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Barfresh Food Group Inc. through its wholly owned subsidiary Smoothie Inc. is a manufacturer and distributor of ready-to-blend beverages. Barfresh Food Group Inc. has acquired the intellectual property for its unique “ready to blend” ingredient packs (including the patent pending rights) for North America. This unique system combines all the ingredients of a great smoothie into an individually pre-portioned pack that contains real fruit pieces, low fat frozen yogurt or sorbet, fruit juice and even the ice. When blended with water, it produces a smoothie that rivals any top juice bar product. It`s quick and easy to make, cost efficient, healthy, provides a consistent product and no wastage. Barfresh Food Group Inc. and Barfresh Food Group Pty Ltd in Australia (“Barfresh Australia”) are under common control. Barfresh Australia began manufacturing and selling SMOO® smoothie packs in 2005. It currently provides the smoothie packs to a number of quick service restaurant chains as well as many other food outlets throughout Australia and other countries, including SUBWAY® Restaurants in Australia and New Zealand, as well as Krispy Kreme stores in Australia. Barfresh Food Group Inc. intends to follow a similar business model in North America as that of Barfresh Australia. The Company intends to sell ready-to-blend beverage ingredient packs primarily to restaurant chains in the fast food and fast casual dining sector as well as retail grocery stores.
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