$HVCW on alert! Announces a New Joint Venture Agre
Post# of 97986
Posted On: 04/13/2016 10:29:34 AM
$HVCW on alert! Announces a New Joint Venture Agreement to Build New World of Beer Locations in Dade and Broward Counties in Southeast Florida! Plus recently announced $3.4M in Revenues!
http://finance.yahoo.com/news/harrison-vicker...00012.html
NORTH PALM BEACH, FL--(Marketwired - Feb 17, 2016) - Harrison, Vickers and Waterman, Inc. (OTCBB: HVCW): Attitude Drinks Incorporated (OTC PINK: ATTD) announced today a new joint venture agreement with Southeast Florida Craft LLC, which is owned by the same partners that own New England WOB LLC, to build new World of Beer franchise locations in Dade and Broward counties in southeast Florida. We will own 60% of any developed taverns while the stores will be operated by Southeast Florida Craft LLC. Roy Warren, CEO of HVCW, commented, "This agreement furthers our commitment and reflects our confidence in the performance of this exciting new concept. We are located in Florida, and the opportunity to help develop this business in our home state is naturally rewarding".
HVCW also filed its quarterly Form 10-q report today indicating gross revenues of $1,632,244 and $793,561 for the six months and three months ending December 31, 2015, respectively. We recognized an operating profit from operations before depreciation and amortization for the six months ending December 31, 2015 of $19,708. The report reflected higher revenues than originally expected from our West Hartford World of Beer tavern.
About HVCW
Harrison, Vickers & Waterman, Inc. is the owner of Attitude Beer Holding Co. Attitude Beer has a joint venture with New England WOB, LLC. and now with Southeast Florida Craft LLC (same partners) to develop select World of Beer franchised locations in the state of Connecticut, greater Boston area and Dade and Broward counties in southeast Florida. Together we opened a 4,000 sq. foot WOB tavern in West Hartford, CT in January 2015 that sells a selection of over 500 craft and imported beers along with tavern food and other spirits and cocktails. New England WOB, LLC holds franchise rights for all of Connecticut and the greater Boston area. Southeast Florida Craft LLC will hold franchise rights for all new World of Beer development in Dade and Broward counties in Florida. Recently, Attitude Beer announced an agreement with New England WOB, LLC to develop new taverns in Milford, CT and Boston, MA which are expected to open in spring 2016. The Company is seeking additional opportunities in the craft beer industry. For additional World of Beer locations that are developed through the New England WOB, LLC joint venture, Attitude Beer Holding Co. will hold a 51% interest, and New England WOB, LLC will hold a 49% interest in the joint venture's new World of Beer locations. For southeast Florida, Attitude Beer Holding Co. will hold a 60% interest, and Southeast Florida Craft LLC will hold a 40% interest in the joint venture's new World of Beer locations.
For more about HVCW: visit: http://www.attitudebeer.com
Contact:
Roy Warren
CEO
Attitude Drinks, Inc.
561.227.2727
roy@attitudedrinks.com
http://www.attitudedrinks.com
http://finance.yahoo.com/news/harrison-vicker...00012.html
NORTH PALM BEACH, FL--(Marketwired - Feb 17, 2016) - Harrison, Vickers and Waterman, Inc. (OTCBB: HVCW): Attitude Drinks Incorporated (OTC PINK: ATTD) announced today a new joint venture agreement with Southeast Florida Craft LLC, which is owned by the same partners that own New England WOB LLC, to build new World of Beer franchise locations in Dade and Broward counties in southeast Florida. We will own 60% of any developed taverns while the stores will be operated by Southeast Florida Craft LLC. Roy Warren, CEO of HVCW, commented, "This agreement furthers our commitment and reflects our confidence in the performance of this exciting new concept. We are located in Florida, and the opportunity to help develop this business in our home state is naturally rewarding".
HVCW also filed its quarterly Form 10-q report today indicating gross revenues of $1,632,244 and $793,561 for the six months and three months ending December 31, 2015, respectively. We recognized an operating profit from operations before depreciation and amortization for the six months ending December 31, 2015 of $19,708. The report reflected higher revenues than originally expected from our West Hartford World of Beer tavern.
About HVCW
Harrison, Vickers & Waterman, Inc. is the owner of Attitude Beer Holding Co. Attitude Beer has a joint venture with New England WOB, LLC. and now with Southeast Florida Craft LLC (same partners) to develop select World of Beer franchised locations in the state of Connecticut, greater Boston area and Dade and Broward counties in southeast Florida. Together we opened a 4,000 sq. foot WOB tavern in West Hartford, CT in January 2015 that sells a selection of over 500 craft and imported beers along with tavern food and other spirits and cocktails. New England WOB, LLC holds franchise rights for all of Connecticut and the greater Boston area. Southeast Florida Craft LLC will hold franchise rights for all new World of Beer development in Dade and Broward counties in Florida. Recently, Attitude Beer announced an agreement with New England WOB, LLC to develop new taverns in Milford, CT and Boston, MA which are expected to open in spring 2016. The Company is seeking additional opportunities in the craft beer industry. For additional World of Beer locations that are developed through the New England WOB, LLC joint venture, Attitude Beer Holding Co. will hold a 51% interest, and New England WOB, LLC will hold a 49% interest in the joint venture's new World of Beer locations. For southeast Florida, Attitude Beer Holding Co. will hold a 60% interest, and Southeast Florida Craft LLC will hold a 40% interest in the joint venture's new World of Beer locations.
For more about HVCW: visit: http://www.attitudebeer.com
Contact:
Roy Warren
CEO
Attitude Drinks, Inc.
561.227.2727
roy@attitudedrinks.com
http://www.attitudedrinks.com
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