Minerco Resources, Inc. to Meet With All Note Holders and Lenders Prior to Investor Conference Call
March 31 2014 - 12:45PM
Marketwired
Minerco Resources, Inc. to Meet With All Note Holders and Lenders
Prior to Investor Conference Call
NASHUA, NH--(Marketwired - Mar 31, 2014) - Minerco Resources,
Inc. (OTCQB: MINE) (the "Company"), the parent company of Level 5
Beverage Company ("Level 5"), a specialty beverage company which
develops, produces, markets and distributes a diversified portfolio
of all-natural and highly functional brands, announces collective
and individual meetings with all of the Company's lenders and Note
holders.
Note Holder and Lender Meeting(s) Starting last week and
continuing for the next few weeks, the Company has been and will be
engaging all of our Note holders and lenders in private discussions
concerning the tremendous opportunities, partnerships and
challenges in front of Minerco and Level 5. We want to give all of
our Lenders the opportunity to be equitable partners with Minerco
and Level 5; however, Lenders unwilling to provide updated and/or
equitable terms will be considered unfriendly. Minerco will finally
have decisive control of our financings and is in a premier
position to choose our Lenders (rather than Lenders choosing
Minerco).
All friendly and equitable Lenders (partners) will participate
in a collaborative meeting / conference call, currently scheduled
for the week of April 14, 2014. These newest partnerships will help
to clean up the Company's Balance Sheet, but more importantly, will
provide the Company with financial stability and strength as we
take the next steps in our business plan.
V. Scott Vanis, the Chairman of the Company, said, "This
calendar year has been amazing, and we have been relatively quiet
as we put some of the bigger pieces in place. The next piece is to
sort lending partners from unfriendly Note holders. We know we have
some very dedicated and loyal lending partners, and to them, we say
'Thank You! We look forward to a prosperous future together!' We
are calling out each of our Note holders and Lenders: 'Who wants to
be our partner, and who would like us to terminate the relationship
permanently?' The Company hopes to have the financial partners
sorted out by the end of April, so we may continue the next steps
on a larger and healthier playing field. As always, we will keep
you informed of developments and opportunities at the soonest
opportunity."
Public Disclosure Details of the Company's business, finances
and agreements can be found as part of the Company's continuous
public disclosure as a fully reporting issuer under the Securities
Exchange Act of 1934 filed with the Securities and Exchange
Commission's ("SEC") EDGAR database. For more information, please
visit: www.minercoresources.com.
The above statements have not been evaluated by the Food and
Drug Administration (FDA). These products are not intended to
diagnose, treat, cure or prevent any disease.
Safe Harbor Statement This release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Act of 1934 that are
based upon current expectations or beliefs, as well as a number of
assumptions about future events. Although we believe that the
expectations and assumptions upon which they are based are
reasonable, we can give no assurance that such expectations and
assumptions will prove to have been correct. Some of these
uncertainties include, without limitation, the company's ability to
perform under existing contracts or to procure future contracts.
The reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to
numerous factors and uncertainties, including without limitation,
successful implementation of our business strategy and competition,
any of which may cause actual results to differ materially from
those described in the statements. We undertake no obligation and
do not intend to update, revise or otherwise publicly release any
revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
any unanticipated events. Although we believe that our expectations
are based on reasonable assumptions, we can give no assurance that
our expectations will materialize. Many factors could cause actual
results to differ materially from our forward-looking
statements.
Please contact: Minerco Resources, Inc.
info@minercoresources.com John F. Powers 888-473-5150