By: Dylan Sikes - AllPennyStocks.com News

Monday, December 14, 2015

In a report on the food & beverage industry, WeiserMazars notes that 2015 was expected to be a significant year for the industry. According to the report, most respondents to its survey expected growth in sales, profit and employment. WeiserMazars noted in its report that 92% of the respondents to its survey expected increased sales in 2015 and 80% expected higher net profits. Large firms expected average increase in sales of 22%, while small firms expected an increase of 19%. Average increase in net profit was expected at 21% at large firms and 20% at small firms.

The respondents to the WeiserMazars survey expected new customers to drive sales growth. New products were also expected to drive sales growth at both large and small firms in the food & beverage industry. Other factors that were expected to contribute to sales growth were increased awareness, increased selling prices and acquisitions.

Going forward the U.S. food and beverage industry is expected to remain robust as the economy continues to improve. The labor market data for the month of October and November has been encouraging, which augurs well for consumption. Increased consumption of course benefits the food & beverage industry.

The robust outlook is good news for Legacy Ventures International Inc. (OTCBB:LGYV), which recently entered the food & beverage industry through the acquisition of RM Fresh Brands of Toronto, Canada. RM Fresh Brands is engaged in the distribution of food and beverages across North America. RM Fresh Brands’ portfolio features highly desirable brands such as Boxed Water. The company specifically focuses on sustainable, category changing consumables.

RM Fresh Brands’ Boxed Water offers an alternative sustainable package for water consumption as it is packaged in a 100% recyclable carbon and not a plastic bottle. Boxed Water has a much lower carbon footprint. According to RM Fresh Brands, 1 truckload of Boxed Water cartons is equivalent to 26 truckloads of plastic bottles.

This morning, Legacy Ventures announced that its RM Fresh Brands subsidiary entered into an agreement with Sysco in Toronto. Sysco is a worldwide leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home.

Ron Patel, President of RM Fresh Brands, said that he looks forward to building a strong relationship with Sysco Toronto, to expand the distribution of Boxed Water and the company’s other portfolio of products.

Shares zoomed ahead over 7% on very strong volume as a result of today’s news with a few hours of trading to go in the day.

Copyright © 2015 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.