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Tuesday, April 29, 2014 4:09:39 PM
Vanis
-Getting away from toxic lenders moving towards lending with more favorable terms.
-Will be working only with lenders that will participate in our future as a partner and give move conventional rates/terms…some taking longer term equity positions.
-Any other lenders will have their notes settled .
-There are still a few notes left to settle.
-Authorized shares – 2.5 billion
-Outstanding shares – just under 2.2 billion
-Shares in reserve for notes outstanding that could be brought
back to treasury upon payment of the note..157 Million
-Saving the rollout of the new formulations of Rise and CoffeeBoost to unload original product which is basically now done..and to coincide with the rollout of Vitamin fizz..piggy backing to save money in shipping etc.
-Company has no current plans to reverse split the stock…only way they would ever reverse would be to uplist the company to higher exchange.
-Company will initiate a share buyback program as soon as revenues allow..(could be sooner than most think)
-Level 5 is a private company majority owned by MinercoResources
-When talking about the future growth ..chaotic and expotential are used to describe the pace
-All sales from level5 will be put right back into growing level5
-The Herbal Collection – Partner not named yet. Will keep it quiet until its time. They have completed DD on the company and brand. Involves products and patents.
-They will not be satisfied until L5 is a household name
-Will grow at a slow and steady pace.
-Management is world Class
-Products will be world class
-Said they are ready to open up the throttles a little bit
Darin Ezra (ceo powerbrands)
-Thru the connections and relationships..they could put product into 100,000 stores across the U.S.
-Power Brands alone can put product on Both Coasts
-Launched one brand and put it in 40k locations in 6 months
-Have atleast one product in every major retailer in the country
-Powerbrands has always wanted to be affiliated with a public company to show a bigger audience of investors how well they perform so the fit was natural in going with Minerco.
-About to launch coffee boost into new York city..not sure on time frame..just said about to ..?
-Will not put in a marketing budget until all soft launches are completed.
-Vitamin Fizz one of the most well accepted products Powerbrands has ever had…which was how it was aligned with the guys from Redbull.
-Compares V-Fizz to Sparkling Ice brand…a very fast growing brand. Says our flavors and packaging are WAY BETTER than that company. Grown from 10 million to 300 million in 3 years time..
-Powerbrands is working with Major distributors for VFIZZ rollout. (shots will piggyback)
-They are working with a firm (CAA) that is major marketing firm to align celebrity for endorsement..no name yet but did say this celeb has the largest online following currently of any celeb..currently negotiating deal
-Fizz has 100% of daily vit-c..
-Compares fizz to carbonated vitamin water..or a combination of vitamin water and coke
-Mentions rolling out the new Boost with the Fizz
-Strategic partnership with BigRed (Revenues approaching 200 Million a yr) Gary Smith
-Mentions Dan Ginsberg’s (former CEO REDBULL NA) accomplishments and says he doesn’t get involved in anything that isn’t very serious. Partner in Vfizz
-Says vfizz brand could reshape the bev industry again..and be the next billion dollar brand
Recorded message from Dan Ginsberg former CEO REDBULL NA
-Says he is pitched many bev’s each week…
-Says Vfizz could be a market contender…good price, taste, provides margins..
-He says glad to be a part of the team of VFIZZ
-Shareholder in Vfizz
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