National Distribution Partner to Consult for Management Team at HFBG
July 08 2010 - 10:00AM
Marketwired
Hall of Fame Beverages, Inc. (PINKSHEETS: HFBG) is set to
strengthen its management team with the addition of a well
respected and experienced advisor/consultant from the beverage
Industry. Company President Calvin Ross attended meetings in New
York City this week with the company's new distribution partner
along with former NBA player Larry Johnson to discuss a marketing
campaign and said, "We are on the doorstep of something big here at
Hall of Fame Beverages. Admittedly we're pretty excited about where
this company is headed given we're about to take a giant leap in
garnering more respect in the industry, with the team we're
building, to run this company. We are bringing someone on board who
can immediately command respect just by picking up the phone."
Ross said the company will be announcing the new distribution
partner, and in turn, its newest member of the management team in
the coming days.
A few company updates include:
Because the beverage industry requires a quick response to the
consistently changing production, distribution, etc. we need to
remain flexible for the future. We are very hopeful that future
revenues will help pay in large part our future Operating costs,
but having alternative funding options in place is a responsible
business practice. We can't afford to have any delays in supplying
our distribution partner.
The company is in its busiest season and will need to postpone
the conference call scheduled by HFBG's former CEO for July, to a
more responsible time. Ross said, "We are making labels for our new
bottles, getting Kosher certified, holding meetings in different
parts of the country to put together a marketing campaign, so this
isn't the best time for management to stop our business.
Shareholders want the company to perform, so we need to perform
now, and we'll hold a conference call when things slow down."
This month Hall of Fame Beverages will be producing more than
30,000 cases of its anchor brand Atomic Dogg Super Soda and its
newest brand Grand Ma Ma Sweet Southern Tea for distribution across
the country. Ross said, "We have been extremely busy negotiating
with a national distribution partner, as well as lining up funding
to pull off production and distribution of a roll out this
size."
HFBG's new distribution agreement includes sales and marketing
of Hall of Fame's products in all 50 states and Canada. The new
partner has a broad reach of products to a multitude of national
accounts including, BJ's Wholesale, ABC Liquor, Sam's Club, Key
Foods among many others.
Ross added, "Securing funding for a capital intensive business
is a necessary evil, and recent funding with a lender was
instrumental in allowing us to produce and distribute our products
and eventually realize revenues for our efforts. It will be future
revenues and branding of our products with the help of our
respected National distributor partner that will bring value to
Hall of Fame Beverages and value to our shareholders."
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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