$HVCW HUGE news! See news from Monday: Harrison, V
Post# of 8462
HVCW Plans Grand Opening for Its Milford Connecticut World of Beer Tavern
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http://finance.yahoo.com/news/harrison-vicker...00462.html
NORTH PALM BEACH, FL--(Marketwired - Apr 11, 2016) - Attitude Beer Holding Co., "The Company" (OTCBB: HVCW), temporarily referenced on the OTC Markets as Harrison, Vickers and Waterman Inc. since its merger with the public entity, announced the grand opening of a new World of Beer tavern in Milford, CT at the Westfield Connecticut Post Mall. The Milford location has been developed ahead of schedule and will open April 25th. This is our second World of Beer location in Connecticut.
"After the success we've had with our West Hartford location, the prospects for Milford are exciting," said Company CEO Roy Warren, "With a second Connecticut location we should be able to increase our margins on both locations. We have also appointed a regional manager and marketing director, consolidating our management among the locations which should increase our margins."
After its first fiscal year of operation the Company's West Hartford World of Beer location recorded higher revenues than originally expected. The location recorded $3.4 million dollars in revenues in its first fiscal year of operation since the 4,000 sq. foot tavern opened in January 2015.
The Milford location is well placed, right off of the heavily trafficked I-95, in a popular mall. Revenues and earnings are expected to match or exceed West Hartford location. Craft beer, which is World of Beer's main draw, is most popular amongst millennials (18-33) and gen-xers (34-50). Approximately 40% of Milford, Connecticut's population is in this age range, which is a large potential market for our new location.
CEO Roy Warren added, "After Milford, we are preparing to open our first World of Beer location in Boston. Our Cambridge location could surpass both of our Connecticut locations because it's in such a densely populated college town with a large population of craft beer enthusiasts."