Minerco's Level 5 Increases Avanzar Stake to 75%
May 06 2015 - 1:00PM
Minerco Resources, Inc. (OTC:MINE), parent company of Level 5
Beverage Company, Inc., the makers of VitaminFIZZ®, announced that
Level 5 has exercised its option to purchase an additional 24%
equity stake in Avanzar Sales and Distribution, LLC in California.
This option increases Level 5's equity stake in Avanzar to 75%.
Minerco previously announced the initial purchase of the
controlling interest last year and a 21% equity purchase option
during March of this year in Avanzar.
"Minerco is taking accelerated and strategic steps to acquire
cash flowing assets to increase our stockholders' equity," said V.
Scott Vanis, Minerco's Chairman and CEO. "Our partnership with
Avanzar continues to be mutually beneficial on multiple levels.
With our support and their expertise, Avanzar has been able to
increase its clientele and geographic network, which in turn has
quickly increased the number of retailers carrying VitaminFIZZ and
all of Avanzar's products."
Avanzar is a leading full service broker and distributor of
world-class consumables and products. The company distributes
specialty snacks and beverages to over 5,300 Southern California
locations from Santa Barbra to San Diego. Avanzar's high-profile
accounts include Gelson's, Kmart, Stater Bros., Walmart and Winco
as well as recently expanded contracts with Albertsons and
Walgreens.
Bill Juarez, the President of Avanzar, stated, "We are very
pleased to have Minerco and Level 5 increase their investment in
our organization. This partnership has resulted in significant
expansion in our service offerings and our footprint. We are well
positioned to continue our growth and breadth for all parties."
About Avanzar
Headquartered in Brea, California, Avanzar Sales and
Distribution specializes in working with early stage, fast moving
consumer brands to develop and implement sales and distribution
strategies. The Company operates a full service brokerage which
includes account management, trade development and logistics
services as well as in house DSD operations throughout Southern
California. Avanzar distributes products to some of the most
trusted retailers in the United States, including Kroger,
Albertsons, HEB, Golub (Price Chopper), Whole Foods, Walgreens,
7-Eleven, Tesoro, Circle K, Chevron, Kmart, Walmart, Stater Bros.,
Gelson's and Winco. www.avanzarsales.com
About Minerco Resources, Inc.
Minerco Resources, Inc. (OTC:MINE), is the parent company
specializing in the food and beverage industry. Its portfolio
of companies include Level 5 Beverage Company, Inc. (Level 5),
Avanzar Sales & Distribution, LLC and The Herbal Collection™.
Level 5 is a specialty beverage company that develops, produces,
markets and distributes a diversified collection of
forward-thinking, healthful consumer brands. Level 5 brands include
VitaminFIZZ®, Vitamin Creamer® and Island Style™.
http://minercoresources.com
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: http://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.
CONTACT: Media Contact:
W. Jason Grimley
Spelling Communications
323-309-8714
jasongrimley@spellcom.com
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