High Performance Beverage Co. Secures $1.5 Million Dollar Debt Financing
June 04 2014 - 8:45AM
Marketwired
High Performance Beverage Co. Secures $1.5 Million Dollar Debt
Financing
CAVE CREEK, AZ--(Marketwired - Jun 4, 2014) - High Performance
Beverage Co. (OTC Pink: TBEV) (PINKSHEETS: TBEV) (the "Company") is
pleased to announce it has secured and finalized a $1.5 million
dollar debt financing.
Initial proceeds from the financing will be allocated towards
bringing Throwdown High Performance beverage to market. It is
expected that the $1.5 million will come in various tranches over
the next several months, as the company implements its core
business model which will also include the introduction of
additional beverage flavors and potential "trend" beverage
mixtures.
Toby McBride, High Performance Beverage Company CEO, stated, "We
have spent the last several months working diligently by
interviewing multiple potential lenders, in order to find an
appropriate financial partner for our Company. Now that our recent
funding commitment has been secured, we can initiate our business
model which includes bringing our Throwdown High Performance
beverage to market." He also stated, "We believe that we have now
entered into a new era for the Company and expect to see a
consistent flow of activity from our operations."
Peter W. Busch, Chairman of High Performance Beverage's Advisory
Board, stated, "I am very pleased to see that the appropriate
funding for working capital has been secured by the Company. I look
forward to watching Toby McBride and Mike Holly, as they take
Throwdown High Performance Beverage to the next level, and am proud
to be a part of this organization."
The Company is also currently working on updating and revamping
its retail and Company website, and expects it to be live and fully
functioning prior to the initial distribution of TBEV's product
lines.
The Company also expects to see consistent activity from its
operations and anticipates increasing its exposure through the
public dissemination of information in the form of press releases
on a more consistent level.
We would also like to take this opportunity to wish one of our
Throwdown High Performance Beverage professional athletes, Jonathan
Quick, much success as he and the LA Kings attempt to capture the
2014 Stanley Cup in the finals.
About High Performance Beverage Company
High Performance Beverage Company has created a new beverage
segment, under the trade name, Throwdown Performance Beverages,
which manufactures and distributes a line of sport performance
beverages. High Performance Beverage Company's sport performance
drinks are carefully formulated to support mental focus and help
increase blood flow, thereby giving the body the necessary fuel to
power through a specific event or throughout the day. Our unique
blends are designed to bridge the gap between supplements, energy
and hydration drinks, ultimately broadening our appeal and
providing access to an expanding target market. High Performance
beverages are sugar free and extremely low in both calories and
caffeine. This positioning makes High Performance Beverage Co.
beverages first to market with a sustainable competitive
advantage.
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of High Performance Beverage Company, its directors or
its officers with respect to, among other things: (i) financing
plans; (ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond High Performance Beverage
Company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors. More information about the
potential factors that could affect the business and financial
results is and will be included in High Performance Beverage
Company's filings with the Securities and Exchange Commission.
High Performance Beverage Co. Public Relations and Shareholder
Information Joseph M. Vazquez III Phone: (800) 767-9396 Email:
infinityglobalconsulting@gmail.com
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