Republic Of Texas Brands Incorporated (PC) (USOTC:RTXB)
Intraday Stock Chart
Today : Tuesday 27 November 2012
Jerry Grisaffi, Chief Executive Officer and Chairman of the Board of Republic of Texas Brands Incorporated (PINKSHEETS: RTXB), announced today that RTXB executed a co-packing agreement with Bergheim Texas BBQ ("Bergheim") to do the following:
1. Provide smoked meats for RTXB's 1824 Texas Best Barbecue Restaurants
2. Act as a fulfillment house for RTXB's website smoked meat sales
3. Fill any other sales orders generated directly or indirectly by RTXB or its subsidiaries
Under the agreement, Bergheim delivered to RTXB all recipes , processes and know-how to duplicate the award-winning smoked meat products that Bergheim currently produces. The co-packing agreement is for a term of 15 years.
In addition, Jesse Tindall has joined RTXB's Board of Directors.
"By executing a co-packing agreement with Bergheim, RTXB is positioned to open its first 1824 Texas Best Barbecue Restaurant and go live with its website," said Grisaffi. "We have safeguarded the future of RTXB and our 1824 Texas Best Barbecue Restaurants by securing Bergheim's trade secrets. Jesse's accumulated skills and experience, as well as his professional and personal connections, will be of immeasurable value to RTXB and our Board of Directors," continued Grisaffi.
"I am pleased and honored to be associated with RTXB and the team that Jerry Grisaffi has built over the past year and a half," said Jesse Tindall.
"I am passionate about our barbecue and smoked meats and am anxious to get them in the marketplace with the distribution channels that RTXB is putting in place. I want to build on the legacy passed down by my father," said Josh Tindall, Chief Executive Officer of Bergheim Texas BBQ.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," "intend," "believe," "plan," "estimate," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations.
CONTACT:
JERRY GRISAFFI
Email Contact
(214) 394-3865
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