Affinity Beverage subsidiary Village Tea Company to Accept Crytpocurrency; Prepares 2017 Annual Financial Report
February 27 2018 - 9:55AM
InvestorsHub NewsWire
Washington, DC -- February, 27, 2018 -- InvestorsHub NewsWire --
Affinity Beverage Group, Inc., (hereinafter "The Company") a
publicly traded company under the ticker symbol (OTC/Pink:
ABVG) announced today that one of the Company’s subsidiaries,
Village Tea Company Distribution, Inc is now able to accept the
Bitcoin Crytpocurrency through BitPay, a third-party company that
enables transactions between a buyer holding Bitcoin and a seller
who wants U.S. dollars, for a 1 percent fee paid by the
Company.
By utilizing the BitPay platform, the Company doesn’t need to
speculate on the exchange rate, it simply enables the owner of
Bitcoins to make a purchase by running the transaction through the
BitPay payment service, similar to an Apple Pay or PayPal
transaction or running foreign currency though a foreign exchange
financial institution in order to receive U.S. dollars for a
transaction. Affinity Beverage Group has indicated that this
is the first step in an overall cryptocurrency strategy that is
currently being explored by the Company. Since the company’s
brands, which include Village Tea Company, Undone Chocolate and
Jawea Frozen Desserts, primarily target millennial consumers, the
Company wants to be on the cutting edge of new technology that
appeals to its core customers and expects there will be more
bitcoin transactions across its brand portfolio in the near future.
“The ultimate goal is to enable a broader group of customers
to use multiple forms of currency, in this case cryptocurrency, to
purchase our products,” stated Company CEO, Janon
Costley.
Additionally, Affinity Beverage plans to release the 2017 Annual
Financial Report within the coming month. Please continue to
follow the Company for further updates regarding this announcement
and other developments.
About Village Tea: Village Tea Distribution Company,
Inc. (www.villageteaco.com) sources
high-quality, unique teas with distinct flavor combinations and
packages them under its Village Tea Company brand name in a variety
of creative and earth-friendly ways. The Village Tea Company
brand has been sold in many major retailers throughout North
America. The Company is no longer just about tea, as it is
also using its unique positioning in the marketplace to create a
distribution platform to introduce other complimentary health and
wellness lifestyle brands and products.
About Affinity Beverage: Affinity Beverage Group,
Inc (www.affinitybeverage.com)
(OTC:
Pink-ABVG) is a holding company that focuses on branded
consumer product acquisition opportunities in the $3.4 trillion
health and wellness sector. Affinity primarily targets
lifestyle brands, companies, and/or exclusive product distribution
rights focusing on traditional and non-traditional, healthy
beverage options. Affinity will also seek opportunities
involving uniquely positioned young brands specializing in all
natural/organic foods, bio-food, supplements and personal care
products for strategic partnerships, distribution agreements and
potential acquisition.
Forward-Looking Statements Certain statements in this news release
may contain forward-looking information within the meaning of Rule
175 under the Securities Act of 1933 and Rule 3b-6 under the
Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements
of fact, included in this release, including, without limitation,
statements regarding potential future plans and objectives of the
company, are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
Technical complications, which may arise, could prevent the
prompt implementation of any strategically significant plan(s)
outlined above.
Contact: P. 888.406.1138
Email: info@villageteaco.com
info@affinitybeverage.com
Twitter: @villageteaco
@affinitybev IG: @villageteaco
@affinitybeverage
FB: @affinitybeverage
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