HFBG Offers Shareholder Update Ahead of Distribution Partner Announcement
July 12 2010 - 9:45AM
Marketwired
Hall of Fame Beverages, Inc. (PINKSHEETS: HFBG) President Calvin
Ross addresses shareholder questions and concerns leading up to
this week's announcement of the company's new distribution partner.
"We are excited to have reached the week we'll be unveiling our
new distribution partner. Our partner requested we push the date
back to allow both companies to present a dual announcement to its
shareholders and those who are associated with our private partner.
We will be releasing the news this week and we're ready to hit the
ground running with our new distribution network and our newest
management consultant," Ross said.
HFBG's President would also like to clear up some items with
shareholders that continue to arise in phone calls and emails.
First, Ross said he will commit to the company's shareholders there
will be no reverse split in 2010. "I have been getting plenty of
calls and emails asking about a reverse split, and the simple truth
is a reverse split is absolutely not in our plans anytime this year
or anytime soon for that matter and never has been. We have made
good use of the shares this company has outstanding, and those
shares have allowed us to further this business well into the
future."
Also, late in the Second Quarter, Hall of Fame Beverages raised
the number of Authorized Shares the company had in its share
structure. In another commitment to shareholders, Ross said, "we
are fully funded and there will not be any further increases in the
Authorized Shares for the remainder of 2010."
Finally, Ross says shareholders should continue to follow the
company's website as the site is currently being updated.
About Hall of Fame Beverages
Hall of Fame Beverages, Inc. is a new lifestyle company
dedicated to building long-term success through the creation,
manufacture, distribution, and marketing of innovative
non-alcoholic beverages recognized for their fresh, standout brand
identities that rise above the plethora of average products. Hall
of Fame Beverages is a team of visionary and seasoned beverage
industry executives who intend to leverage their expertise and
their established resources in beverage commerce to make Hall of
Fame Beverages one of the industry's big winners via its signature
brands Atomic Dogg Super Soda and Grand Ma Ma Sweet Southern
Tea.
"Safe Harbor Statement"
Under The Private Securities Litigation Reform Act of 1995: The
statements in the press release that relate to the Company's
expectations with regard to the future impact on the Company's
results from new products in development are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The results anticipated by any or all of these
forward-looking statements may not occur. The Company undertakes no
obligation to publicly release the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof, or to reflect the occurrence
of unanticipated events or changes in the Company's plans or
expectations.
CONTACT Hall of Fame Beverages Inc. Calvin Ross Email Contact
http://www.halloffamebeverages.com/
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