VANCOUVER, British Columbia, Oct. 29, 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 improving food quality, lowering operational costs, minimizing waste and enhancing sustainability, today announced the appointment of Shai Altman to its Advisory Board. In this role, Mr. Altman will advise management on the Company’s North American commercial strategy, with a focus on key customer relationships and growth opportunities. He will draw on his operating and leadership experience at some of the world’s leading food and consumer companies.
“With our technology validated at commercial scale by major North American customers and vendor approvals that open the door to leading national restaurant chains, the opportunity ahead is significant,” said Jonathan Or, CEO and Co-Founder of Beyond Oil. “Shai has built and led food and consumer businesses for years, and he understands the fried food industry from within. He brings the operating experience and strategic perspective to help us deepen our relationships with key customers, particularly in western markets. We are thrilled to welcome him to the Advisory Board.”
Mr. Altman is a senior food and consumer goods executive with nearly three decades of experience building businesses in Canada and internationally. He served as President of McCain Foods Canada, the Canadian operations of the world’s largest producer of French fries and fried appetizers, and spent 17 years at the Wrigley Company (Mars, Incorporated), including as President of Wrigley Canada and General Manager of Wrigley Israel and Wrigley India. He later served as CEO of publicly traded Zenabis Global Inc until its successful acquisition by HEXO, and as President, North America of Remilk, an animal-free dairy protein company. Based in Toronto, Mr. Altman is Managing Partner of Altman Consulting Inc., where he advises startups, private equity firms, consumer packaged goods and global food companies.
“Beyond Oil has developed a technology that addresses one of the food industry’s most fundamental challenges, and the Company’s commercial progress in North America is impressive,” said Shai Altman. “I am pleased to join the Advisory Board as the Company advances its North American commercial strategy. Having spent my career building food and consumer businesses across Canada and around the world, I see significant opportunity for this technology across Quick-Service Restaurants (QSR), foodservice, retail, and industrial settings, and I look forward to putting that experience to work, beginning with opportunities across North America.”
Mr. Altman joins the Advisory Board’s current members, Giora Bardea, former Chief Executive Officer and President of Strauss Group; Daniel Birnbaum, former Chief Executive Officer of SodaStream; Dganit Kramer, CEO of Hot Mobile; and Arie Halpern.
About Beyond Oil Ltd.
We all love fried food. Let’s make it better. Not by changing what people love. By improving the system behind it. Beyond Oil Ltd. (TSX: BOIL, OTCQB: BEOLF) is a food-tech innovation company on a mission to help foodservice operators improve fried food across every dimension that matters: quality, health, consistency, safety, sustainability and profitability. We achieve these outcomes by improving the system behind every kitchen, the frying performance and oil management that determine what lands on the plate. The Company’s patented technology, cleared by the FDA and Health Canada, integrates into existing kitchen workflows to improve frying performance and oil management, helping operators deliver more consistent food, strengthen operational control and reduce oil waste. Beyond Oil’s solution serves restaurant chains, supermarkets, hotels, catering, institutions and industrial frying operations worldwide, turning frying into a measurable, repeatable and scalable brand standard. The result is a better frying standard, helping every fryer, every shift and every plate live up to the food people love. For more information, please visit: www.beyondoil.co.
Forward-Looking Statements and Information
This news release contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of other relevant securities legislation, including applicable securities laws in Canada, which reflect Beyond Oil Ltd.’s current views with respect to, among other things, its operations and financial performance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Beyond Oil Ltd. are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, this news release contains forward-looking statements regarding: the appointment of Mr. Altman to the Company’s Advisory Board; the anticipated contribution of Mr. Altman to the Company’s commercial strategy and initiatives in North America; the Company’s ability to accelerate revenue growth, expand national chain account penetration, and scale partnerships across North America; the potential for Beyond Oil’s product to achieve widespread commercial adoption across quick-service restaurant chains, casual dining operators, food retail networks and other foodservice segments; and management’s expectations regarding the expansion of commercial operations. Forward-looking statements are subject to specific risks and uncertainties, including: the risk that Mr. Altman’s appointment does not result in the anticipated commercial benefits; the risk that the Company is unable to convert prospective customer discussions or trial programs into commercial supply agreements; the timing, pace, and extent of customer adoption; supply chain and distribution capabilities in the United States; competitive pressures in commercial kitchen and oil management solutions; and general economic and market conditions affecting the foodservice industry. Although Beyond Oil Ltd. believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in the USA and Canada, as well as factors not presently known to Beyond Oil Ltd. or that Beyond Oil Ltd. currently believes are not material, could cause actual results to differ materially from those contemplated or implied by forward-looking statements. Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, Beyond Oil Ltd. undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
Company Contact:
Adi Olesker, VP of Investor Relations
Phone: +972-50-694-2517
adio@beyondoil.co
Investor Relations Contact:
Arx Investor Relations
North American Equities Desk
BOIL@arxhq.com
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