Hall Of Fame Beverages, Inc. (PN) (USOTC:HFBG)
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2 Years : From May 2011 to May 2013
Hall of Fame Beverages, Inc. (PINKSHEETS: HFBG) has added a new revenue-generating product to its line-up. The Company's CEO Greg Thrasher has chosen the already-packaged and ready-to-distribute "Top Dogg Male Enhancement" dietary supplement as a means to create revenue to help Hall of Fame continue to develop its Grand Ma Ma Brand. The product was presented to Hall of Fame ready to distribute and didn't cost the company any money.
Greg Thrasher says this product will allow Hall of Fame to depend less on shareholders. "Being the exclusive distributor of the Top Dogg product will provide Hall of Fame some diversity and generate an additional revenue stream that will allow the company to continue to grow and invest in our core Brand."
Because the Grand Ma Ma Brand is the core focus of Hall of Fame Beverages, the new product will have its own website and Facebook page where the enhancement will be marketed online. This herbal alternative to male enhancement is very popular and accepted worldwide. Top Dogg will join other supplements in this multi-billion dollar industry, and it can be purchased online, in C-stores, in Mom and Pops and through a broker network. Distribution for Top Dogg is already underway.
This new product and its distribution is part of the CEO's "100-day Plan." In addition to that plan, Thrasher calls for the expansion of the company's product line.
First, the company will be working to complete the development of Atomic Dogg Super Soda. Atomic Dogg will no longer be in the energy drink category; instead, it will be developed and marketed as a carbonated drink with a kick. Completion of the beverage is expected by the end of the summer.
Also, the company currently produces Grand Ma Ma's Sweet Southern Tea in 20-ounce bottles and in the Bag in a Box. The CEO says he will pursue adding the production of a 1-gallon sized jug of tea to the product line. This will give consumers another option when they purchase the company's product. The CEO says, "Our initial target customer for the gallon-sized jugs of tea will be the Mom and Pop stores, C-stores, and drug stores. Once we establish our presence in that arena, we will look to move into the larger store formats."
In addition, Hall of Fame will complete the development of the new packaging for Grand Ma Ma's Sweet Southern Tea. The tea will have a new label giving it a fresh new look that allows it to be more visible in what is a competitive market.
The CEO wants to focus the distribution and sales of Hall of Fame's products in New York and surrounding areas along the East Coast, Texas and Las Vegas.
"These are areas where Larry Johnson has had a significant presence and we want to maximize his popularity in these regions. As distribution and sales continue to grow, we will start expanding to other regions. While our goals are very aggressive, our management team is focused on putting the resources behind them to make that happen, and in the coming weeks, more placement news will be issued."
About Hall of Fame Beverages
Hall of Fame Beverages, Inc. is an innovative beverage company trying to grow its footprint in an industry rife with ordinary drinks. We are home to our signature brand Grand Ma Ma's Sweet Southern Tea. The tea is complemented nicely by our signature desserts, also branded under the Grand Ma Ma icon, Grand Ma Ma's Gourmet Southern Desserts. Hall of Fame Beverages is co-owned by former NBA star Larry Johnson who famously dressed up as his basketball-playing Grand Ma Ma in Converse shoe commercials in the 1990s.
SAFE HARBOR: Certain information included herein may contain statements that are forward looking. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results.
Hall of Fame Beverages, Inc.