[ACCESSWIRE]
EDMONDS, WA / ACCESSWIRE / April 6, 2015 / American Brewing Company, Inc.(R), (PINKSHEETS: ABRW) ("ABC"), an award-winning micro-brewing company based out of the Pacific Northwest, today announced that it has purchased the bùcha(TM) live Kombucha brand. As the wholesome beverage provider of bùcha(TM) live Kombucha, the new offering will make a healthy addition to the American Brewing Company's(R) growing beverage portfolio. See www.mybucha.com.
ABC will continue to deliver probiotic, non-GMO, gluten free, organic-certified, sparkling, bùcha(TM) live Kombucha tea products of unprecedented quality. "This proprietary method of making bùcha(TM) live Kombucha, designed by Technical Director Frank Commanday, is revolutionary. It allows us to create efficiencies and superior products in our family of Kombuchas," according to Chuck Santry (incoming COO). The rise of Kombucha (the style) and craft beer demand in recent years represents the growing taste for brewed beverages in America. bùcha(TM) live Kombucha and craft beer share a similar brewing process, and this new partnership represents a strong step in diversifying beverage offerings for ABC. "With this first step, we solidify our diversification into the full beverage industry," said Neil Fallon, CEO of American Brewing Company(R).
"Last year American Brewing Company(R) increased its brewing capacity six-fold, however with this acquisition we now have a contract with UNIX-packaging that has a 125,000 square foot state-of-the-art bottling facility. With the marriage of the two companies we increase our product offerings and reach."
The business was acquired for a combination of $260,000 cash, a $140,000 note payable and $500,000 in American Brewing Company(R) restricted stock.
The bùcha(TM) live Kombucha brand is distributed in major Health and Grocery chains throughout North America and is growing rapidly. Among these chains are Safeway, Kroger's, Whole Foods, Sprouts, PCC, etc. "The commercial Kombucha industry continues to expand quickly via double digit growth each year…" according to Hannah Crum, industry expert and head of the recently formed Kombucha Brewers International trade association.
Fallon went on to say, "This acquisition falls in line perfectly with our strategy of acquiring profitable, existing assets and revenue streams with large footprints and merging them into the American Brewing Company(R) family of beers and beverages. Consumers are trending toward beverages, with fresh, non-sugary (notably soft drinks) and organic ingredients. We are very excited to be able to offer them two drink categories: Craft Beer and Kombucha Tea!"
ABC is also happy to gain some valuable experience in personnel as well. Frank Commanday (bùcha(TM) live Kombucha brewer and designer) will join the company. Frank pioneered a proprietary method to flavor the different labels produced under the bùcha(TM) live Kombucha brand and effectively created a taste that we feel is completely unique to the industry.
Says in coming COO, Chuck Santry (another valued addition to the ABC team), "Frank made this taste really good!"
About American Brewing Company(R):
Founded in 2010, American Brewing Company, Inc.(R), is an award-winning micro-brewing company based out of Edmonds, Washington. American Brewing Company's(R) current offerings include Breakaway IPA (named 'Best in the West' by Beer West Magazine), American Blonde (featured in GQ Magazine), Flying Monkey Dogfight Pale Ale, and Caboose Oatmeal Stout. American Brewing Company(R) also produces seasonal brew batches, two of which-The Brave American and Polska Porter-won Bronze Medals at the Great American Beer Festival in 2011 and 2012, respectively. American Brewing Company's(R) currently sells in Washington State. American Brewing Company(R) also has international sales in Canada and Japan.
For more information, please visit: http://www.americanbrewing.com/.
Safe Harbor Statement:
This press release contains "forward-looking statements" within the meaning of Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. These statements include, without limitation, predictions and guidance relating to the company's future financial performance and the research, development and commercialization of its technologies. In some cases, you can identify forward-looking statements by terminology such as, "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations, but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements, as the result of such factors, risks and uncertainties as (1) competition in the markets for the products and services sold by the company, (2) the ability of the company to execute its plans, (3) other factors detailed in the company's public filings with the SEC, which are available at http://www.sec.gov/. You are urged to consider these factors carefully in evaluating the forward-looking statements.
Contact:
Neil Fallon, CEO
American Brewing Company(R)
[email protected]
SOURCE: American Brewing Company
