PETRONE WORLDWIDE, INC. (OTCMKTS:PFWI) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
On October 3, 2017, Petrone Worldwide, Inc. (the “Company”) entered into an International Agent Agreement (the “Agreement”) with Dewan & Sons, an India corporation (the “Manufacturer”). Under the terms of the Agreement, the Company will distribute distribute, sell and market the Manufacturer’s products in North America, South America, The Carribean, Mexico and Europe for a period of five years, commencing October 3, 2017 and renew annually.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, which is filed as Exhibit 10.1 hereto, and in incorporated into this report by reference below.
Item 1.01. Financial Statements and Exhibits
PETRONE WORLDWIDE, INC. Exhibit…To view the full exhibit click
About PETRONE WORLDWIDE, INC. (OTCMKTS:PFWI)
Petrone Worldwide, Inc. (Petrone Worldwide) is an importer and distributor of commercial grade tableware products, decorative hotel guest room amenities, lavatory and bathroom fixtures and furniture, food and beverage service items, and trendy accessories for the Asian and the European marketplaces. The Company’s brands include Front of the House and Room 360. Petrone Worldwide sells and markets products under its own name and acts as a distributor primarily to companies to the hospitality trade. The Company’s product lines consist of hotel groups, such as Marriott Hotel Brands, The Four Seasons Hotel & Resorts, Hilton Worldwide, Hyatt Hotels & Resorts, Starwood Hotel & Resorts, and Fairmont Hotel & Resorts, and smaller hotel chains and upscale restaurants. The Company sells product lines, such as front of the house collection and room360 degree back of the house collection.