Broadside Enterprises, Inc. (OTC: BRSE), Poised to be a Leader in the Rapidly Growing Food Delivery Market, Announces Q1 2024 Results

LOS ANGELES, Calif., May 16, 2024 /PRNewswire/ -- Broadside Enterprises, Inc. is poised to be a leader in the rapidly growing online food delivery market capitalizing on surging consumer demand for convenient, high-quality restaurant fare delivered directly to their doorsteps.

According to Mordor Intelligence, the global food delivery market is estimated to grow at a compound annual growth rate of approximately 15% from $600 billion in 2023 to $1.4 trillion in 2029. This remarkable growth signifies a continued and fundamental shift in consumer behavior – a growing preference for restaurant-quality delivered meals.

"We see a tremendous opportunity," said Alan Moore, CEO of Broadside Enterprises, Inc. "Consumers crave gourmet meals on demand, and Broadside is perfectly positioned to deliver. By leveraging our expertise and commitment to innovation, we're confident we can establish ourselves as a major player in this exciting space."

Having acquired its digital delivery platform in December 2023, the Company generated $536,561 in revenue, $66,442 in gross profit and a net loss of $133,079 during its first full quarter of operations as a digital hospitality platform.

Additional information about Broadside can be found in the Company's reports and filings at www.OTCMarkets.com and on its corporate website at www.broadsideenterprises.com.

About Broadside Enterprises, Inc.:
Broadside Enterprises, Inc. (OTC: BRSE) is a publicly traded company in the next generation digital hospitality business.

NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's reports and filings at http://www.OTCMarkets.com.

Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.

SOURCE Broadside Enterprises, Inc.