JustKitchen Licenses MrBeast Burger and Other Brands from Virtual Dining Concepts for Multiple Asian Markets

JustKitchen Licenses MrBeast Burger and Other Brands from Virtual Dining Concepts for Multiple Asian Markets

TSXV: JK OTCQB: JKHCF FRA: 68Z

Consumers in Taiwan and Hong Kong to Continue Having Access to MrBeast Burger via the JustKitchen App and Third-Party Delivery Service Providers, with the Popular Brand Being Launched by the Company in Malaysia , Philippines and Thailand Later This Year

Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z) an operator of ghost kitchens specializing in the development of delivery-only food brands, announces that it has entered into an agreement (the " Agreement ") with Virtual Dining Concepts (" VDC ") to license the virtual branding rights to MrBeast Burger (" MrBeast Burger ") and other well known US delivery-only food brands in the Company's home market of Taiwan as well as in Hong Kong Malaysia Philippines Singapore and Thailand .

JustKitchen (TSXV: JK, OTCQB: JKHCF, FRA: 68Z) (CNW Group/Just Kitchen Holdings Corp.)

The terms of the Agreement include but are not limited to:

  • The license to sell MrBeast Burger food items via online, mobile, e-commerce and/or other internet-based ordering and delivery platforms as well as via walk-in outlets operated by JustKitchen;
  • Access to other brands including Mariah's Cookies™, Guy Fieri's Flavortown Kitchen™, Robert Irvine's American Heroes™, Buddy V's Cake Slice™, Steve Harvey's Family Food™, Mario's Tortas Lopez™ and the Real HouseBowls™;

The Company launched MrBeast Burger in December of 2021 via a separate arrangement that has been superseded by the Agreement. MrBeast Burger will continue to be available via JustKitchen in Taiwan and Hong Kong , while the brand is planned to be launched in Malaysia , the Philippines and Thailand later this year.

MrBeast Burger is the virtual restaurant brand that was launched in December 2020 by YouTube superstar and philanthropist, Jimmy Donaldson , in partnership with Virtual Dining Concepts. In addition to JustKitchen's locations in Taiwan and Hong Kong , individual items and combos from the MrBeast Burger menu are also available across the United States , the United Kingdom , France , the United Arab Emirates and Canada on a delivery-only basis. The brand features a creative menu of various styles of hamburgers and chicken sandwiches, among other items. MrBeast Burger opened its first physical store in September at American Dream Mall, New Jersey , United States .

Commonly known as MrBeast, Jimmy Donaldson is an American who has the fifth-most subscribed main channel on YouTube, with 104 million current subscribers and 17 billion total views to date. Regarded as YouTube's Viral Philanthropist for raising tens of millions of dollars for charity, MrBeast is credited with pioneering a genre of videos centered around expensive stunts and has become famous for his outlandish challenges and high-value giveaways.

VDC connects food brands with consumers through delivery-only restaurants in an affordable manner. VDC has provided over three thousand virtual restaurants to already formed brands so that brands can provide their food to consumers all around the world. Technology and efficiency are prioritized at VDC to help companies manage their brands effectively. VDC is co-founded by Robert Earl and Robbie Earl of Earl Enterprises which operates collection of restaurants includes Planet Hollywood, Buca di Beppo, Earl of Sandwich, Bertucci's, Chicken Guy!, Seaside on the Pier™,The Breakfast Club™ TooJay's, Brio, Italian Grille, Bravo Italian Kitchen and Café Hollywood™. More information about VDC can be found on its website: https://joinvdc.com/kitchens/ .

Management Commentary

"Providing the MrBeast Burger experience to even more consumers across Asia is exciting for JustKitchen. Great brands, tasty food, convenient service, affordable prices and strong partnerships are what our customers deserve. It is a privilege to work with VDC in order to offer all of that, and more, to them via this Agreement," said Jason Chen , Co-Founder and Chief Executive Officer of JustKitchen. "We are happy to continue offering consumers in Taiwan and Hong Kong with the MrBeast Burger brand, and later this year we should be able do the same for people in Thailand , the Philippines and Malaysia ," added. Mr. Chen.

Just Kitchen Holdings Corp. (the " Company " or " Just Kitchen ") is primarily an operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers and businesses. The Company currently operates in Taiwan , Hong Kong , the Philippines and Malaysia . It has also signed an agreement that will allow JustKitchen to sell several of its proprietary food brands in Japan and it has also signed a brand swap agreement in India . Where appropriate, JustKitchen utilizes a hub-and-spoke operating model, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering via its proprietary mobile food ordering app and other third-party ordering apps. Delivery is fulfilled by third-party companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.

For more information about the Company, please visit investors.JustKitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com .

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding the popular brand being launched by the company in Malaysia , Philippines and Thailand later this year. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021 , and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Just Kitchen Holdings Corp.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/October2022/18/c7531.html

News Provided by Canada Newswire via QuoteMedia

JK:CA
The Conversation (0)
JustKitchen Expands B2B and D2C Offerings Through New Arrangements

JustKitchen Expands B2B and D2C Offerings Through New Arrangements

TSXV: JK    OTCQB: JKHCF    FRA: 68Z

Workers and Consumers Now Have More Access to JustKitchen's Meals and Brands as the Company Broadens Both its Corporate Client Base and Convenience-Based Operations

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JustKitchen Opens New Ghost Kitchens and Secures More Locations in Hong Kong

JustKitchen Opens New Ghost Kitchens and Secures More Locations in Hong Kong

TSXV: JK OTCQB: JKHCF FRA: 68Z

The Company has also Hired Foodpanda's Former Head of Kitchens & Concepts, Ryan Ching , to be the Managing Director of its Business in the Region

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JustKitchen Expanding to Thailand via GrabKitchen Arrangement

JustKitchen Expanding to Thailand via GrabKitchen Arrangement

TSXV: JK OTCQB: JKHCF FRA: 68Z

Consumers in Thailand Will Soon Be Able to Enjoy JustKitchen's Own Master Don, K.Bao and Bodyfit Delivery-Only Brands

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JustKitchen Adds Famous BistroRYU Black Curry to Brand Portfolio

JustKitchen Adds Famous BistroRYU Black Curry to Brand Portfolio

TSXV: JK    OTCQB: JKHCF    FRA: 68Z

Taiwan Consumers Can Now Access BistroRYU's Black Curry Through Multiple Third-Party Delivery Services

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
JustKitchen Reports Financial Results for Third Quarter Ended June 30, 2022

JustKitchen Reports Financial Results for Third Quarter Ended June 30, 2022

TSXV: JK    OTCQB: JKHCF    FRA: 68Z

Having Surpassed $14 Million in Total Revenue in Fiscal 2022 so far, the Company is Focusing on Widening Margins, Eliminating Excess Costs and Optimizing Operations

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Ocumetics Announces Offering of up to $4 million of Secured Convertible Debentures

Ocumetics Announces Offering of up to $4 million of Secured Convertible Debentures

(TheNewswire)

Ocumetics Technology Corp.

Calgary, Alberta TheNewswire - May 15, 2024.  Ocumetics Technology Corp. (" Ocumetics " or the " Corporation ") (TSXV: OTC) (OTCQB: OTCFF) (FRA: 2QBO) announces that it proposes to complete a non-brokered private placement of secured convertible debentures having an aggregate face value principal amount of up to $4,000,000 (the " Principal ").  The debentures will be subject to an original issue discount of 6%, resulting in net available funds to the Corporation of up to $3,760,000 (the " Net Proceeds ").   Debentures will bear interest at rate of 18% per annum, compounded annually.  The Debentures will mature, and Principal and interest will be payable by the Corporation, on the date which is two years from the date of issue.  The Corporation may prepay the indebtedness under the debentures at any time upon ninety (90) days prior written notice, without penalty.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Starlink satellites hovering over telecommunications network.

When is the Starlink IPO Date and Can You Invest? (Updated 2024)

There's been a great deal of speculation surrounding a potential Starlink initial public offering (IPO).

Elon Musk's satellite internet business been referred to by many as the future of global connectivity, offering low latency and high speed in even the most remote locations. To date, the company controls roughly 6,000 satellites and boasts over 2.7 million subscribers, and the idea of an impending Starlink stock release date has investors excited.

The main reason for this interest is Musk's reputation in the investment space. Despite recent pitfalls at X, previously known as Twitter, the man has been involved in multiple highly successful and high-profile tech companies. Starlink itself is an offshoot of one of his other companies, SpaceX.

Keep reading...Show less
ARway SDK 3.1 Unveiled - Revolutionizing Large-Scale, Location-Based Augmented Reality Navigation

ARway SDK 3.1 Unveiled - Revolutionizing Large-Scale, Location-Based Augmented Reality Navigation

Third Major Release in 2024 Marks Dramatic Improvements In Indoor Navigation & Mapping

ARway.ai ("ARway" or the "Company") (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) is an AI powered Augmented Reality Experience platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision is pleased to announce the launch of ARway V3.1, a major update to its spatial computing platform providing augmented reality navigation and immersive experiences. The new V3.1 technology updates and features include major improvements to the range and accuracy of AR experiences across large scale venues and increased speed of deployment of AR indoor navigation experiences. The company believes these major improvements will drive additional revenue and additional global deployments ARway.ai currently has over 5000+ total accounts, with 5400+ maps created and 60+ pilots and trials. Demand for ARway is accelerating in from around the world for various use-cases and industries looking to leverage the Company's augmented reality and spatial computing technology

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Closeup of black building with Apple logo on it.

Apple Debuts AI-Powered iPads

At its highly anticipated Let Loose event on Tuesday (May 7), Apple (NASDAQ:AAPL) unveiled new products and updates focused primarily on enhanced performance, display technology and accessories for its iPad lineup.

Read on to learn about the company's new products and how market participants reacted.

Keep reading...Show less
Nextech3D.ai's AI Search Engine Powered by Nvidia GPUs Accelerating It's Production of 3D Models

Nextech3D.ai's AI Search Engine Powered by Nvidia GPUs Accelerating It's Production of 3D Models

New AI Increasing 3D Model production up to 40%

Search engine has over 200,000 3D models with unlimited color and texture variations

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nextech3D.ai Receives Large 3D AI Purchase Order from Blue Chip Enterprise Customer

Nextech3D.ai Receives Large 3D AI Purchase Order from Blue Chip Enterprise Customer

  • Nextech3D.ai Continues to Sign New & Renewal 3D Modeling Deals plus AR Visualization For Enterprise Ecommerce
  • Company Has Expanded into AI CAD-3D Rendering to Capture Larger Market Share

Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, and other major e-commerce retailers is pleased to announce that the Company has received an order for 1,000+ 3D AI models and over 4,000+ 3D AI digital photos in May with delivery set to begin in June with a contract value in the mid-six figures. This large enterprise order is a testament to the company's pioneering AI technologies and expertise in creating 3D models and now renderings of 3D models in 2K, 4K, and 8K for e-commerce enterprise customers across the globe

Nextech3D.ai CEO Evan Gappelberg commented, "This enterprise customer has recognized the significant ROI of 3D models in e-commerce and is now accelerating its purchasing of 3D models. Shopify has reported up to a 93% increase in CTR, a 250% increase in conversions, and a 40% reduction in returns by implementing 3D/AR models on their eCommerce websites. Nextech3D.ai is currently working directly with Amazon, the largest e-commerce marketplace, and some of the world's largest e-commerce retailers including Kohl's. We also offer "one-click integration'' with the largest eCommerce platforms including Shopify, BigCommerce, and WooCommerce, which have rolled out 3D/AR and set the standard for Web 3.0 in e-commerce.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×