Shifts Focus to Servicing Key Accounts and Expanding Retail and Direct-to-Consumer
LOS ANGELES, CA / ACCESSWIRE / April 8, 2020 / Pacific Ventures Group, Inc. (OTC PINK:PACV), a food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, today provided an operational and strategic update in light of current global upheaval related to the COVID-19 pandemic.
Ms. Shannon Masjedi, Pacific Venture Group's Chief Executive Officer, commented, "The evolving COVID-19 pandemic is impacting everyone and has led to challenging times from both a public health and economic perspective. In this time of uncertainty, global upheaval, and severe market volatility, Pacific Ventures Group is fortunate to have a dynamic team and platform with the ability to shift its business to areas of increased demand."
Masjedi continued, "Our retail business has seen an increase in traffic, which has corresponded to an increase of 40% in sales. Additionally, we have successfully shifted our business to service key accounts. These customers include hospitals, nursing homes, senior assisted living and rehab facilities and have witnessed an increase in business. We are also seeking to expand our direct-to-consumer business and increase our opportunities online."
Masjedi concluded, "Our team is fully operational and we are taking every precaution to keep our employees, vendors and customers safe and healthy. We have increased our sanitary procedures and remain vigilant with our effort to maintain an extremely clean and healthy working environment."
About Pacific Ventures Group, Inc.
Pacific Ventures Group, Inc. (OTCPINK:PACV) is focused on expansion within the consumer products, food, beverage and alcohol-related industries. For more information on PACV, please visit www.pacvgroup.com. (You need to be at least 21 years of age (legal age to consume alcohol) to visit the section of the web site dedicated to SnöBar.)
Safe Harbor Statement
Forward-Looking Statement: This press release may contain certain 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to, the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Investors Contact:
ir@pacvgroup.com
SOURCE: Pacific Ventures Group, Inc.
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