NEW YORK, Jan. 15, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or the “Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that the Company’s 100% owned subsidiary New York Mart North Miami Inc. (“NYM N. Miami”) is expected to soon open its new location at 551 NE 167th Street in North Miami. The supermarket is expected to have the grand opening ceremony will be held on February 7, 2020.

NEW YORK, Nov. 06, 2019 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that its board of directors approved the termination of a Share Exchange Agreement (the “Exchange Agreement”) with Xiaotai International Investment Inc. (“Xiaotai”) due to an ongoing investigation of Xiaotai on illegal fundraising from the public by the Hangzhou Police Department, Binjiang Branch (“Hangzhou Police”). On November 5, 2019, iFresh issued a written notice to Xiaotai International and Xiaotai Shareholders to terminate the Exchange Agreement, effective immediately.

NEW YORK, Nov. 08, 2019 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that on November 6, 2019, the Company received a letter from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company had not regained compliance with Nasdaq Listing Rule 5550(b), which requires stockholders’ equity of $2.5 million, or a market value of listed securities of $35 million or net income from continuing operations of $500,000, and that the Staff had determined not to grant an extension to allow the Company to demonstrate compliance. As a result, the Staff indicated that the Company would be subject to delisting from The Nasdaq Capital Market unless the Company timely requests a hearing before a Nasdaq Hearings Panel (the “Panel”).

NEW YORK, April 09, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or the “Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that as our communities continue to battle the rapidly evolving pandemic, iFresh is committed to provide the essential grocery shopping services while doing its best to protect the Company’s valued customers and employees. To continue fulfilling our customers’ daily needs, iFresh’s online grocery delivery service is now available and has become one of the most popular options during this challenging period. The orders from the Company’s “fresh quick delivery” online grocery platform have been increasing significantly; close to 1,000 orders have been received for the past ten days and an average of $200 dollars per order.

NEW YORK, Nov. 11, 2019 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that its five New York supermarkets will participate in Alipay Singles’ Day Sales Event where customers can receive a great selection of free gifts when spending $15 or more at participating stores by purchasing “1 Yuan Pre-sale Coupon” between November 11, 2019 to November 30, 2019 from the Alipay App.

NEW YORK, March 31, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or the “Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it has entered into an agreement with two individual investors, pursuant to which the Company will sell an aggregate of 1,783,167 shares (the “New Shares”) of common stock of the Company to the investors. The private placement will be funded in two separate tranches; 1,069,900 shares of the New Shares will be issued to the Investors upon the Company’s receipt of the first tranche fund of $1.5 million and 713,267 shares of the New Shares will be issued to the Investors upon the Company’s receipt of the remaining $1.0 million.

NEW YORK, March 17, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or the “Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that the Company has entered into a purchase agreement, pursuant to which the Company agreed to acquire 70% of equity interests in Xiamen DL Medical Technology Co. (“Xiamen DL”), Ltd., specializing in research and development of technology, manufacturing, and distribution of medical and non-medical protective masks, cotton spinning textiles, knitwear, daily necessities, kitchen and toilet appliances, and other related goods.

NEW YORK, May 05, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company") (IFMK), a leading Asian American supermarket chain and online grocer, announced today that the Company donated 20,000 face masks, 200 KN95 respirator masks, and 1,000 pairs of gloves to local, New York City frontline workers. Half of the face masks and all KN95 respirator masks are FDA/CE certified and manufactured by Xiamen DL Medical Technology Co. Ltd., (“Xiamen DL”), a 70% owned subsidiary of the Company.

NEW YORK, Sept. 10, 2019 -- iFresh, Inc. ("iFresh" or "the Company") (NASDAQ: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced its.

NEW YORK, April 06, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or the “Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it has completed a private placement financing with two individual investors, bringing gross proceeds of approximately $2.5 million from the sales of an aggregate of 1,783,167 shares of common stock of the Company at a per share price of $1.402. With an in-house proprietary delivery network, online sales channel and strong relations with farms that produce Chinese specialty vegetables and fruits, iFresh is able to offer fresh, high-quality specialty produce at competitive prices to a growing base of customers.

NEW YORK, March 12, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or the “Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that it appoints Ms. Amy Xue as the Company’s Chief Financial Officer, effective immediately. Ms. Xue succeeds Mr. Chang Kao (Eddie) Chiang.

An official grand opening and ribbon cutting ceremony was held last Friday for iFresh North Miami store in Florida. The store is located at 551 NE 167TH Street in North Miami Beach. Commissioner Barbara Kramer, Mayor Anthony F. DeFillipo, Taiwanese American forensic scientist Henry Lee, Canadian comedian Mark Henry Rowswell (also known as Dashan) and iFresh CEO Long Deng attended the ceremony.

NEW YORK, Oct. 22, 2019 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, has entered into an Exclusive Distribution Partnership Agreement (“Agreement”) with Fuzhou Great World Natural Food Co., Ltd. (“Fuzhou Great World Natural”) for the exclusive distribution of “Great World” brand food products and beverages in America for three years commencing immediately.

NEW YORK, June 13, 2019 (GLOBE NEWSWIRE) -- iFresh Inc. (IFMK), a leading Asian/Chinese grocery supermarket chain on the east coast of U.S., announced today that it received notification from the Listing Qualifications department of The NASDAQ Stock Market, that the staff has determined to grant the Company an extension until July 30, 2019 to regain compliance with Listing Rule 5620(a) by holding an annual meeting of shareholders on or before that date. If the company does not satisfy these terms, NASDAQ will provide written notification to the Company that its securities will be delisted. At that time, the Company may appeal the determination to a NASDAQ Hearings Panel.

NEW YORK, Sept. 13, 2019 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, announced that its Board of Directors has authorized a new share repurchase program of up to 2 million shares of iFresh common stock between certain price range in the open market. The Company expects to put the program into place within the next twelve months and will issue a further release when the program has been established. “The authorization of a stock repurchase program demonstrates the Board’s confidence in the long term value of the Company and our continued commitment to optimizing our shareholder returns.

NEW YORK, Nov. 05, 2019 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, received news regarding an ongoing investigation of Zhejiang Xiaotai Technology Co. Ltd. (“Zhejiang Xiaotai) by the Hangzhou Police Department, Binjiang Branch (“the Hangzhou Police”) through a public notice released by the Hangzhou Police on November 2, 2019. Zhejiang Xiaotai is alleged to have conducted illegal fundraising from the public. The report also stated that several executives of Zhejiang Xiaotai have been detained and are being held in custody.

NEW YORK, May 05, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. (“iFresh” or the “Company") (IFMK), a leading Asian American supermarket chain and online grocer, announced today that the Company received a written notice from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) on May 4, 2020, indicating that the Company has regained compliance with Nasdaq’s continued listing requirements and that its common stock will continue to be listed on Nasdaq Stock Market. With an in-house proprietary delivery network, online sales channel and strong relations with farms that produce Chinese specialty vegetables and fruits, iFresh is able to offer fresh, high-quality specialty produce at competitive prices to a growing base of customers.

On April, 2, 2019 8:30 ET, iFresh, Inc., a leading Asian American grocery supermarket chain and online grocer previously announced that its affordable 3-ply disposable face masks  would be available in iFresh chain stores, the iFresh online store at www.onlineifresh.com, and via the Amazon marketplace. Unfortunately, iFresh’s application to sell the face masks on Amazon was rejected and the masks are only available through its online store at www.onlineifresh.com and chain stores.

NEW YORK, June 10, 2019 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or "the Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, announced entry into Share Exchange Agreement for acquisition (“Acquisition”) of Xiaotai International Investment Inc.(“Xiaotai”), a “peer-to-peer” lending company based in Hangzhou, China providing an internet lending information intermediary platform that gives borrowers access to a variety of loan products in China, and entry into Share Purchase Agreement for the spin-off of NYM Holding Inc. (“NYM”), a wholly owned subsidiary of the Company into a standalone private company, Go Fresh 365 Inc. (“Go Fresh”), solely owned by Mr. Long Deng, IFMK’s Chief Executive Officer.

NEW YORK, April 02, 2020 (GLOBE NEWSWIRE) -- iFresh, Inc. ("iFresh" or the “Company") (IFMK), a leading Asian American grocery supermarket chain and online grocer, announced today that the Company has launched sales of 3-ply disposable face masks at an affordable price to customers in iFresh chain stores, the iFresh online store at www.onlineifresh.com, and via the Amazon marketplace. Ximen DL is ramping up production of N95 face masks in response to the New York and nationwide shortage of face masks as a result of the Covid-19 outbreak.