Republic of Texas Brands Clarifies Symbol Change RTXBQ
February 20 2014 - 8:30AM
Marketwired
Republic of Texas Brands Clarifies Symbol Change RTXBQ
DALLAS, TX--(Marketwired - Feb 20, 2014) - Republic of Texas
Brands, Inc. (PINKSHEETS: RTXBQ) wishes to clarify the symbol
change that occurred this morning. The symbol (RTXBQ) was caused by
the debtor in possession bankruptcy filing on December 16, 2013. We
did this action to protect the shareholders against what we believe
fraudulent action by Empire Capital LLC. Empire had caused us to
initiate a capital structure change to the company for a services
contract that would enable us to fund the acquisition of a highly
profitable BarBQ chain in the Dallas area. We plan on moving out of
bankruptcy shortly as we are preparing to file the reorganization
plan soon.
About Republic of Texas Brands Incorporated:
Republic of Texas Brands Incorporated (RTXBQ) has a distinct
unique brand and logo that captures the emotion attached to Texas
and its independent attitude, recognized and loved around the
world. Our mission is to find the premier cannabis and hemp
industry innovators, leveraging our team of professionals to
source, evaluate and purchase value-added companies and products,
while allowing them to keep their integrity and entrepreneurial
spirit. Soon we will be launching our first new Hemp base energy
drink plus other fine hemp products. To see the new direction the
company is going please visit the company website at:
http://www.cannabis-holdings.com
Safe Harbor Act: This release includes forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 that involves
risks and uncertainties including, but not limited to, the impact
of competitive products, the ability to meet customer demand, the
ability to manage growth, acquisitions of technology, equipment, or
human resources, the effect of economic business conditions, and
the ability to attract and retain skilled personnel. The Company is
not obligated to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the
date of this release.
Contact: Randy Safford COO Email Contact
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