High Performance Beverages Comp. (TBEV)

[Decarz]

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High Performance Beverage Co. Confirms Meeting With Walmart for Distribution in Mexico,& Potential Sales in Sam's Clubs in U.S
The meeting is currently set for October 05, 2016 at Walmart's corporate headquarters in Bentonville, AK and will include executive buyers from WALMEX and U.S. representatives.

Toby McBride, High Performance Beverage CEO, stated,I would like to briefly address the Company's recent decision to increase its authorized shares. While we understand our shareholders concern, the increase is not necessarily reflective of the Company's intent to dramatically increase its outstanding shares. Rather, we felt it necessary to be proactive and prepared in the event of our decision to utilize our previously announced $5 million credit facility. Should that become necessary, it would be related to significant progress with our operations, inventory controls, distribution and sales. We would view that as a significant positive for our company. Our only other alternative would have been to do a reverse split in order to create reserve shares and that was not an option.

http://www.marketwatch.com/story/high-performance-beverage-co-confirms-meeting-with-walmart-for-distribution-in-mexico-talks-to-include-potential-sales-in-sams-clubs-in-us-2016-09-14