DENVER,
April 4, 2014 /PRNewswire/ -- DC
Brands International, Inc. (OTCQB: HRDN) ("DC Brands" or the
"Company") is excited to announce that it is changing its corporate
focus to become a financing and service provider to the growing
Colorado marijuana industry. DC
Brands, through its newly formed and 80% owned subsidiary, DC
Brands Green Investments, LLC, intends to provide accounting,
security, compliance, payroll processing and tax payment services
to fully licensed Colorado medical
and recreational marijuana businesses.
Due to current banking restrictions many fully licensed
Colorado marijuana growers and
sellers are forced to do business in only cash. This creates
many challenges in banking, paying employees, remitting taxes, etc.
The Company currently has a one million
dollar commitment from an existing financing partner and is
in discussions with several others for additional offers to fund
this new business opportunity.
Bob Armstrong, the CEO and
CFO stated, "We believe that refocusing the company as a
comprehensive service provider to this rapidly expanding local
industry will provide the best opportunity to maximize our
shareholder value and reduce the debt on our balance sheet. He
continued, "We are also currently working closely with local
Colorado marijuana attorneys to
ensure that our activities will not create any "ownership position"
as a licensed grower or seller in the eyes of the Colorado
Marijuana Enforcement Division of the Department of Revenue – the
regulatory body of the state's marijuana
industry."
The Company anticipates closing on a contract with its
first client within the next 30 days.
About DC Brands International, Inc.
DC Brands
International, a publicly traded company under the ticker symbol
(HRDN), formerly specialized in the manufacturing of its functional
beverages and health products. The company currently owns a 15%
stake in Village Tea. Established in 1998, DC Brands began
producing a number of lines of energy drinks in 2005. DC
Brands then purchased the assets of H.A.R.D. Nutrition and began
its quest to produce a new health line of products. DC
Brands released of its H.A.R.D. Nutrition Functional Water Systems,
which was revolutionary in the functional beverage category. The
company also has a minority equity stake in Village Tea Company
Distribution as well as a product development agreement for
ready-to-drink tea based beverages.
Forward-Looking Statements
This press release
may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. The Company intends for the
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements. Words such as
"anticipates," "expects," "intends," "plans," "believes," "seeks,"
"estimates," or variations of such words are intended to identify
such forward-looking statements. The forward-looking statements are
based on current expectations, estimates and projections made by
management and include statements regarding the company's new
corporate focus and future plans. All forward-looking statements in
this press release are made as of the date of this press release,
and the Company assumes no obligation to update these
forward-looking statements other than as required by law. The
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those set
forth or implied by any forward-looking statements, such as our
ability to implement successfully our new corporate plan, attract
clients and necessary capital, and the continued rapid growth of
the local Colorado marijuana
industry, and the risk factors discussed in the Business and
Management's Discussion and Analysis sections in our Quarterly
Reports on Form 10-Q, Annual Reports on Form 10-K and Current
Reports on Form 8-K. Copies of these filings are available
at www.sec.gov
dcbrands.info@gmail.com
(720) 281-7483
SOURCE DC Brands International Inc.