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Agree. Just a few hours today til noon and the markets close and there aren't many people around today trading being Christmas Eve.
CBEV L 2 very thin,1.00,120,1.30,2.10,10.00 dollars
people don't sell at the bid,let it run,is a big go with volume
Same! Be safe everyone!
Thinking it will be very light. I am watching periodically but too much other stuff to do today. Merry Christmas to all!
absolutely 'LowFloatLopes,something great coming
We should be getting news of which ever company is merging into this stellar shell very soon! Everything has come together very quickly here!
CBEV,former NASDAQ looking very good to go,news updates anytime
CBEV~~good morning ,thank you and to all the sage,MERRY CHRISTMAS
Good morning, merry Xmas & happy holidays to all :)
I wonder what tomorrow will look like? Might be a quiet day, but you never know what Christmas Eve might have in store...
Attorney letter was put out with our fillings in order to regain current status, but ur right something big brewing here
Stocks reminds me of MJH* ran too $18.. with the updates and attorney letter something is brewing here..
Right! All I know there is a brood and we are killing it in the best way. And we all understand what is potentially coming.
CBEV 500K FLOT ,WAKE UP and GET IN QUICKLY.here are the money
CBEV when the stock moves up,NEWS will follow ,load up people
'Garyst' great week ahead,nice NEW YEAR coming
was 12 when get my shares
CBEV coming in business from FORMER NASDAQ, not a SCAM STOCK,WEEEEEEEEEEEE
Garyst'
Followers grew to 20 now from 14 yesterday at the close.
#2 on the Breakout Boards.
CBEV WOW,former NASDAQ shell now,WOWZA here CAPITAL BEVERAGE CORP (CBEV) IPO
Overview News Headlines Financials & Filings Experts
Key Data Use of Proceeds Competitors
Company Overview
The IPO profiles may contain historical records.
Please visit the latest IPOs for the most recent information.
Company Name CAPITAL BEVERAGE CORP
Company Address 1111 EAST TREMONT AVENUE
BRONX, NY 10460
Company Phone 7184092337
Company Website --
CEO Carmine N. Stella
Employees (as of 4/15/1997) 20
State of Inc DE
Fiscal Year End 12/31
Status Priced (7/17/1997)
Proposed Symbol CBEV
Exchange NASDAQ
Share Price $6.25
Shares Offered 800,000
Offer Amount $5,000,000.00
Total Expenses $345,000.00
Shares Over Alloted 0
Shareholder Shares Offered --
Shares Outstanding 2,040,909
Lockup Period (days) 180
Lockup Expiration 1/13/1998
Quiet Period Expiration 8/11/1997
CIK 0001020186
Company Description
Capital Beverage Corporation was incorporated under the laws of the State
of Delaware on December 5, 1995. In January 1996, the Company acquired from
Consolidated Beverage Corporation, the right to become the exclusive distributor
("Pabst Distribution Rights") for certain beer and malt liquor
products ("Pabst
Products") manufactured by Pabst Brewing Company ("Pabst"). The consideration
paid by the Company for the Pabst Distribution Rights was One Million Six
Hundred Thousand Dollars ($1,600,000), payable Eight Hundred Thousand Dollars
($800,000) in cash at or prior to closing, and the balance by delivery of a
series of 120 promissory notes, each in the amount of Ten Thousand Dollars
($10,000) (collectively, the "Pabst Notes"). The Pabst Notes bear interest at 9%
per annum, which interest is included in the monthly $10,000 payments. If the
Company defaults in payment of any of the Pabst Notes, such default may result
in a re-conveyance of the Pabst Distribution Rights to Consolidated Beverage
Corporation. Any such loss of the Pabst Distribution Rights may have a
materially adverse effect on the Company's financial condition and results of
operations.
Subject to the conditions set forth in the agreement pursuant to which the
Company acquired the Pabst Distribution Rights, the Company became the exclusive
distributor of the following Pabst Products in the following areas
(collectively, the "Territory"):
Borough of Manhattan: Pabst Blue Ribbon Beer, Pabst Extra Light Beer,
Pabst Light Beer, Pabst Genuine Draft Beer, Pabst 10E Draft Beer, Pabst Non
Ala Beer, Andeker Beer, Hamm's Beer, Hamm's Special Light Beer, Hamm's
Genuine Draft Beer, Big Bear Malt Liquor, Olde English "800" Malt Liquor,
Olde English "800" Genuine Draft Malt Liquor, "800" Ice Malt Liquor and Old
Tankard Ale.
Borough of the Bronx: Hamm's Beer, Hamm's Special Light Beer, Hamm's
Genuine Draft Beer, Olde English "800" Malt Liquor, Olde English "800"
Genuine Draft Malt Liquor and "800" Ice Malt Liquor.
Borough of Queens: In that portion of Queens County situated west and
north of the following described boundary lines: starting at a point in
Flushing Bay at the boat basin; thence southerly along Grand Central
Parkway to the intersection of Union Turnpike and Interboro Parkway to the
western boundary of Queens County, thence northerly along the western
boundary of Queens County to the East River, being the terminal of Queens
County: Olde English "800" Malt Liquor, Olde English "800" Genuine Draft
Malt Liquor and "800" Ice Malt Liquor.
Borough of Staten Island: Pabst Blue Ribbon Beer, Pabst Extra Light
Beer, Pabst Light Beer, Pabst Genuine Draft Beer, Pabst 10E Draft Beer,
Pabst Non Ala Beer, Andeker Beer, Hamm's Beer, Hamm's Special Light Beer,
Hamm's Genuine Draft Beer, Big Bear Malt Liquor, Olde English "800" Malt
Liquor, Olde English "800" Genuine Draft Malt Liquor, "800" Ice Malt Liquor
and Old Tankard Ale. Westchester County: In that portion of Westchester
County situated south of Interstate Highway No. 287, but not including the
Towns of Ardsley and Dobbs Ferry: Hamm's Beer, Hamm's Special Light Beer
and Hamm's Genuine Draft Beer.
State of New York: Old Tankard Ale.
DISTRIBUTORSHIP AGREEMENT WITH PABST
Duties and Responsibilities: At the time the Company acquired the Pabst
Distribution Rights, it simultaneously entered into an agreement with Pabst (the
"Distributorship Agreement") to become the exclusive distributor for Pabst
Products within the Territory. Pursuant to the Distributorship Agreement, the
Company is required to solicit and seek to service every retail account within
the Territory and to use its best efforts to market, promote and sell the Pabst
Products within such Territory. The Company is prohibited under the
Distributorship Agreement from selling or supplying Pabst Products to customers
located outside the Territory.
The responsibilities of the Company under the Distributorship Agreement
include, but are not limited to: (i) establishment and maintenance of a planned
overall sales and contact program on a continuing basis; (ii) establishment and
maintenance of a place of business within the Territory, including distribution
and warehouse facilities; (iii) establishment and maintenance of stock rotation
procedures for the Pabst Products
in the warehouse, on trucks and in retail accounts to the extent permitted by
law and adherence to all stated policies of Pabst in regard to overage Pabst
Products (with the cost of replacing overage products to be absorbed by the
Company); (iv) establishment and maintenance of a fleet of trucks; (v)
cooperation with Pabst in the distribution of point-of-sale materials necessary
to support Pabst Products; (vi) personal involvement of management of the
Company in maintaining satisfactory contact with all accounts; (vii) maintenance
of adequate capital and cash flow to insure competitive strength in facilities,
inventory, equipment, personnel, advertising and promotions; (viii) maintenance
of a continuous in-house training program where practicable and attendance at
sales meetings and training schools scheduled by Pabst; and (ix) maintenance of
sufficient inventories and mix of package types as reasonably requested by Pabst
and justified by market conditions existing in the Territory.
Terms of Sale. Any orders for the Pabst Products placed by the Company
will be subject to the written approval of Pabst, and Pabst shall not be
obligated to fill such order. Sales made by Pabst to the Company shall be upon
such terms and prices as are approved by the Pabst Credit and Pricing
Departments from time to time in their discretion. The Company is required under
the Distributorship Agreement to grant to Pabst a security interest in the Pabst
Products to secure the performance of all obligations owed by it to Pabst.
Termination. Pabst may terminate the Distributorship Agreement immediately
upon the occurrence of any of the following events: (i) assignment or attempted
assignment for the benefit of creditors by the Company or insolvency of the
Company; (ii) institution of voluntary or involuntary bankruptcy proceedings or
for receivership or dissolution; (iii) non-payment by the Company of sums past
due and owing to Pabst, which sums continue to remain owing upon the expiration
of twenty (20) days after written notice of non-payment to the Company by Pabst;
(iv) fraudulent conduct of the Company; (v) loss by the Company of any federal,
state or local license required by law or necessary in order to carry out the
Company's duties as a distributor of Pabst Products; (vi) attempted assignment
of the Distributorship Agreement by the Company or change in control of the
Company's business without the prior written consent of Pabst; (vii) violation
by the Company of its obligations to sell and distribute the Pabst's Products
only within the Territory and/or its obligation to solicit every retail account
within the Territory and to use its best efforts to market and promote Pabst
Products and protect their quality.
Deficiency Termination. Pabst may also terminate the Distributorship
Agreement if any of the following occurs: (i) the Company fails to perform its
duties and responsibilities in the reasonable judgment of Pabst; or (ii) other
breaches by the Company of its obligations contained in the Distributorship
Agreement (a "deficiency termination"). In the case of any such default, Pabst
has agreed to provide the Company with notice of the manner in which such
default has occurred and to allow the Company not less than ninety (90) days to
cure such default. Moreover, in the event of any such deficiency termination,
Pabst will pay the Company an amount equal to twice the Company's pre-tax net
earnings arising from the sale and distribution of the Pabst Products during the
immediate preceding annual accounting period of the Company. In addition, Pabst
will purchase from the Company its entire inventory of saleable Pabst Products
at an amount equal to the cost of such inventory plus a handling charge of $.10
per case, $.50 per half-barrel and $5.25 per quarter-barrel. Upon request by the
Company, Pabst will purchase from the Company, at the then fair market value,
those local delivery vehicles regularly used by the Company in the sale and
distribution of Pabst Products.
Uniform Termination. Pabst also has the right to terminate the
Distributorship Agreement if Pabst simultaneously terminates all other
agreements that are substantially similar to the Distributorship Agreement
between the Company and Pabst.
Partial Termination. Pabst has the right to assign any individual brand of
beer listed as a Pabst Product to another distributor if, in the reasonable
judgment of Pabst, the Company cannot or does not adequately promote and/or
market such brand of beer. Pabst also has the right to effect a termination of
the part of the Company's Territory if, in its reasonable judgment, the Company
does not adequately promote and market Pabst Products in that part of the
Territory.
Change of Control Termination. Pabst also has the right to terminate the
Distributorship Agreement if there is a change in ownership or control in the
Company's business which occurs without the prior written consent of Pabst
(which consent may not be unreasonably withheld). For purposes of the
Distributorship Agreement, the term "control" means record or beneficial
ownership of (i) thirty-three percent (33%) or
more of the Company's voting stock; (ii) thirty-three percent (33%) or more of
its business; or (iii) thirty-three percent (33%) or more interest in an entity
which owns fifty-one percent (51%) or more of the Company's voting stock.
https://www.nasdaq.com/markets/ipos/company/capital-beverage-corp-229-8215
Gotcha. Can't be but 2000 shares to $10 now!
CBEV former NASDAQ,going MJ will be crazy huge run here,NASDAQ not pinkie
https://www.nasdaq.com/markets/ipos/company/capital-beverage-corp-229-8215
I didn't get in quite that low though.
Agree. That is a huge bid!
CBEV~WOW FORMER NASDAQ SHELL,WEEEEEEEEEEEEEEEEEEEEE,$20.00+++++++++++++++++ very SOONNNNNNNNNNNNNN
CBEV N1 on BOB,keep posting fellas,more attention will come from investors
CBEV FORMER NASDAQ COMPANY,IT'S HUGE!!!CAPITAL BEVERAGE CORP (CBEV) IPO
Company Description
Capital Beverage Corporation was incorporated under the laws of the State
of Delaware on December 5, 1995. In January 1996, the Company acquired from
Consolidated Beverage Corporation, the right to become the exclusive distributor
("Pabst Distribution Rights") for certain beer and malt liquor
products ("Pabst
Products") manufactured by Pabst Brewing Company ("Pabst"). The consideration
paid by the Company for the Pabst Distribution Rights was One Million Six
Hundred Thousand Dollars ($1,600,000), payable Eight Hundred Thousand Dollars
($800,000) in cash at or prior to closing, and the balance by delivery of a
series of 120 promissory notes, each in the amount of Ten Thousand Dollars
($10,000) (collectively, the "Pabst Notes"). The Pabst Notes bear interest at 9%
per annum, which interest is included in the monthly $10,000 payments. If the
Company defaults in payment of any of the Pabst Notes, such default may result
in a re-conveyance of the Pabst Distribution Rights to Consolidated Beverage
Corporation. Any such loss of the Pabst Distribution Rights may have a
materially adverse effect on the Company's financial condition and results of
operations.
Subject to the conditions set forth in the agreement pursuant to which the
Company acquired the Pabst Distribution Rights, the Company became the exclusive
distributor of the following Pabst Products in the following areas
(collectively, the "Territory"):
Borough of Manhattan: Pabst Blue Ribbon Beer, Pabst Extra Light Beer,
Pabst Light Beer, Pabst Genuine Draft Beer, Pabst 10E Draft Beer, Pabst Non
Ala Beer, Andeker Beer, Hamm's Beer, Hamm's Special Light Beer, Hamm's
Genuine Draft Beer, Big Bear Malt Liquor, Olde English "800" Malt Liquor,
Olde English "800" Genuine Draft Malt Liquor, "800" Ice Malt Liquor and Old
Tankard Ale.
Borough of the Bronx: Hamm's Beer, Hamm's Special Light Beer, Hamm's
Genuine Draft Beer, Olde English "800" Malt Liquor, Olde English "800"
Genuine Draft Malt Liquor and "800" Ice Malt Liquor.
Borough of Queens: In that portion of Queens County situated west and
north of the following described boundary lines: starting at a point in
Flushing Bay at the boat basin; thence southerly along Grand Central
Parkway to the intersection of Union Turnpike and Interboro Parkway to the
western boundary of Queens County, thence northerly along the western
boundary of Queens County to the East River, being the terminal of Queens
County: Olde English "800" Malt Liquor, Olde English "800" Genuine Draft
Malt Liquor and "800" Ice Malt Liquor.
Borough of Staten Island: Pabst Blue Ribbon Beer, Pabst Extra Light
Beer, Pabst Light Beer, Pabst Genuine Draft Beer, Pabst 10E Draft Beer,
Pabst Non Ala Beer, Andeker Beer, Hamm's Beer, Hamm's Special Light Beer,
Hamm's Genuine Draft Beer, Big Bear Malt Liquor, Olde English "800" Malt
Liquor, Olde English "800" Genuine Draft Malt Liquor, "800" Ice Malt Liquor
and Old Tankard Ale. Westchester County: In that portion of Westchester
County situated south of Interstate Highway No. 287, but not including the
Towns of Ardsley and Dobbs Ferry: Hamm's Beer, Hamm's Special Light Beer
and Hamm's Genuine Draft Beer.
State of New York: Old Tankard Ale.
DISTRIBUTORSHIP AGREEMENT WITH PABST
Duties and Responsibilities: At the time the Company acquired the Pabst
Distribution Rights, it simultaneously entered into an agreement with Pabst (the
"Distributorship Agreement") to become the exclusive distributor for Pabst
Products within the Territory. Pursuant to the Distributorship Agreement, the
Company is required to solicit and seek to service every retail account within
the Territory and to use its best efforts to market, promote and sell the Pabst
Products within such Territory. The Company is prohibited under the
Distributorship Agreement from selling or supplying Pabst Products to customers
located outside the Territory.
The responsibilities of the Company under the Distributorship Agreement
include, but are not limited to: (i) establishment and maintenance of a planned
overall sales and contact program on a continuing basis; (ii) establishment and
maintenance of a place of business within the Territory, including distribution
and warehouse facilities; (iii) establishment and maintenance of stock rotation
procedures for the Pabst Products
in the warehouse, on trucks and in retail accounts to the extent permitted by
law and adherence to all stated policies of Pabst in regard to overage Pabst
Products (with the cost of replacing overage products to be absorbed by the
Company); (iv) establishment and maintenance of a fleet of trucks; (v)
cooperation with Pabst in the distribution of point-of-sale materials necessary
to support Pabst Products; (vi) personal involvement of management of the
Company in maintaining satisfactory contact with all accounts; (vii) maintenance
of adequate capital and cash flow to insure competitive strength in facilities,
inventory, equipment, personnel, advertising and promotions; (viii) maintenance
of a continuous in-house training program where practicable and attendance at
sales meetings and training schools scheduled by Pabst; and (ix) maintenance of
sufficient inventories and mix of package types as reasonably requested by Pabst
and justified by market conditions existing in the Territory.
Terms of Sale. Any orders for the Pabst Products placed by the Company
will be subject to the written approval of Pabst, and Pabst shall not be
obligated to fill such order. Sales made by Pabst to the Company shall be upon
such terms and prices as are approved by the Pabst Credit and Pricing
Departments from time to time in their discretion. The Company is required under
the Distributorship Agreement to grant to Pabst a security interest in the Pabst
Products to secure the performance of all obligations owed by it to Pabst.
Termination. Pabst may terminate the Distributorship Agreement immediately
upon the occurrence of any of the following events: (i) assignment or attempted
assignment for the benefit of creditors by the Company or insolvency of the
Company; (ii) institution of voluntary or involuntary bankruptcy proceedings or
for receivership or dissolution; (iii) non-payment by the Company of sums past
due and owing to Pabst, which sums continue to remain owing upon the expiration
of twenty (20) days after written notice of non-payment to the Company by Pabst;
(iv) fraudulent conduct of the Company; (v) loss by the Company of any federal,
state or local license required by law or necessary in order to carry out the
Company's duties as a distributor of Pabst Products; (vi) attempted assignment
of the Distributorship Agreement by the Company or change in control of the
Company's business without the prior written consent of Pabst; (vii) violation
by the Company of its obligations to sell and distribute the Pabst's Products
only within the Territory and/or its obligation to solicit every retail account
within the Territory and to use its best efforts to market and promote Pabst
Products and protect their quality.
Deficiency Termination. Pabst may also terminate the Distributorship
Agreement if any of the following occurs: (i) the Company fails to perform its
duties and responsibilities in the reasonable judgment of Pabst; or (ii) other
breaches by the Company of its obligations contained in the Distributorship
Agreement (a "deficiency termination"). In the case of any such default, Pabst
has agreed to provide the Company with notice of the manner in which such
default has occurred and to allow the Company not less than ninety (90) days to
cure such default. Moreover, in the event of any such deficiency termination,
Pabst will pay the Company an amount equal to twice the Company's pre-tax net
earnings arising from the sale and distribution of the Pabst Products during the
immediate preceding annual accounting period of the Company. In addition, Pabst
will purchase from the Company its entire inventory of saleable Pabst Products
at an amount equal to the cost of such inventory plus a handling charge of $.10
per case, $.50 per half-barrel and $5.25 per quarter-barrel. Upon request by the
Company, Pabst will purchase from the Company, at the then fair market value,
those local delivery vehicles regularly used by the Company in the sale and
distribution of Pabst Products.
Uniform Termination. Pabst also has the right to terminate the
Distributorship Agreement if Pabst simultaneously terminates all other
agreements that are substantially similar to the Distributorship Agreement
between the Company and Pabst.
Partial Termination. Pabst has the right to assign any individual brand of
beer listed as a Pabst Product to another distributor if, in the reasonable
judgment of Pabst, the Company cannot or does not adequately promote and/or
market such brand of beer. Pabst also has the right to effect a termination of
the part of the Company's Territory if, in its reasonable judgment, the Company
does not adequately promote and market Pabst Products in that part of the
Territory.
Change of Control Termination. Pabst also has the right to terminate the
Distributorship Agreement if there is a change in ownership or control in the
Company's business which occurs without the prior written consent of Pabst
(which consent may not be unreasonably withheld). For purposes of the
Distributorship Agreement, the term "control" means record or beneficial
ownership of (i) thirty-three percent (33%) or
more of the Company's voting stock; (ii) thirty-three percent (33%) or more of
its business; or (iii) thirty-three percent (33%) or more interest in an entity
which owns fifty-one percent (51%) or more of the Company's voting stock.
CBEV going MJ fellas ,from NASDAQ before Capitol Beverage Sales specializes in the wholesale beverage distribution of high quality beers, sodas, and waters to the Minneapolis - St. Paul Area. Capitol is locally owned and operated by the Morrissey Family.
http://capitolbeverage.com/
Will load up Monday, hoping to get them on sale
CBEV was a NASDAQ company ,read,,Capital Beverage Corporation was incorporated under the laws of the State
of Delaware on December 5, 1995. In January 1996, the Company acquired from
Consolidated Beverage Corporation, the right to become the exclusive distributor
("Pabst Distribution Rights") for certain beer and malt liquor
Full Description
https://www.nasdaq.com/markets/ipos/company/capital-beverage-corp-229-8215
CBEV~~was a NASDAQ company in 1995 CAPITAL BEVERAGE CORP (CBEV) IPO
https://www.nasdaq.com/markets/ipos/company/capital-beverage-corp-229-8215
CBEV load up fellas,this is a rare gem to bank huge,don't miss
CBEV MJ acquisition or MJ R/MERGER
CBEV HUGE Capital Beverage Corporation, formerly Clean & Green Holdings Inc, is a shell company. The Company is focused on locating a suitable acquisition or merger candidate.
CBEV Monday BLU SKY~ ~http://www.stockta.com/cgi-bin/analysis.pl?symb=CBEV&cobrand=&mode=stock
CBEV~~Cannabis Regulation & Permitting
Home Practice Areas Cannabis Regulation & Permitting
shutterstock_311956991 small
Cannabis law is in its infancy, and the law is constantly changing. Austin Legal Group is on the leading-edge of representing cannabis businesses with experienced attorneys dedicated to understanding this ever-changing field. Our attorneys represent and advise clients from seed-to-sale backing you with this expert experience.
Austin Legal Group combines our long history and expertise in the general field of land-use with the current trends of cannabis legalization. Whether you are facing confusion with the regulations and laws surrounding regulatory compliance, the complexities of licensing, starting a new cannabis business, or are engaged in litigation with a local municipality, we understand the issues and represent our clients with experience.
We deliver legal advice and representation for a wide variety of matters, such as:
State and Local Licensing Applications
State and Local Regulatory Compliance
Corporate Structure
Administrative Hearings
Political Advocacy
Land Use and Zoning
Disputes
Code enforcement violations
Public hearing process
Appeals
Drafting Ordinances
Interim Zoning
http://austinlegalgroup.com/practice-areas/security-compliance/
CBEV WOWZA COMING,Cannabis law is in its infancy, and the law is constantly changing. Austin Legal Group is on the leading-edge of representing cannabis businesses with experienced attorneys dedicated to understanding this ever-changing field. Our attorneys represent and advise clients from seed-to-sale backing you with this expert experience.
http://austinlegalgroup.com/practice-areas/security-compliance/
CBEV~~HUGE, Austin Legal Group combines our long history and expertise in the general field of land-use with the current trends of cannabis legalization. Whether you are facing confusion with the regulations and laws surrounding regulatory compliance, the complexities of licensing, starting a new cannabis business, or are engaged in litigation with a local municipality, we understand the issues and represent our clients with experience.
http://austinlegalgroup.com/practice-areas/security-compliance/
CBEV~~$20 DOLLARS COMING,ATTORNEY Austin Legal Group, APC
Cannabis Regulation & Permitting
Home Practice Areas Cannabis Regulation & Permitting
shutterstock_311956991 small
Cannabis law is in its infancy, and the law is constantly changing. Austin Legal Group is on the leading-edge of representing cannabis businesses with experienced attorneys dedicated to understanding this ever-changing field. Our attorneys represent and advise clients from seed-to-sale backing you with this expert experience.
Austin Legal Group combines our long history and expertise in the general field of land-use with the current trends of cannabis legalization. Whether you are facing confusion with the regulations and laws surrounding regulatory compliance, the complexities of licensing, starting a new cannabis business, or are engaged in litigation with a local municipality, we understand the issues and represent our clients with experience.
http://austinlegalgroup.com/practice-areas/security-compliance/
Yes!! Something Big is brewing here for sure.. ‘Tis the season might have too load more Monday $10 here we come
Not only that, it’s all Being done by Austin legal who specialize in marijuana!!!
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Web Site:
http://www.beveragecapital.com/
Beverage Capital Corporation is a full line beverage company supplying carbonated and non-carbonated beverages to our customers; Beverage Capital is part of The Honickman Group, the nation's largest privately owned Beverage Company. We are located in the port city of Baltimore, Maryland. This unique location, coupled with our extensive distribution network, allows us to distribute to over 34% of the population of the Unites States, as well as export to Canada, Central and South America, and the Caribbean with ease. In our 30+ year history, we have packed for some of the largest beverage companies and supermarket chains, including Snapple, Pepsi/Lipton, Mistic Brands, Ocean Spray, Cadbury Brands, Royal Crown, A&P, Canada Dry, Safeway, and Nantucket Nectars.
Capital Beverage Corporation (Capital Beverage) is now a shell company. The Company previously operated as a wholesale distributor of beer and other beverages in New York City. On September 15, 2005, Capital Beverage entered into an Asset Purchase Agreement with Oak Beverages, Inc. (Oak), pursuant to which the Company agreed to sell, and Oak agreed to purchase, the Company's exclusive distribution rights for the Pabst brands, Pittsburgh brands and Ballantine brands (the Assets). As of December 16, 2005, Capital Beverage closed the sale of the Assets to Oak, pursuant to the terms and conditions of the Asset Purchase Agreement. As of December 31, 2005, all employees were terminated, except for Carmine Stella who continues to serve as the Company's Chief Executive Officer. The O/S remains under 3.8M shares and the A/S continues to remain at 20M. Carmine is preparing this shell to R/M with another beverage company. The filings are current and this continues to trade on the OTCBB as a fully reporting security.
Capital Beverage Corporation
120 Rio Vista Drive
Norwood NJ 07648
Phone: (201) 679-6752
Fax. (718) 409-2337
Two Year High in Cash Flow from Operations for Capital Beverage |
08/27/2009 |
Two Year High in Free Cash Flow for Capital Beverage | ||||
08/27/2009
|
Share Structure Posting:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42579073
SEC Filings Link:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=CBEV
Continental Stock Transfer & Trust Company
17 Battery Place, 8th Floor
New York, NY 10004
Directors and Executive Officers
Carmine N. Stella
President, Chief Executive Officer, Chairman of the Board
Carmine N. Stella Chairman of the Board, Chief Executive Officer and President, Capital Beverage Corp. | |
Age | Total Annual Compensation | |
57 | $210,028 USD As of Fiscal Year 2008 |
Carmine N. Stella has been the Chairman, Chief Executive Officer and President of Capital Beverage Corp. since inception in December 1995. Since 1991, Mr. Stella has been the sole officer and shareholder of VSI, a wholesale and retail seller of alcoholic. From 1986 to 1990, Mr. Stella served as President of Gotham Wholesale Beer Distributors, a beer and non-alcoholic beverage wholesaler with annual sales in excess of $20,000,000. Mr. Stella served as the President of the Empire State Beer Distributors Association from 1984 to 1988. He has been a Director of Capital Beverage Corp. since December 1995 and VSI since 1991. He was a Director of the Empire State Beer Distributors Association from 1984 to 1988 and Director of Gotham Wholesale Beer Distributors. Mr. Stella received a B.B.A. in Accounting from Bernard M. Baruch College, New York, New York in 1973.
Carol Russell
Secretary, Treasurer and Director
Joseph M. Luzzi
Director
Michael Matrsciani
Director
Vito Cardinale
Director
Outstanding Shares: 3,792,045
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