Loud Beverage
Group, Inc. Acquires Surge Distribution LLC, A Rising Star in the
Distribution Sector
Corporate
Leadership Transition Brings Strong Revenue Forecast for
2024
Greer, SC --
January 16, 2024 -- InvestorsHub NewsWire
-- Loud Beverage Group, Inc. (OTCPK:
LBEV), a holding company specializing in the distribution of a
diverse range of high quality, innovative, and in-demand products,
is pleased to announce its successful acquisition of Surge
Distribution Company, LLC, a South Carolina based
company.
Surge Distribution is poised to
attain a remarkable $5 million in revenue for 2024, with an
ambitious projection to double this figure by 2025. Operating from
a 30,000 square foot facility in Greer, SC, the company is
strategically venturing into high-potential markets including
Charlotte, North Carolina, Central Florida, Tampa, FL, and
Jacksonville, Florida, in 2024 and 2025. According to recent
industry reports, these areas represent thriving markets with
significant growth potential in the distribution sector.
Surge Distribution Company, takes
great pride in being the preferred supplier for a diverse array of
high quality, innovative, and in-demand products. Their commitment
extends beyond the mere delivery of goods; they aspire to establish
long-lasting partnerships grounded in trust, reliability, and
mutual success. Their expansive product range caters to the
ever-evolving demands of the market, ensuring their retail partners
receive not only quality but also superior customer service to
maintain a competitive edge.
Central to Surge Distribution
Company's mission is the cultivation of a knowledgeable, motivated,
and professional team. They ardently believe that a dedicated team
constitutes the backbone of any successful venture. Through
fostering a culture of continuous learning, empowerment, and
accountability, they ensure that their team is adept in providing
unparalleled service to its valued clients.
They prioritize sustained growth for
their clients, viewing their success as intrinsic to its own.
Through strategic partnerships and an unyielding commitment to a
customer-centric approach, they aim to contribute substantively to
the prosperity of the businesses they serve. Their commitment to
excellence transcends the mere distribution of products; it is
ingrained in every facet of their operational endeavors.
"At Loud Beverage Group, we are
thrilled about the acquisition of Surge Distribution Company. This
strategic move aligns seamlessly with our commitment to
transformative growth and unparalleled service in the dynamic
distribution landscape," states Brandon Spikes, the newly appointed
Chief Executive Officer and Chairman of the Company.
Chris Selinger, the newly appointed
Vice President of Operations, adds, "The pace at which Surge
Distribution is expanding is truly remarkable. We are excited about
the immense opportunities this acquisition brings and are poised to
deliver numerous exciting updates to our shareholders this quarter,
as we anticipate rapid and substantial growth."
This marks a historic juncture for
Loud Beverage Group, signifying a new chapter in corporate
leadership and strategic vision. Effective October 26, 2023, the
approval of a change of control provides a comprehensive span of
voting control across the executive team. As of this pivotal date,
Brandon Spikes assumed the roles of Chief Executive Officer and
Chairman of the Company, bringing his transformative vision to
guide the company's trajectory. Simultaneously, Chris Sellinger
took on the role of Vice President of Operations, steering the
operational facets of the organization towards unprecedented
success. The aforementioned leadership transition underscores a
fresh perspective and a dynamic approach to steering the company
towards unprecedented success. Additionally, as of October 26,
2023, the entire previous management of Loud Beverage Group, Inc.
has voluntarily resigned from all positions with the
Company.
The new management is actively
working towards restoring the company's Current Information status
with the OTC Markets Group. As of December 31, 2023, all necessary
disclosures have been completed. The final step in achieving
Current Information status involves obtaining an attorney opinion
letter, which is currently pending.
The company remains committed to
adhering to all OTC Markets reporting standards to ensure full
compliance. This commitment aims to instill confidence among the
public stakeholders and demonstrates the company's dedication to
transparency and regulatory compliance.
Loud Beverage Group anticipates
initiating the uplisting process to the OTCQB tier in the third
quarter of 2024. The management team will work closely with
regulatory authorities and adhere to the necessary compliance
requirements throughout the application process. Pending regulatory
approvals, the company aims to complete the uplisting by 2025. Loud
Beverage group will keep shareholders and stakeholders informed of
any developments and milestones achieved during this transformative
journey.
Brandon Spikes, CEO of Loud Beverage
Group, Inc., expressed enthusiasm about the decision, stating,
"This move is a pivotal step forward for Loud Beverage. Uplisting
to the OTCQB tier aligns with our commitment to corporate
governance and transparency. We believe that this strategic
decision will not only benefit our existing shareholders but also
attract new investors who recognize the potential and value of Loud
Beverage Group's vision and growth trajectory."
Loud Beverage Group recently launched
its shareholder focused corporate facing
website. The Company will continue to add
functionality and updates to its new website in its efforts to
provide current and future shareholders the tools and information
they need. The website covers all corporate
facets such as company's mission, team highlights, latest news and
press releases, along with pertinent information for current and
future shareholders and investors.
For further information, please
contact:
Investors Relations
ir@loudbeveragegroup.com
877-814-4188
About Loud Beverage Group,
Inc.
Loud Beverage Group, Inc., a Delaware
corporation, wholly owns subsidiary, Surge Distribution Company,
LLC.
Surge Distribution Company, LLC,
takes pride in being the preferred supplier for a diverse array of
appealing, innovative, and cost-effective products, dedicated to
meeting the unique needs of its retail partners. Their commitment
goes beyond providing goods; they strive to establish lasting
partnerships built on trust, reliability, and shared
success.
Please visit:
https://loudbeveragegroup.com
Please visit:
https://surgedist.com
Forward-Looking
Statement:
This press
release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. You can
identify these statements by use of the words "may," "will,"
"should," "plans," "expects," "anticipates," "continue,"
"estimate," "project," "intend," and similar expressions.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
projected or anticipated. These risks and uncertainties include,
but are not limited to, general economic and business conditions,
effects of continued geopolitical unrest and regional conflicts,
competition, changes in technology and methods of marketing, delays
in completing various engineering and manufacturing programs,
changes in customer order patterns, changes in product mix,
continued success in technological advances and delivering
technological innovations, shortages in components, production
delays due to performance quality issues with outsourced
components, and various other factors beyond the Company's
control.
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