VANCOUVER, British Columbia, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Beyond Oil Ltd. (TSX: BOIL) (OTCQB: BEOLF) (“Beyond Oil” or the “Company”), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste and enhancing sustainability, today announced that it will hold a Special Meeting of Shareholders (the “Special Meeting”) on Thursday, March 12, 2026, at 8:00 a.m. (Pacific time). The Company intends to continue, subject to recei ...

Company Overview - Beyond Oil Ltd. (TOR: BOIL.TO) is a food-tech innovation company focused on creating solutions that mitigate health risks, reduce costs for food service companies, and improve sustainability [3] - The company's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [3] Industry Context - The company addresses a critical issue in the food industry related to the widespread practice of reusing frying oil for multiple cycles, which is common in various food service settings such as restaurants, hotels, and schools [3] - Beyond Oil's solution aims to tackle health risks associated with reused oil, which have been linked to serious health concerns including cancer and cardiovascular diseases [3] Leadership and Strategy - Michael Nemirow, who became President of North America for Beyond Oil in September 2025, has extensive experience in scaling businesses across various sectors, including foodservice [2] - His previous role as CEO of Greenstar Plant Products involved transforming the company and positioning it as a globally recognized manufacturer before its sale in 2021 [2] - Nemirow's leadership is expected to drive innovation and operational excellence, advancing Beyond Oil's mission to transform the foodservice industry [2]

Group 1 - The 28th Annual ICR Conference 2026 hosted by Exec Edge, CorpGov, and IPO Edge featured 33 on-site fireside chats focusing on consumer trends and insights [1] - The event took place from January 12-14, 2026, and included participation from top CEOs and executives from both public and private companies [1] - A variety of companies were interviewed, including Shift4 Payments, Krispy Kreme, The Middleby Corp, and National Vision Holdings, among others [2] Group 2 - All interviews conducted during the conference will be available on the respective websites and syndicated through formal agreements with major financial platforms such as Yahoo Finance and Bloomberg [3]

Core Viewpoint - Beyond Oil Ltd. has announced the commencement of product distribution through Sysco Los Angeles, aiming to enhance the health and sustainability of commercial kitchens while reducing operational costs [1][4]. Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, minimizing waste, and enhancing sustainability through patented technology that significantly reduces harmful compounds in frying oil [4]. - The company has received regulatory clearances from the FDA and Health Canada, addressing critical health concerns linked to the reuse of frying oil, which is common in various food service settings [4]. Distribution Partnership - Sysco Los Angeles, a subsidiary of Sysco Corporation, will distribute Beyond Oil's product, showcasing it to procurement managers and industry leaders on January 16 [2]. - Beyond Oil's approved vendor status allows for system-wide accessibility across the Sysco network, enabling potential onboarding by additional Sysco operating companies throughout the United States [3]. Market Potential - The partnership with Sysco Los Angeles is expected to accelerate Beyond Oil's mission to transform commercial kitchens into healthier and more sustainable operations, marking a significant step in expanding its presence in the U.S. market [4]. - Sysco Corporation, as the world's largest foodservice distributor, operates 339 distribution centers across 10 countries and generated over $81 billion in sales for the fiscal year 2025 [5].

Core Insights - Beyond Oil Ltd. has appointed Dganit Kramer to its Advisory Board, enhancing its leadership as it transitions into a global, sales-driven commercial organization [1][2] Leadership and Expertise - Dganit Kramer brings over 25 years of senior leadership experience in telecommunications and technology, recognized for operational excellence and profitability improvements [3][4] - In her previous role as Deputy CEO of Partner Communications Group, she significantly increased net profit and improved business performance [4] - Kramer has also held senior roles in the Bezeq Group, managing around 4,000 employees and leading initiatives that generated hundreds of millions of shekels in cost savings [5] Strategic Focus - Kramer will assist Beyond Oil in developing scalable systems for managing customer and distributor accounts, which is crucial for operational excellence and commercial success as the company expands [7][8] - The Advisory Board will guide strategy, organizational structure, and long-term value creation during Beyond Oil's growth phase [12] Company Overview - Beyond Oil Ltd. is focused on food-tech innovations that reduce health risks associated with fried food, lower operational costs, and enhance sustainability [13] - The company's patented technology addresses health concerns related to reused frying oil, which is prevalent in various food service settings [13]

Core Viewpoint - Beyond Oil Ltd. has announced a significant repeat order from its exclusive distributor Pilpel Hungary Kft., indicating strong market demand and successful customer adoption of its product in Central Europe [1][2][3]. Group 1: Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, lowering operational costs, minimizing waste, and enhancing sustainability [1][7]. - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused frying oil, which is common in various food service operations [7]. Group 2: Distribution Agreement and Orders - Pilpel Hungary Kft. has placed an additional order of 21,600 kg of Beyond Oil's product, reflecting strong early demand following the initial rollout [1][2]. - Under the exclusive distribution agreement signed on September 4, 2025, Pilpel committed to a minimum annual purchase of 75,600 kg in 2026, with required volumes increasing over time to maintain exclusivity [3]. Group 3: Market Position and Customer Feedback - Pilpel is a leading wholesaler in the region, supplying over 1,000 foodservice customers and expanding its reach across Central Europe [4]. - Positive customer feedback and strong engagement across multiple foodservice segments have reinforced confidence in Beyond Oil's product and its long-term potential in the market [5].

Core Insights - Beyond Oil Ltd. is transitioning from an early-stage startup to a global commercial growth company, focusing on reducing health risks associated with fried food while enhancing sustainability and operational efficiency [1][3][12] Leadership Appointments - Giora Bardea and Daniel Birnbaum have been appointed to the Advisory Board, bringing extensive experience in the food and beverage industry [1][2][4] - Bardea has over three decades of experience and has been instrumental in shaping Beyond Oil's global strategy and organizational structure [4][5] - Birnbaum is recognized for transforming SodaStream into a global brand and is expected to leverage his expertise in operational scaling for Beyond Oil [7][9] Strategic Transition - The company is moving towards a mature commercial phase with a focus on global sales execution, operational scale, and sustained growth [3][12] - International pilots have been completed, and distributor networks are expanding, indicating rising interest from major quick-service restaurant (QSR) chains [3][12] Advisory Board Role - The Advisory Board will guide the company in go-to-market systems, distributor management, scaling frameworks, operational readiness, and global strategy [10][11] - Regular meetings with senior management will ensure alignment and support for the company's transition to a sales-driven organization [11] Company Mission and Technology - Beyond Oil is dedicated to creating solutions that mitigate health risks, reduce costs for food service companies, and improve sustainability [13] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing critical health concerns associated with reused oil [13]

Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food while enhancing sustainability and lowering operational costs [5] - The company has over 15 years of experience in creating solutions that mitigate health risks, improve sustainability, and reduce costs for food service companies [5] - Beyond Oil's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [5] Health and Environmental Impact - The company's solution addresses the widespread practice of reusing frying oil, which is common in various food service settings, including restaurants, hotels, and institutions [5] - Research indicates that reused frying oil is linked to health risks such as cancer and cardiovascular diseases, which Beyond Oil's product aims to mitigate [5] - The product not only improves food quality but also offers operational cost savings and reduces environmental impact [5] Upcoming Investor Conference - Beyond Oil will present at The Benchmark Company's 14th Annual Discovery One-on-One Investor Conference on December 4, 2025, in New York City [1] - The conference provides a platform for emerging growth companies to engage with institutional and individual investors in a one-on-one format [2] - Key executives from Beyond Oil, including Vice President Robert Kiesman and President of North America Michael Nemirow, will participate in meetings with investors and analysts [2]

Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food while lowering operational costs, minimizing waste, and enhancing sustainability [5] - The company has over 15 years of experience in creating solutions that mitigate health risks, improve sustainability, and reduce costs for food service companies [5] - Beyond Oil's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [5] Health and Environmental Impact - The company's solution addresses the widespread practice of reusing frying oil, which is common in various food service settings, including restaurants, hotels, and institutions [5] - Research indicates that reused frying oil is linked to health risks such as cancer and cardiovascular diseases, and Beyond Oil's product aims to mitigate these risks [5] - Additional benefits of Beyond Oil's product include improved food quality, operational cost savings, and reduced environmental impact [5] Upcoming Events - Beyond Oil will present at The Benchmark Company's 14th Annual Discovery One-on-One Investor Conference on December 4, 2025, in New York City [1] - The conference provides a platform for emerging growth companies to engage with institutional and individual investors through one-on-one meetings [2]

Core Insights - Beyond Oil Ltd. reported a significant revenue increase of 779%, rising from US$133K in Q3 2024 to US$1.2M in Q3 2025, indicating strong commercial expansion [1][5] - The company achieved a gross profit of US$550K in Q3 2025, with a gross profit margin of 47.1%, up from 39.8% in Q3 2024, reflecting improved cost efficiencies [5] - Beyond Oil's cash position strengthened to US$10.6 million as of September 30, 2025, compared to US$3.6 million at the end of 2024, bolstered by investments and warrant exercises [5] - The company is focused on building long-term partnerships and expanding its distribution network to support future growth [3][6] Financial Highlights - Revenue for Q3 2025 reached US$1.2 million, an increase from US$1.1 million in Q2 2025, showcasing ongoing commercial progress [5] - Operating expenses rose to US$2.4 million in Q3 2025 from US$0.8 million in Q3 2024, driven by strategic investments in marketing and operational capabilities [5] - The net loss improved to US$1.55 million in Q3 2025, down from US$2.7 million in Q3 2024, as finance income offset operational losses [5] Business Developments - Beyond Oil surpassed US$3 million in aggregate revenue, triggering the release of 4,882,101 milestone shares to original shareholders [7] - The company appointed Giora BarDea as VP of Global Strategy to enhance long-term planning and international partnerships [6][10] - A new supplier agreement with Sodexo Israel was established, expanding Beyond Oil's reach in the catering services sector [10]