Petrone Worldwide Announces the Signing of a Strategic Agreement to Undertake Direct Sales and Distribution to All Dewan & Sons Customers in North America
Petrone Worldwide, Inc. (OTCMKTS:PFWI), a leader in the hospitality industry with global operations capabilities, announces today the signing of a strategic alliance with Dewan & Sons. Dewan & Sons India, a leading Houseware articles export house with an established presence in the United States has appointed Petrone as the North American exclusive agent, with this strategic alliance to undertake direct sales and JIT distribution to all Dewan customers in North America. "The value-added warehousing and distribution (VAWD), dedicated contract carriage (DCC), domestic transportation management (DTM) of PFWI coupled with JIT and lean inventory management will be a significant cost savings for Dewan and will create a projected $5,000,000+ in new revenue for PFWI adding dramatic value to the company and its shareholders," said Victor Petrone, CEO and founder of PFWI.
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