Hall of Fame Beverages President Sets the Record Straight on Firing
July 06 2010 - 3:06PM
Marketwired
Hall of Fame Beverages, Inc. (PINKSHEETS: HFBG) President, Calvin
Ross, has announced that shareholders were misinformed today by
former HFBG CEO, Larry Twombly. "Mr. Twombly showed today exactly
why our attorneys penned and mailed his termination letter
yesterday. He was being fired and he knew that. Unfortunately his
past and his sole focus on the A.N.D. product and the V-Group were
in stark contrast to the focus of Hall of Fame Beverages and its
brands."
"In a recent meeting to finalize a deal with our new national
distributor and partner, an August 2005, USA Today article was
brought to my attention where Mr. Twombly embellished the facts of
his life. Our new partner was not comfortable moving forward with
Mr. Twombly as CEO, so after careful research and much thought, I
instructed our attorneys to proceed with the termination process. A
termination letter was mailed yesterday, and with the writing on
the wall, Larry Twombly used the company and its news service to
once again prove why he needed to be removed as CEO."
"Hall of Fame Beverages, Inc. has fully embraced its anchor
brand Atomic Dogg Super Soda and Grandmama's Sweet Southern Tea,
and it's these products that we'll be producing and distributing
more than 30,000 cases of in July. Our shareholders own shares of
Hall of Fame Beverages, and Atomic Dogg Super Soda and Grandmama's
Sweet Southern Tea are this company's featured brands... not A.N.D.
We apologize if our former CEO has directed the focus onto his
project rather than what he was hired at Hall of Fame Beverages to
focus on for you."
"Over the next month, it will be clear that we're focused, and
we're moving forward with a positive management team that
understands this company's products and brands. I have not attended
meetings with Mr. Twombly because I have been trying to increase
the value of this company by working on a distribution deal, a
marketing campaign and I have been focused on the production of our
products. I will be in New York next week meeting with the national
distribution partner and former number one NBA draft pick, Larry
Johnson, finalizing our national marketing campaign for the roll
out of our products. The marketing campaign will consist of
cardboard cut-out stand ups, posters and stickers."
"Again we apologize that we didn't remove Larry Twombly sooner
given his embellished USA Today article in 2005, but rest assured
we are focused here at Hall of Fame Beverages, and our management
team will only be getting stronger in the weeks to come."
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 Grandmama's 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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