CAVE CREEK, AZ--(NewMediaWire - Oct 9, 2015) - High
Performance Beverage Co. (OTC
PINK: TBEV) (the "Company") is pleased to announce that it
has entered into a binding term sheet and definitive agreements to
obtain up to $5 million dollars in additional financing in the form
of an equity line that also includes $450,000 in immediate bridge
capital in the form of a unsecured promissory note (the "Note")
that is to be issued to GHS Capital LLC.
As currently anticipated, Private Equity Group, GHS Capital LLC
("GHS") based in California is to provide the $5 million in
financing over a 24 month period. In addition to certain other
obligations set forth in the definitive agreements between the
Company and GHS, the Company is obligated to file a registration
statement with the U.S. Securities & Exchange Commission
("SEC") registering the shares to be issued to GHS and the
obligation of GHS to provide the financing is subject to the
registration statement becoming effective. In the interim, the
Company is to issue the Note to GHS for the $450,000 bridge
loan.
The Company is also pleased to report that it has retired four
convertible notes in the last 60 days and, if circumstances and
market conditions allow, the Company seeks to consolidate certain
other outstanding debt. If the Company is successful in
consolidating some or all of its outstanding debt, the Company
believes that it may allow the Company to better implement its
financial and operating strategies.
Toby McBride, High Performance Beverage CEO, stated, "True to
our word, we have not taken a penny in capital from convertible
notes in 2015 and have now found what we consider to be a long term
financial partner through private equity group, GHS Capital LLC,
who have committed to a $5 million dollar equity line financing. We
are confident that this equity line should allow us to create
better investor sentiment as we seek better and stronger
alternatives to raising capital. If circumstances and market
conditions allow, the proposed financing that we receive from GHS
may allow us to reduce our overall debt levels, allow us to
introduce more flavors of our High Performance Sports Drink, build
our beverage inventory levels and develop a nationwide distribution
channel for retail sales, which we seek to implement at the
beginning of 2016."
Michael Holley, High Performance Beverage President, stated, "We
are ecstatic with the response we have received from our initial
sales launch where we became Amazon.com's #1 Best Seller in the
nutrition category within the first 48 hours of the introduction of
our product. The success of our sales launch is a testament to the
commitment we have in creating the best sports drink out in the
market. We have taken steps to beef up our inventory levels at
Amazon and now have a good grasp of their protocol procedures,
which will enable us to keep our product in their inventory
base."
MATTER OF FORWARD-LOOKING STATEMENTS
THE FOREGOING CONTAINS "FORWARD-LOOKING STATEMENTS" THAT CAN BE
IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES,"
"EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE
NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR
COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT
INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION
THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT
NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S FINANCING PLANS,
GOALS, COMPETITIVE AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS
ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH
PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE
RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER
MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE
ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY.
FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE
CAUTIONARY STATEMENTS AND IMPORTANT FACTORS DESCRIBED IN THE
COMPANY'S FILINGS WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.
THE RISKS INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED
WITH AN EARLY-STAGE COMPANY THAT HAS ONLY A LIMITED HISTORY OF
OPERATIONS, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE
COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER
ESTABLISHED COMPETITORS, TECHNOLOGICAL CHANGES THAT MAY LIMIT THE
ABILITY OF THE COMPANY TO MARKET AND SELL ITS PRODUCTS OR ADVERSELY
IMPACT THE PRICING OF THESE PRODUCTS. ANY ONE OR MORE OF THESE OR
OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM
THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH
FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO
UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS,
CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THE FOREGOING
OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT
EVENTS.
For more information go to:
High Performance Beverage's corporate website
www.bev.highperformancebeverage.com
www.hpbev.net
About High Performance Beverage Company
High Performance Beverage Company has created a new beverage
segment under the trade name High Performance Beverages which
manufactures and distributes a line of sport performance drinks.
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 calories and caffeine. This
positioning makes High Performance Beverage Co. sport drinks 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," "should," "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.