startup announces new product, 100% up
HFBG - Hall of Fame Beverage's CEO Moves Grand Ma Ma Brand Into NYC, Baltimore, and Washington, DC
Apr 10, 2012 8:30:00 AM
DALLAS, TX -- (Marketwire) -- 04/10/12 -- Hall of Fame Beverages, Inc. (PINKSHEETS: HFBG) CEO, Greg Thrasher, announces the company has placed Grand Ma Ma's Sweet Southern Tea in 3 major East Coast cities. The tea is now on shelves in New York City, Baltimore, Maryland, and in Washington, DC.
Hall of Fame's sweet tea can now be found in a number of New York City locations including the Bronx, Brooklyn, Staten Island, Queens, Jamaica, Rockaway Park, and Rochdale. The company has recently worked with a master distributor to start placing the company's products up and down the East Coast.
The tea has also been placed in Bayonne, New Jersey and Hyattsville, Maryland, and in several locations in Baltimore and Washington, DC.
Thrasher says this is great news for the company and our shareholders. "We're excited to see Grand Ma Ma's Sweet Southern Tea is now available to more consumers in the NYC, Baltimore & Washington DC areas, and they are pleased to be offered a great-tasting product."
New York City is a competitive market with small stores on every corner, and the company's tea will be priced anywhere from .50 to 2.00 a bottle. Craig Pio is the master distributor who is working with his clients to place Hall of Fame's tea from Washington, DC to Boston. "We have a very competitive market we distribute to, and a lot of my customers operate stores that reflect the competitive atmosphere in these big-city locations."
The namesake behind Hall of Fame's product is former New York Knicks basketball player Larry Johnson who played the Grand Ma Ma character in his Converse shoe commercials during his playing days in the NBA. Johnson was recently hired by the Knicks and is excited to see Grand Ma Ma join him in the Big Apple. "After years of hard work, we were finally able to get the placement we wanted in the tough New York market. As I go back to work for the Knicks, it's great to see the tea will be in the City with me."
The CEO says placement won't stop in these cities as the company continues its strong push to distribute its products. "We are aggressively working to expand our distribution network to ensure our products are available to a wide range of consumers."
The company will list these new stores on its Investor Relations Portal which can be accessed from the Investor's page at www.halloffamebeverages.com. Later this week the CEO will announce a new product, and discuss his plans for Hall of Fame's 100 days of selling season from Memorial Day through Labor Day.
About Hall of Fame Beverages
Hall of Fame Beverages Inc. is an innovative beverage company trying to grow its footprint in an industry rife with ordinary drinks. We are home to our signature brand Grand Ma Ma's Sweet Southern Tea. The tea is complemented nicely by our signature desserts, also branded under the Grand Ma Ma icon, Grand Ma Ma's Gourmet Southern Desserts. Hall of Fame Beverages is co-owned by former NBA star Larry Johnson who famously dressed up as his basketball playing Grand Ma Ma in Converse shoe commercials in the 1990's.
SAFE HARBOR: Certain information included herein may contain statements that are forward looking. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results.
Hall of Fame Beverages, Inc.
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Source: Hall of Fame Beverages, Inc.
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