Hall of Fame Beverages Updates on Conference Call
March 22 2010 - 4:04PM
Marketwired
Hall of Fame Beverages (PINKSHEETS: HFBG) is pleased to post
updates following last Thursday's conference call (Thursday, March
18, 2010). The call was a success in the company's view point. Mr.
Larry Twombly, CEO of the company, went over many issues in detail
with many questions from the shareholders. Points gone over are as
follows:
1) The Partnership between V Group and Hall of Fame Beverages
and the a.n.d. product. The V Group's role in progressing Hall of
Fame Beverages, including current management and past
management.
2) The Company spoke about the planned roll out of the a.n.d.
product. We had indicated that we are looking for an early May
launch on the East Coast and a late June launch on the West
Coast.
3) The Company is expecting approximately 5,000 cases a month
for the first 3 months and quickly growing to an estimated 25,000
cases a month by the end of summer. 5,000 cases per month =
$87,500.00 per month or aprox $1,000,000.00 per year. 25,000 cases
per month = $437,500.00 per month or aprox $5,250,000.00 per
year.
4) Mr. Twombly next spoke about the launch of a.n.d. energy. We
had indicated that the development was completed and we are hoping
for a late June production.
5) The Company also spoke about the Atomic Dogg new package. Mr.
Twombly indicated why the Company felt a new PET package would be
beneficial while explaining that the Company has positioned the
product as a "Super Soda" in the attempt to create a new
category.
6) Hall of Fame Beverages emphasized the importance of open
communications with the shareholder base as HFBG feels they are
essential in the grass roots efforts to promote the products.
7) And in closing, the Company spoke of how we wish to have a
conference call every quarter to answer any questions they can.
Also the Company, in an effort to become transparent, is
currently working on updating all the pinksheets information to
take the "caveat emptor" sign down and post limited information up
for shareholders to view. The Company has posted the most recent
financials and as of Friday, March 19, 2010, needs a couple more
documents to make this happen. As well, plans for the update of the
Hall of Fame Corporate website have had some slight delays as this
problem is attempting to be worked on. The Company hopes to have
the website updated within the week as there has been great
anticipation of this. The Company apologizes for any inconvenience
on time delays of this matter.
About Hall of Fame Beverages Hall of Fame Beverages, Inc. is an
innovative new lifestyle company dedicated to building long-term
success both through the creation of a unique and recognizable
brand name, and through the integration of commercial success with
social awareness. Convinced that "success" in business has long
been too narrowly defined, Hall of Fame Beverages was founded by a
group of visionary beverage industry executives who shared a common
goal of leveraging the power of commerce in a way that was
consistent with their desire to foster greater inclusion in the
business world. The team of seasoned industry executives have set
out to become one of the leaders in the beverage industry through
developing, distributing and marketing their signature product
lines. Hall of Fame Beverages was formed to take advantage of the
tremendous industry expertise and experience of a talented group of
beverage industry professionals and create opportunities through
the implementation of an exciting and innovative business plan. The
Company aims to become a leader in the beverage industry through
the creation, manufacture, distribution, and marketing of
non-alcoholic beverages under its signature brand.
Safe Harbor Statement: Except for historical information
contained herein, the matters set forth above may be
forward-looking statements that involve certain risks and
uncertainties that could cause actual results to differ from those
in the forward-looking statements. Such forward-looking statements
are based on the current beliefs of management, as well as
assumptions made by and information currently available to
management. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of
certain factors such as the level of business and consumer
spending, economic conditions in the industry and the financial
strength of the Company's customers and suppliers. HFBG does not
undertake any obligation to update such forward-looking statements.
Investors are also directed to consider all other risks and
uncertainties.
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