Beverage Stock News Alert; DC Brands International (OTCQB:HRDN) Announces Funding Agreement
HRDN to immediately engage in production of its HARD Nutrition Functional Water Systems
Category: Investment, Food, Beverage
News about DC Brands International
DENVER - October 18, 2012 (Investorideas.com Newswire, www.beveragestsocks.com) DC Brands International, Inc., (OTCQB:HRDN) today announced that it has entered into an agreement with the financial partnership group of HARD Save LLC, the entity that controls a majority of the voting power of the Company's securities, to provide the Company with a funding package, giving the Company immediate access to working capital.
This working capital is expected to allow the Company to immediately engage in production of its HARD Nutrition Functional Water Systems and address the backlog of orders as well as provide inventory to fulfill the previously announced distribution contracts. The immediately available working capital should also benefit the Company by providing it with resources to enter into necessary agreements with service providers that will aid in the achievement of its goal to become a nationally distributed consumer product in the major national retail channels.
Stephen F. Horgan, CEO said, "I am excited to welcome the HARD Save group, and believe that its integration and participation into the business operations is an enabling partnership that should better position HARD Nutrition in achieving its short and longer term objectives."
The Company has filed a Current Report on Form 8-K in conjunction with this funding agreement at www.SEC.gov
About DC Brands International:
DC Brands International, Inc. is a publicly traded company under the ticker symbol (HRDN). DC Brands Int'l merged with, and acquired the assets of HARD Nutrition in 2007 and began its quest to produce a new line of health products which include functional beverages and dry supplements. DC Brands has recently announced the release of its new HARD Nutrition Functional Water Systems, which it expects will revolutionize the functional beverage category.
For more information on DC Brands International, Inc. and its HARD Nutrition Functional Water Systems, visit its website at www.hardnutrition.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections of management. The Company intends for these forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include, but are not limited to, statements regarding the Company's future in the industry, the impact of this financing and its ability to achieve its goals. All forward-looking statements in this press release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements whether as a result of new information, future events or otherwise, other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. These uncertainties include, but are not limited to, our ability to successfully utilize the working capital to generate sales of our HARD Nutrition Functional Water Systems, and achieve our goals, as well as other risks detailed in the Company's SEC reports, including the Company's Form 10-K and other filings. Copies of these filings are available at www.sec.gov.
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