IRVINE, CA--(
NewMediaWire) - Jul 22, 2016) -
Executives of Avita Beverage Company LLC., a subsidiary of iBrands
Corporation, Inc. (OTC
PINK: IBRC), update shareholders and potential shareholders as
they march forward with progressive changes.
Avita Beverage Company will continue to operate as an
independent entity out of their Corporate Headquarters in Los
Angeles, California. The office in LA is the home base for the
expanding West Coast sales team and internal operations. The
bottling, logistics and Mid-West sales office will remain in
Roscommon, MI.
The corporate structure of Avita is currently being changed from
a Delaware LLC to a Wyoming C Corporation. "This will help us stand
on our own and be prepared for our ultimate goal of becoming an
independent public company," said Clinton L. Stokes III.
Mr. Stokes went on to talk about the sales strategy of Avita:
"The main reason we merged with iBrands is because of the many
sales channels they have in the convenient store space. We have
become the 'go to' water for first responders in crisis, so it
makes sense to have the same water available at any convenient
store to take advantage of that exposure. We will continue to
partner with celebrities to bring awareness and real help when a
crisis or natural disaster strikes. We will live up to our mission
of giving everyone in need access to clean, healthy drinking
water." Avita is also working to renew several of the NBA and MLB
sponsorship contracts. Having been the only bottled water at Dodger
Stadium for two consecutive seasons really helped the publicity and
exposure for the Avita brand.
The executive team will be led by Clinton L. Stokes III as the
CEO and Ken Mayeaux as the COO, with an outstanding support team in
place for administration and a Board of highly qualified
individuals with a track record of business success. The
operational expertise of Avita's management team, coupled with the
marketing and distribution channels of iBrands, will catapult
Avita's brand awareness and drive consumer demand, making it one of
the most recognized names and highly sought after products in the
Premium Bottled Water space.
About iBrands Corporation, Inc.:
Headquartered in Irvine, California, iBrands Corporation, Inc.
engages in the manufacturing and distribution of Ultra-Premium
Vapor and Beverage products. The company offers a wide variety of
Vapor Products, E-Liquids and Natural Beverages that are made in
the USA.
Safe Harbor Statement:
This press release may contain forward looking statements
and or observations which are based on current expectations,
forecasts, and assumptions that involve risks as well as
uncertainties that could cause actual outcomes and results to
differ materially from those anticipated or expected, including
statements related to the amount and timing of expected revenues as
well as any payment of dividends on our stock, statements related
to our financial performance, expected income, distributions, and
future growth for upcoming quarterly and annual periods. These
risks and uncertainties include but not limited to information as
contained within the Company's most current quarterly reports,
annual reports, and or other such filings as may be accessed
through the OTCBB website. Furthermore, the Company disclaims any
intention or obligation to update or revise any such forward
looking statements, whether as a result of new information, future
events, or otherwise. We have incurred and will continue to incur
significant expenses in our expansion of our existing as well as
new product lines noting there is no assurance that we will
generate enough revenues to offset those costs. Additional
product offerings may expose us to additional legal and regulatory
costs and unknown exposure(s) based upon the variables as
associated with the general business channel we are operating in,
the impact of which cannot be predicted at this time including
risks as associated with our product and recent FDA pronouncements.
Additionally, our 1-A registration statement will generate
additional free trading shares to the marketplace at a
pre-determined price which may impact our share pricing within the
OTC marketplace in a manner that we cannot predict.