Hat Trick Beverages (HKBV) to Reduce Outstanding Shares by 500 million
02 Octubre 2008 - 4:39PM
PR Newswire (US)
TORONTO, Oct. 2 /PRNewswire-FirstCall/ --
http://www.hattrickdrinks.com/ (Pink Sheets: HKBV - News) Hat Trick
Beverages is pleased to announce that it is returning
500 million shares to Treasury. This represents a reduction of
over 25% of the outstanding shares. These shares were originally
issued allocated towards the acquisition of distribution rights for
Lamborghini Beverages for North America and Palm Beach Specialty
Coffee. We have also put acquisition plans for Palm Beach Specialty
Coffee on the shelf indefinitely, and terminated the Lamborghini
Master Licensing accord. Hat Trick Beverage CEO, Sender Vaiser
explains; "The Lamborghini Beverages were targeted specifically to
the European Market. Unfortunately, we could not come to terms on
packaging and exclusive distribution rights for the North American
market. With the planned acquisition of the Italian beverage
factory announced yesterday, we will have in-house capabilities to
develop our own line of high energy drinks, as the Italian factory
has extensive facilities to develop new products and packaging to
our exact specifications based on market demand. While we maintain
our belief that Palm Beach is a good fit, it is simply not the
right timing as the same can be achieved with our white label brand
for a fraction of the price." Get the Facts Right. The issuer works
hard to continue to keep our shareholders informed, and news is
updated frequently via Press Releases, Pink Sheet filings
(http://www.pinksheets.com/) and updates to our websites. Other
websites not sponsored or recognized by the Company may provide
misleading or disinformation to investors in order to manipulate
trading patterns for a given stock. Always look for original
content from trusted sources, rather than relying on 'excerpts' or
discussion boards that may not give you the whole story. The
Securities and Exchange Commission requires financial institutions
or brokerage firms to provide their clients with documentation
describing the risks of investing in penny stocks." Safe Harbor
statement under the Private Securities 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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