Hall of Fame Accepts Invitation to Build Operations in Los Angeles Suburb
October 27 2010 - 9:30AM
Marketwired
Hall of Fame Beverages (PINKSHEETS: HFBG) -- At a press conference
this afternoon, Wednesday, October 27, the city of Pacoima,
California, will announce that Hall of Fame Beverages is moving
operations to its city. Pacoima, located just 20 miles from
downtown Los Angeles, has been building an impressive list of
businesses in its Empowerment Zone, and many of those businesses
will be joining the city to welcome Hall of Fame at today's, by
invitation only, press conference. The event will be held at the
Boys and Girls Club in Pacoima beginning at 4:30 PM PDT.
Costco, Best Buy, and Lowe's are just a few of the companies
recently accepting the invitation to move into the Empowerment
Zone. In early 2010, Plaza Pacoima opened after Costco and Best Buy
took advantage of tax breaks and Empowerment Zone grants to move
into a newly built $78-million, 209,000 square foot shopping plaza
specifically built for both companies. It will be these same tax
breaks and Empowerment Zone grants that will allow Hall of Fame to
build a campus as part of an urban renewal project to revitalize
the San Fernando Valley city. Hall of Fame will join the area's
growing business community and use Empowerment Zone funding to
build its campus that will include its own distribution warehouse
and production facility.
Joining officials from Costco and Best Buy at the press
conference will be Los Angeles 7th District Councilman Richard
Alarcon and business leaders from the Chamber of Commerce, Vallarta
Supermarkets, Coca Cola, Sam's Club, Wal-Mart, Mission College, the
NAACP, Los Angeles Unified School District, and numerous others.
Many of these same companies and entities will be working with Hall
of Fame. The company will work with the city to place Grand Ma Ma's
Sweet Southern Tea in schools in the Los Angeles Unified School
District and at Mission College. Vallarta Supermarkets operates
numerous locations throughout California, and Hall of Fame will be
working to place products in these locations.
Robert Winn, a consultant with the Los Angeles City Council's
office and a liaison on this project for the city, says, "We'll
provide Hall of Fame Beverages with in-roads to Costco and the
other businesses located in Empowerment Zones. We want to engage
with companies like Hall of Fame because they can create jobs and
put our youth to work." Winn said the advantage to companies
locating in the Empowerment Zone is that they can receive favorable
tax breaks and those companies can receive zone grants on brick and
mortar projects and additional monies to create jobs and add local
employees. He added, "We will create an atmosphere for both to
succeed."
Plays and Grades, Inc. is a unique organization in the equation
and will be front and center to extend a hand welcoming Hall of
Fame to Pacoima. The organization will apply alongside Hall of Fame
for grants to put the city's youth to work and will be providing
the beverage company with some of its employees. In the package to
lure Hall of Fame Beverages to move to Pacoima, the offer to
provide employees to run the distribution warehouse and the
production facility was attractive to both the company and the
city's unemployment rate.
Chris Richards founded Plays and Grades in 1997 as a real
solution to address gang violence in Pacoima, and he says, "This
opportunity gives us another avenue to reach out and teach our
at-risk youth. We will start an entrepreneurship program with Hall
of Fame to teach our young men and women the entire beverage
industry and offer another path to a real career versus life on the
streets."
The work with Plays and Grades will also allow Hall of Fame to
receive more grants and funding in order to build operations,
create an entrepreneurship program, and put employees to work.
Richards added, "We can provide the job pool and Hall of Fame can
create jobs while the city enjoys further community development, so
it's a win-win for everyone involved. This project will fill a huge
need in Pacoima, and the city is rolling out the red carpet to
bring Hall of Fame Beverages here."
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 Grand Ma Ma's Sweet Southern Tea and Atomic Dogg Super
Soda.
Contact: The Stock House Group Investment Relations Email: Email
Contact Phone: (646) 397-4020
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