JustKitchen opens two ghost kitchen locations in Malaysia

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The Company has also appointed Warren Wang as Chief Executive Officer in Malaysia lead the growth of the company in the new market

VANCOUVER, BC, June 15, 2022 /CNW/ – Just Kitchen Holdings Corp. (“JustKitchen” or the “Company”) (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z), a technology-driven ghost kitchen operator specializing in the development of delivery-only food brands, is pleased to announce the opening of two new ghost kitchen locations in Malaysia (there “New locations“). The first location is located in a COOX Kitchens facility in the Glo Damansara Mall (the “Mall“) in Petaling Jaya (there “Location of the PJ“), which opened in late May. The second location is a stand-alone Spoke near the mall in Kuala Lumpurin the Pavilion district in Bukit Bintang (“Location of Bukit Bintang“) and is expected to open in late June. The company will use GrabFood, Foodpanda and Shopee Food as delivery service partners for the new locations.

JustKitchen (TSXV: JK, OTCQB: JKHCF, FRA: 68Z) (CNW Group/Just Kitchen Holdings Corp.)

The PJ location is expected to benefit from the efficiency of a shared commercial kitchen, and JustKitchen will occupy two of the facility’s 26 kitchen stalls. Initially, JustKitchen offers an assortment of food brands that own and partner with this location, including MrBeast Burger, Another Wing, and BIT Beef Noodles. The Mall is a six-story shopping mall located in Kuala Lumpur, Malaysia which houses a supermarket, offices, restaurants and retail stores.1 The Company also plans to open six to ten additional locations in and around Klang Valley in the suburbs of Jalan Ampang, Mont Kiara, Bangsar, Sri Petaling, Puchongand Putrajaya/Cyberjaya. .

Bukit Bintang Location is located within walking distance of the commercial and tourist center of Kuala Lumpurwhich will also soon house the 106-story Tun Razak Exchange Tower – the city’s new financial hub. Bukit Bintang is the most important retail belt of many shopping and entertainment complexes in the heart of Kuala Lumpur. The Bukit Location measures over 3,400 square feet and includes space for delivery and takeout services, as well as a self-service dining area and will also serve as a mini-hub. An additional 3,400 square feet is to be used for JustKitchen’s headquarters to Malaysia. Bukit Bintang Location will prepare dishes from the menus of MrBeast Burger, Another Wing, BIT Beef Noodles, Curry Don, Body Fit, Thai High, Hutong, the pork-free version of In-Luck Taiwanese Delicatessen and Kitsutaya Curry, as well as pizza, boba tea and American breakfast brands will be launched in the near future.

The Company also announces the appointment of warren wang as Managing Director of JustKitchen in Malaysia, who was hired to oversee the new locations and future business development in the new market. Mr. Wang is the former general manager of Dave and Buster’s Taiwan; he has extensive experience in the international hospitality industry as well as in the restaurant and lifestyle sectors. Warren has worked with Grand Hyatt Taipei, Ambassador Hotel Group and Warner Village Cinemas Taiwan.

Management commentary

“We are pleased to open two ghost kitchen locations in Malaysia and offer a variety of popular brands to consumers in and around Kuala Lumpur. We are grateful for the opportunity to extend JustKitchen to Malaysia and its densely populated communities,” said Jason Chen, co-founder and CEO of JustKitchen. “I am confident that the new sites will be under strong management with warren wang as the new General Manager in the region and that as a team we will work to provide high quality food to a continuous set of new customers across Malaysia“, added Mr. Chen.

ABOUT JUSTKITCHEN

JustKitchen is primarily a technology-driven and enabled ghost kitchen operator specializing in the development and marketing of proprietary and franchised food brands for delivery only to customers. The Company currently operates in Taiwan, Singapore and hong kong with plans to expand its operations to other Asian countries. JustKitchen uniquely utilizes a hub and spoke operating model, which includes advanced food preparation in larger central kitchens and final meal preparation in smaller spoke kitchens located in high-density areas. The company combines this operating model with online and mobile app-based food ordering performed by third-party delivery companies, to minimize capital investment and operating expenses and reach more customers on underserved markets. The company’s other business, JustMarket, is an online grocery delivery platform that allows customers to purchase groceries for delivery or add certain grocery items to meals ordered through JustKitchen. .

For more information about the Company, please visit investors.justkitchen.com. JustKitchen’s final prospectus, financial statements and MD&A, among other documents, are all available on the company’s profile page on SEDAR at www.sedar.com.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This press release contains certain “forward-looking statements” within the meaning of such statements under applicable securities laws. Forward-looking statements are often characterized by words such as “expects”, “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “expects”, ” believes”, “may”, “will”, “potential”, “proposed”, “positioned” and other similar words, or statements that certain events or conditions “may” or “will” occur, including , but not limited to, the Company’s comments regarding the PJ location which expects to benefit from the efficiencies of a common commercial kitchen and opening in late May; the opening of the Bukit Bintang site at the end of June; use GrabFood, Foodpanda and Shopee Food as delivery service partners for new locations; and the upcoming launch of pizza, boba tea and American breakfast brands. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are based on the opinions and estimates of management as of the date they are made and are subject to various risks, including the risk factors identified in the Company’s prospectus dated March 26, 2021, and the uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. expressly requires.

NOTES

  1. “Glo Damansara Mall”, Travel Advisor, 2022, https://www.tripadvisor.com/Attraction_Review-g298570-d10717941-Reviews-GLO_Damansara_Mall-Kuala_Lumpur_Wilayah_Persekutuan.html

SOURCEJust Kitchen Holdings Corp.

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