Hall of Fame Beverages, Inc. Corporate Update: Current Share Structure and Short Position Data
March 24 2010 - 7:45AM
Marketwired
Hall of Fame Beverages, Inc. (PINKSHEETS:
HFBG) is pleased to update its shareholders on the Company's
current share structure and to detail significant data relative to
the recent trading patterns of its security.
As stated in the Shareholder Call on March 18, 2010, management
confirmed the Company has currently no plans to initiate a reverse
split. The company is committed to building shareholder value by
creating and distributing a highly saleable, leading edge and
profitable beverage product line. Management is pleased with
progress to date and anticipates exponential growth as the new
products are launched inside of 60 days starting in the N.E. U.S.
region.
New Development: Within the last week,
several investors approached the Company offering additional
funding to expand the initial launch volume, which could accelerate
growth well beyond current projections:
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Mos. 1-3 Mos. 4-12 Gross Rev for 12 Mos.
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Current Projections 5k cases/ mo. 25k cases/mo $5.2 m
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With Added Funding 20k cases/ mo. 70k cases/mo $12.7 m
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Once solidified, shareholders will be updated via press release
in coming weeks.
HFBG's CURRENT SHARE STRUCTURE:
Current Authorized Shares = 1.5 B ***
Preferred Shares (unregistered) = 30 m Shares not allocated to
the O/S = 67.5 m
Current Outstanding Shares = 1,079,500,000 (Note: actual count is lower than
reported on pinksheets.com.)
TRADING DATA FOR CURRENT SHORT POSITIONS IN
HFBG:
------------------------------------------------------------
2009 2010
------------------------------------------------------------
Aug - Dec Jan - Mar 22
------------------------------------------------------------
Shares Traded 2,651,429,782**
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Short Trades 1,134,877,293 *
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% Short to Total Trading 42.8% avg
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The total number of HFBG shares traded March 1-22, 2010 (12
trading days) alone approaches the total number of shares traded
for the entire year of 2009 (1,815,581,346 *,
**), with a 42.8% avg. of Jan-Mar trades being shorts.
* reported by FINRA.ORG http://regsho.finra.org/regsho-January.html http://regsho.finra.org/regsho-February.html
http://regsho.finra.org/regsho-March.html
** reported by NASDAQ Market Data http://www.google.com/finance/historical?q=PINK:HFBG
*** reported by pinksheets http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=hfbg#getCompanyInfo
In conclusion, the Company wishes to thank its long shareholders
for their continued support as our young company moves beyond the
development phase and embarks on the exciting and much anticipated
implementation phase of its business - the sale and distribution of
its innovative beverage products. We wholeheartedly believe the
Company's sales results will bring about significant shareholder
value. The Company conservatively estimates exceeding $5 M in sales within a year, and with added funding,
exceeding $12.7 M in sales within a year.
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 along with its strategic V-Group partners 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 brand product line called
A.N.D. (Antioxidant Nutritional Drinks) as
well as through multiple innovations just on the horizon.
"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.
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CONTACT Hall of Fame Beverages Inc.
http://www.halloffamebeverages.com/ Investor Relations Email
Contact
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