HOUSTON, March 27, 2014 /PRNewswire/ -- Team Nation
Holdings Corp, (a Nevada Corporation) (OTCBB: TEMN), today
announced that it has officially changed its name with the
State of Nevada to Top Shelf
Brands Holdings Corp. in order to reflect the true business of the
company. The company has also received a new CUSIP number in
preparation for a new trading symbol and up-listing in the near
future. Management has also filed the paperwork required to
reduce the authorized shares of the company from 5 billion to 2
billion thereby protecting current shareholder value by
significantly reducing the ability to dilute shareholders.
Alonzo Pierce, CEO of Top Shelf
Brands Holdings Corp, commented, "These changes are essential for
us to achieve the goals we set when embarking on the task of
becoming a fully reporting public company and gaining access to the
public capital markets. Our new name reflects on our belief
that our brands are some of the best tasting distilled and herbal
infused spirits engineered in the market that will capitalize in
the alcoholic beverage industry that is expected to exceed
$1 trillion and 210 billion
liters. The share authorization reduction confirms my
commitment to build shareholder value." Management has also
adopted an omnibus stock option plan for its employees. "Our
stock option plan was implemented to give us the ability to attract
and maintain key employees while executing our business plan.
It is important for a small company to be able to compete for the
best talent available and stock options give us that competitive
edge," continued Pierce.
This news release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," "forecasted" and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, no guarantees of Team
Nation Holdings Corporation, Inc.'s future operational or financial
performance, and are subject to risks and uncertainties. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release. Due to
the risks and uncertainties, actual events may differ materially
from current expectations. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
SOURCE Team Nation Holdings Corp