high overhead costs, generating cash flow while building a brand presence throughout the U.S. market.

Laurel Eastman, President of Latitude, commented: “I am committed to using every tool available to establish Beyond Oil as a mandatory product in restaurants, schools, military facilities, catering, and related industries in the United States. Beyond Oil significantly reduces the production of carcinogens resulting from the breakdown of frying oils and thus has important implications for Health care savings.” Ms. Eastman has degrees in inorganic chemistry and mathematics and has taught at MIT and Tufts University. A former senior advisor to President Trump, Ms. Eastman has a diverse background in both business and science. Eastman previously worked closely with Secretary Perry at the Department of Energy for two years.

Jonathan Orr, CEO of Beyond Oil, commented: “The partnership with Latitude Ltd. Being our primary distributor in the US is a strategic move that allows us to achieve multiple goals simultaneously. Latitude’s experience and established network in the U.S. foodservice industry will enable us to rapidly expand into new markets, creating significant revenue streams while allowing our team to focus on long-term strategic opportunities with larger clients. Through this partnership, we will be able to effectively reach all levels of customers, from small and medium-sized enterprises to high-end restaurant groups, without bearing the burden of heavy operational expenses. Together, we’re paving the way for healthy, sustainable frying practices across the United States. It is worth noting that the minimum purchase commitments in this agreement provide us with a strong start until 2025“.

Didi Avner, CEO of Latitude, Note: “We are pleased to partner with Beyond Oil in the US. After extensive testing, we have witnessed first-hand the transformative impact of their product on health, sustainability and operational efficiency. Our network of sub-distributors and direct sales team are ready to offer this solution to customers nationwide. With the support of Beyond Oil, we are committed to a strong penetration strategy and are excited about the great potential of this partnership. Together we are redefining the American foodservice market and setting new standards for healthier, more sustainable frying operations“.

*Expected revenues do not reflect profits, and are subject to variable factors, including operational costs, licensing fees, and market conditions. and other factors in the forward-looking statement below. RReaders should take into account the fact that significant differences may occur in any potential future net numbers in this manner.

About Latitude Limited
Latitude Co., Ltd. is an international importer of specialty raw materials, a major distribution and logistics company headquartered in New York. Furthermore, Latitude serves its customers nationwide with specialized water treatment products, technical support and logistics services with over thirty years of international trade experience. Latitude maintains a strategic network of warehouses and shipping services throughout the United States to accommodate its customers. For more information, visit their website at: https://latitudeltdusa.com/about.html.

About Beyond Oil Limited
Beyond Oil Ltd. is an innovative food technology company focused on the global frying industry with patented solutions that enable healthier frying practices for people and the planet. Guided by its vision to become a global standard in frying operations for the foodservice and food processing industries, and with regulatory approval from the U.S. Food and Drug Administration and Health Canada, Beyond Oil dramatically reduces harmful compounds in frying oil, addressing cancer and cardiovascular risks associated with fried foods. The company’s technology provides foodservice operators with a cost-effective solution to deliver healthy, high-quality fried and processed foods while extending the life of the oil and reducing waste. For more information, visit: www.beyondoil.co.

communication
Jonathan Orr
Beyond Oil CEO and Co-Founder
Phone: +972 52-601-0680
info@beyondoil.co

Skye Mandel
Vice President of Sales and Business Development at Latitude
Phone: 516-381-9696
Sky@latitudeltdusa.com

arks | Capital markets advisors
North American Equity Desk
beyondoil@arxadvisory.com

Forward-looking statement and information

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