Home Bistro (OTC: HBIS), a leading online meal-delivery platform that offers celebrity chef-inspired, gourmet and lifestyle ready-made meals, is planning on rolling out a new three-tiered pricing plan, effective Aug. 1, 2022. The announcement comes after the company saw positive results from beta testing of the enhanced meal-pricing structure. “Over the past six months, we have spent considerable time studying ways to reduce our product costs while expanding our top line revenue and increasing gross profit margin,” said Home Bistro CEO Zalmi Duchman in the press release. “By analyzing the current market and closely studying the value proposition of alternative products, we believe we are now properly positioned to lowering prices for our customers. Recognizing that we offer a premium product, our goal was to offer our all of our meals for under $20 while maintaining our premium product positioning and increasing profitability. From the initial positive results of our beta test, we believe we can accomplish this as we continue taking aggressive measures toward decreasing our expenses, increasing our gross profit margin and achieving profitability in 2023.”

To view the full press release, visit https://ibn.fm/oOU3c

About Home Bistro Inc.

Home Bistro is a leading online platform that provides for the creation, production and distribution of direct-to-consumer, heat-to-eat, celebrity-chef-inspired gourmet meals. The company currently offers inspirations developed by Iron Chef Cat Cora, Ayesha Curry, Hungry Fan Chef Daina Falk, Master Chef Claudia Sandoval, Top-Chef All-Star Richard Blais, and celebrity pastry and dessert chef Melanie Moss; the company will soon be launching offerings from celebrity chefs Roblé Ali and Priyanka Naik. Home Bistro’s Model Meals lifestyle brand is a Whole30- and Paleo-approved, ready-to-eat, meal-prep service offering a weekly rotating menu that is prepared by professional chefs using only the highest-quality ingredients available; the brand is sourced responsibly and locally, and is delivered in sustainable, ecofriendly packaging. For more information about the company, visit www.HomeBistro.com.

NOTE TO INVESTORS: The latest news and updates relating to HBIS are available in the company’s newsroom at https://ibn.fm/HBIS

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