Petrone Foodworks, Inc. acquired Petrone Worldwide, Inc., in a reverse merger transaction.
April 23, 2014 at 12:00 am
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Petrone Foodworks, Inc. acquired Petrone Worldwide, Inc. (OTCPK:PFWI), in a reverse merger transaction, on March 3, 2014. Pursuant to the terms, Petrone Worldwide, Inc. issued approximately 1.8 million shares to Victor Petrone, shareholder of Petrone Foodworks.
Petrone Foodworks, Inc. completed the acquisition of Petrone Worldwide, Inc. (OTCPK:PFWI), in a reverse merger transaction, on March 3, 2014.
Petrone Worldwide, Inc. (Petrone Worldwide) is an importer and distributor of commercial grade tableware products, decorative hotel guest room amenities, lavatory and bathroom fixtures and furniture, food and beverage service items, and trendy accessories for the Asian and the European marketplaces. The Company's brands include Front of the House and Room 360. Petrone Worldwide sells and markets products under its own name and acts as a distributor primarily to companies to the hospitality trade. The Company's product lines consist of hotel groups, such as Marriott Hotel Brands, The Four Seasons Hotel & Resorts, Hilton Worldwide, Hyatt Hotels & Resorts, Starwood Hotel & Resorts, and Fairmont Hotel & Resorts, and smaller hotel chains and upscale restaurants. The Company sells product lines, such as front of the house collection and room360 degree back of the house collection.
PETRONE WORLDWIDE, INC. 
