A Micro-Cap Company Eating at the Grown-Up’s Table.

After Undergoing a Major Pivot In Operations, Sadot Group Inc, (Nasdaq: SDOT ), Formerly Known as Muscle Maker Inc. Has Produced Over $500 Million In Revenues In The Last 3 Quarters.

Analyst Reports Set a $5.00 Target Price Which Clearly Paints the Picture of an Undervalued Newcomer in the Global Agri-Food Sector.

Food is a huge market, and it’s changing fast. But why?

• The world's population is growing and is expected to reach nearly 10 billion by 2050. Food security has become a big problem. As the population increases so does the demand for food and animal feed.
• The UN suggests that food production must increase by 70 percent by 2050 to feed the world’s population growth.
• The Covid-19 pandemic acted as a massive restraint on the agriculture market as supply chains were disrupted due to trade restrictions and consumption decline. The agriculture market is due for a major turnaround and many commodity prices have been rising this year.
• COVID 19 followed by the Russia/Ukraine war has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions.

"Sadot's consistent top line contribution continues to reflect the execution on our strategic vision for our company. I see these results, along with other strategic actions, as a foundation for our future growth and diversification within the global food supply chain.”

Michael Roper, CEO

1. Sadot Group Inc. has pivoted towards a diversified global food organization, a strategic move that could quickly put the company on Wall Street’s radar. The company was recently added to the Russell Microcap® Index and believes the addition to the index reflects the progress and strategic advancements made by the Company as it continues its planned transformation into the global food supply chain.
2. The global food supply chain arena is at a pivotal turning point and solutions are needed to mitigate the situation. With the world's population continuously expanding and projected to reach over 9 billion by 2050, the demand for food will increase significantly.
3. Simultaneously, factors such as climate change, water scarcity, land degradation, and socioeconomic disparities pose substantial challenges to food production and distribution.
4. A Big-Board narrative offers a compelling opportunity for The Sadot Group to grow its market-cap and see blue-sky territory growth.
5. The management team in charge of running the day-to-day business is a group of seasoned professionals, all with decades of experience in the global food supply-chain, as well as the US public markets.
6. Growing revenues. The Sadot Group reported consolidated revenue of $213 million for the three months ended March 31, 2023. This is a significant increase compared to only $3 million for the prior year ended March 31, 2022.
7. A price target of $5.00 from the esteemed Zacks Small Cap Research.
8. The company has a growing market presence. SGI operates globally, connecting producers and consumers across key geographies like the Americas, Africa, and the Middle East/North Africa (MENA) region.
9. Offering a solution for food Security: Through their agri-commodity trading operations, The Sadot Group plays a crucial role in the global food supply chain, addressing food security concerns by ensuring the efficient flow of essential food products.
10. With a continuously growing global population and increasing urbanization, the demand for food and agri-commodities is expected to rise. The Sadot Group is well-positioned to cater to these expanding consumer needs.
11. In addition to Sadot Agri-Foods, The legacy business includes multiple brands in the fast-casual restaurant segment.

MICHAEL J. ROPER
CEO 

Mr. Roper has served as Chief Executive Officer of Sadot Group Inc. (formerly Muscle Maker Inc.)  since May 1, 2018. Mr. Roper has unique experience ranging from owning and operating several franchise locations through the corporate executive levels. From May 2015 through October 2017, Mr. Roper served as Chief Executive Officer of Taco Bueno where he was responsible for defining strategy and providing leadership to 162 company owned and operated locations along with 23 franchised locations. From March 2014 through May 2015, Mr. Roper served as the Chief Operating Officer of Taco Bueno and from July 2013 through March 2014 as the Chief Development and Technology Officer of Taco Bueno. Prior to joining Taco Bueno, Mr. Roper was a franchise owner and operator of a IMS Barter franchise and held several roles with Quiznos Sub from 2000 to 2012 starting as a franchise owner and culminating in his appointment as the Chief Operating Officer/Executive Vice President of Operations in 2009. Mr. Roper received a Bachelor of Science in Business and General Management from Northern Illinois University.

KEVIN MOHAN
CIO & Chairman of the Board 

Mr. Mohan has served as Chairman of the Board and a director of Sadot Group Inc. (formerly Muscle Maker Inc.) since April 16, 2018. From April 16, 2018 through May 1, 2018, he also served as the Interim President of the Company. He has also served as the Chief Investment Officer since September 17, 2018. From June 2012 through March 2017, Mr. Mohan served as the VP of Capital Markets for American Restaurant Holdings, Inc., a company focused on acquiring and expanding fast casual restaurant brands.

BENJAMIN PETEL
Managing Member Representative Sadot Agri-Foods

Mr. Petel has served as Managing Member Representative of Sadot Agri-Foods since 2022. From 2019 through 2022, he was engaged as a Business Development Specialist and consultant to various agriculture and food companies, spanning from corporate finance and M&A to commercial development and operational control. Mr. Petel received a Bachelor of Arts in Business Administration from Bar-Ilan University.

JENNIFER BLACK
CFO

Ms. Black is an experienced Chief Financial Officer with a demonstrated history of working with public and private equity backed organizations. Prior to joining the Company, from September 2018 through December 2021, Ms. Black served as the Chief Financial Officer for Eagle Pressure Control LLC and Talon Pressure Control, oilfield service companies. From October 2015 through September 2018, Ms. Black served as the Controller for AG Resource Management, a private equity backed agriculture lending company, and as the Controller for Basic Energy Services, an oil and gas services company, from January 2013 through October 2015. Ms. Black has also held various other roles including Vice President of SEC reporting with OMNI American Bank and Audit Manager with RSM McGladrey. Ms. Black is a Certified Public Accountant. Ms. Black received a Master of Business Administration from Jack Welch Management Institute in 2018 and Bachelor of Science in Accounting and Finance from Texas Tech University in 2003.

• Named Benjamin Petel to its Board of Directors. (See Management Team, above)
• Named Na Yeon (“Hannah”) Oh to its Board of Directors. Ms. Oh is deeply experienced agri-food business leader and certified sustainability professional, with broad experiences and a proven track record in driving organizational and digital/data-driven transformations; developing commercial strategies and brand campaigns; and operationalizing integrated business planning and supply chain strategies. Ms. Oh is an active member of Singapore’s agtech start-up scene, as an investor and advisor to entrepreneurs and companies in agri-food business, urban farms, and climate tech. For the past 15 years Ms. Oh has held various roles with Bayer Crop Science and Monsanto Company, which was acquired by Bayer AG, including Head of Marketing Excellence, Head of Sales and Operations and Business Intelligence, and Head of Customer Analytics and Customer Experience among other roles. Ms. Oh graduated from Macalester College with a BA in Economics and Asian Studies.
• Named Paul Sansom to its Board of Directors. Mr. Sansom is an international C-level executive with a proven track record of delivering increased shareholder value in blue chip businesses, including PepsiCo and BMW, and Operational Partner positions within Private Equity Funds. His experience spans different industries and markets within Europe, Middle East and US. He is a UK Chartered Management Accountant, holds a BA (Hons) in Economics from City of London and is a qualified UK Corporate Treasurer.
• Named Ray Shankar to its Board of Directors. Mr. Shankar has been a Partner since 2019 at Oon & Bazul LLP, a prominent regional law firm where Mr. Shankar manages the Private Wealth and Family Office Practice where he routinely advises ultra-high net worth families on the structuring of their family offices, tax and immigration incentive applications as well as legacy planning. Mr. Shankar specializes in advising on the establishment of family offices, which includes legacy and estate planning, wills, trusts, family charters/constitutions, tax efficient structures and succession planning. Prior to joining Oon & Bazul LLP, Mr. Shankar served as the Managing Director of Ring City Limited, a group of operating companies in various sectors. Mr. Shankar received his Bachelor of Laws (LLB) from the National University of Singapore.
• Named Marvin Yeo to its Board of Directors. Mr. Yeo has a diverse range of experience in corporate finance, M&A and private equity spanning over two decades, working in various senior positions in reputable organizations such as Golden Rock Capital, the Asian Development Bank, Barclays Capital, and Nomura International. He has also been an F&B entrepreneur and taught postgraduate finance, after starting his career as an Engineer. Mr. Yeo holds a Bachelor of Engineering (Hons) degree from Monash University, an MBA from INSEAD, and is a Chartered Financial Analyst (CFA)
• Named Dr. Ahmed Khan to its Board of Directors. Dr. Khan brings more than 15 years of background in research and development (R&D) and operations, with experience in various sectors, including sustainability in the form of waste management and the automotive areas. Most recently, Mr. Khan led a team of engineers and laboratories at Saudi Investment Recycling Company, which advises government agents on waste management strategies and ensures compliance with regulatory bodies. Prior to Saudi Investment Recycling Company, Khan held several leadership positions including R&D Technical Director at Guilford Europe where he was responsible for ensuring planning and direction of technical and innovation programs, including design validation plans and technical oversight. He also held several positions at UtilEco Middle East including the role of R&D Director where he was responsible for planning and direction of technical and customer led programs. He holds a Doctorate in Biochemical Engineering and a Master of Research, Biochemical as well as a Bachelor of Science, Biochemistry and Bachelor of Engineering, Biochemical.
• Named David Errington to its Board of Directors. Mr. Errington brings more than 20 years of experience in Sustainability and Environmental Sector with 13 years regional expertise in the Gulf Cooperation Council, including KSA, Bahrain, Qatar, Kuwait, UAE and Oman. In his most recent role as the Head of Engineering, David has been responsible for strategic review of sustainable and innovative technologies, research and development activities related to global sustainability and recycling, and the development and management of strategic partnerships and joint ventures. He oversees the engineering department, including design consultants, project management teams, and plays a key role in project design. Mr. Errington has held various leadership positions, including Regional Director of a hazardous waste treatment company, where he was responsible for managing operations in Eastern Saudi Arabia, Bahrain, and Qatar, leading a team of 150 employees. He has also designed and implemented the largest construction waste recycling facility in Saudi Arabia and proposed and implemented sustainable facilities for clients globally. Additionally, he has managed global business development for environmental, waste, and industrial services, developing a pipeline of projects worth over $800 million. Some highlights of his career include serving on the steering committee for the SIRC Applied Solutions Center at KAUST (King Abdullah University of Science and Technology) to drive the implementation of sustainable technologies in Saudi Arabia. He has also managed joint ventures and strategic partnerships for the market entry of sustainable businesses into Saudi Arabia. Errington has played a key role in planning a recycling project masterplan in Saudi Arabia with an approximate value of 1.2 billion USD. He holds a Bachelor of Science in Chemistry from University of Durham.
• Named Mark McKinney to its Board of Directors. Mr. McKinney brings more than 30 years of domestic and international C-Level experience across various industries, six countries and three continents. Most recently, Mr. McKinney served as Chief Operating Officer of Local Bounti, a leading Ag-tech company specializing in indoor farming. During his tenure, McKinney was instrumental in the successful execution of the company's initial public offering on the NYSE, establishing Local Bounti as a key player in the industry. Prior to Local Bounti, from 2018 to 2021, McKinney was Chief Operating Officer at Fruit Growers (Sunkist Cooperative) where he managed multiple business verticals and supply chain operations supporting 39 packing houses and thousands of Sunkist growers. From 2015 through 2017, McKinney was CEO of Al Ghurair Foods, where he managed nine business lines with operations in four countries. Al Ghurair is one of the largest diversified enterprises in the Middle East, with global reach and business roots stretching back half a century. During his tenure there, the company improved cash flow by 100% and net profit by 67%. Prior to this, from 1993 to 2015 McKinney served in various senior roles at the Dole Food Company, including Senior Director positions in Dole Asia, Ltd. and Dole Europe S.A., President and Managing Director of Dole Thailand and President of Dole Packaged Foods Asia. McKinney's career includes several Board and Advisory roles. He holds an MBA from Claremont University's Peter F. Drucker Graduate Management Center and a Bachelor of Science degree in Chemical Engineering from California Polytechnic University, Pomona. McKinney brings more than 30 years of domestic and international C-Level experience across various industries, six countries and three continents.