Weston, FL -- (ReleaseWire) -- 09/06/2017 -- Petrone Worldwide, Inc. (OTCMKTS:PFWI), leader in the hospitality industry with global operations capabilities, announced today its financial results for the second quarter and six months ended June 30, 2017.

Three Months Ended June 30, 2017 and Recent Business Highlights

- Total revenues for the three months ended June 30, 2017 increased by 98% compared to the corresponding period of 2016.

- Reported results include approximately $90,516 in non-recurring expenses related to professional fees incurred

- On June 14, 2017, the Company Purchases Inventory to Satisfy the Increased Demand in the European and India Marketplace to strategically transition the Company and accelerate the Company's growth and expansion plans and subsequent to the three month period ended June 30, 2017, the Company has consummated a multi-million dollar forecasts for insights-driven transactions with large brands under exclusive agreement.

Victor Petrone, Petrone Worldwide's Chief Executive Officer commented, "My clear mission as CEO is to drive long-term growth and unlock sustainable value for all our shareholders. Since the end of June, the new focus has begun by implementing new initiatives that leverage the full capabilities of our innovative platform with the goal of differentiating us within the hospitality and retail industry. The key element of our new strategy is the leveraging of our unique geographical footprints and slated e-commerce website platform assembled to help brands drive more effective campaigns."

"Petrone Worldwide's relationships and know-how to properly market a data-driven offering will guide our repositioning and the focus on large dollar transactions that are syndicated over multiple years with recurring revenues. Over the long-term, these larger, multi-year deals will provide us with a more stable foundation to accelerate growth and drive increased visibility into future revenues," Petrone concluded. "In the near term, as we advance our strategic transition efforts, we will be focused on securing new business. The announcement of new customers and larger deals will be the most effective way to track our progress and based on our bookings to date, we expect quarterly revenues to increase year-over-year and be sequentially higher than the second quarter, and our operating and net losses should narrow in the absence of non-recurring costs related to activities that occurred and concluded in the second quarter."

Year to Date Financial Summary

Total revenues for the six months ended June 30, 2017 increased 112% compared to the total revenues in the corresponding period of 2016. This increase was driven by an increase in new item revenues, as the Company continued to expand its direct sales force and increase its customer base.

Balance Sheet Summary

The Company completed the second quarter with $3.7 million in net income compared to -$508,576 at June 30, 2016. Management believes that our current cash levels and our cash flows are below average; although, from future operations will be adequate to meet anticipated working capital needs, anticipated levels of capital expenditures and contractual obligations for the next twelve months.

On September 05, 2017, and subsequent to the end of the second quarter, the Company completed the retirement of $175,000 of toxic debt in an effort to pay outstanding principal, accrued and unpaid interest with respect to the Company's indebtedness of convertible debt loans. The company currently trades on the OTCQB Venture Market and has plans on up-listing to the OTCQX Market by year end; December 31, 2017.

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.

Forward-Looking Statements Disclaimer
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at http://www.sec.gov.

For further information, please contact:
Victor Petrone
2200 N. Commerce Parkway Suite 200 Weston, FL 33326
954-529-2000

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/petrone-worldwide-inc-reports-98-increase-in-revenue-for-second-quarter-859366.htm

Weston, FL -- (ReleaseWire) -- 09/05/2017 -- Petrone Worldwide, Inc. (OTCMKTS:PFWI), today announces that it has retired $175,000 in toxic debt. Discussions with its remaining debt holders and a private investor for the acquisition and subsequent retirement of substantially all of the company's outstanding convertible debt.

The Company expects the Investor to finalize a structured purchase plan of the Company's outstanding convertible debt by October 26, 2017. The Company anticipates the Investor will infuse new capital into the business through purchase of a combination of common stock and long-term debt.

Victor Petrone, CEO of Petrone Worldwide, Inc., commented, "This is a huge development for the Company. The work that has been done over the last 90 days is starting to pay off. Getting all parties together on this deal will create a huge positive impact on the Company's cost of capital and its ability to execute on the many acquisition opportunities we have sourced. I look forward to getting this deal completed as we start a new chapter for Petrone Worldwide and its shareholders."

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.

Forward-Looking Statements Disclaimer
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

For further information, please contact:
Victor Petrone
2200 N. Commerce Parkway Suite 200 Weston, FL 33326
954-529-2000

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/petrone-worldwide-inc-has-retired-175000-in-toxic-debt-859339.htm

Weston, FL -- (ReleaseWire) -- 08/14/2017 -- Petrone Worldwide, Inc. (OTCMKTS:PFWI), Bulk water supplies are used for both everyday and emergency situations and include applications related to potable and non-potable water delivery systems and subsystems such as transmission and distribution pipelines, ship and aircraft transport, and water tankers/wagons. Adequate water quality must be maintained in the bulk water filling, storage, transportation and distribution system/process so that safe water can be delivered to users.

Petrone will globally supply potable water through its logistics platform under exclusivity of negotiated long-term 'Water Purchase Agreements' from two governmental renewable fresh water sources.

"We're taking Bulk Water, Packaged & Bottled Water solutions to the 1.1 Billion people that lack clean, potable water" said Victor Petrone, chief executive officer. "Well-researched and strategic new distribution channels are the core basis of our strategy to respond to the demand from water stressed regions in need." We're using all the resources at our disposal, including our strategic partnership to create momentum and meet market demand head on."

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.

Forward-Looking Statements Disclaimer
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

For further information, please contact:
Victor Petrone
2200 N. Commerce Parkway
Suite 200
Weston, FL 33326
954-529-2000

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/petrone-worldwide-inc-signs-letter-of-intent-with-bio-clean-international-inc-to-distribute-potable-bulk-water-globally-due-to-the-demand-from-water-stressed-regions-847615.htm

Weston, FL -- (ReleaseWire) -- 06/20/2017 -- Petrone Worldwide, Inc. (OTCMKTS:PFWI), is a leader in the hospitality industry with global operations capabilities, with more than 150 new products debuting and available in inventory. Petrone's commitment to grow sales through innovative trend-right and problem-solving new products will meet consumer demand. These products range from dinnerware designed to meet the challenges in high-volume foodservice environments to handicrafts uniquely crafted to enhance the experience of the consumer.

Petrone also will showcase to hospitality and foodservice buyers, restauranteurs and hoteliers to explore Petrone's portfolio door to door.

"We're taking foodservice product offerings and marketing to the next level by targeting our new offerings to specific trends and sales points of our customers," said Victor Petrone, chief executive officer. "Well-researched and strategic new products are the core basis of our strategy to respond to the onerous and ever-changing foodservice and hospitality environment. We're using all the resources at our disposal, including our strategic partnerships and previous capital investments, to create momentum and meet market opportunities head on; all of which is set to further increase PFWI revenue.

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.

Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

For further information, please contact:
Victor Petrone
2200 N. Commerce Parkway
Suite 200
Weston, FL 33326
954-529-2000

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/petrone-worldwides-strategic-partnerships-and-prior-capital-investments-position-petrone-to-dramatically-increase-revenues-822484.htm

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.

Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

For further information, please contact
Victor Petrone
2200 N. Commerce Parkway
Suite 200
Weston, FL 33326
954-529-2000

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/petrone-worldwide-inc-otcmktspfwi-purchases-inventory-to-satisfy-the-increased-demand-in-the-european-and-india-marketplace-820139.htm

Weston, FL -- (ReleaseWire) -- 03/23/2017 -- 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.

Victor Petrone, CEO further says, "The service includes Direct Store delivery of Dewan's products to retail stores, thereby bypassing a retailer's distribution center to increase inventory turns and reduce margins for Dewan." Petrone will be serving the following Dewan clients in North America: Wal Mart, Sam's Club, TJ Maxx, Home Goods, and Marshall's.

"We evaluated many companies to determine the functionality that would best fit our organization. Petrone is the ideal organization based on its ability to augment our current capabilities and its significant market strength in the logistics and warehousing segment, now with direct sales and service. This strategic alliance with Petrone creates increased real-time communication with our purchasing agents and creates a new service which is preferable, allowing reduced Minimum Order inventory. Dewan has a large array of high profile customers that we currently service. We have grown to a point that in order to expand and support the growing needs of our customers, we must partner with an organization such as Petrone. We are all very excited and look forward to working with the team. With the addition of these capabilities Petrone Worldwide is able to drive value for its customers through lower costs and faster time-to market," said Surender Gandhi, President of Dewan & Sons.

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 Dewan & Sons
Dewan & Sons is a manufacturer in India focused on the production of articles of Brassware, Copperware, galvanized & wrought iron, aluminum ware, stainless steel utensils, EPNS and EPSS for luxury brands and mass merchandisers in North America and Europe in the houseware, furnishings marketplace. They offer, lighting, textiles, bath ware, decor, outdoor and garden products. The in- house design team works closely with leading design houses to bring new collections for every season and provide an unmatched combination of inspired design, high quality and unparalleled value.

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

Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

For further information, please contact:
Victor Petrone
2200 N. Commerce Parkway Suite 200 Weston, FL 33326
954-529-2000

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/petrone-worldwide-announces-the-signing-of-a-strategic-agreement-to-undertake-direct-sales-and-distribution-to-all-dewan-sons-customers-in-north-america-785924.htm

Weston, FL -- (ReleaseWire) -- 12/12/2016 -- Petrone Worldwide, Inc. (OTCQB:PFWI), a leader in the hospitality industry with global operations capabilities, announces today that it has officially uplisted from the OTCPink Exchange to the OTCQB Venture Exchange as of December 7, 2016. PFWI had stated in an earlier press release that the Company would uplist to the OTCQB before the end of the 2016 fiscal year and is pleased to announce that everything has been completed way ahead of schedule.

Victor Petrone, CEO and founder of PFWI says, "Petrone Worldwide has been signing new contracts and increasing the Company's market presence in Europe and Asia at a rate that even amazes me and other Company executives. It is a strong endorsement and a great validation to PFWI when companies such as Home Depot, TJ Maxx, Bed Bath & Beyond and other top companies are doing business with you." PFWI expects to see an enormous increase in total revenue in the 2017 fiscal year which will tremendously increase not only Company value, but shareholder value as well.

Petrone Worldwide, Inc. will continue to update both the public and shareholders as the details of these exciting deals continue to unfold.

About Petrone Worldwide, Inc. (OTCQB: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.

Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

For further information, please contact:
Victor Petrone
2200 N. Commerce Parkway
Suite 200
Weston, FL 33326
954-529-2000

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/petrone-worldwide-inc-otcqbpfwi-officially-joins-the-otcqb-venture-exchange-and-dramatically-increases-overseas-market-share-750481.htm

Weston, FL -- (ReleaseWire) -- 11/25/2016 -- Petrone Worldwide, Inc. (OTCPink:PFWI), a leader in the hospitality industry with global operations capabilities, announces today that it has solidified its plans to uplist from the OTCPink Exchange to the OTCQB Exchange by the end of the 2016 fiscal year. PFWI has been growing exponentially in the past few months and has been a voluntary reporting company, making SEC filings and disclosures for several years.

Victor Petrone, CEO and founder of PFWI says, "Petrone Worldwide has been in a constant growth phase for the past year and is projected to increase revenues by over 500% in 2017. The uplist to the OTCQB has been PFWI's plan for the past year and it is finally coming to fruition by year's end." Furthermore, PFWI has plans to uplist again to the AMEX or the Nasdaq sometime in 2018 upon the successful execution of their business plan that is currently underway. Petrone intends to constantly update both its shareholders and the public with all the details of this exciting Company milestone.

About Petrone Worldwide, Inc. (OTCPink: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, Petrone 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.

Forward-Looking Statements Disclaimer
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

For further information, please contact:
Victor Petrone
2200 N. Commerce Parkway
Suite 200 Weston, FL 33326
954-529-2000

Source: UPTICK Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/due-to-increased-company-growth-petrone-worldwide-inc-plans-to-uplist-to-the-otcqb-exchange-in-the-next-30-days-744829.htm

Weston, FL -- (ReleaseWire) -- 11/15/2016 -- Petrone Worldwide, Inc. (OTCPink:PFWI), a leader in the hospitality industry with global operations capabilities, has begun its warehousing center operations to provide contract logistics in the third quarter of 2016. In addition to current business, serviced distribution and product handling for The Home Depot, TJ Maxx, Home Goods and Marshalls stores are expected to significantly increase.  CEO Victor Petrone said, "we are so pleased to be increasing our business with these amazing companies which will dramatically increase revenues in 2017."  Providing customer-focused solutions to a wide range of industries including consumer, retail and manufacturing; PFWI's innovative supply chain solutions, skilled people and regional coverage bring together all aspects of contract logistics in addition to a wide range of integrated, value-added and specialized services and it is forecasted to correlate into a significant revenue source for 2017.

PFWI, has partnered with Evolution Logistics Corp. a Miami based logistics company to manage all its transportation, warehousing and distribution from origin to the entire USA.  Evolution Logistics is a reputable freight forwarder company that specialized in the distribution to big box retailers, roll outs, and expedite cargo. Evolution Logistics has a state of the art operational platform with top of the line technology that provide visibility from the PO level to the final mile distribution.

"We evaluated many companies to determine the functionality that would best fit our organization. Evolution is the ideal organization based on its ability to augment our current capabilities and its significant market strength in the logistics and warehousing segment," said Victor Petrone, CEO, Petrone Worldwide. "We believe we can see tremendous growth and add valuable new customers to the wide array of high profile customers that we currently service. We have grown to a point that in order to expand and support the growing needs of our customers, we must partner with an organization such as Evolution. We are all very excited and look forward to working with the team." With the addition of these capabilities Petrone Worldwide is able to drive value for its customers through lower costs and faster time-to market.

About Petrone Worldwide, Inc. (OTCPink: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, Petrone 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.

Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

For further information, please contact:
Victor Petrone
2200 N. Commerce Parkway Suite 200 Weston, FL 33326
954-529-2000

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/petrone-worldwide-inc-expands-its-logistic-services-to-help-overseas-manufacturing-companies-with-their-distribution-needs-in-the-united-states-742225.htm

Weston, FL -- (ReleaseWire) -- 11/08/2016 -- Petrone Worldwide, Inc. (OTCPINK:PFWI) (the "Company") is pleased to announce that it has entered into definitive agreements to obtain up to $5 million dollars in financing in the form of an equity line. In addition, the Company signed a securities purchase agreement providing for the issuance of up to $385,000 in convertible debentures (the "SPA") to the investor, Peak One Opportunity Fund, L.P. (Peak One).

Under the equity line agreement, subject to certain conditions, Peak One is to provide up to $5 million in financing to the Company over a 24-month period. In addition to certain other obligations set forth in the equity purchase agreement, the Company is required to file a registration statement with the U.S. Securities & Exchange Commission ("SEC"), registering the shares to be issued to Peak One, and  Peak One's obligation to provide the financing is subject to the registration statement becoming effective. In the interim, the Company has issued a convertible debenture to Peak One in the principal amount of $85,000 (the "Initial Debenture"), as part of the $385,000 total potential issuance amount under the SPA.

The Company is also pleased to report that within the past 30 days, it retired its only other convertible note.  Therefore, the Company has satisfied all of its previously issued convertible debt (excluding the recently issued Initial Debenture). The Company has been successful in consolidating its outstanding debt, thus the Company believes that this will allow the Company to better implement its financial and operating strategies.

Victor Petrone, the Company's CEO, stated, "True to our word, we have paid the total capital due from convertible notes in 2016 and have now found what we consider to be a long term financial partner, Peak One, who has committed to a $5 million-dollar equity line financing. We are confident that this equity line should allow us to create better investor sentiment as we seek better and stronger alternatives to raising capital. If circumstances and market conditions allow, the proposed financing that we receive from Peak One may allow us to reduce our overall debt levels, introduce more branded products for our hospitality customers, build our inventory levels, and develop a worldwide distribution channel for institutional and retail sales, which we seek to expand at the beginning of 2017."  Petrone continued, "We believe that the Petrone Worldwide supply chain with JIT (Just in Time) delivery, within the market, immediately available inventory pars represents a breakthrough in supply chain delivery, and can bring significant benefit to institutional and retail customers alike."

Jason Goldstein, Founder and Managing Partner of Peak One, added, "As we increased our familiarity with the Petrone story, we became more and more enthusiastic about its brands, supply chain initiatives, and market potential.  We are pleased to be an investor in Petrone as the Company ramps up the commercialization of its products."

About Petrone Worldwide, Inc.
Petrone Worldwide, Inc. has over twenty years of dedicated sales, marketing and product development expertise within the hospitality industry; selling products into worldwide markets acting as a import/ export and master distributor for manufacturers. Today has evolved to be a distributor of commercial grade tabletop, guest & bathroom accessory solutions for The Asian and The European marketplace. Our exclusive brands include Front of the House,room360 by FOH and Dewan products. Each manufacturer designs luxury products for the finest hotels, restaurants and retail worldwide; client hotel chains such as Marriott Hotel Brands, The Four Seasons Hotel & Resorts, Hilton Worldwide, Hyatt Hotels & Resorts and Starwood Hotel & Resorts.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is intended to qualify for the safe harbor from liability created by those laws. When used in this press release, the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan", "potential", "predict", "project", "should", "will", and similar expressions, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such statements involve known and unknown risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical facts included in this press release regarding our strategy, future operations, financial position, prospects, plans and objectives of our management are forward-looking statements. Our actual results could differ materially and adversely from those anticipated in such forward-looking statements as a result of certain factors, including, but not limited to, the success of our on-going product development efforts, adverse results of any legal proceedings, diverse economic and competitive conditions, and any such difference may be caused by risk factors listed from time to time in the Company's press releases and/or its filings with the OTC Markets or as a result of other factors. We undertake no obligation to publicly update or revise any forward-looking statement to reflect actual results or changes in assumptions or other factors that could affect those statements.

Contact: 
Victor Petrone CEO
Petrone Worldwide, Inc.
TEL: 954-529-2000
vpetrone@petroneworldwide.com
www.petroneworldwide.com/

SOURCE: UPTICK Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/petrone-worldwide-inc-receives-5-million-equity-line-funding-commitment-739762.htm

Weston, FL -- (ReleaseWire) -- 10/26/2016 -- Petrone Worldwide, Inc. (OTC:PFWI), a leading distributor of commercial grade tabletop, guest & bathroom accessory solutions for the Asian and European marketplace announces today that it is expanding its food service disposables offering and has signed an agreement to acquire Transpower Component (India) Pvt. Ltd. through a share purchase agreement. Transpower is a leading Indian manufacturer of Food Service disposable aluminum products committed to quality, convenience and innovation. Assortment includes steam table pans, rounds, squares, oblongs, ovals in a variety of sizes with coordinating aluminum, board lids. Roll foil is available in a variety of widths and lengths in both standard for Catering, Bakery, Carry Out and Food Processors. Some Key customers are Wal-Mart, Dominos and Amazon to name a few.

Upon completion, this strategic acquisition will expand PFWI's overall capability for disposables through Transpower's low cost Indian location and allow Petrone Worldwide to significantly advance its disposables strategy throughout Europe, U.S.A., and America's and consolidate already established Indian market. "We evaluated many companies to determine an acquisition that would best fit our organization. Transpower is the ideal organization based on its ability to augment our current capabilities and its significant market strength in the Food Service segment," said Victor Petrone, CEO, Petrone Worldwide. "We believe we can see tremendous growth and add valuable new customers to the wide array of high profile customers that Transpower currently services. We have grown to a point that in order to expand and support the growing needs of our customers, we must align with an organization such as Transpower. We are all very excited and look forward to working with the team." With the addition of these capabilities Petrone Worldwide is able to drive value for its customers through lower costs and faster time-to-market.

In addition to today's announced planned acquisition of Transpower, PFWI will significantly expand their ability to serve the global Food Service disposables market for the US Market and multi-national customers," said Sanjay Magazine, Vice President Global Sourcing. "Upon completion of the deal, we look forward to expanding Transpower's well established low-cost operations and investing in additional manufacturing capabilities, quality systems and design services to deliver more value, lower costs and faster time-to-market to our customers" said Ajay Handoo; Vice President Business Development.

About Transpower Component (India) Pvt. Ltd.
Headquartered in Moradabad, India an industrial town 125 miles from New Delhi, capital of India. Transpower is a leading vertically integrated manufacturer of aluminum foil; a provider focused on delivering complete design, value added manufacturing services to the Food Service Industry in India. Transpower currently services the following sectors: hotel chains, supermarkets, restaurants, manufacturing, retail stores, wholesale and distribution.

About Petrone Worldwide, Inc. (OTC:PFWI)
Petrone Worldwide, Inc. (PFWI) has over twenty years of dedicated sales, marketing and product development expertise within the hospitality industry; selling products into worldwide markets acting as an import/export and master distributor for manufacturers. Today has evolved to be a distributor of commercial grade tabletop, guest & bathroom accessory solutions for The Asian and The European marketplace. Our exclusive brands include Front of the House, Room360 by FOH and Dewan products. Each manufacturer designs luxury products for the finest hotels, restaurants and retail worldwide; client hotel chains such as Marriott Hotel Brands, The Four Seasons Hotel & Resorts, Hilton Worldwide, Hyatt Hotels & Resorts and Starwood Hotel & Resorts.

For more information, please visit our website at www.petroneworldwide.com.

Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

Contact:
Victor Petrone, CEO
Phone: 855-297-3876
Email: vpetrone@petroneworldwide.com

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/petrone-worldwide-inc-announces-an-agreement-to-acquire-transpower-component-india-pvt-ltd-a-leading-indian-manufacturer-of-disposable-food-service-aluminum-products-735923.htm

Weston, FL -- (ReleaseWire) -- 10/17/2016 -- Petrone Worldwide, Inc. (OTC:PFWI), a leading distributor of commercial grade tabletop, guest & bathroom accessory solutions for the Asian and European marketplace announces today that it has expanded its business with Dewan & Sons by signing a new strategic partnership. Dewan & Sons India, a leading Houseware articles government export house is now establishing a presence in the United States, and PFWI, the appointed North American exclusive agent, today announced the signing of a strategic agreement 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" said Victor Petrone, CEO of PFWI.

Victor Petrone further states, "The service includes Direct Store delivery of Dewans products to retail stores, thereby bypassing a retailer's distribution center to increase inventory turns and reduce margins for Dewan." PFWI will be servicing the following Dewan clients in North America: Amazon, Walmart, Home Goods, The Home Depot, Marshall's, Ross, Bed Bath & Beyond, TJ Maxx, and Bath & Body Works. This is a huge step forward for PFWI and will substantially increase revenues in the very short term.

"We evaluated many companies to determine the functionality that would best fit our organization. Petrone is the ideal organization based on its ability to augment our current capabilities and its significant market strength in the logistics and warehousing segment," said this strategic alliance with Petrone Worldwide creates increased real-time communication with our purchasing agents and creates a new service which is preferable, allowing reduced Minimum Order Quantities (MOQs), so that smaller, more frequent orders can be placed off- setting long-term risks of holding too much inventory" said Surender Gandhi, President of Dewan & Sons to the array of high profile customers that we currently service. We have grown to a point that in order to expand and support the growing needs of our customers, we must partner with an organization such as Petrone Worldwide. We are all very excited and look forward to working with the team." With the addition of these capabilities Petrone Worldwide is able to drive value for its customers through lower costs and faster time-to market.

"The services includes Direct Store delivery of Dewan's products to retail stores, thereby bypassing a retailers distribution center to increase inventory turns and reduce margins for Dewan" said Sanjay Magazine, Procurement & Strategic Sourcing of PFWI. "With all the Port delays, planning for safety stock has become all that much more of a key component to reducing fulfillment costs. Supply Chain operation efficiency of Petrone will bring optimum results with minimum budget. This will be a win-win tie up for all parties, "Said Joe Gandhi, Vice President of Dewan & Sons.

About Dewan & Sons
Dewan & Sons is a manufacturer in India focused on the production of articles of Brassware, Copperware, galvanized & wrought iron, aluminum ware, stainless steel utensils, EPNS and EPSS for luxury brands and mass merchandisers in North America and Europe in the houseware, furnishings marketplace. They offer, lighting, textiles, bath ware, decor, outdoor and garden products. The in- house design team works closely with leading design houses to bring new collections for every season and provide an unmatched combination of inspired design, high quality and unparalleled value.

About Petrone Worldwide, Inc. (OTC:PFWI)
Petrone Worldwide, Inc. (PFWI) has over twenty years of dedicated sales, marketing and product development expertise within the hospitality industry; selling products into worldwide markets acting as an import/export and master distributor for manufacturers. Today has evolved to be a distributor of commercial grade tabletop, guest & bathroom accessory solutions for The Asian and The European marketplace. Our exclusive brands include Front of the House, Room360 by FOH and Dewan products. Each manufacturer designs luxury products for the finest hotels, restaurants and retail worldwide; client hotel chains such as Marriott Hotel Brands, The Four Seasons Hotel & Resorts, Hilton Worldwide, Hyatt Hotels & Resorts and Starwood Hotel & Resorts.

For more information, please visit our website at www.petroneworldwide.com.

Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

Source: PETRONE WORLDWIDE, INC. Victor Petrone, CEO

Investor Relations Contact: UPTICK NEWSWIRE, LLC

For more information on this press release visit: http://www.releasewire.com/press-releases/petrone-worldwide-inc-announces-the-signing-of-a-strategic-agreement-to-undertake-jit-just-in-time-distribution-to-all-dewan-sons-india-customers-in-north-america-732869.htm