Hat Trick Beverages (HKBV) To Be An Italian Manufacturer
01 Octubre 2008 - 5:06PM
PR Newswire (US)
TORONTO, Oct. 1 /PRNewswire-FirstCall/ --
http://www.hattrickdrinks.com/ (Pink Sheets: HKBV - News) The
company today after the market closed announced that it has reached
an agreement in principle with an Italian Coffee manufacturer to
begin offering white label coffee machines under the brand name
"Tango Industries". For those unfamiliar with the term "white
label"; simply put white label means (A Wikipedia snippet)
http://en.wikipedia.org/wiki/White_label_product "A white label
product or service is a product or service produced by one company
(the producer) that other companies (the marketers) rebrand to make
it appear as if they made it....& White label production is
often used for mass-produced generic electronics such as DVD
players and televisions. Some companies maintain a sub-brand for
their goods. Mr.Vaiser CEO of Hat Trick said, "Under the planned
agreement, Hat Trick will immediately step into an already
developed 16 year old infrastructure with its own chemists,
bottling and manufacturing capabilities, with more than $1.5
million Euro in development costs. Tango Industries will be able to
offer 100% of its business under its own direct control, and will
be able to decide prices, and strategy to market, instead of
relying on 3rd party suppliers as most others in our industry must.
Today we have a range of hot and cold dispensing and vending
equipment unique in the world. We have a wide range of 100% fruit
juices. Two years ago we started to develop all the formulation for
"100% sugar free" juices and drinks because I'm sure that this
should be the future of the beverage world. Now we are ready to
produce all of it. We will produce all of the hot products for
machines under our brand name Tango Industries. This will also
allow us to have the skills in place immediately to develop and
produce each type of dispensing equipment we will need, for any
future needs." Mr. Vaiser added "The best part of this deal is that
it is based on a "pay as you go" basis, with about $150,000.00 USD
(About 100,000.00 Euro) cash outlay for set up fees on our end. We
have the luxury to only use what we need. With the "traditional
merger" we would of have to pay maybe 5 or 6 times that much in
cash plus we would have had to issue several hundred million shares
to complete the merger transaction. This agreement will allow us to
grow at our own speed. "We expect to close the transaction in early
November 2008 and by first quarter of 2009 we would be ready for
full production. If and when the traditional merger should come
into play, the management intent is to pay this on an all cash
basis." Get the Facts Right. The issuer works hard to continue to
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Litigation Reform Act of 1995: Certain forward information
contained in this release contains forward-looking statements that
involve risk and uncertainties, including but not limited to, those
relating to development and expansion activities, domestic and
global conditions, and market competition. CONTACT: DATASOURCE: Hat
Trick Beverages, Inc. CONTACT:
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