Republic of Texas Brands to Acquire Chill Texas, Inc.
February 25 2014 - 8:30AM
Marketwired
Republic of Texas Brands to Acquire Chill Texas, Inc.
DALLAS, TX--(Marketwired - Feb 25, 2014) - Republic of Texas
Brands, Inc. (PINKSHEETS: RTXBQ) has signed a letter of intent to
acquire Chill Texas Inc. the exclusive distributor in Texas for the
Hemp based Chillo energy drink made in Austria. Randy Safford COO
says, "We are extremely excited about this company and we are
confident it is a money maker based on orders we have already
received for the Chillo product. By acquiring Chill Texas Inc. we
will increase our margins by lowering our costs and is a logical
move as one of the first companies that will be brought under the
RTXBQ umbrella of Cannabis based products. We will be filing our
reorganization plan shortly and the Chill Texas, Inc. acquisition
will be part of the plan." The final closing will be
post-bankruptcy.
Additionally, RTXBQ is already in various stages of discussions
with other reputable hemp and medicinal marijuana operations to
complement the anticipated acquisition. RTXBQ plans to create an
umbrella of proven, high-growth operations within this lucrative
market. Shareholders can expect more information on these
complementary operations as negotiations allow.
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.
To see the new direction the company is going please visit the
company website at: http://www.republicoftexas.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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