Weston, FL -- (ReleaseWire) -- 06/14/2017 --Petrone Worldwide, Inc. (OTCMKTS:PFWI), a leader in the hospitality industry with global operations capabilities, announces its official purchase of inventory to meet the increased demand in the European and India Marketplace. PFWI's founder, Victor Petrone, has spent over 20 years building a significant global network of institutional hospitality industry buyers (hotels, resorts and restaurants). PFWI is the exclusive importer and distributor for renowned brands. PFWI focuses as an importer and distributor throughout Europe and India for hospitality solutions for the finest hotels, restaurants and design firms worldwide, offering the hospitality industry an eclectic mix of materials and chic product options. This new inventory will increase PFWI revenue for the next two quarters at a rate faster than the company had previously projected.
Mr. Petrone believes that the potential for restauranteurs, hoteliers and design firms to easily access the products of PFWI is key; therefore, inventory in the market place is key. Growth in Q1 17 has increased by over 150% from Q1 16 predicated in large part on increasing standards of living and traveling in India, and other developing countries, making restaurant and hotel venues frequented while a recovery in the housing markets in the US and Western Europe, along with rebounding consumer confidence levels should also bolster sales gains causing global demand for major hoteliers to continue their growth and increase their supply chain requirements.
Petrone Worldwide, Inc. will continue to update both the public and shareholders on a regular basis by way of press releases, financial statements and other SEC disclosures.
About Petrone Worldwide, Inc. (OTCMKTS:PFWI)
Petrone Worldwide, Inc. is a leader in the hospitality industry with global operations capabilities. Now providing third party logistics for overseas manufacturing companies attempting to sell their goods in North America, PFWI sells and markets products under its own proprietary name and acts as distributor for a wide variety of companies to the hospitality trade.
For more information visit www.petroneworldwide.com.
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Source: Uptick Newswire