CAVE CREEK, AZ--(NewMediaWire - Dec 21, 2015) - High
Performance Beverage Co. (OTC
PINK: TBEV) (the "Company") is pleased to announce they
have met all necessary provisions for its $5 million dollar funding
commitment.
As previously announced, the $5 million dollar funding
commitment is being made available through an equity line provided
by California based, Private Equity Group, GHS Investments LLC. The
Company is now in the process of filing a registration statement
with the U.S. Securities & Exchange Commission ("SEC") in order
to register shares for the aforementioned investment.
Additionally, in an 8K filed on September 23, 2015, the Company
entered into a Settlement Agreement with a Hedge Fund on September
17, 2015. The Settlement Agreement allowed for three separate
convertible notes to be consolidated into one $240,500 convertible
note. The Company has paid this note in full and it is now
retired.
High Performance Beverage will be working on completing its
consolidation phase of their remaining debt. The Company expects
the consolidation of debt to help create a better market
environment as they begin to implement a strategic marketing
campaign for their High Performance Sports Drink going into
2016.
Michael Holley, High Performance Beverage President, stated, "We
are very pleased to announce that we have met all the provisions
necessary for us to move forward with our $5 million funding
commitment. This equity line will now afford us the ability to
control our destiny by raising capital at our discretion without
taking on additional debt once our registration statement goes
effective. Additionally, the way this credit line is structured,
the Funder will receive shares after our request for funds, giving
them a fixed cost basis. This fixed cost basis essentially acts as
a floor since the Funder can only make a profit by selling above
his cost basis. This is a stark contrast to taking on debt with
convertible note holders who make money by beating down the price
of a stock in order to get more shares on conversions they control.
We plan on using a portion of this equity line to eventually
eliminate all of our convertible debt in order to create greater
shareholder value." He also stated, "We are equally pleased to
announce the retirement of a $240,500 convertible note which would
have been highly toxic to the Company. We will now be focusing our
efforts with strategic marketing in order to build brand awareness
of our sports drink in order to initiate the expansion of our
product on to retail shelves in 2016."
For more information go to:
High Performance Beverage's corporate website
www.bev.highperformancebeverage.com
www.hpbev.net
About High Performance Beverage Company
High Performance Beverage Company has created a new beverage
segment under the trade name High Performance Beverages which
manufactures and distributes a line of sport performance drinks.
High Performance Beverage Company's sport performance drinks are
carefully formulated to support mental focus and help increase
blood flow, thereby giving the body the necessary fuel to power
through a specific event or throughout the day. Our unique blends
are designed to bridge the gap between supplements, energy and
hydration drinks, ultimately broadening our appeal and providing
access to an expanding target market. High Performance beverages
are sugar free and extremely low in calories and caffeine. This
positioning makes High Performance Beverage Co. sport drinks first
to market with a sustainable competitive advantage.
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of High Performance Beverage Company, its directors or
its officers with respect to, among other things: (i) financing
plans; (ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond High Performance Beverage
Company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors. More information about the
potential factors that could affect the business and financial
results is and will be included in High Performance Beverage
Company's filings with the Securities and Exchange Commission.